Pangu http://pangu.us/ Sat, 12 Jun 2021 05:42:07 +0000 en-US hourly 1 https://wordpress.org/?v=5.7.2 https://pangu.us/wp-content/uploads/2021/04/cropped-icon-32x32.png Pangu http://pangu.us/ 32 32 Orange attributes a network failure to a software failure https://pangu.us/orange-attributes-a-network-failure-to-a-software-failure/ Fri, 11 Jun 2021 15:44:20 +0000 https://pangu.us/orange-attributes-a-network-failure-to-a-software-failure/

By Mathieu Rosemain

PARIS (Reuters) – Orange, France’s largest telecommunications operator, said on Friday that a software crash caused the network to go down, which affected calls to French emergency services for several hours last week, an investigation found internal.

Orange internal investigators found that emergency calls, which rely on a platform of servers tasked with dispatching calls, were severely disrupted due to a bug in the call server software.

Orange’s voice services and access to some emergency services were hit the hardest between 2:45 p.m. GMT and 10 p.m. GMT on June 2, Orange said, putting lives at risk and increasing pressure on CEO Stéphane Richard .

During this period, around 11,800 calls, or 11% of the total, could not go through the emergency services, Orange said.

The cause of the bug itself stems from an upgrade started in early May to increase network capacity, Orange said.

The investigators also underlined the late communication of the incident to the authorities, the emergency services and the media, as well as to competitors Bouygues Telecom, SFR and Free, due to a delay in setting up a crisis unit. internal.

It took about two hours to issue alerts and set up the Crisis Management Unit, which involves senior management and other front-line people for such major incidents, a spokesperson said.

In France, Orange is the only operator responsible for centralizing and routing all emergency calls.

The Paris-based group said the software failure was identified and resolved by its equipment supplier, which it did not name. He reiterated that the problem was not caused by a cyber attack.

Orange investigators recommended, among other measures, the establishment of a massive SMS distribution mechanism in the event of a future failure affecting the emergency services.

French cybersecurity agency ANSSI is also conducting a separate two-month audit on the outage following a government request last week.

(Reporting by Mathieu Rosemain; Editing by Louise Heavens and David Clarke)


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Orange attributes a network failure to a software failure – audit https://pangu.us/orange-attributes-a-network-failure-to-a-software-failure-audit/ Fri, 11 Jun 2021 15:44:00 +0000 https://pangu.us/orange-attributes-a-network-failure-to-a-software-failure-audit/

A woman walks past the logo of French telecommunications operator Orange at the company’s headquarters in Issy-les-Moulineaux near Paris, France, June 3, 2021. REUTERS / Gonzalo Fuentes / File Photo

Orange (ORAN.PA), France’s largest telecommunications operator, said on Friday that a software failure caused the network to go down, which affected calls to French emergency services for several hours last week, according to an investigation internal.

Orange internal investigators found that emergency calls, which rely on a platform of servers tasked with dispatching calls, were severely disrupted due to a bug in the call server software.

Orange’s voice services and access to some emergency services were hit the hardest between 2:45 p.m. GMT and 10 p.m. GMT on June 2, Orange said, putting lives at risk and increasing pressure on CEO Stéphane Richard . Read more

During this period, around 11,800 calls, or 11% of the total, could not go through the emergency services, Orange said.

The cause of the bug itself stems from an upgrade started in early May to increase network capacity, Orange said.

The investigators also underlined the late communication of the incident to the authorities, the emergency services and the media, as well as to competitors Bouygues Telecom, SFR and Free, due to a delay in setting up a crisis unit. internal.

It took about two hours to issue alerts and set up the Crisis Management Unit, which involves senior management and other front-line people for such major incidents, a spokesperson said.

In France, Orange is the only operator responsible for centralizing and routing all emergency calls.

The Paris-based group said the software failure was identified and resolved by its equipment supplier, which it did not name. He reiterated that the problem was not caused by a cyber attack.

Orange investigators recommended, among other measures, the establishment of a massive SMS distribution mechanism in the event of a future failure affecting the emergency services.

French cybersecurity agency ANSSI is also conducting a separate two-month audit on the outage following a government request last week.

Our standards: Thomson Reuters Trust Principles.


