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Indermit Gill’s Parting Thoughts as He Exits the World Bank
Outgoing World Bank chief economist talks debt and discord, while Germany slashes development aid and low- and middle-income countries search for bankable climate solutions.
- Categories
- Education, Energy, Environment, Finance, Health Care, Investing, Technology, WASH
- Region
- Global
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Nigeria Approves NIGCOMSAT-2A, 2B Satellites to Boost Broadband and Digital Sovereignty
The satellites are expected to expand Nigeria’s satellite capacity, improve broadband connectivity and reduce the country’s reliance on foreign satellite infrastructure.
- Categories
- Technology, Telecommunications
- Region
- Sub-Saharan Africa
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Vox, Frogfoot Raise $900 Million to Expand Broadband to 360,000 South African Homes Yearly
According to a Bloomberg report on Monday, the companies, which are units of the Johannesburg-based Vivica Group, raised R8.4 billion in equity funding and R6 billion in debt.
- Categories
- Technology, Telecommunications
- Region
- Sub-Saharan Africa
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Sun Mobility Launches Battery Swapping Network in Kenya
SUN Mobility's Kenya launch builds on a platform already proven in India, where more than 125,000 vehicles run on over 2,000 stations across 25 cities, supported by more than 30 vehicle manufacturer partners.
- Categories
- Technology, Transportation
- Region
- Sub-Saharan Africa
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ATEC Receives a Letter of Authorisation From the Bangladesh Government to Generate Article 6.2 Carbon Credits
The LOA formalises the Bangladesh government's approval for the international transfer of generated ITMOs, making ATEC the first clean cooking developer to receive an LOA in Bangladesh.
- Categories
- Environment, Technology
- Region
- Asia Pacific
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Analysis: Growth Without Work: The Human Cost of the AI Revolution
'In an excerpt from his book “The New Divide: Power, Control & the Cost of AI,” writer Jibu Elias examines the technology’s impact on jobs.'
- Categories
- Technology
- Region
- Asia Pacific
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Financing AI Transformation in LMICs: What Multilateral Development Banks Must Do Differently
Multilateral development banks have spent the last decade building the foundations of digital economies across low- and middle-income countries (LMICs), and the broadband networks, digital ID systems and other priorities they've financed are helping to make AI deployments in these markets possible. But as Kunal Walia at Dalberg Advisors explains, this funding often goes toward piloting individual use cases, expanding digital infrastructure or creating an enabling environment, rather than uniting these different components into holistic AI systems that aim to scale. He argues that multilateral development banks must rethink their approach to ensure that the infrastructure they've helped build can actually enable AI transformation.
- Categories
- Investing, Technology
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SolarAid Appoints Nick Pearson as Chief Executive Officer
Nick joins SolarAid at an exciting point in our journey as we continue working towards a future where everyone, everywhere has access to affordable, reliable and sustainable energy.
- Categories
- Energy, Technology
- Region
- Global
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