The African Development Bank and The US Commercial Service, the trade promotion arm of the US Department of Commerce’s International Trade Administration (ITA), have announced what they describe as a new strategic collaboration in a move to drive digital transformation across Africa.
Cambodian operator CamGSM PLC successfully launched its US$20 million sustainability bond on the Cambodia Securities Exchange (CSX), making it the first such bond to be issued in Cambodia.
Kenyan operator Safaricom, mobile financial service M-Pesa Africa, and global trading and business investment company Sumitomo Corporation are to launch the Spark Accelerator, a programme to support early-stage start-ups in Kenya in their efforts to grow and scale their businesses.
Next-generation digital services and consulting group Infosys has announced what it calls a new proximity centre in Sofia, the capital of Bulgaria, as part of its continued growth in Europe.
KKR, a global investment firm and the parent company of OMS Group, a leading telecom infrastructure company and provider of subsea cable services, has announced its latest digital infrastructure investment in Southeast Asia.
Raxio Data Centres, a provider of carrier-neutral, Tier III data centres in Africa, has announced that it has secured an additional US$46 million in equity funding.
Globe Telecom’s corporate venture builder unit, 917Ventures, says it’s embracing generative AI to boost its tech chops as it makes plans for its existing digital products and sets its sights on new ventures.
State-owned telecommunications operator Mauritius Telecom says it is assessing opportunities in several African nations as part of what is describes as a key strategic initiative to diversify out of the Indian Ocean island market.
Technology giant Huawei has announced a five-year investment initiative, totalling US$430 million, for the 28 African countries north of the equator.
Lebanon has reportedly received a multimillion-dollar donation from China to install solar energy for the country’s internet provider, according to Lebanon’s ministry of telecommunications.
Saudi Arabia’s largest telecommunications company, STC, has acquired a 9.9% stake in Telefónica, a leading telecoms player in Spain, Germany, the UK and Brazil, along with a number of other Latin American countries through Telefónica Hispanoamérica. The stake is valued at €2.1 billion (about US$2.26 billion).
India's largest operator, Reliance Jio Infocomm, is said to be raising up to $2 billion in offshore loans with major international banking establishment BNP Paribas as lead arranger of an initiative that will help fund the purchase of 5G network gear from Ericsson.
A more than US$40 billion boost for China’s semiconductor sector could be on the way, as reports – officially unconfirmed but widely reported – suggest a new state-backed investment fund for the sector is to be launched by the country.
United Group, which describes itself as the leading multi-play telecoms and media provider in Southeast Europe, has confirmed that it has completed the sale of its mobile tower infrastructure unit (TowerCo) in Bulgaria, Croatia and Slovenia to Tawal, a subsidiary of Saudi Arabia's STC Group and a leading integrated ICT infrastructure company in the MENA region.
A US Trade and Development Agency-funded feasibility study for Nigeria’s Hotspot Network Limited has led to the issuance of financing for the deployment of 120 solar-powered rural telecommunications base stations across 22 states in Nigeria.
The latest in a number of Africa-focused announcements by payment giant Mastercard may be the most significant; it is widely reported to be taking a minority stake in the fintech arm of South Africa’s MTN.
Service provider Vodacom’s plans to buy two fibre operators have been blocked by South Africa’s Competition Commission, which says it has found no major benefits from the proposed transaction that were not already in existence.
Powertel Communications, a subsidiary of ZESA (Zimbabwe Electricity Supply Authority), has disclosed that it plans to invest upwards of US$50 million into expanding its fibre network to improve rural connectivity across the country.
OPay, a rapidly growing provider of financial technology and electronic payments solutions, has announced its intention to apply for a licence to establish a digital bank in Egypt with capital of US$60 million.
The African Development Bank (ADB) and the Government of Cape Verde have signed a €14 million (about US$15.4 million) loan agreement to enhance the Cape Verde Technology Park, which opened earlier this year, by making it more climate-resilient and supportive of enterprise development.
Rwanda and Cameroon have recently announced significant education-related technology agreements – Rwanda with investment group SoftBank and Cameroon with UN agency UNICEF.
Latin America and Caribbean-focused multilateral development bank IDB Invest says it has closed a standby letter of credit for about US$47.5 million to service provider Colombia Móvil (aka Tigo) to support the expansion and upgrade of telecommunications infrastructure in small municipalities in Colombia.
Oi Brasil, the cash-strapped Brazilian operator, has now seen a significant influx of revenue after completing the sale of selected tower infrastructure to Empreendimentos e Participacoes, an affiliate of comms infrastructure group Highline.
US-based neutral host and telecom infrastructure company Torrecom plans to expand its tower portfolio in Latin America with the help of multilateral development bank IDB Invest.
Taiwan’s Foxconn, the world’s largest contract electronics maker, has withdrawn from a U$19.5 billion semiconductor joint venture with Indian conglomerate Vedanta.
Kenyan operator Safaricom is apparently planning to set up two venture capital firms with the aim of buying into promising technology start-ups. According to local press reports, Safaricom wants shareholders to approve the establishment of the two firms during its annual general meeting on 28 July.
MXT Holdings (MXT), a telecommunications infrastructure company based in Mexico, has received a major investment boost with the news that private investment house Ardian has signed an agreement to acquire a 50% co-control equity interest in the company.
Venezuela’s National Telecommunications Commission (Comision Nacional de Telecomunicaciones, Conatel) has published its National Telecommunications Plan for 2023-2025.
An investment consortium led by Zimbabwean businessman Edd Branson is mobilising a US$100 million fund to obtain holdings in mobile network providers in Benin, Chad and Gambia.
The African Development Fund and the Smart Africa Alliance have jointly launched a US$1.5 million project to streamline digital trade and e-commerce policies across 10 African countries.
Through acquisitions and shareholdings, the Hungarian government – led by Prime Minister Victor Orbán’s Fidesz party – is increasingly displaying its determination to boost the state’s role in the telecoms sector, arguing that it will deliver an economic boost to Hungary, strengthen its position on the global stage, and prove beneficial for consumers.
There’s been good news recently for South Africa’s telecommunications sector, with Cassava Technologies and AWS announcing major investments and Vodacom saying it plans to enhance its network spending.
The over-arching purpose of smart cities is to improve the living standards of their people through multiple pathways, be it waste management, transportation or energy efficiency, to name a few. All of this can lead to making citizens more productive and delivering what all countries desire - economic growth.
Following announcements yesterday regarding funding in Kenya and Senegal, the World Bank has approved a US$400 million credit facility for DECIM (Digital and Energy Connectivity for Inclusion in Madagascar Project).
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