PlatformDIGITAL – Tech | Business | Economy https://techeconomy.ng Tech | Business | Economy Fri, 25 Apr 2025 15:05:48 +0000 en-GB hourly 1 https://wordpress.org/?v=7.0 https://techeconomy.ng/wp-content/uploads/2025/06/cropped-256Px-32x32.png PlatformDIGITAL – Tech | Business | Economy https://techeconomy.ng 32 32 INTERCONNECTION: Digital Realty Expands ServiceFabric to Nigeria  https://techeconomy.ng/digital-realty-expands-servicefabric-to-nigeria/ https://techeconomy.ng/digital-realty-expands-servicefabric-to-nigeria/#comments Fri, 25 Apr 2025 15:05:48 +0000 https://techeconomy.ng/?p=157536 Digital Realty, the leading global provider of cloud- and carrier-neutral data center, colocation, and interconnection solutions, announced today the expansion of its interconnection platform, ServiceFabric, to Nigeria.

The platform will be natively deployed at Digital Realty’s LOS1 and LOS2 facilities in Lagos, ensuring low-latency, high-performance connectivity for enterprises in the region and beyond.

This strategic expansion reinforces Digital Realty‘s commitment to enabling seamless global interconnectivity for businesses, providing enterprise customers in Nigeria with the ability to connect whenever, wherever, and to whoever they need to.

The presence of ServiceFabric in Lagos will support the growing demand for hybrid IT and multi-cloud connectivity, empowering businesses with a secure, software-defined interconnection platform.

As part of Digital Realty’s broader vision to support digital transformation across Africa, this deployment is a significant step in an ongoing ServiceFabric expansion across the continent. Future rollouts are planned to bring additional access points across Africa, enabling enterprises to interconnect with partners, clouds, and networks seamlessly.

The timing of this deployment aligns with a surge in digital activity across Africa. The continent’s digital transformation market is projected to grow from approximately USD 23 billion in 2024 to USD 46 billion by 2029, at a compound annual growth rate (CAGR) of 15%, underscoring the accelerating demand for advanced connectivity solutions.

In Nigeria specifically, national initiatives such as the 3 Million Technical Talent (3MTT) program and the Broadband Alliance reflect strong government support for enhancing digital skills and infrastructure – further highlighting the country’s critical role in Africa’s digital future.

“The launch of ServiceFabric in Nigeria marks a significant milestone in our mission to build a truly globally connected digital economy,” said Chris Sharp, chief technology officer, Digital Realty. “By deploying ServiceFabric natively in our Lagos facilities, we are ensuring businesses in Nigeria have access to the same best-in-class interconnection capabilities as enterprises in major digital hubs around the world.”

Explaining further, Engineer Ikechukwu Nnamani, the managing director, Digital Realty Nigeria, stated the launch of ServiceFabric in Nigeria is a direct response to the call by the Federal Government towards availability of global infrastructure in the country thereby enhancing localization of content and bringing global platforms into the Nigerian ICT ecosystem.

By a direct connectivity into the Internet Exchange Point of Nigeria (IXPN), the IXPN will be able to peer with other global exchanges thereby enhancing the quality of service delivery to Nigerian companies and service providers.

ServiceFabric is already available natively in more than 160 Digital Realty facilities and over 500 third-party facilities through strategic partnerships, including with Megaport and the recent collaboration with Console Connect.

These partnerships help extend the reach of the platform, providing enterprises with a truly global, interconnected ecosystem.

ServiceFabric is a next-generation interconnection solution designed to simplify and streamline connectivity between enterprises, cloud providers, and network partners.

With integration points to Digital Realty’s Private AI Exchange (AIPx), it also paves the way for secure and efficient AI workload connectivity, further future-proofing enterprise infrastructure.

Key benefits include:

  • Seamless multi-cloud connectivity – direct, secure access to major cloud providers with access to more than 280 cloud on-ramps globally, ensuring optimized performance and security.
  • Global reach, local performance – enterprises in Nigeria can connect with business partners and digital services across PlatformDIGITAL, Digital Realty’s global data center platform consisting of 300+ facilities across 50+ cities in 25+ countries.
  • Scalability & flexibility – businesses can scale their interconnection needs on demand, adapting to changing IT and network requirements.
  • Enhanced security & reliability – a private, software-defined platform that reduces exposure to public internet risks and improves network resiliency.
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SEC Places 6 Online Trading Platforms on its Blacklist https://techeconomy.ng/sec-places-6-online-trading-platforms-on-its-blacklist/ https://techeconomy.ng/sec-places-6-online-trading-platforms-on-its-blacklist/#respond Tue, 02 May 2023 02:25:00 +0000 https://techeconomy.ng/?p=100919 Six internet trading platforms have been placed on the SEC’s “blacklist” as part of its most recent crackdown on unlicensed and unlawful businesses.

