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French President Emmanuel Macron has formally announced at a technology conference in Paris that it will invest €65m into technology-based startups in Africa. The charismatic French leader made the declaration at the third edition of the Viva-Tech trade fair which attracts some of the world's leading innovators, investors and entrepreneurs.
French telecommunications operator Orange has announced it has agreed to partner with US technology colossus Google, in an effort to explore opportunities to fund and potentially acquire start-ups in Europe, Africa and the Middle East.
Luxembourg-based satellite company Intelsat recently announced a managed services solution that will provide 2G services in remote locations of Africa. The solution leverages contributions of services provider BCom and technology provider Newtec for core components of the solution.
Middle East organizations are adopting the latest Internet of Things (IoT) technology infrastructure to drive the wider region's US$ 8 billion market, SAP said.
Dr. Tarig Enaya, Senior Vice President of the STC Enterprise Business Unit has revealed that smart cities-associated technology investments that will take place in the next four years worldwide will reach USD 158 billion by 2022 in accordance with the IDC Report. The figure is expected to reach USD 2.7 billion (SAR 10.125 billion) in the Middle East and Africa.