Nvidia has signalled a massive escalation in its market expectations, projecting that the revenue opportunity for its AI hardware could reach at least $1 trillion through 2027. This ambitious forecast, delivered by CEO Jensen Huang at the annual GTC developer conference in San Jose, highlights a strategic shift toward “inference computing”, the process of running…
Cairo — African Export-Import Bank (Afreximbank) is pleased to launch the second season of its documentary series, Impact Stories. Building on the success of the inaugural season, the new collection of six films expands the series’ geographic scope to capture the Bank’s growing footprint across Global Africa, featuring stories from the Caribbean and Africa. Produced…
Bentol, Montserrado County — FACE Africa, a Liberia and U.S.-based nonprofit organization, has completed and dedicated 71 new household latrines, one hand pump and one solar-powered water tower in rural Bentol City, Montserrado County. The day of the ceremony was a vibrant and joyful celebration hosted in Belekpoi Town and included local leadership and WASH…
Netflix’s advertising business has reached a major turning point, more than doubling its revenue to $1.5 billion between 2024 and 2025. During the company’s most recent earnings call, co-CEO Greg Peters expressed high confidence in this trajectory, projecting that ad revenue will “roughly double again” in 2026 to reach approximately $3 billion. This rapid scaling…
Several major renewable energy projects currently under construction will go live this year, according to industry organisation Sapvia. Once operational, these projects will collectively add hundreds of megawatts of new generation capacity to the national grid. This additional capacity is expected to contribute to improved energy security, reduce reliance on fossil-fuel-based generation and support increased…
Dominion Energy’s wind turbines located 27 miles off of Virginia Beach in the Atlantic Ocean on July 17, 2023. Kendall Warner | Virginian Pilot | Getty Images The Trump administration on Monday halted Coastal Virginia Offshore Wind, the largest project of its kind in the U.S., as well as four other projects off the East…
The African Development Bank Group (AfDB) has raised a record $11 billion for the African Development Fund (ADF), which provides low-cost loans to low-income countries to support development projects. This is the largest amount in the Fund’s history, achieved despite cuts in global aid budgets and financial pressures worldwide. The funds, raised from 43 partners…
A view of Oracle’s headquarters in Redwood Shores, California. Justin Sullivan | Getty Images The apprehension investors have surrounding Oracle has spilled over from manifesting in its stock price — which has fallen nearly 50% from its all-time high on Sept. 10 — to affecting its projects. Asset management firm Blue Owl Capital reportedly pulled…
Electricity minister Kgosientsho Ramokgopa Electricity minister Kgosientsho Ramokgopa is upbeat about the energy sector for next year, saying it has moved from a “crisis” to a “catalyst” for economic growth. While announcing the first stage of the Independent Transmission Projects (ITP) programme and the additional preferred bidders under bid window 7 of the renewable energy…
SASSA wants to implement modernisation and digitisation improvements in two provinces. It’s a busy week on National Treasury’s eTenders Portal, with many opportunities for the ICT industry to consider. However, the South African Social Security Agency (SASSA), dominates the issue with six requests focused on modernisation and digitisation improvements in two provinces. The agency’s Western…
