Africa: Tech Firms Launch Joint Venture for African AI Development

Africa: Tech Firms Launch Joint Venture for African AI Development

In a move aimed at strengthening Africa’s digital infrastructure and sovereignty in artificial intelligence, four technology companies from Australia, Nigeria, the UAE and the Netherlands have signed a Memorandum of Understanding (MoU) to establish AfricAI, a multinational joint venture dedicated to building enterprise-grade AI solutions tailored to African markets. Nigeria has been selected as the…

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SA firms must gear up for AI talent war

SA firms must gear up for AI talent war

Demand for AI professionals has been steady and sustained. Companies globally are fiercely competing for top artificial intelligence (AI) talent, offering premium salaries to attract experienced AI professionals. Last week, Google CEO Sundar Pichai brushed off concerns about the company’s ability to attract and keep top AI talent. Speaking during the tech giant’s second quarter…

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SA firms bleeding cash on neglected IT assets

SA firms bleeding cash on neglected IT assets

Johnathan Bass, managing director of NetTrace. South African businesses are working hard to maximise the return on their technology investments. However, while the initial procurement and deployment of new IT assets may receive significant attention, the ongoing management and optimisation of these assets is frequently misunderstood and often neglected. For governance, risk and compliance leaders,…

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Samsung to support black-owned ICT firms under EEIP

Samsung to support black-owned ICT firms under EEIP

This is the third edition of Samsung’s Equity Equivalent Investment Programme. Samsung and the Department of Trade, Industry and Competition (DTIC) have opened applications for the third edition of the Equity Equivalent Investment Programme (EEIP), inviting black-owned ICT and service centre SMEs across South Africa to apply. The South Korean-based electronics giant says the R280…

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Africa: Tech Firms Launch Joint Venture for African AI Development

Africa: Revealed – Trump-Linked Firms Cash in On Mineral Lobbying Deals As Us Cuts Aid

Pakistan, Somalia and Haiti are among 11 countries that have signed lobbying deals with Trump-linked figures, with many bartering key resources including minerals in exchange for humanitarian or military support Some of the world’s lowest-income and most aid-dependent nations are paying millions to lobbyists with ties to US President Donald Trump as the country halts…

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Africa: Tech Firms Launch Joint Venture for African AI Development

Africa: Mediterrania Capital Closes $686m Fund to Back African Mid-Cap Firms

TLDR Mediterrania Capital Partners (MCP) has announced the final close of its fourth investment vehicle, raising €600 million ($686 million) The Malta-based private equity firm will use the capital to support mid-cap and SME businesses across North and West Africa The fund targets sectors with strong growth potential, including healthcare, financial services, FMCG, logistics, education,…

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