Category: investment

An interesting announcement relevant to Africa has come from official sources in the UAE, which has announced the launch of the AI for Development initiative, worth US$1 billion, to support and finance artificial intelligence projects in African countr…

Thailand is offering another strong reminder of its intentions in the data centre market with the recently reported approval of US$3.1 billion in new investments by the country’s Board of Investment (BOI) for four new data centre projects.

IFC, a global development institution focused on the private sector in emerging markets, has announced a partnership with operator Orange Mali to support the company in upgrading its infrastructure, expanding broadband coverage, and ensuring equal acce…

Malaysia’s second 5G wholesale operator U Mobile announced on Friday it has signed a ten-year syndicated financing deal with four Malaysian banks worth MYR4.3 billion (just over US$1 billion) to fund the capex for its 5G network rollout.

The African Development Bank Group has approved a US$100 million loan to the Emerging Africa and Asia Infrastructure Fund (EAAIF), supporting efforts to scale sustainable infrastructure investment across the continent.

State-owned company Telkom Indonesia, a multinational telecommunications conglomerate, has agreed to partially spin off its wholesale fibre connectivity business to its infrastructure-focused subsidiary Telkom Infrastruktur Indonesia in a deal valued a…

A major financing deal, announced this week, aims to fund an upgrade that will see the Tcell mobile network in Tajikistan enhanced in both quality and accessibility.

AI technologies-focused company Graphcore, a wholly owned subsidiary of multinational investment holding company SoftBank, says it is opening a new AI engineering campus in Bengaluru in India.

Global independent tower company IHS Towers announced on Thursday that it has officially completed the sale of its Rwanda unit and its approximately 1,467 sites to Paradigm Tower Ventures.

Operator Airtel Chad is reportedly planning a XAF50 billion (about US$90 million) investment plan aimed at improving network quality and expanding digital connectivity across the country.