World Bank pledges $100m to accelerate Zambia’s digital transformation
The World Bank has pledged US$100 million in digital infrastructure investment to bolster Zambia's digital landscape. The package is part of the Digital Zambia Acceleration Project (DZAP) announced by Wengcai Zhang, the Managing Director and Chief Administration Officer of the World Bank. “...
July 27
Digital 9 Infrastructure restructures leadership team amidst tumultuous Annual General Meeting
At Digital 9 Infrastructure's (LON: DGI9) recent Annual General Meeting (AGM), the Jersey-based investment trust found itself grappling with a leadership crisis. The discord began on June 13th, when shareholders exercised their voting rights to unseat Aaron Le Cornu from the data centre and internet infrastructure investment trust's directorial ranks. This development wa...
July 27
Merlin Properties to raise up to 94 million new shares for data centres
Spanish real estate group Merlin Properties Socimi SA has announced its intention to conduct an accelerated bookbuilding process, issuing approximately 94 million new shares, representing 20% of its existing share capital. The capital-raising would be targeted at financing the construction and operation of data processing facilities. According to Bloomberg, Merlin Proper...
July 26
VEON’s Pakistan operator Jazz secures $270m credit facility for digital infrastructure expansion
VEON Ltd. (NASDAQ, Euronext Amsterdam: VEON) subsidiary Jazz has secured Pakistan’s largest long-term private sector syndicated credit facility of up to PKR 75 billion (c. US$270 million). The 10-year financing arrangement will be used to build up Jazz’s 4G connectivity and digital services used by millions of consumers and enterprises. The banking consortium was led...
July 26
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