EconomicDevelopment

NVIDIA Selected to Construct Africa's Premier AI Factory by Strive Masiyiwa

5 days ago

In a groundbreaking development for the African tech landscape, Nvidia has been chosen by Strive Masiyiwa, the esteemed billionaire entrepreneur and founder of Econet Group, to spearhead the establishment of the continent's very first artificial intelligence (AI) factory. This initiative signals a significant step forward in enhancing Africa's technological self-sufficiency and innovation capacity.

Groundbreaking Fibre-Optic Link Unveiled Along Africa’s Longest Lake

23 days ago

In a significant advancement for telecommunication infrastructure in Africa, a Mauritian firm has successfully completed the installation of a fibre-optic link that stretches along Lake Tanganyika, enhancing connectivity across several countries in the region. This milestone project promises to improve internet access and communication capabilities for millions of residents in the surrounding areas.

South Africa Sets Out to Raise $50 Million for Thrilling Formula 1 Bid

2 months ago

In a captivating development for motorsport enthusiasts, South Africa is embarking on an ambitious venture to secure a spot in the prestigious Formula 1 calendar. The country aims to raise a whopping $50 million in funding as it positions itself to host a Grand Prix event, a move that would reignite the nation’s historic connection with the sport. This ambitious plan comes amidst growing interest and investment in motorsports across the African continent.

UK Banknote Printer Receives Investment Offer from Interested Stakeholders

3 months ago

In a significant development for the UK's monetary infrastructure, a leading banknote printing company has attracted the attention of investors seeking to acquire a stake in its operations. The move underscores the growing recognition of the importance of secure currency printing in today's economic climate.

Harith Partners Acquires African Infrastructure Fund for $360 Million

4 months ago

In a significant development in the investment landscape of Africa, Harith Partners, a private equity firm known for its focus on infrastructure projects across the continent, has announced the acquisition of an African infrastructure fund valued at $360 million. This strategic purchase is poised to enhance Harith's portfolio and strengthen its commitment to bolstering infrastructure development in the region.

TSMC and Samsung Consider Building Major New Chip Factories in UAE

6 months ago

This might be an important turn for the semiconductor industry: leading chipmakers TSMC and Samsung are reportedly considering options to open new factories in the United Arab Emirates. According to news from The Wall Street Journal, this could confer certain strategic and economic advantages in an area of the world.