Feeds

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

Kickstart for broadband and data centres

The essential guide to IT transformation

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. ®

5 things you didn’t know about cloud backup

More from The Register

next story
Microsoft exits climate denier lobby group
ALEC will have to do without Redmond, it seems
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Kate Bush: Don't make me HAVE CONTACT with your iPHONE
Can't face sea of wobbling fondle implements. What happened to lighters, eh?
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Amazon takes swipe at PayPal, Square with card reader for mobes
Etailer plans to undercut rivals with low transaction fee offer
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
7 Elements of Radically Simple OS Migration
Avoid the typical headaches of OS migration during your next project by learning about 7 elements of radically simple OS migration.
BYOD's dark side: Data protection
An endpoint data protection solution that adds value to the user and the organization so it can protect itself from data loss as well as leverage corporate data.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?