☁️ AWS to invest over a billion dollars to boost cloud, AI in Africa

Plus: Crypto.com taps Standard Chartered to expand global fiat services

Today’s Menu ☕️
☁️ AWS to invest over a billion dollars to boost cloud, AI in Africa
🪙 Crypto.com taps Standard Chartered to expand global fiat services
📱Apple to Implement Price Adjustments for In-App Purchases in Senegal
🤵🏽‍♂️Former MTN Group CEO Sifiso Dabengwa passes on at the age of 66

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☁️ CLOUD SERVICES

AWS to invest over a billion dollars to boost cloud, AI in Africa

As Amazon Web Services (AWS) marks two decades of operations in Africa, the company has reaffirmed its dedication to enhancing Cloud and AI services across the continent. AWS has earmarked an additional $1.7 billion for investment in the region by 2029 to further expand its reach.

Speaking recently at the AWS Summit 2024 in Johannesburg, Chris Erasmus, AWS's country general manager for South Africa, highlighted the growing momentum in Sub-Saharan Africa, citing thousands of AWS customers and a strategic focus on the area. Erasmus also noted that AWS collaborates with over 6,000 partners to drive business value in the region...…....continue reading

🪙 CRYPTOCURRENCY

Crypto.com taps Standard Chartered to expand global fiat services

Singapore-based crypto exchange Crypto.com has unveiled a new retail services business to expand access to U.S. dollars, euros and United Arab Emirates dirham in partnership with Standard Chartered. The global retail services will be managed from Crypto.com's regional hub in Dubai and be available in 90 countries.

The service, which will support “seamless” fiat deposits and withdrawals via the Crypto.com App, will roll out next month beginning with customers in the UAE and expand from there. Standard Chartered Bank is providing the “tailored” banking and payment solutions.…....continue reading

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📱APPS

Apple to Implement Price Adjustments for In-App Purchases in Senegal

Apple has announced that it will be adjusting the prices of in-app purchases on the App Store in three select markets, including Senegal. The price changes will take effect on September 16, 2024.

While Apple has not specified whether the price adjustments will be upward or downward, the introduction of Value Added Tax (VAT) in the affected countries is likely the primary driver for the changes. This suggests that prices are likely to increase.

This development comes as a result of Apple’s ongoing efforts to ensure that its pricing policies reflect local market conditions and regulatory requirements. The company regularly reviews and adjusts its pricing in various regions to account for factors such as currency fluctuations, taxes, and changes in the cost of doing business.......continue reading

🤵🏽‍♂️PEOPLE

Former MTN CEO Sifiso Dabengwa passes on at the age of 66

Former MTN CEO and Eskom chair, Sifiso Dabengwa, passed away on Sunday after battling cancer, as confirmed by his family. Born in Zimbabwe, Dabengwa led MTN from 2011 to 2015, demonstrating visionary leadership and contributing significantly to the telecommunications sector. Besides his executive roles, he was committed to education and believed in the transformative power of technology. Dabengwa, who was among South Africa’s 200 wealthiest individuals based on his holdings in JSE-listed companies, resigned from Eskom due to a disagreement over a tender cancellation. He is survived by his wife, Phuthi Mahanyele-Dabengwa, and four children.

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Rowland Osahon
Innovation Village