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Xiaomi Mi 12 release date, price, news and leaks https://pangu.us/xiaomi-mi-12-release-date-price-news-and-leaks/ Fri, 11 Jun 2021 14:36:23 +0000 https://pangu.us/xiaomi-mi-12-release-date-price-news-and-leaks/

While there are plenty of Xiaomi phones on the way – the Mi Note 11 and Mi 11T come to mind – the Xiaomi Mi 12 will be the brand’s next true flagship phone.

The Mi 12 follows the Xiaomi Mi 11, the brand’s flagship product in 2020, which also had a premium sibling in the Mi 11 Ultra and a mid-range in the Mi 11 Lite 5G. Although we gave the Mi 11 “vanilla” a very good score, there are still things that a successor could do better.


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iQOO Z3 vs Xiaomi Mi 11X – Compare Specs, Price in India, RAM https://pangu.us/iqoo-z3-vs-xiaomi-mi-11x-compare-specs-price-in-india-ram/ Fri, 11 Jun 2021 03:14:28 +0000 https://pangu.us/iqoo-z3-vs-xiaomi-mi-11x-compare-specs-price-in-india-ram/

IQOO has launched iQOO Z3 which is packed with new features and specifications. iQOO Z3 comes with 2G, 3G, 4G connectivity. The Xiaomi also launched its Xiaomi Mi 11X with 2G, 3G, 4G, 5G connectivity. You can read the storage, camera, price, display and design of iQOO Z3 and Xiaomi Mi 11X below. Also Read – Realme Book Laptop Leaks Before Launch, Just Like Realme Pad Tablet

Display and design-The screen of the iQOO Z3 is 6.58 inches, while the screen of the Xiaomi Mi 11X is 6.67 inches. The iQOO Z3 has a screen resolution of 1080 × 2408, while the Xiaomi Mi 11X has a screen resolution of 2400 x 1080. Also read – iQOO Z3 vs Poco X3 Pro – Here is a comparison of battery performance, screen size, processor, RAM, OS, camera features, price in India and various other specifications

Price-The price range of iQOO Z3 and Xiaomi Mi 11X is based on their different variants. iQOO Z3 with 6GB RAM and 128GB is priced at 19,990, while Xiaomi Mi 11X with 6GB RAM and 128GB is priced at 29,999. Also Read – iQOO Z3 vs Realme 8 5G – Direct Comparison of Latest Features Including Camera, Screen Size & Resolution, RAM, CPU & Price in India

Camera -The iQOO Z3 has a 64MP + 8MP + 2MP camera, while the Xiaomi Mi 11X has a 48MP + 8MP + 5MP camera. On the front, the iQOO Z3 has a 16MP main camera lens, while on the front, the Xiaomi Mi 11X has a 20MP main camera lens.

Battery -The battery of the iQOO Z3 is powered by 4400mAh compared to the battery of the Xiaomi Mi 11X of 4520mAh.

Operating system-The iQOO Z3 runs on OriginOS for iQoo 1.0 is based on Android 11, while the Xiaomi Mi 11X runs on MIUI 12 based on Android 11. The iQOO Z3 is powered by Qualcomm Snapdragon 768G, while the Xiaomi Mi 11X is powered by Qualcomm Snapdragon 870 SoC.






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Crypto ranked as riskiest business https://pangu.us/crypto-ranked-as-riskiest-business/ Thu, 10 Jun 2021 17:21:26 +0000 https://pangu.us/crypto-ranked-as-riskiest-business/

This article is an on-site version of our #techFT newsletter. Register now here to receive the complete newsletter directly to your inbox every day of the week

Managing cryptocurrencies is the riskiest business, according to the world’s most powerful banking standard-setter.

As action to regulate the market accelerates, the Basel Committee on Banking Supervision released a report on Thursday calling for cryptocurrencies to come with the strictest bank capital rules of all assets.

“The growth of crypto assets and related services has the potential to raise financial stability issues and increase the risks facing banks,” he warned, citing market and credit risk, the fraud, hacking, money laundering and the risk of terrorist financing.

