Feeds

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

Kickstart for broadband and data centres

Internet Security Threat Report 2014

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. ®

Providing a secure and efficient Helpdesk

More from The Register

next story
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Zippy one-liners, broken promises: Doctor Who on the Orient Express
Series finally hits stride, but Clara's U-turn is baffling
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
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.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
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?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.