CrypticTechZone

    Google has announced a $2 billion investment in Malaysia to establish its first data centre and cloud region in Southeast Asia. “This investment is not just about infrastructure; it’s about unlocking new possibilities for businesses, educators, and every Malaysian,” stated Farhan S Qureshi, country director for Google Malaysia, in a blog post on Thursday. The new data centre will support Google services such as Google Search and Google Maps and will facilitate the delivery of AI capabilities across Malaysia. The Google Cloud region will offer high-performance, low-latency cloud services to enterprises, startups, and public sector organisations, ensuring high security and compliance standards. Malaysian Prime Minister Anwar Ibrahim highlighted that the investment is projected to contribute $3.2 billion to the country’s economy and create 26,500 jobs by 2030. “This investment underscores the Government’s strategic planning and Malaysia’s econo...

      Kuda Technologies , a prominent fintech company operating in Nigeria and the United Kingdom, has raised close to $100 million in funding over the past five years. This achievement was announced by CEO Babs Ogundeyi during a panel session at the GITEX Africa conference in Morocco. The GITEX Africa 2024 technology fair, held from May 29 to 31 in Marrakech, gathered over 1,500 exhibitors from 130 countries, including nearly 700 startups. During the event, Ogundeyi discussed Kuda’s growth and the difficulties African fintech startups face in attracting foreign investment. “We launched in Nigeria in August 2019 and have raised close to $100 million within that period,” Ogundeyi stated during the panel session titled “Beyond the Starting Lane: Navigating Advanced Funding.” The session also included insights from Sacha Michaud, co-founder of Glovo in Spain; Yassine Oussaifi, partner at Africinvest Tunisia; and Katlego Maphai, CEO of Yoco South Africa. ...