MERGERS, ACQUISITIONS AND FINANCIAL RESULTS
AccessKenya to invest over US$50,000 to expand data centre
Leading data center provider AccessKenya has invested an additional Sh5 million (US$60,000) in boosting its capacity of its data center in the country. It comes as the same company announced last week it believed data centers could become a force for the international community to invest in Kenya.
The company, in a press release published on Monday morning, said it hopes its additional funding of the center will help assist the ICT sector in Kenya to grow and develop the continuing IT business.
“It will definitely help get foreign investors interested to know that local companies are putting additional funding behind important projects,” said Khalil Julal, a Mombasa-based analyst.
The fund is part of AccessKenya’s continued investment in the storage facility that was first established at Sh15 million ($180,000).
It continues AccessKenya’s diversification, as it was first started as and Internet Service Provider. The company said that it would help to improve their profit margins by moving into other IT sectors.
Chief Technical Officer Raymond Macharia said the center will “be key in revenue generation” for AccessKenya.
“We are looking at any business large or small with data that needs backing up. There has been an increase in the number of firms that have taken up ICT and demand for safer data storage facilities,” he said in the press statement.
Macharia added that data storage is “poised” for massive growth as other firms continue to outsource their IT infrastructure and believes Kenya can be the leading African country in this effort.