He proposed a risk weight of 1,250 percent, in line with the highest standards for banks’ exposures to riskier assets. This would mean that banks would actually have to hold capital equal to the exposure they are facing, so a $ 100 bitcoin exposure would result in a minimum capital requirement of $ 100. The standards would also apply to assets created for decentralized finance (DeFi) and non-fungible tokens (NFT), but the central bank’s potential digital currencies were outside the scope of its consultation, the committee said.

Some bankers told us they felt the Basel proposals went too far. “We’ve all seen what happens when you drive the activity of a fairly well regulated system into the Wild West. . . Do regulators want adults to do business, or would they want teens to do business? Said an executive involved in cryptography.

The industry is under pressure from its customers to get involved. The head of State Street’s new digital division told the FT that the U.S. custodian bank was looking to track clients who had increased their crypto exposure by 300% in the past two to three months.

Lex claims custodian banks occupy one of the toughest corners of Wall Street as back-office service providers, making their entry into the wild cryptocurrency world look out of place. While custodial fees collected for crypto may not be significant, the value of digital asset management may come from applying blockchain technology to streamline future financial transactions.

Video: Why Every Dogecoin Has Its Day – Crypto Explained

The Internet of (five) things

1. SoftBank Helps Klarna Reach $ 46 Billion Valuation
Klarna increased its valuation by 50% to $ 45.6 billion in just three months as the buy-it-now-payout company raised new capital from Japan’s SoftBank. The new valuation, against $ 31 billion in March and $ 11 billion last September, consolidates the Swedish group’s status as the most valuable private fintech company in Europe.

Daily Bulletin

#techFT brings you news, commentary and analysis on the big companies, technologies and issues shaping this fastest moving industry by specialists around the world. Click here to receive #techFT in your inbox.

2. Altice builds a big stake in BT
Altice, the telecoms investor controlled by billionaire Patrick Drahi, bought a 12.1% stake in BT worth £ 2 billion, making it the UK company’s largest shareholder. Helen Thomas comments that the arrival of a greedy and greedy billionaire on the ledger would upset many CEOs. But BT boss Philip Jansen, who also counts German incumbent Deutsche Telekom as a 12 percent shareholder, should draw attention.

3. Amazon facing antitrust investigation in UK
The UK’s competition watchdog is planning a formal investigation into Amazon, mirroring an ongoing EU investigation, according to three people familiar with the situation. The Competition and Markets Authority may wonder whether the company favors traders who also use its logistics and delivery services. Meanwhile, Josh Chaffin introduced Prologis, whose nearly 1 billion square feet of warehouses in 19 countries are essential ecommerce nodes and house tenants like Amazon and Walmart.

Line graph of stock prices and rebased index showing increases in Prologis shares following the growing shift to online retailing

4. JBS paid a ransom of $ 11 million
The world’s largest meat processor JBS said he paid the equivalent of $ 11 million in ransom “to prevent any potential risk to our customers” from the hacking of its computer systems last week. Check out our Big Read on the incident, as Hannah Murphy explains how the FBI’s Operation Trojan Shield exposed a criminal world.

5. Down and out in Chinese technology
A new generation of workers is demanding an end to the harsh conditions of Chinese tech giants. The forced filing is just a recent flashpoint that has attracted close scrutiny as allegations of overwork, abuse and injury became the subject of heated national debate, Yuan Yang writes for the FT magazine.

Forwarded from Sifted – European start-up week

german fintech Wajve raised new financing from Swedish company EQT Ventures this week, hoping to become the go-to banking app for teens. The amount raised was only 5 million euros, but this venture capitalist trend looking for the next hot fintech for the Generation Z Market.
Others include Quirk, a new financial advisor app for young people, as well as Kard, Go Henry and Mitto. XPO, an app set to launch this summer, is targeting content creators – many of whom are under 22 – with a quick invoice financing solution.

Elsewhere in European start-ups this week, SoftBank launched its Emerge accelerator with the aim of increasing the diversity of founders that the company finances; Europe’s largest digital wealth manager Scalable Capital announced that it has raised $ 180 million Series E financing round, making it the sixth German fintech unicorn; and lithium-ion battery manufacturer Northvolt raised $ 2.75 billion in equity.

