Lesotho has secured the largest foreign direct investment (FDI) in its history after signing a landmark $6.2 billion (M100 billion) agreement for the Kobong Project, a transformative initiative that will combine large-scale renewable energy generation with an artificial intelligence (AI) data centre. Backed by New York-based renewable energy developer Convalt Energy, the project will integrate…
Egypt has been elected to chair both the Artificial Intelligence (AI) Governance Working Group and the Quantum Computing Working Group under the Arab Permanent Committee for AI and Emerging Technologies, reinforcing its leadership in shaping regional policies on advanced technologies. The appointments were confirmed during the committee’s second founding meeting held in Tunisia, where representatives…
Emirates NBD has agreed to acquire HSBC Egypt’s retail banking business through its wholly owned subsidiary, Emirates NBD Egypt, expanding its presence in one of Africa’s largest banking markets. The transaction includes HSBC Egypt’s retail banking portfolio, branch and ATM network, customer base and relevant employees. While the financial terms were not disclosed, HSBC said…
South Africa’s government has appointed Seiso Mohai as the new Chairman of the Public Investment Corporation (PIC), the state-owned asset manager overseeing approximately R3.6 trillion (US$220 billion) in assets, as authorities move to restore stability and strengthen governance following recent leadership turmoil. The appointment was announced by Minister in the Presidency Khumbudzo Ntshavheni after David…
Vodafone Group has completed the £4.3 billion (€4.9 billion) acquisition of CK Hutchison Group Telecom Holding’s remaining 49% stake in VodafoneThree, taking full ownership of the UK telecommunications company. The transaction makes Vodafone the sole owner of VodafoneThree, the UK’s largest mobile operator and one of its fastest-growing broadband providers. The acquisition was fully funded…
MTN South Africa has celebrated the graduation of 80 young people from the Western Cape who successfully completed its Digital Skills for Digital Jobs (DS4DJ) programme, earning accredited qualifications in Data Analytics, Systems Development and Cybersecurity. The graduates were selected from a competitive pool of 623 applicants and received industry-focused training designed to improve employability…
Morocco’s telecommunications operator inwi has partnered with Huawei to commercially deploy a dual-band 1.8 GHz + 2.1 GHz 8T8R mobile network solution across the country’s major highways and high-speed railway corridors, strengthening connectivity for travelers and supporting Morocco’s digital infrastructure ambitions. The deployment uses Huawei’s HyperBeamforming technology, which the companies say delivers a 13 dB…
Visa Expands Digital Payment Infrastructure Across Africa Through Visa Pay SDK Visa is expanding its Visa Pay platform across Africa, enabling more banks, mobile money operators and fintech companies to integrate digital payment services directly into their existing mobile applications. Through the Visa Pay software development kit (SDK), issuers can embed virtual cards and digital…
