Via IT Web, a report on Amazon’s plans to invest in Africa’s technology future: As Amazon Web Services (AWS), headquartered in the US, celebrates its 20th anniversary in Africa, the business underlined its commitment to extending its Cloud and Artificial Intelligence services in the region, with an additional $1.7 billion investment budget slated to be […]
Read more »Via Foreign Policy, commentary on how new centers of power are emerging as a new generation in the global south looks beyond Washington and former European colonizers (adapted from Westlessness: The Great Global Rebalancing by Samir Puri (Hodder & Stoughton, 448 pp., €28.99, July 2024): They came from different sides of the world and were meeting […]
Read more »Courtesy of The Economist, a look at the shift towards green investment in Africa: Over the past few years there has been a sharp slowdown in venture-capital funding worldwide. Africa is less than 5% of the global market by deal value but has proved to be relatively insulated; total deal value peaked later, at $6.5bn in […]
Read more »Courtesy of The Financial Times, a report on the foreign powers competing to win influence in Africa: Many of Africa’s leaders will descend on Beijing next month for the latest three-yearly summit with China. For leaders from the continent, these collective jamborees have become a familiar part of global summitry — and not just with […]
Read more »Axios has launched a rival to The Economist’s Big Mac Index, looking at where you get the most xiaolongbao for $10. Their soup dumpling index aligns “surprisingly closely” with The Economist’s original offering, which was invented in 1986 as a lighthearted guide to whether currencies are at their “correct” level. Data: Axios research; Chart: Danielle […]
Read more »Via Bloomberg, a report on the Professional Fighters League plans to host its first African competition next year: The Professional Fighters League will hold its first African competition next year, with Nigeria set to be a key venue in the latest expansion for the Mixed Martial Arts company that’s now valued at about $1 billion, […]
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