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GITEX Africa 2024 – OVHcloud partners with Maroc Datacenter to fulfill its development ambitions in Africa with the opening of its first Local Zone in Morocco

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2 years ago

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OVHcloud

The new Local Zone in Rabat offers Moroccan customers new opportunities to access the Group’s Public Cloud services, with reduced latency and local data hosting

ROUBAIX, France, May 30, 2024/APO Group/ — 

OVHcloud (www.OVHCloud.com/fr/), the European leader in cloud computing, will be taking part in GITEX AFRICA Morocco 2024 (www.GITEXAFRICA.com) in Marrakech. On this occasion, the Group is announcing the first opening of a Local Zone on the African continent, with operations scheduled to begin in Rabat in the coming months. This news demonstrates OVHcloud’s commitment in Africa to offer trusted cloud solutions.

Launch in Morocco: a key step in the deployment strategy of Local Zone in Africa

The announcement was made official with the signature of a partnership between Maroc Datacenter, a specialist in the construction and operation of data centers in Morocco, and OVHcloud. This strong partnership will also see Maroc Datacenter support OVHcloud to tailor its offerings on the Moroccan market. In addition, OVHcloud announces further deployments, including the opening of Local Zones in South Africa, Kenya and Tunisia for 2025.

“We are delighted to enter a partnership with OVHcloud Group, a global player and the European leader in the cloud. The launch of a Local Zone in Morocco will contribute to empower the kingdom digital ecosystem by offering innovative cloud platforms and provide public and private organisations with cloud services offering guarantees of data sovereignty and low latency. We are glad OVHcloud has chosen Morocco as the first country on the African continent to launch the Local Zone and has placed its trust in Maroc Datacenter. We would like to thank Orange Morocco for supporting us in this launch by providing its national and international connectivity capabilities.” says Abderrahmane Mounir, Chairman of Maroc Datacenter.

As part of its global growth plan in the Cloud market, OVHcloud aims to open up to 150 Local Zones by 2026. Based on innovative technology, Local Zones enable the Group to deploy infrastructures as close as possible to its customers, using Edge Computing principles, to serve new international locations in just a couple weeks. In addition to the Local Zones previously opened in Brussels, Madrid, Marseille, Prague, Amsterdam, Zurich and Dallas, the new Local Zone in Rabat offers Moroccan customers new opportunities to access the Group’s Public Cloud services, with reduced latency and local data hosting.

Thanks to this, Moroccan customers will benefit from the unique offering of OHVcloud for an open, trusted cloud, with data located as close as possible to the user. The data, hosted within the geographical limits defined by local regulations or security policies, allows customers to be confident: which proves essential for a number of industries, including consulting, financial services and healthcare.

From now on, companies and institutions will be able to take advantage of the Local Zones to rely on more secure, faster and more efficient services

Workloads with latency-sensitive services, such as real-time analytics, e-commerce websites, CDNs for streaming video and catch-up, and cloud gaming, will benefit from the Local Zone proximity for increased response times for a better user experience. For most customers, OVHcloud Local Zones offer single-digit millisecond latency times, enabling use cases such as high-performance gaming from the Cloud with very low latency.

‘Today’s launch of the first Local Zone in Rabat is an important milestone in OVHcloud’s relationship with Morocco and confirms the Group’s ambition to extend its offering to organisations operating in Africa. From now on, companies and institutions will be able to take advantage of the Local Zones to rely on more secure, faster and more efficient services, facilitating the digital transformation of the Moroccan ecosystem before moving on to serve new locations on the continent. Known as one of the main technology hubs in Africa, Morocco is a strategic market for us, with specific features needs and high requirements, particularly in terms of data sovereignty.’, said Caroline Comet-Fraigneau, Vice-President for France, Benelux, Africa and the Middle East at OVHcloud.

From the Local Zones, organisations can take advantage of Public Cloud features such as Compute, Block Storage and the network with a local public IP. Additional services will be offered in the coming months, including access to Object Storage and Managed Rancher Service for Kubernetes management, in multi-cloud environments.

