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technology

IFC commits $100 million to African data center

The International Finance Corporation (IFC), a member of the World Bank Group, has signed an agreement for $100 million in financing to Raxio Group, a Sub-Saharan African data center platform. The funding will accelerate Raxio’s expansion of facilities powering key technologies like AI, cloud computing and digital financial services – critical enablers of Africa’s economic …

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PEUGEOT designs future driving pleasure with Hypersquare

PEUGEOT, a major player in technological innovation, electrifies VivaTech with its bold concept car INCEPTION, ushering in a new era of electric mobility. On its stand, PEUGEOT presents its vision of the future embodied by the revolutionary Hypersquare steering control– the innovation that redefines the driving experience of tomorrow. Building on over 200 years of …

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Applied AI start-ups dominate 2024 technology pioneers list

The World Economic Forum announces today the 2024 cohort of Technology Pioneers that is dominated by applied AI and cutting-edge technology start-ups. The select group of 100 leading tech start-ups are focused on applying new breakthroughs in AI to develop clean energy solutions, healthcare innovation and progress in biotech, space and neurotechnology. These companies will …

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U.S. earth observation scientist lectures in Ethiopia

Space science is a driving force for human advancement, offering profound benefits that include technological advancement, scientific knowledge, economic benefits, environmental monitoring, and humanities long term survival. To engage stakeholders and share U.S. expertise in space science, the U.S. Embassy in Ethiopia brought Dr. Kate Fickas, Director of Imagery and Remote Sensing Solutions at Esri, …

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Why USSD mobile banking is viable solution for Africa

With its innovative Engagement Banking Platform (EBP), Backbase has been engaged in providing its services to sure financial institutions deliver seamless and personalized experiences to today’s customers. For 20 years, the Dutch company headquartered in Amsterdam been empowering banks and credit unions to drive the future of banking. With 12 offices worldwide and a strong …

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U.S. Embassy supports new media center at Addis Ababa University

Supported by the U.S. Embassy, the new Media and Technology Center at Addis Ababa University’s (AAU) School of Journalism and Communications will bridge classroom instruction with the practical application of journalism by offering hands-on experience. The center is part of the final phase of a $500,000 grant awarded to the university. The United States Ambassador …

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