Why aren't there more servers?

Why doesn't NA have an array of servers across the continent? Why doesn't Africa have a server at all? How much do servers even cost? Seems weird that a skin released to contribute to the worlds prize pool can make millions of dollars, but they can't release a good skin and put the proceeds towards investment in the infrastructure of the game. That's just how it seems as an outsider looking in. It seems like riot is cutting big corners. You can't make the game all about upfront damage and burst when a lot of people play on 50+ ping.
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