Infrastructure - eriinfo

Africa

Africa: Lamola Calls for South Africa-Zimbabwe Ties to Deliver Jobs, Investment and Infrastructure

eriinfo.com20 hours ago09 mins

South Africa and Zimbabwe must move beyond their strong historical and political ties and translate their bilateral relationship into tangible economic opportunities, including investment, trade, jobs, infrastructure and improved livelihoods. This was a message delivered by International Relations and Cooperation Minister Ronald Lamola, on Thursday, at the opening of the Ministerial Meeting segment of the…

Africa

Africa50 Secures $50m From European Dfis for Green Infrastructure Fund

eriinfo.com1 week ago05 mins

Africa50 secured $50 million in commitments from two development finance institutions for a fund designed to prepare climate infrastructure projects for investment across Africa. Italy’s Cassa Depositi e Prestiti committed $40 million to the Alliance for Green Infrastructure in Africa Project Development Fund, while France’s Proparco committed $10 million. The AGIA-PD fund provides early-stage capital…

Crypto’s infrastructure era arrives, with AI agents poised to reshape demand

eriinfo.com2 weeks ago010 mins

For years, the crypto industry’s biggest challenge has been finding users beyond traders. Now, some of its largest companies think they’ve found them in AI agents. Although speculation still underpins much of crypto’s business, companies are trying to build a second growth engine by turning agents into users of crypto wallets, stablecoins and payment networks….

Meta burns 91% of cash reserves on costly AI infrastructure

eriinfo.com2 weeks ago04 mins

Meta Platforms reported a staggering 91% drop in second-quarter free cash flow to $784 million, down from $8.55 billion a year earlier, as the financial burden of its massive artificial intelligence buildout mounts. The cash flow collapse, marking Meta’s lowest level since late 2022 when its Reality Labs division faced heavy scrutiny over $80 billion…

Africa

Africa: Why Africa’s Next Growth Story Will Be Built On Intelligence Infrastructure

eriinfo.com3 weeks ago012 mins

Nairobi — Artificial intelligence has captured the world’s imagination. Every week brings another breakthrough model, AI assistant or prediction that technology will fundamentally reshape howwe live and work. Yet beneath the excitement lies a more important question: what makesartifi cial intelligence valuable at scale? The answer is not simply better algorithms or more powerful models….

Africa

Africa: Onafriq Partners With Privy to Build Regulated Stablecoin Infrastructure for B2bs Across Africa

eriinfo.com3 weeks ago04 mins

Onafriq, Africa’s largest payments network, has partnered with leading stablecoin infrastructure provider, Privy, to strengthen its digital asset infrastructure and drive the development of stablecoin-enabled payment services for businesses across its network. The partnership will enable Onafriq to create and manage embedded digital asset solutions for its partners and, in time, institutional clients where regulation…

Africa

Africa: Greenpath Africa Targets Talent Infrastructure to Power AfDB’s Mission 300

eriinfo.com4 weeks ago03 mins

As the energy landscape faces a profound workforce paradox, GreenPath Africa said it targeted talent infrastructure to power African Development Bank’s (AfDB) Mission 300 in the continent. According to rapport, the continent possesses 60 per cent of the world’s best renewable energy resources, yet it currently accounts for only two per cent of global jobs…

NetApp Acquires DataPelago, Making Data AI-Ready at the Infrastructure Layer

eriinfo.com1 month ago09 mins

NetApp® (NASDAQ: NTAP), the Intelligent Data Infrastructure company, today announced it has acquired DataPelago, a California-based AI data infrastructure company recognized for its innovative approach to eliminating data processing bottlenecks for AI and analytics workloads. The acquisition marks a foundational expansion of NetApp’s portfolio, enabling GPU-accelerated data processing aligned directly with the storage layer. With…

Africa

Africa: Ports Are Not Just Infrastructure – What Tema Reveals About Development in Africa

eriinfo.com2 months ago012 mins

Across Africa, large-scale infrastructure projects are transforming economies at an unprecedented pace. Between 2010 and 2022, African ports captured an outsized share of global port investment – $13 billion, concentrated heavily in the Democratic Republic of Congo, Nigeria, Senegal, and Ghana. Ports, railways and energy systems are widely framed as the backbone of this growth:…

Mature digital twins can streamline mega infrastructure projects

eriinfo.com2 months ago08 mins

Johan Potgieter, cluster industrial software lead at Schneider Electric. Digital twin technology has evolved from a static design visualisation tool into a full life cycle asset intelligence platform, according to technology professionals, who say the technology can help reduce delays and cost overruns on major infrastructure projects. Major capital works such as transport corridors, water…