American firm Oracle, specialized in enterprise software products, announces many technological investments in South Africa by the end of the year. First, the company plans to open Future Ready Labs, its first laboratory in Africa, in Johannesburg in November.
The infrastructure will serve as an exhibition framework to help local industry players realize the potential of cloud technology. If the experiment is successful, Oracle also plans to open another such laboratory in Cape Town and then in other countries such as Mauritius, Botswana, and Namibia.
“We're trying to re-energize local firms because their users are continuously evolving and their competitors are also adapting to this change. We take them through a structured approach aimed to help them adapt to technologies that will significantly contribute to increased revenues, customer satisfaction and improve productivity,” said Sarah George (pictured), Product Strategy Manager ERP (Enterprise Resource Planning) at Oracle South Africa.
In addition to laboratories, Oracle also plans to invest in local data centers. This strategy will ramp up competition with Microsoft, which opened two regional data centers in South Africa in March 2019. One is located in Cape Town while the other is in Johannesburg. These facilities have made Microsoft the world's leading provider of cloud computing services on the continent.
Oracle, which in turn wants to invest in the cloud in South Africa to take advantage of this growing segment, will also have to deal with competition with Amazon Web Services which also unveiled its ambitions to open data centers in the country next year.
Military escalation between Iran, Israel, and the United States has raised the risk of disruptions...
Ethio Telecom has signed a new agreement with Ericsson to expand and modernize its telecom netwo...
Central Bank of Nigeria said 20 commercial banks have met new minimum capital requirements, with...
Senegal launches 200 billion CFA bond in UEMOA Proceeds to fund 2026 budget, transformation agend...
The BCEAO cut its main policy rate by 25 basis points to 3.00%, effective March 16. Inflation...
Palm oil futures in Malaysia surged 9%, their biggest one-day gain in three years. The spike follows rising oil prices after escalating tensions in the...
FCMB Group has raised capital to meet the Central Bank of Nigeria’s new requirements. The recapitalization combined a public share offer and a partial...
IFC plans a guarantee facility of up to $50 million for Nairobi-based reinsurer ZEP-RE. The mechanism aims to strengthen the company’s credit...
Côte d’Ivoire has signed an agreement with the National Investment Bank to support diaspora-led projects. The deal includes tailored banking products,...
Located about forty kilometers east of Lomé along the Gulf of Guinea, Aného is one of the most historically significant towns in Togo. Nestled between a...
African-born artists generated $77.2 million in auction sales in 2024, down 31.9% year-on-year. Women artists accounted for about $22...