Yokogawa Electric Corporation based in Tokyo has invested an undisclosed amount in the equity round of Waylay, an IT firm offering digital unification software in Belgium, to expand services in digital technologies. * The investment will enable the scaling of Yokogawa's cloud portfolio of applications and improve the market reach of
The multiple award-winning company is advancing the culture of innovation in Nigeria.
Enterprise IT spending across the Middle East, Turkey, and Africa (META) region will see strong year-on-year growth of 7% in 2022 to cross the $40.2 billion mark, according to the latest projections by International Data Corporation (IDC). Here are the key highlights: * Spending on telecommunications to increase 3.2%
According to a recent economic impact assessment, Equiano is expected to result in faster internet speeds, improved user experience, and lower internet prices.
Google says it will land its high-capacity Equiano submarine cable system in Namibia by May 2022 and in Cape Town, South Africa by June 2022. * Openserve, a division of telecom giant Telkom, will offer terrestrial services connecting the Equiano cable, which will connect South Africa and Portugal (with onward connections
Quantum technology could add $310 billion to the Indian economy by 2030, according to a new report from Nasscom. The report notes that sectors such as manufacturing, high-tech, banking, and defense would lead the charge in adopting quantum technologies for critical and large-scale use cases. Some of the Indian-based technology
U.S.-based digital infrastructure company Equinix has announced its acquisition of MainOne, a leading West African data center and connectivity solutions provider, with a presence in Nigeria, Ghana, and Côte d'Ivoire. The deal, expected to close around the first quarter of 2022, and subject to regulatory approvals has an
U.K.-based Actis, a leading investor of private capital into global emerging markets, has launched a $250 million pan-African data centre platform, with the acquisition of Rack Centre, Nigeria’s leading, independent, co-location business. Established in 2013 by Jagal, a Nigerian conglomerate that operates leading energy businesses and manages
Banking software company, Temenos has announced that Assaray Trade and Investment Bank (ATIB), one of the most structured and advanced banks in Libya, delivering financial services to more than 50,000 customers, has selected its solutions to power the digital transformation of the bank. According to a statement, ATIB selected