Feeds

World Bank, Intel pump dosh into developing world's IT

Kickstart for broadband and data centres

Top 5 reasons to deploy VMware with Tegile

Intel is teaming up with the World Bank to work on joint IT investments in developing countries.

The World Bank's private-sector lender – the International Finance Corporation – and Intel Capital – Intel's global investment organisation – will be handing out cash together "to accelerate innovation and nurture entrepreneurship in developing countries", the IFC said in a canned statement.

Most of the investments will be into broadband infrastructure, datacentres and IT services, the IFC said, and will concentrate on firms in Africa and other places where the tech sector is underdeveloped.

The IFC has already invested over $3bn in 115 telco and IT projects in developing countries since 2003.

"These investments give local populations access to the latest technologies, best practices and wider markets, and increase the efficiency of operations," the lender said.

It's not the first time the IFC has worked with Intel Capital. The two already have investments in tech companies including De Novo, a datacentre company in Ukraine, Yandex.ru, which accounts for over 60 per cent of Russia's web searches and SONDA, one of Chile's largest technology integrators.

Recently, they also gave $12m in equity financing to Altobridge, a firm that uses solar power and satellite-connected mobile base stations to provide telecoms services to remote communities. Altobridge counts regions like Iraq, Indonesia, the Solomon Islands and Tonga among its customers. ®

Internet Security Threat Report 2014

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Internet Security Threat Report 2014
An overview and analysis of the year in global threat activity: identify, analyze, and provide commentary on emerging trends in the dynamic threat landscape.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.