Yango reaffirmed its commitment to Africa’s development at the CEO Africa Forum in Kigali. Operating in over 13 countries, Yango focuses on empowering local SMEs and enhancing urban transportation through technology, with plans to expand partnerships and services across the continent.
Orange and Digital Africa have partnered to support and invest in startups across Africa and the Middle East. The collaboration aims to enhance entrepreneurship and innovation, with startups potentially receiving up to $50,000 in their first year through the Fuze scheme.
Arabsat is partnering with ST Engineering iDirect to integrate cloud technologies into its gateway infrastructure, expanding satellite connectivity in the Middle East, Africa, and Asia. This initiative will enhance Arabsat’s coverage, provide vital managed services, and support Saudi Arabia’s broader space investment and efforts to deliver satellite internet to underserved regions.
Microsoft and G42 announced a $1 billion digital investment in Kenya, including a state-of-the-art green data centre to support Microsoft Azure. This initiative aims to enhance Kenya’s digital infrastructure, develop local AI models, expand connectivity, and ensure secure cloud services, fostering digital transformation and economic growth across East Africa.
Rwanda has committed to supporting the Timbuktoo Africa Innovation Foundation to boost digital development. Minister Paula Ingabire emphasized the initiative’s goal to transform the innovation landscape by establishing hubs and unlocking venture capital, fostering an environment for young talent to thrive and innovate.
Vodacom and Orange are in talks to form a strategic partnership to explore infrastructure deals in Africa. The collaboration aims to reduce costs by sharing infrastructure and expanding rural connectivity, focusing on markets like Egypt and the Democratic Republic of Congo.
ToA Tanzania, part of Axian Telecom, secured $30 million from British International Investment to build 200 new telecom sites, enhancing connectivity and bridging the digital divide in Tanzania. The expansion focuses on rural areas, promoting inclusivity and sustainable development.
Airtel Africa repaid a $550 million bond, cutting foreign currency debt. Despite currency challenges, the company focuses on growth through strategic investments and a share buyback program. CEO Ogunsanya highlights innovation and partnerships to boost performance and competitiveness.
GITEX Africa 2024, held in Marrakech from May 29-31, will gather global experts to address Africa’s cybersecurity challenges amid its digital revolution. Key figures like Ghita Mezzour and Mohamed Al Kuwaiti will discuss strategies to enhance digital security and foster international collaboration, ensuring a secure future for the continent’s digital growth.
Zain Group’s Q1 2024 results show a 5% revenue increase to $1.5 billion, with an EBITDA of $480 million. Despite challenges in Sudan, strong performance in Iraq, Kuwait, KSA, and Jordan bolstered growth. The group remains focused on mitigating Sudan’s impact through various operational measures.
