Microsoft and G42 Announce $1 Billion AI and Cloud Initiative in East Africa

WASHINGTON, Might 24, 2024 — Microsoft Corp. and G42 on Wednesday introduced a complete package deal of digital investments in Kenya, as a part of an initiative with the Republic of Kenya’s Ministry of Data, Communications and the Digital Economic system. In collaboration with Microsoft and different stakeholders, G42 will lead the association of an preliminary…

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IFC, Absa Group announce $60M commerce finance facility for Volcafe to assist 75,000 East African espresso farmers

Worldwide Finance Company (IFC), a member of the World Financial institution Group, and Absa Group Restricted, a South African-based financial institution, will present an as much as US$60 million commodity commerce finance facility to Volcafe, a number one world inexperienced espresso service provider, to strengthen the corporate’s operations in East Africa, supporting tens of 1000’s…

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