Technical tools – OnePlus Nord CE 5G

Oneplus North CE 5G (Core Edition) is an update to its mid-range phone, and at a lower price – £ 299 in the UK, less than half the cost of its flagship OnePlus 9. It includes a 64MP triple camera system. , a 16MP selfie snapper, 6.43-inch 90Hz screen and a 4,500mAh battery, nearly 10% larger than the original North. The Verge also notesa new processor and the addition of a headphone jack. The phone can be pre-ordered now and will be available within the next 10 days.

Recommended newsletters for you

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5G phone market to grow significantly by 2028 https://pangu.us/5g-phone-market-to-grow-significantly-by-2028/ Thu, 10 Jun 2021 08:00:06 +0000 https://pangu.us/5g-phone-market-to-grow-significantly-by-2028/

This market research report added by Market Research Intellect provides in-depth analysis of the Global 5G Phones Market. Based on an analysis of the historical growth and current scenario of the 5G phones market, the report aims to offer actionable information about the growth projections of the global 5G phones market. The data analyzed in the report is based on the results of extensive primary and secondary research. Insights gleaned from the data are excellent tools that facilitate deeper understanding of the multiple aspects of the global 5G phone market. It also helps users in their development strategy. This 5G Phone Market report covers all the factors such as CAGR, supply and demand, macroeconomic patterns, customer buying patterns and several more with proper and genuine data. Additionally, using SWOT Analysis, PESTLE Analysis, and Opportunity Assessment, researchers and analysts deliver accurate and verified information through the report.

The scope of this research report stretches from broad outlines of the 5G Phones market to delicate structures, classifications, and applications. This research report also provides a clear picture of the global 5G phone market by presenting data through effective information graphics. A detailed study of the competitive landscape of the global 5G phone market has been presented along with insight into the company, financial status, trends, mergers and acquisitions, and SWOT analysis. This research will give readers a clear and precise idea of ​​the overall market to make beneficial decisions.

Industry overview:

First, with a general overview of the global trade caps activity, this section provides an overview of the report to give an idea of ​​the nature and content of the research study. It will provide well-informed data to customers using figures, graphs and flowcharts in the report, experts have represented the analyzed data in a more understandable way.

Global 5G Phones Market Dynamics:

It should be noted that the authors of the report have discussed in detail the major drivers, restraints, challenges, trends and opportunities of the global 5G Phones industry.

Key players in the 5G phone market:

  • Huawei
  • Samsung
  • LG
  • XiaoMi
  • Sony
  • Motorola
  • HTC
  • OPPO
  • Google

5G Phone Market Segmentation:

The 5G Phones market is split by Type and by Application. For the period 2021-2028, the cross-industry growth provides accurate calculations and sales forecast by type and application in terms of volume and value. This analysis can help you grow your business by targeting qualified niche markets.

5G Phone Market Breakdown by Type:

  • Android System
  • IOS system
  • HongmengOS

5G Phone Market Split By Application:

  • Online Store
  • Supermarket
  • Direct store

Scope of the 5G Phones Market Report

Report attribute Details
Market size available for years 2021 – 2028
Reference year considered 2021
Historical data 2015 – 2019
Forecast period 2021 – 2028
Quantitative units Revenue in millions of USD and CAGR from 2021 to 2027
Covered segments Types, applications, end users, etc.
Cover of the report Revenue forecast, company ranking, competitive landscape, growth factors and trends
Regional scope North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
Scope of customization Free customization of the report (equivalent to 8 working days for analysts) with purchase. Add or change the scope of country, region and segment.
Price and purchase options Take advantage of personalized shopping options to meet your exact research needs. Explore purchasing options

Regional Market Analysis 5G Phones can be represented as follows:

Each regional 5G phone industry is carefully studied to understand its current and future growth scenarios. It helps the players to strengthen their position. Use market research to gain a better perspective and understanding of the market and target audience and ensure you stay ahead of the competition.

Geographically, the global 5G phone market has segmented as follows:

  • North America includes the United States, Canada and Mexico
  • Europe includes Germany, France, UK, Italy, Spain
  • South America includes Colombia, Argentina, Nigeria and Chile
  • Asia-Pacific includes Japan, China, Korea, India, Saudi Arabia and Southeast Asia

Visualize the 5G Phone Market Using Verified Market Intelligence: –

Verified Market Intelligence is our BI platform to tell the story of this market. VMI provides in-depth predictive trends and accurate insights into over 20,000 emerging and niche markets to help you make key revenue impact decisions for a bright future.

