AfDB to back Ethiopia’s new mega airport project: Ethiopia’s state-owned Ethiopian Airlines has inked a letter of intent (LoI) with the African Development Bank (AfDB) to partner on Ethiopia’s new Bishoftu International Airport project, according to a statement. The project — led by Ethiopian Airlines — is expected to cost around USD 7.8 bn. The new airport aims to meet increasing international and domestic demand for cargo and passenger services in the country whose main airport — Bole International — cannot meet as it nears its maximum capacity.

Bangkok earmarks USD 2.7 bn for cloud infrastructure: Thailand greenlit investments worth USD 2.7 bn into its data center and cloud services infrastructure, Reuters reports. The slated projects include a 300 MW data center by China’s Beijing Haoyang Cloud&Data Technology with an investment ticket of USD 2.1 bn, a 35 MW data center by Thailand’s GSA Data Center 02 in a USD 402 mn investment, and a project by Singapore-based Empyrion Digital.

Local players are already in this market: UAE’s Damac Group announced last October plansto invest USD 1 bn in data centers via its unit Edgnex. The investment will be funneled into three to four data center projects, which Edgnex will carry out through a joint venture with Thai data service provider Proen Corp. The first of the data centers is slated to go online in downtown Bangkok by March 2025, launching with an initial capacity of 5 MW, with plans to expand to 20 MW.

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