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.
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.
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.
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.
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.