UAE-based Open Innovation AI has partnered with data infrastructure company NetApp to explore sovereign AI infrastructure for governments, enterprises, and neocloud providers.
Commercial International Bank (CIB) has committed up to EGP 2 billion ($42.5 million) to MNT-Halan as part of the fintech’s planned international share sale.
Nigeria currently hosts around 20 co-location data centers, mainly concentrated in Lagos, with the market led by Rack Center, Africa Data Centers, MDXi (Equinix), and MTN, which together account for more than 70% of the country's IT power capacity.
Nigerian geospatial technology startup Milsat has helped power Nigeria’s new digital postcode system after mapping more than 65 million properties nationwide as part of preparations for the country’s first digital census.
UAE-based payments company NEOPAY has agreed to acquire a 65% controlling stake in Noon payments, expanding its footprint across key Middle East and North African markets.
In 2009, Britain's venture capital market began producing some of the country's biggest technology companies, creating new billion-pound businesses and attracting billions of pounds in private investment. But for Black founders, very little of that capital made it through.
San Francisco-based AI Semiconductor startup Volantis has raised $88 million to develop a photonic memory layer designed to address memory and data-movement problems in next-generation AI systems.
UK-based fintech Zilch is targeting a London IPO in 2027 after reporting a 79% plunge in losses and revenue approaching £110 million, strengthening the UK fintech’s case for a public listing.
Global venture capital firm Headline has closed its eighth European early-stage fund at $400 million, targeting Seed and Series A startups as investor appetite for artificial intelligence increases across the continent
London-based spacetech startup Foundational has raised £8.2 million in pre-seed funding as it emerges from stealth, targeting the growing need for more precise satellite positioning in orbit.
Britain has produced hundreds of technology companies valued at more than $1 billion, but very few have been founded by Black entrepreneurs. That scarcity is what makes the stories of Zepz and Marshmallow significant, well beyond the valuations attached to them.
Citi has become the first bank to launch multi-market instant payments through the SWIFT payments scheme, giving financial institutions access to real-time cross-border transfers through a single account structure.