VMI provides a comprehensive overview and global competitive landscape of regions, countries and segments, as well as key players in your market. Present your market reports and findings with built-in presentation capabilities, delivering over 70% of time and resources to investors, sales and marketing, R&D and product development. VMI supports data delivery in interactive Excel and PDF formats and provides over 15 key market indicators for your market.


The study thoroughly explores the profiles of the major market players and their main financial aspects. This comprehensive business analysis report is useful for all new entrants and new entrants as they design their business strategies. This report covers the production, revenue, market share and growth rate of the 5G Phones market for each key company, and covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. . Historical 5G phone outage data from 2016 to 2020 and forecast to 2021-2029.

About Us: Market Research Intelligence

Market Research Intellect provides syndicated and personalized research reports to clients across various industries and organizations, in addition to the goal of providing personalized and in-depth research studies.

We talk about solutions for logical research, personalized consulting and data severity analysis across a wide range of industries including energy, technology, manufacturing and construction, chemicals and materials, food and drink. Etc. Our research studies help our clients make more data-driven decisions, admit push predictions, grossly capitalize on opportunities, and maximize efficiency by acting as their belt in crime to adopt a mention precise and indispensable without compromise.

Having served the pinnacle of over 5,000 customers, we have provided expertly behaving affirmation research facilities to over 100 global Fortune 500 companies such as Amazon, Dell, IBM, Shell, Exxon Mobil, General Electric, Siemens, Microsoft, Sony and Hitachi.

Contact us:

Mr. Edwyne Fernandes

United States: +1 (650) -781-480
UK: +44 (753) -715-0008
APAC: +61 (488) -85-9400
US Toll Free: +1 (800) -782-1768

Website: – https://www.marketresearchintellect.com/


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French telecoms giant takes 12% stake in BT https://pangu.us/french-telecoms-giant-takes-12-stake-in-bt/ Thu, 10 Jun 2021 06:51:55 +0000 https://pangu.us/french-telecoms-giant-takes-12-stake-in-bt/

(BT)

One of Europe’s largest broadband companies stunned the industry by spending £ 2 billion on a 12.1% stake in BT.

Altice UK, which is part of France’s second largest telecommunications giant, Altice, has built up its huge stake over the past two days and met with the CEO and Chairman of BT last night.

The company said it supports BT’s plans to roll out super-broadband and has no plans to launch a takeover, but analysts said it would likely want a seat on the board. to influence its future direction.

The purchase of shares makes it BT’s largest shareholder, slightly ahead of Deutsche Telekom. DT has a member of the board of directors.

He has pledged not to launch a full offer on BT unless the company’s board of directors accepts it or another company makes a takeover bid.

The commitment not to bid now prevents him from making an offer for at least six months under UK takeover rules.

In a statement, the French group said: “Altice UK has made this important investment in BT because it believes it has a compelling opportunity to implement one of the most important policies of the UK government, namely the Substantial expansion of access to a full fiber, gigabit compatible broadband network across the UK.

BT recently won a pricing framework from regulators that will allow it to roll out fiber optic to 25 million homes by the end of 2026.

Altice was founded by Frenchman Patrick Drahi who bought and then took over the French telecommunications group SFR and is present in the United States, Portugal and Israel, with a total of 40 million customers.

Drahi said he “holds BT’s board and management team in high regard and supports their strategy.”

He created Altice UK specifically to make the investment.

Large foreign investors have rushed to build broadband networks here as the UK catches up to faster internet speeds after what has been seen as years of underinvestment.

Alternative networks to BT – known as Altnets – have been backed by billionaire Mikhail Fridman, Goldman Sachs and other long-term investors with deep pockets looking for decades of guaranteed returns from subscribers .

Drahi’s decision to invest £ 2bn in BT will not only be seen as a huge endorsement of the former monopoly’s strategy, but means that he will not deploy the money with a rival such as CityFibre, argued by Goldman, who reportedly sought a new investor.

