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Africa

Africa: After 2-Year Delay, $5bn Africa Energy Bank Kicks Off

eriinfo.com1 week ago08 mins

African Export-Import Bank (Afreximbank) and the African Petroleum Producers’ Organisation (APPO) have established the pioneer Africa Energy Bank (AEB) in Abuja, Nigeria. The announcement was made during the AEB’s inaugural general meeting held in Abuja over the weekend. According to Afreximbank in a statement, “The creation of the Africa Energy Bank reaffirms African governments’ determination…

Struggling Intel gets bn lifeline from rival Nvdia

Struggling Intel gets $5bn lifeline from rival Nvdia

eriinfo.com1 year ago05 mins

Intel, the once-dominant US company, has been left trailing in the fast-growing AI chip market. Nvidia has tabled a $5 billion investment in struggling rival Intel, a move that could reshape the balance of power in the global chip market. The deal, still subject to regulatory approval, comes as Intel battles declining market share and…