MainOne CEO Funke Opeke on the challenges of and opportunities for investing in Africa

Funke Opeke, CEO, MainOne

While many fear investing in Africa, one woman has not been afraid of doing so. Funke Opeke is the Founder and CEO of one of the continent’s largest ICT companies, MainOne.

With vast experience in telecommunications, Opeke founded MainOne in 2010 and, since then, has raised over $300m.

She had previously served as CTO of MTN, following a 20-year career in the USA, during which she served as the Executive Director of Verizon Communications Wholesale Division in New York from 2001 to 2005.

MainOne’s portfolio today includes West Africa’s first privately-owned, open-access 7,000 km undersea high-capacity cable submarine, a $240m project completed in 2010.

The operator has also built West Africa’s largest Tier III data center, MDX-i’s Lekki Data Center, a $40m investment with a capacity for 600 racks. More data centers are on the way.

Read more: Unafraid. CEO Funke Opeke on how the challenges and opportunities of investing in Africa – Data Economy