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Amazon to invest E32.4bn in South Africa

By Khulile Thwala

According to its newly-released economic impact study report, the company, via its cloud infrastructure arm Amazon Web Services (AWS), aims to invest E32.4 billion in South Africa by 2029. 

The investment will be made towards cloud infrastructure in the region. Per the report, Amazon estimates a E45 billion investment in South Africa between 2018–2029.

Read More: Eswatini could benefit from digital evolution-World Bank

From 2018 to 2022, the company says it has invested E15.9 billion, which has resulted in an estimated E11.8 million approximately in local GDP contributed by this AWS Region AWS in Nigeria and Kenya: South Africa still hosts AWS’s only regional data centre in Africa.

Read More: e-Commerce uptake is very low in Eswatini

Last year, the service opened up a new Local Zone in Lagos, Nigeria, one of the only 15 Local Zones outside of the US. The marketplace arm of Amazon is also planning to open up a shop in South Africa by the end of 2023.

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