{
}
Microsoft is set to invest ZAR 5.4 billion to enhance its cloud and AI infrastructure in South Africa. This significant investment underscores the company's commitment to expanding its technological footprint in the region, aiming to bolster local capabilities and services.
MTN Group and Huawei have signed a Memorandum of Understanding at MWC Barcelona 2025 to enhance digital development across Africa. The partnership aims to leverage advanced connectivity, cloud technologies, and AI to improve service quality and expand access for underserved communities, driving long-term economic growth on the continent.
South African agri-tech startup Khula has secured ZAR126 million (US$6.8 million) in Series A funding, with notable investors including Absa Bank and PepsiCo. Founded in 2018, Khula offers a platform that connects farmers with a fresh produce marketplace, input marketplace, and funder dashboard, attracting over 7,000 active users and 5,000 products. The company aims to expand further following this funding round, emphasizing its commitment to enhancing agricultural efficiency and productivity in South Africa.
Egypt has ascended to become Africa's second-largest solar energy producer, with an installed capacity of 707 MW, trailing only South Africa's 1,235 MW. By the end of 2024, solar power projects across the continent are expected to reach a total capacity of 40 GW, with Egypt contributing significantly to this growth.
The Medical Devices Reimbursement Market is projected to grow at a CAGR of over 8.6% from 2025 to 2032, driven by evolving market dynamics and investment opportunities. The report provides a comprehensive analysis of regional markets, competitive landscapes, and key players, including BNP Paribas and CVS Health, while highlighting strategies for industry professionals and stakeholders.
Gold and silver prices are expected to rise, driven by geopolitical tensions and increased demand, with UBS forecasting gold could reach $3,000 and silver $38 per ounce. In contrast, platinum and palladium face challenges due to declining demand and production issues, leading to uncertainty in their markets.
Huawei Cloud is positioning AI as its core strategy, aiming to evolve from cloud-native to AI-native services. The company reported over 50% growth in 2024 outside China, becoming a preferred partner for many organizations. At the Huawei Cloud Summit, it emphasized the importance of high-quality data and the development of AI-native infrastructure and services to meet diverse industry needs.
Nedbank and Norfund are acquiring a substantial minority stake in Pele Energy, investing $31 million to support the renewable energy company's growth. This follows a $135 million structured loan from the same investors and South Africa’s Industrial Development Corp. Pele aims to raise an additional two to three billion rand over the next two years to meet the country's renewable energy needs, targeting at least 30 gigawatts to transition from coal dependency.
Discovery reported a robust 27% increase in normalized profit from operations and a 34% rise in headline earnings, driven by strong performances from Discovery Bank and Health, alongside contributions from its Vitality Composite and Ping An Health Insurance. The company maintains a resilient financial position, focusing on organic growth and technology investments. Analysts recommend a long-term 'buy' with a price target mean of 20034c, although the current share price trades at a premium to this target.
Fibertime has secured a €2 million follow-on investment from Finnfund to enhance fiber internet access in South Africa, aiming to connect 1.8 million homes, particularly in underserved townships. This initiative, supported by Nokia's technology, addresses the digital divide by offering an affordable pay-as-you-go model, enabling approximately 65,000 households to access the internet since the initial investment. The collaboration emphasizes the importance of digital inclusion for job creation and personal development in the region.
ZAF
Country
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
microsoft invests 5.4 billion rand in south africa's cloud and ai infrastructure
08:14 07.03.2025
MTN and Huawei partner to enhance digital infrastructure in Africa
18:02 06.03.2025
South African agri-tech startup Khula secures 6.8 million dollars in funding
07:00 06.03.2025
Egypt becomes Africa's second largest solar energy producer with 707 MW
01:00 06.03.2025
global medical devices reimbursement market poised for significant growth through 2032
WellCare Health Plans Inc.
Nippon Life Insurance Company
UnitedHealth Group Inc.
FRA
NGA
CAN
BRA
ARE
GBR
MEX
DEU
KOR
IND
SAU
JPN
COL
ITA
USA
RUS
EGY
CHN
ZAF
ARG
Alice Mutum
Show more
13:22 05.03.2025
gold and silver prices rise amid market uncertainties while platinum and palladium struggle
Euro
United States Dollar
Chinese Yuan
Canadian Dollar
CAN
USA
CHN
ZAF
John Williams
Donald Trump
Show more
13:15 05.03.2025
huawei cloud accelerates ai-native strategy with significant global expansion
11:21 05.03.2025
Nedbank and Norfund invest in Pele Energy to boost renewable projects
03:12 05.03.2025
discovery reports strong profit growth and resilient financial performance
13:38 04.03.2025
fibertime secures 2 million euros to expand fiber internet access in South Africa
05:12 04.03.2025
Trending
Subcategory
Corporate News
Industry Trends
Startups & Entrepreneurship
Global Trade Developments
Retail and Consumer Goods
Supply Chain Management
Stock Market Updates
Government Economic Policies
AI Innovations
Private Equity Deals
Fintech Startups
Funding Rounds & Investments
Industry Mergers & Acquisitions
Venture Capital Investments
AI Applications
Energy Sector Developments
Emerging Startups
IPOs & SPACs
Global Trade Policies
Banking Regulations
Countries:
Companies:
Apple Inc.
Google Inc.
NVIDIA Corp
Tesmec S.p.A.
Mastercard Inc
Amazon.com, Inc.
Ripple USD USD
The Goldman Sachs Group, Inc.
Microsoft Corp
Visa Inc.
Micron Technology, Inc.
SWIGGY LIMITED
SAP SE
Ather Energy Ltd.
GLOE Inc.
Tesla, Inc.
Microsoft Corporation
Alphabet Inc.
Wise plc
J.P. Morgan Fixed Income Opps A EUR Inc
Currencies:
United States Dollar
Indian Rupee
Chinese Yuan
Euro
Japanese Yen
Saudi Riyal
United Arab Emirates Dirham
British Pound Sterling
New Zealand Dollar
Thai Baht
Vietnamese Đồng
Canadian Dollar
Indonesian Rupiah
South Korean Won
Malaysian Ringgit
Brazilian Real
Swiss Franc
Qatari Riyal
Bangladeshi Taka
Kuwaiti Dinar
People: