Oracle to Establish Two Cloud Regions in Morocco

Oracle, renowned for its database management systems and cloud solutions, has announced plans to establish two Oracle Cloud Regions in Morocco. This major development aims to provide enterprise cloud services to local and regional organisations throughout Africa, enabling Oracle customers and partners to transition mission-critical workloads from their data centres to Oracle Cloud Infrastructure (OCI).

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Glovo, Siltech Partner for EV Bikes in Nigeria

Glovo has partnered with EV manufacturer Siltech to utilize its electric vehicle products and services for deliveries in select areas of Lagos, Nigeria. This strategic partnership aims to reduce costs associated with petrol and maintenance for internal combustion engine motorcycles, positioning Glovo at the forefront of sustainable delivery solutions.

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European Investment Bank Invests Sh3.5B in Amethis

The European Investment Bank (EIB) has announced a significant investment of €25 million (Sh3.5 billion) in Amethis Fund III. This pan-African fund aims to provide private equity growth capital to medium-sized enterprises across the continent, including in Kenya. The EIB’s investment underscores its commitment to fostering economic development and supporting businesses that drive sustainable growth in Africa.

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Rwanda will Host the World’s Largest Internet Forum

Rwanda is set to host the 80th public meeting of the Internet Corporation for Assigned Names and Numbers (ICANN), marking the first ICANN meeting to be held in East Africa. Organized in collaboration with Rwanda’s Ministry of Information and Communication Technology (ICT) and Innovation, the event will take place at the Kigali Convention Centre from June 10th to 13th.

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