Read more

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Signs of “IPO indigestion” as two floats are delayed


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How can you charge so much for a phone call to MI https://pangu.us/how-can-you-charge-so-much-for-a-phone-call-to-mi/ Wed, 09 Jun 2021 13:55:22 +0000 https://pangu.us/how-can-you-charge-so-much-for-a-phone-call-to-mi/

Remember when the cell phone started to be a thing when they first came out? I remember paying up to $ 375.00 per month in the 90s because you were paying by the minute and it was a lot more during the day and cheaper to use in the evenings and weekends. Even your home phone was expensive 20 years ago. I was living in Philly at the time and was dating a girl in LA and one night we talked for 6 hours, my bill this month was around $ 500 from a landline. I later found out that I was on the wrong side. Ouch

High prices for phone calls in prison

So there are still a few places that will charge you a lot to make a call, like some hotels if you make a long distance call from your room phone. According to fox47news.com Ionia County Jail charges $ 21.99 for a 15-minute phone call from an inmate. At the Eaton County Jail, it’s $ 15.42. In Ingham County, it’s $ 13.65. I guess most Michigan County jails charge insanely high prices for inmate phone calls. The saddest part are the family and friends of those who receive the bills. This can be difficult if you are on a tight budget as many are these days.

When I was locked up from 18 to 28 years old, I observed the extreme financial burdens on my family in terms of the high costs of phone calls from inmates or from the prison, it just doesn’t make sense, ”he said. said Aaron Kinzel, executive director of the Youth Justice Fund. “I feel like it’s almost like a secondary sentence that isn’t even really imposed on the individual who committed the crime, but on family, friends and relatives who spend 50 cents, a dollar a minute sometimes.

Here’s what it costs for jail calls

In counties like Ingham, Clinton, Livingston and Jackson, phone calls cost a pretty penny, from $ 0.21 to $ 0.97 a minute. The Prison Policy Initiative researched the cost of inmate phone calls for many years. The association says the calls are so high because of the money going into the prisons.

MICHIGAN CRIME SCENE: Look inside the abandoned “Jeepers Creepers” school

MORE: A Look Inside The Abandoned Governor’s Mansion In Bad Ax

Celebrities share their personal paranormal stories


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Africa Finance Corporation tops 30 member states with the accession of Burkina Faso, DRC and Morocco https://pangu.us/africa-finance-corporation-tops-30-member-states-with-the-accession-of-burkina-faso-drc-and-morocco/ Wed, 09 Jun 2021 11:00:00 +0000 https://pangu.us/africa-finance-corporation-tops-30-member-states-with-the-accession-of-burkina-faso-drc-and-morocco/

Lagos, Nigeria – (COMMERCIAL THREAD) – In an important step for its Pan-African mission, Africa Finance Corporation, one of the region’s largest investors in infrastructure development, announces today that it has passed the 30 member states, representing more than the half of the continent.

Membership of Burkina Faso, the Democratic Republic of the Congo and Morocco, all in the first quarter of 2021, brings the total number of AFC member states to 31, an increase from 26 members a year ago .

“This is a historic achievement for AFC as we continue to expand our presence on the continent,” said Samaila Zubairu, President and CEO of AFC. “I am pleased to welcome the Republic of Burkina Faso, the Democratic Republic of Congo and the Kingdom of Morocco as member countries of AFC. Through this expanded membership and our technical expertise, we are empowered to provide critical infrastructure with a greater focus on energy, renewable energy and digital infrastructure to rebuild a more resilient and sustainable economy after COVID-19. ”

With a mission to close Africa’s infrastructure gap, AFC has invested more than $ 8.7 billion in 35 African countries, using its unique access to global capital markets to boost development, integrate the economies of the continent and transforming lives. Recent examples include a € 130 million investment in the Agency for Air Navigation Safety in Africa and Madagascar, which provides air traffic management services; Funding of US $ 62.2 million for the 60 MW Red Sea Wind Power Project in Djibouti; and an investment of US $ 150 million in the assets of the ARISE special economic zone in Benin and Togo, with a strategic vision to build competitive industrial and logistics ecosystems.

Member countries enjoy significant benefits, including increased investment allocation, privileged access to AFC structuring and lending solutions for sovereign states, reduced debt costs for projects, and access to financial resources. consulting services to the public sector and the development of Company projects. These interventions aim to help Member States address critical infrastructure gaps in AFC’s core sectors of energy, transport, natural resources, telecommunications and heavy industry.

