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Alpha Dhabi H1 profit $1.79bn

Adjusted EBITDA rises to $2.36bn.

Borouge Q2 net profit $193m

The H1 revenue stood at $2.72 billion.

ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

Africa data centre expansion plan to cover Morocco, Tunisia, Egypt

  • The project will involve building 10 hyperscale data centres, in 10 countries, over the next two years at a cost of more than US$500m
  • It is being funded through new equity and facilities from leading development finance institutions and multilateral organisations

Africa’s leading carrier-neutral co-location data centre provider, Africa Data Centres has announced plans to build large hyperscale data centres throughout Africa, including the North African countries of Morocco, Tunisia and Egypt. 

The project will involve building 10 hyperscale data centres, in 10 countries, over the next two years – at a cost of more than US$500m. It is being funded through new equity and facilities from leading development finance institutions and multilateral organisations. 

Explaining the ambitious initiative, Africa Data Centres CEO, Mr Stephane Duproz said: “We have already begun to acquire land in these countries and plan to roll-out very quickly to meet the needs of our existing and new customers. This is just the beginning for us.” 

The expansion will more than double Africa Data Centres’ already significant footprint on the continent.  

Duproz said that the industries especially likely to be buoyed by Africa Data Centres’ expansion are the banking and growing fintech sectors, insurance and medical organisations, the public sector, hyperscale cloud providers and content providers. 

These industries, he added, are highly sensitive to data speed, security, guaranteed uptime and are exacting when it comes to reliability and trust in their providers. The Small to Medium Enterprises (SME) market too, he said, has found a significant opportunity for growth by plugging into the digital ecosystems that data centres provide.