Data Centres: Forex Instability, Low FDI Threaten $230m Investment

Data Centres: Forex Instability, Low FDI Threaten $230m Investment

Leadership | 11-09-2024 02:17pm |

The volatility of the foreign exchange (forex) market and declining foreign direct investment (FDI) are threatening over $230 million worth of investments in the data centre sector. According to an Arizton Advisory and Intelligence report, Nigeria’s data centre market was valued at $230 million in 2022 and is expected to reach $415 million by 2028. [...]

Stay Updated with the Latest News!

Don't miss out on breaking stories and in-depth articles.