US data centre firm Equinix is investing $438 million in South Africa

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Global data center operator Equinix Inc. is investing $438 million to expand its operations in South Africa, building new facilities in Johannesburg and Cape Town. This expansion aims to capitalize on the increasing demand for artificial intelligence and cloud services across Africa, as the continent currently accounts for less than 1% of the global data center capacity. The investment highlights the growing digital economy in Africa, attracting major global tech firms to the region, and Equinix plans to fund these and future investments from its balance sheet.

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