In return, member governments facilitate AFC’s investment process by granting diplomatic privileges and immunities commensurate with the Company’s multilateral status. This reduces the cost of debt financing and improves the bankability of projects, while enabling the Company to mobilize global financing for the economic development of the continent.

Commenting on Burkina Faso’s accession, the Minister of Economy, Finance and Development, Lassané Kaboré, declared: “As part of our commitment to reduce poverty in Burkina Faso and transform the Burkinabè economy, we look forward to working with AFC, a pan-African institution, to develop infrastructure projects in catalyst sectors such as transport, logistics and mining for the sustainable development of the country.

Speaking on Morocco’s membership, the Minister of Economy, Finance and Administrative Reform, Mohamed Benchaaboun, said: “The Kingdom of Morocco is happy to join AFC at such a critical time. . We look forward to completing the legal ratification procedures as soon as possible, so that we can reap the many benefits of AFC membership, including its strong network, as we continue our program of seeking more strategic partnerships in Sub-Saharan Africa “.

AFC’s transformational projects across Africa include the US $ 887 million Kpone Independent Power Project (IPP), which increased Ghana’s power production by 10%; the $ 365 million Henri Konan Bédié bridge in Côte d’Ivoire, which provides quick and easy access to central Abidjan; and the $ 160 million Bakwena toll road in South Africa, which has significantly reduced the time and cost of travel to and from Pretoria.

Along with the Central Bank of Nigeria and the Nigerian Sovereign Investment Authority, AFC is one of the three institutions behind the new Nigeria Infrastructure Corporation (InfraCo), created to catalyze and accelerate investments in sectors such as transportation and logistics, energy, telecommunications and technology, mining & enrichment, and agriculture.

About AFC

AFC was established in 2007 to be the catalyst for private sector led infrastructure investments across Africa. It is the second highest rated multilateral financial institution in Africa. AFC’s approach combines specialized industrial expertise with a focus on financial and technical advice, project structuring, project development and venture capital to meet Africa’s infrastructure development needs and stimulate a sustainable economic growth. AFC invests in high quality infrastructure assets that provide essential services in the basic infrastructure sectors of energy, natural resources, heavy industry, transport and telecommunications. To date, the Company has invested over US $ 8.7 billion in projects in 35 African countries. www.africafc.org


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FBI phone hack is VC’s dream come true https://pangu.us/fbi-phone-hack-is-vcs-dream-come-true/ Wed, 09 Jun 2021 04:10:00 +0000 https://pangu.us/fbi-phone-hack-is-vcs-dream-come-true/

People wear protective masks due to the coronavirus disease (COVID-19) outbreak in Pattaya, Thailand on March 27, 2020. Photo taken on March 27, 2020. REUTERS / Soe Zeya Tun – RC2LTF9SPJIZ

The Federal Bureau of Investigation ran a startup that would shame Silicon Valley. ANOM is a three-year know more joint venture with Australian Federal Police, 9,000 law enforcement officers from 17 countries and a drug smuggling smartphone developer turned informant.

It has tapped into the booming market for secure apps and devices. Just this Monday Apple (AAPL.O)boasted its “legacy of privacy leadership” by introducing new data protection features.

The crooked FBI punters paid $ 1,700 for an encrypted device with a bespoke messaging app and a six-month subscription. It’s the kind of hardware-software meeting business model that low-margin handset makers like China’s Xiaomi aspire to.

Word of mouth marketing would have reduced costs. Active ANOM users have tripled in just a few months, aided by the steady shutdown of competitors.

With tons of drugs seized, hundreds of people arrested and a wealth of criminal data, the FBI probably hit its performance targets – with some ESG kudos to get started. The only problem is that it is a difficult model to reproduce. (By Robyn Mak)

On Twitter http://twitter.com/breakingviews

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Reuters Breakingviews is the world’s leading source for agenda-setting financial information. As the Reuters brand for financial commentary, we dissect big business and economic stories from around the world every day. A global team of around 30 correspondents in New York, London, Hong Kong and other major cities provide real-time expert analysis.

Sign up for a free trial of our full service at https://www.breakingviews.com/trial and follow us on Twitter @Breakingviews and to www.breakingviews.com. All opinions expressed are those of the authors.




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