OVHcloud’s new Local Zones are also ISO/IEC 27001 certified, in addition to the requirements of ISO/IEC 27017 standards, specific to the cloud services industry and ISO/IEC 27018 for the protection of personal data. These certifications ensure that businesses can deploy services in an OVHcloud environment to meet the highest security standards.

A dynamic community of customers and start-ups

With more than 6,000 customers already in Morocco, OVHcloud is strengthening its ties with the local ecosystem. The Group is also demonstrating its intention to accelerate its support to Moroccan start-ups (several dozen of which, such as Omniup and Digishare, are already part of the OVHcloud network- Startup.OVHCloud.com/). As a reminder, the OVHcloud Startup Program offers its members a wide range of commitments, including development advice, tailored technical support and no-obligation cloud credits to help them launch new projects and accelerate go-to-market timeline.

Availability

Available this summer, the Rabat Local Zone will enable Public Cloud services to be deployed directly from the OVHcloud customer interface.

Distributed by APO Group on behalf of GITEX Africa.

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Afreximbank Posts Robust Q1 2026 Results with 25% Growth in Net Income and Improved Profitability

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1 day ago

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May 22, 2026

By

Afreximbank

The results demonstrate continued resilience, disciplined balance sheet management and strong deal execution despite a challenging global operating environment

The growth in net interest income and profitability demonstrates the strength of our operating model and the continued relevance of our mandate

CAIRO, Egypt, May 22, 2026/APO Group/ –African Export-Import Bank (“Afreximbank” or the “Bank”) (www.Afreximbank.com) and its subsidiaries (the “Group”) announced its results for the three months ended 31 March 2026. The results demonstrate continued resilience, disciplined balance sheet management and strong deal execution despite a challenging global operating environment.

 

The Group continued to expand its lending activities in Q1 2026, resulting in total credit exposure growing by 2% to reach a portfolio of US$42 billion, up from US$41 billion as of 31 December 2025. This performance reflects Afreximbank’s leading role as a Development Finance Institution (DFI) in financing trade and trade-enabling infrastructure, and its strategic contribution to economic resilience across Africa and the Caribbean.

Average loans and advances for Q1 2026 stood at US$32 billion, up 8% compared to the same period in the prior year, driving the recorded growth in interest income. The Group’s liquidity position remained strong, with cash and cash equivalents of US$5.6 billion, representing 14% of total assets, consistent with FY2025 and above the Bank’s strategic minimum.

Asset quality also remained strong, with the non-performing loan (NPL) ratio at 2.40%, broadly in line with 2.43% at FY2025 and below industry average.

Shareholders’ funds increased to US$8.6 billion at 31 March 2026, up from US$8.4 billion at FY2025, supported by internally generated capital of US$268.9 million and new equity investments received during the quarter, underscoring the Bank’s continued ability to mobilise capital from its shareholders in support of its growth and development mandate.

The Group delivered strong profitability during the quarter.  Notwithstanding declining benchmark rates, total interest income rose by 14% year-on-year to reach US$813.6 million, while net interest income increased by 24% to US$510.0 million, compared with US$411.2 million in the first quarter of 2025. The Group’s cost-to-income ratio remained contained at 19%, well within the Group’s strategic ceiling of 30%. As a result, Profit for the period increased to US$268.9 million, up from US$215.4 million in Q1 2025.

The Group continued to maintain a strong capital position, with a capital adequacy ratio of 23% as at 31 March 2026, in line with the Bank’s long-term capital management targets.

During the quarter, Afreximbank continued to demonstrate its counter-cyclical role in response to external shocks. In March 2026, the Bank launched a US$10 billion Gulf Crisis Response Programme to help member countries mitigate adverse spillover effects from the Gulf crisis. The facility is designed to support liquidity, stabilise trade and payments, and address supply-side disruptions, particularly in energy, tourism and aviation, fertilisers, food and other critical imports.

