Indian short video platform attracts big backing from Google
Google has backed India's ShareChat social media platform in a major funding round that implies a $5 billion valuation of the company – up from a previous valuation of $3.7 billion.
Safaricom plans to raise more funds for Ethiopian operation
Leading Kenyan operator Safaricom is reportedly planning to raise up to $2 billion from local banks and development finance institutions over the next five years to fund its new Safaricom Ethiopia operation. Part of the proposed funding will also be raised internally and through rental financing from equipment vendors.
New entrant plans big investment in Indonesian data centre sector
A deal that has the potential to be one of the largest foreign investments in the data centre sector in Indonesia, carrying an estimated enterprise value of US$300 million, has just been announced.
India attracts semiconductor investment
International semiconductor consortium ISMC, a joint venture between Abu Dhabi-based fund manager Next Orbit Ventures and Israel's Tower Semiconductor, a leading foundry in high-value analogue semiconductor solutions, reportedly plans to invest $3 billion in India's southern Karnataka state to set up a chip-making plant.
Vodacom Tanzania signs deal to use government infrastructure
Operator Vodacom Tanzania has reportedly signed a contract with the country’s National ICT Broadband Backbone (NICTBB) – the government-owned fibre optic cable infrastructure system.
