Johannesburg - THE Technology Innovation Agency (TIA) last Friday gave a nod to a R100m venture capital fund, said executive for industrial sectors Pontsho Maruping. The move by the agency came when critics questioned if this was in line with its mandate. The agency, which received an allocation of R433m in this financial year, was established by an act in 2008 to bridge the innovation chasm, the gap between idea and marketable product. Although South Africa has increased its academic research Read more [...]

Tunis - The Executive Directors of the African Development Bank (AfDB) Group on Wednesday approved the institution's Information Technology Strategy 2013-2015 and the Bank Group's Participation in the Middle East and North Africa (MENA) Transition Fund. At their regular weekly meeting in Tunis, the Board also approved over US $107 million (UA 69.95 million) in loans and grants to finance projects in Zimbabwe, Nacala Corridor in Mozambique, and the integration of payments systems in East Africa. Information Read more [...]