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Tag: IDC

Companies

ArcelorMittal South Africa Nears Funding Deal to Preserve Crucial Steel Mills

March 19, 2025March 19, 2025 - by Sofia Nawab - Leave a Comment

South Africa is nearing a funding agreement for ArcelorMittal SA to ensure its steel mills remain operational. The government plans to provide 500 million rand to support workers and explore …

ArcelorMittal South Africa Nears Funding Deal to Preserve Crucial Steel Mills Read More
Business / economics / Technology

Microsoft’s R5.4 Billion Investment: Implications for South Africa

March 9, 2025March 9, 2025 - by Liam Nguyen - Leave a Comment

Microsoft announced a R5.4 billion investment in AI and cloud infrastructure in South Africa, aimed at enhancing local economic growth and enabling innovation. President Cyril Ramaphosa and industry experts recognize …

Microsoft’s R5.4 Billion Investment: Implications for South Africa Read More
Technology

Honor to Invest $10 Billion in AI Development Over Five Years

March 3, 2025March 3, 2025 - by Carmen Mendez - Leave a Comment

Chinese smartphone manufacturer Honor is set to invest $10 billion in AI technology over the next five years, as part of a strategy to expand beyond smartphones. This investment, announced …

Honor to Invest $10 Billion in AI Development Over Five Years Read More
Technology

Honor’s $10 Billion AI Investment Marks a New Era for Chinese Technology

March 2, 2025March 2, 2025 - by Carmen Mendez - Leave a Comment

Honor, the Chinese smartphone maker, has announced a $10 billion investment in AI devices over the next five years, targeting a broader range of AI-powered products. This move comes as …

Honor’s $10 Billion AI Investment Marks a New Era for Chinese Technology Read More
Technology

Mahindra Signs MoU to Establish New Vehicle Assembly Plant in South Africa

February 28, 2025February 28, 2025 - by Sofia Nawab - Leave a Comment

Mahindra has signed an MoU with South Africa’s IDC to explore setting up a new vehicle assembly plant. As one of its fastest-growing markets, South Africa plays a crucial role …

Mahindra Signs MoU to Establish New Vehicle Assembly Plant in South Africa Read More
Climate change

Nigeria Hosts Global Summit to Safeguard Submarine Cable Infrastructure

February 28, 2025February 28, 2025 - by Liam Nguyen - Leave a Comment

Nigeria recently hosted a high-level summit focused on the protection and resilience of submarine telecommunications cables amid rising global geopolitical tensions and concerns over sabotage. Government officials and industry leaders …

Nigeria Hosts Global Summit to Safeguard Submarine Cable Infrastructure Read More
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Global news

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  • Peace agreement signing ceremony with symbolic doves and olive branches against a peaceful backdrop in Doha.
    Democratic Republic of the Congo Signs Peace Agreement with M23 Rebel Movement

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