Kasi Cloud will launch a $250 million data center in Lagos

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Kasi Cloud will launch a $250 million data center in Lagos
Kasi Cloud will launch a $250 million data center in Lagos

Kasi Cloud Ltd., a Nigerian data company, held a groundbreaking ceremony in Lekki, Lagos, to kick off the construction of the company’s first data center in Nigeria.

Kasi builds, operates, and designs hyperscale cloud data centers to support dynamic space, power, and connectivity at scale. According to the company, it has purchased 4 hectares of land in the Maiyegun Area of Lekki, Lagos.

The Nigeria Sovereign Investment Authority (NSIA), a government investment institution established to manage funds in excess of budgeted hydrocarbon revenues, is backing the company.

The NSIA is authorized to receive, manage, and invest funds on behalf of all three tiers of government, including the Federal Capital Territory, in a diversified portfolio of medium and long-term assets in anticipation of the eventual depletion of Nigeria’s hydrocarbon resources.

“Kasi’s mission of building a digital platform to accelerate cloud and interconnect people, enterprises, and governmental institutions in Nigeria and across Africa began here in Lagos, Nigeria,” said Johnson Agogbua, co-founder and CEO of Kasi.

“We are delighted to have both the Governor of Lagos State, His Excellency Babajide Sanwo-Olu, and the NSIA CEO, Uche Orji, join us in celebrating this historic milestone with us and the community.”

The governor of Lagos State, Babajide Sanwo-Olu, was the special guest at the groundbreaking ceremony.

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“We congratulate Kasi on this historic achievement.” “The NSIA believes in the potential of digital infrastructure to serve as an enabler and accelerator for innovation,” said Mr Orji, the NSIA’s Chief Executive Officer.

“We expect that the transformative impact of this infrastructure on the domestic tech space will reposition Nigeria,” Mr. Orji said. The Authority’s Board and Management are pleased to be a part of this development.”

Kasi says it is on a mission to build the country’s leading sustainable interconnection and data center platform for Africa, specifically designed to support digital ecosystems and drive internet access for over a billion people, by attempting to attract hyperscalers by resolving connectivity and scalability issues where others have failed.

“Sub-Saharan Africa is the world’s largest growth market,” Kasi Co-Founder and Director Mark Adams said. “When you look at where Big Tech is investing, a significant portion of that growth is coming through Nigeria, and Kasi infrastructure is a critical piece of the puzzle.”

This $250 million campus in Lekki is modeled after Silicon Valley technology parks and is designed to meet hyperscale requirements and standards. When completed, the campus will be one of the largest of its kind in Africa.