Browsing Tag

infrastructure

Trump Unveils $500 Billion ‘Stargate’ Initiative to Enhance AI Infrastructure

In a shocking twist that has everyone talking from tech behemoths to your savvy aunt who just got the hang of her smartphone, US President Donald Trump unveiled a jaw-dropping $500 billion partnership with Oracle, Japan's SoftBank, and OpenAI, the brain behind ChatGPT, aimed at propelling artificial intelligence infrastructure into the stratosphere. Picture this: the President alongside SoftBank's charismatic CEO Masayoshi Son, OpenAI's innovative head Sam Altman, and Oracle's tech visionary Larry Ellison, sharing grins and…

Russia Launches ‘Significant’ Aerial Assault on Ukraine’s Energy Infrastructure

"In Mykolaiv, Ukraine, November 17, 2024, a firefighter is in the thick of a catastrophic scene—another grim chapter in Russia's ongoing assault on Ukraine, marked by a residential house engulfed in turmoil after a drone strike," reported via a handout from the State Emergency Service of Ukraine, circulated by REUTERS. It's crucial to comprehend the relentless nature of the conflict to grasp the physical and psychological toll it is taking on the population. Russia launched a substantial offensive, the fiercest in nearly…

Somalia Collaborates with Abu Dhabi Ports Group to Revamp Fisheries and Port Infrastructure

Mogadishu (AX) — Somalia’s Ministry of Fisheries and Blue Economy has inked a transformative pact with Abu Dhabi PORTS Group, aiming to revolutionize the nation's fisheries and port infrastructures. This move is hoped to bolster both stability and economic growth along Somalia’s coastline, which has been marred by decades of turmoil. Approved by Somalia’s Council of Ministers, this memorandum of understanding (MoU) sets forth a visionary plan to revamp fishing facilities, upgrade ports, and initiate training programs to arm…

Infrastructure Issues Compel Dekedaha SC to Host Both CAF Champions League Matches in Tunisia

Infrastructure Woes Push Dekedaha SC to Play Both CAF Champions League Legs in Tunisia The decision to host both fixtures in Tunisia—home to one of Africa's most fervent football fanbases—paints a stark picture of the challenges plaguing Somali football. Limited by financial woes and subpar facilities, teams like Dekedaha look outward for venues, with their historic win over AS Arta coming at Tanzania's Azam Sports Complex—a neutral ground. This inability to host matches on home turf due to inadequate stadiums underscores…

China Commits $51 Billion to Africa, Vowing Employment Opportunities, Infrastructure Development, and Sustainable Energy Solutions

China Commits $51 Billion to Africa: A Pledge for Jobs, Infrastructure, and Sustainable Energy In a significant address to representatives from over fifty African nations, Xi Jinping declared, "We have built roads, railways, schools, and hospitals together, transforming countless lives." This statement underscores China's determination to forge a "shared future" with Africa while advancing development across the Global South. Chinese state media reports that the colossal $51 billion commitment includes about $29.6 billion…

Somalia mentioned to make use of debt aid to restore well being infrastructure

MOGADISHU, Somalia - The Federal Republic of Somalia should use debt relief to repair dilapidated health infrastructure, suggests a report compiled by Amnesty International, as the country now struggles to contain the Covid-19 situation. The report was titled 'We Just Watched Covid-19 Patients Die' - Covid-19 Exposed Somalia's Weak Health System, But Debt Relief Can Transform It, Shows How Covid-19 Revealed a series of pre-existing weaknesses in Somalia's health system. At least more than 40 people were interviewed,…

In West Africa, the state of infrastructure

On Tuesday, April 13, a fire broke out in a Nigerian school in Niamey. About twenty children were killed. This event raises questions about the state of schools in West Africa. In Burkina Faso, Mali and Benin, teachers are concerned about student safety. Schools in poor condition, François Yaméogo sees them every day. He…

Cemac has found EUR 3.8 billion in investments for its infrastructure

EUR 3.4 billion to add to the 600 million already acquired, this is the amount that the economic and monetary community of Central African countries came to Paris to seek from potential public and private creditors, during a round table two days. Cemac received 3.8 billion. The least developed sub-region on the African…

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