SK Hynix has announced a 54 trillion Korean won ($38.1 billion) investment to construct two new semiconductor manufacturing facilities in South Korea. As the world’s second-largest memory manufacturer behind Samsung, the company is expanding capacity to address severe supply constraints driven by the global AI data centre boom. Production in the first facility’s cleanroom is…
As Africa grapples with shrinking international development funding and rising pressure to create jobs for its rapidly growing youth population, the Mastercard Foundation is making one of the continent’s biggest long-term investments in higher education, committing US$500 million over the next decade to transform African universities. In an interview with allAfrica, Melody Chironda, Dr. John…
African Heads of State and Government on Wednesday adopted the Accra Declaration, reaffirming their commitment to end AIDS as a public health threat by 2030. They also seek to reduce preventable maternal and child deaths, tackle both communicable and non-communicable diseases, and build resilient health systems across the continent. The declaration, adopted at the close…
Hollie Adams/Reuters IBM said on Thursday it has committed US$5-billion (R82-billion) to an initiative that will deploy engineers and AI tools to help companies better secure open-source software. The initiative, called Project Lightwell, seeks to create a “clearinghouse” for open-source security, establishing a model for managing risks across the software supply chain. Open-source software is…
Africa Finance Corporation (AFC), the pan-African development finance institution with over $19 billion in total assets, has committed $100 million to invest in Africa-focused technology fund managers, the Lagos-based institution announced on May 18, 2026. The move marks a shift from AFC’s core infrastructure mandate into early and growth-stage venture capital. The first two commitments…
Uber sub-Saharan Africa GM Deepesh Thomas Uber has pledged R5-billion in investment in South Africa over the next three years, but the ride-hailing giant has acknowledged that the commitment is a mix of previously planned spending and genuinely new investment. The pledge, announced at the South African Investment Conference on Tuesday, follows a pattern of…
African Development Bank will provide $5.65 million to support a financing mechanism for solar mini-grids in Central African Republic, Chad, Nigeria and the Democratic Republic of Congo. The funding, approved in Abidjan, will be deployed as a repayable grant through the Sustainable Energy Fund for Africa. It is matched by the Nordic Development Fund, bringing…
The spending increase will stay in place for at least the next three years. Published On 1 Dec 20251 Dec 2025 Click here to share on social media share2 Share The United States has announced a new trade deal with the United Kingdom that includes zero tariffs on pharmaceutical and medical products in exchange for…
New York — Partnership to Reach 23 Million Pregnant Women and their Babies with Essential Prenatal Vitamins and Minerals Globally In a bold step to combat maternal undernutrition and protect the health of future generations, Kirk Humanitarian announced a new commitment today of US$50 million in prenatal vitamins and minerals, accessible to more than 60…
The R49 million funding reflects Google’s long-term commitment to supporting SA’s digital economy, it says. Google has announced a $2.85 million (R49 million) funding injection through its philanthropic arm, Google.org, to support artificial intelligence (AI) skills development, education, online safety and cyber security in South Africa. The announcement was made last night at AI Expo…