The platforms were allegedly offering financial and investment services and products, according to a circular issued by the Commission on Monday in Abuja.

According to the circular, the platforms were not registered with the SEC, and neither were the financial services they provided.

Axi24, Evolve Consulting LCC, Prime Invest, and “Primeinv.co,” FXBoxed, New Finance LLC and New Fx Limited, and Trust Fund-Mining Global Pty Limited were among the businesses identified by the Commission in the circular.

“The Commission’s attention has been drawn to the under-listed e-commerce companies and their websites offering online trading platforms to the investing public.

“Members of the public are advised to adopt the greatest diligence in making investment choices.

“Because of the above, the general public is hereby warned that any person dealing with the above-mentioned e-commerce websites is doing so at his or her own risk,” the SEC said.

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Medallion CEO hints how Teraco’s acquisition by Digital Realty will shape Africa’s datacentre space https://techeconomy.ng/medallion-ceo-hints-how-teracos-acquisition-by-digital-realty-will-shape-africas-datacentre-space/ https://techeconomy.ng/medallion-ceo-hints-how-teracos-acquisition-by-digital-realty-will-shape-africas-datacentre-space/#respond Wed, 12 Jan 2022 08:28:25 +0000 https://techeconomy.ng/?p=65905 Engineer Ikechukwu Nnamani, the chief executive officer of Medallion Data Centres Limited, has expressed his excitement on the recent announcement that Digital Realty has acquired controlling stake in Africa’s largest datacentre operator, Teraco Data Environments.

The transaction valued Teraco’s datacentre assets at $3.5bn. This represents the biggest datacentre transaction in the continent.

Teraco is the largest and most densely interconnected datacentre platform in Africa, with seven state-of-the-art facilities strategically located in the key South African metros of Johannesburg, Cape Town and Durban.

Teraco serves over 600 customers, including more than 275 connectivity providers, over 25 cloud and content platforms and approximately 300 enterprises.

Teraco facilitates approximately 22,000 interconnections between customers and its Isando campus in Johannesburg is one of the most densely interconnected sites in the world, with over 13,000 cross-connects.

Teraco also hosts seven on-ramps to leading global cloud service providers in Johannesburg and Cape Town and currently provides direct access to seven subsea cables in Durban on the east coast and Cape Town on the southwest coast

It is worth noting that in October 2021 the Austin Texas, USA based Digital Realty also announced the acquisition of the datacentre assets of Medallion Communications Limited in Nigeria.

That  marked the first time a global pure real estate investment trust (REIT) will be entering the country and beats rivals including Equinix (NASDAQ: EQIX), CyrusOne (NYSE: CONE), and CoreSite Realty (NYSE: COR) on entrance into the market. With the additional acquisition of Teraco, Digital Realty now controls the two most important datacentre assets in the continent.

The Medallion Data Centres Limited  is the number 1 peering and connectivity datacentre in Nigeria and Teraco represents the same in South Africa, two of the largest economies in the continent.

The combination of Teraco’s leading position in South Africa with Digital Realty’s leading connectivity hubs in Nigeria on the west and Kenya on the east coast – along with Digital Realty’s strategic Mediterranean interconnection hubs in Marseille and Athens – is expected to significantly strengthen Digital Realty’s leading pan-African position, enhancing the ability to serve local as well as multinational enterprises and service providers.

When reached for comment on the development, Engr. Nnamani stated the investment into Teraco by Digital Realty is a further testament that Digital Realty is fully commitment to grow the digital economy in not only Nigeria and the West African sub-region but also the whole of Africa.

This he stated will lead to significant foreign direct investment into the economy, boosting the GDP of the African countries, creating employment, and improving the quality of the lives of the citizens in the areas of education, healthcare, e-commerce, entertainment, security, governance, and agriculture amongst others.

With the digitization of the economy and implementation of Internet of Things services, datacentres are essential to support these emerging services.

Digital Realty is the largest global provider of cloud- and carrier-neutral datacentres, colocation and interconnection solutions.

Digital Realty supports the world’s leading enterprises and service providers by delivering the full spectrum of data centre, colocation and interconnection solutions.

PlatformDIGITAL, the company’s global data centre platform, provides customers a trusted foundation and proven Pervasive Datacenter Architecture (PDx™) solution methodology for scaling digital business and efficiently managing data gravity challenges.

Digital Realty’s global data center footprint gives customers access to the connected communities that matter to them with more than 280 facilities in 48 metros across 24 countries on six continents.

Medallion Data Centres Limited Lagos campus is the leading connectivity hub in Western Africa with approximately 70 carriers and internet service providers, over 80 percent of the public peering traffic of the Nigerian Internet Exchange takes place at the carrier neutral datacenter.

Medallion Data Centres Limited offers access to all the exiting sub marine cables in Nigeria and additional subsea cables scheduled to be in operation in Lagos by 2023 are all expected to use Medallion as a peering point for content and bandwidth distribution.

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