News & Events
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Australia to help fund two data centers in Vanuatu island
In a move to bolster its security ties with Vanuatu, a Pacific Island nation, Australia is set to provide AU$120 million (US$79 million) for the development of two data centres in the capital of Port Vila and on the island of Santo. This funding is part of a broader “Nakamal Agreement” between the two countries, under which Australia will invest a total of AU$500 million (US$330 million) in various projects over the next decade.
The data centre initiative aims to strengthen Vanuatu’s digital infrastructure and connectivity, following the country’s recent rollout of 5G coverage. The agreement also covers areas such as climate resilience, key infrastructure, security support, and economic development. This investment comes as Australia seeks to solidify its position as a security partner for Vanuatu, following a previous agreement that was scrapped in 2022. The move is seen as a response to China’s efforts to court the island nation.
Read the original article here: https://www.datacenterdynamics.com/en/news/australia-to-help-fund-two-data-centers-in-vanuatu-island/
New Tanzanian fintech firm launches digital payment services in Tanzania
Stakaba Technologies, a Tanzanian fintech company, has launched a suite of digital payment services to boost financial inclusion and support Tanzania’s transition to a cashless economy. Founded by entrepreneur Philip Mchau, the platform offers secure digital payments, agency banking, card issuance, bill payments, e-commerce integration, and remittance solutions.
Stakaba aims to empower all Tanzanians, from urban vendors to rural farmers, by connecting them to modern financial systems. With over 50 million registered mobile money accounts and annual transactions exceeding Sh100 trillion, the company plans to onboard 30,000 agents and merchants by 2027, positioning itself as a key player in East Africa’s digital transformation.
Despite Tanzania’s growing digital finance landscape, about 60% of the population remains underserved by formal banking. Stakaba’s launch addresses this gap, providing financial tools and opportunities for empowerment, dignity, and inclusive economic growth across the country.
Read the original article here: https://www.msn.com/en-xl/money/other/new-tanzanian-fintech-firm-launches-digital-payment-services-in-tanzania/ar-AA1KLn6w?ocid=BingNewsVerp
United Kingdom (UK) boosts African mining investments in lead-up to African Mining Week (AMW) 2025
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