Fluidstack Reaches $18 Billion Valuation as AI Data Center Demand Surges

A relatively little-known British AI infrastructure startup, Fluidstack, has reached a valuation of about US$18 billion, highlighting the enormous amount of capital flowing into the AI data-center industry. Fluidstack began as a service that helped researchers access unused computing capacity. It has since evolved into a company focused on building and operating large-scale AI data-center…

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Congo’s $185 Passport Scandal Reaches Belgian Courtroom

A long-running controversy over the Democratic Republic of Congo’s biometric passport system has entered a potentially decisive phase after a Brussels court ordered Belgian biometrics company Semlex and 13 other defendants to stand trial over allegations including corruption, money laundering and tax fraud, Reuters reported. The decision by Brussels’ Council Chamber on Monday marks a…

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Senegal Secures $2.2bn IMF Deal as Hidden Debt Crisis Deepens

Senegal’s return to the International Monetary Fund for a new $2.2 billion financing package may offer the country a route back to fiscal stability, but the agreement also exposes how deeply the government’s undisclosed borrowing has damaged investor confidence. The three-year loan arrangement, reached at staff level on Tuesday, comes after months of difficult negotiations…

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Nanton Agenda 111 Hospital Project Remains Abandoned Years After Construction Began

The Agenda 111 hospital project in the Nanton District of the Northern Region has remained abandoned and incomplete, years after construction works commenced under the previous NPP government’s nationwide hospital infrastructure programme. The proposed 100-bed district hospital, which was expected to improve access to healthcare for residents of Nanton and surrounding communities, had reached about…

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AGOA lives on until 2028, but Africa questions America’s long-term trade vision

The decision by the US House of Representatives to extend the African Growth and Opportunity Act (AGOA) for another two years has given African economies a temporary reprieve, but it has not resolved the deeper uncertainty surrounding Washington’s long-term commercial relationship with the continent. The short-term government funding bill, reportedly approved by the House in…

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