The Bank also continued to deploy targeted financing and advisory support to strengthen trade flows, industrial capacity and economic resilience across Africa and CARICOM. Regional integration received further momentum following South Africa’s ratification of the Bank’s Establishment Agreement in February 2026, bringing one of Africa’s largest and most diversified economies into the Bank’s membership and giving the Bank full continental coverage.

Highlights of the results for Afreximbank Group are shown below:

Financial Performance Metrics

Q1’2026

Q1’2025
Gross Income (US$ million)

874.1

784.9
Net Income (US$ million)

268.9

215.4
Return on average equity (ROAE)

13%

12%
Return on average assets (ROAA)

2.62%

2.38%
Cost-to-income ratio

19%

16%

 

Financial Position Metrics

Q1’2026

FY’2025
Total Assets (US$ billion)

41.7

42.3
Total Liabilities (US$ billion)

33.0

33.9
Shareholders’ Funds (US$ billion)

8.6

8.4
Non-performing loans ratio (NPL)

2.40%

2.43%
Cash/Total assets

14%

14%
Capital Adequacy ratio (Basel II)

23%

          23%

 

Mr. Denys Denya, Afreximbank’s Senior Executive Vice President, commented:

“Against a backdrop of continued global uncertainty, heightened geopolitical risks and tight financial conditions, the Group delivered a resilient first-quarter performance, underpinned by disciplined balance sheet management, sound asset quality and strong capital and liquidity buffers. The growth in net interest income and profitability demonstrates the strength of our operating model and the continued relevance of our mandate. Our swift launch of the US$10 billion Gulf Crisis Response Programme further underscores Afreximbank’s counter-cyclical role in supporting member countries during periods of disruption. We remain focused on stabilising trade flows, easing liquidity pressures and advancing the industrial and economic transformation of Africa and the Caribbean.”

Distributed by APO Group on behalf of Afreximbank.

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Via Licensing Alliance Expands Voice Codec Program with New Licensee, New Licensors, Publishes Comprehensive Pool Rate Structure

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2 days ago

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May 22, 2026

By

Via Licensing Alliance

SAN FRANCISCO, CALIFORNIA, UNITED STATES – Media OutReach Newswire – 22 May 2026 – Via Licensing Alliance (Via) today announced continued momentum for its Voice Codec patent pool, including the addition of a new unnamed licensee and new licensors, NovaVoice Limited and Cordial IP, further growing the program’s patent stack and market penetration from its initial five, large global licensors.

The addition of the new licensee, unnamed at this time, reflects growing industry adoption of the collaborative licensing pathway Via’s Voice Codec program creates for accessing IP rights to critical voice technologies. This addition reflects a growing market uptake of advanced voice technologies, including EVS and IVAS, driven by rising demand as 5G and 5G-Advanced technologies are adopted worldwide.

Additionally, Via continues to prioritize transparency and has published its full rate structure for the Voice Codec pool, providing further clarity and predictability for implementers and to the broader market. For implementers, the full rate structure allows for complete visibility as they consider the appropriate royalty structure to choose from to meet their product level costs, evaluate future growth paths for their product lines, or plan their geographical expansion plan needs. This level of disclosure not only reduces uncertainty in licensing decisions but also enables more consistent benchmarking, reinforcing confidence in fair, market-aligned SEP licensing practices. The program’s royalty rates are listed on Via’s website at https://www.via-la.com/licensing-programs/voice-codec/#license-fees.

The addition of the new licensors indicates increased interest from patent holders in licensing their voice technology SEPs through highly efficient, aggregated licensing vehicles such as patent pools. Future growth in both the licensor list and the number of patents consolidated through the pool license will continue to enhance the value of the Voice Codec License for implementers. Via’s Voice Codec program licensors are listed here: https://www.via-la.com/licensing-programs/voice-codec/#licensors.

Via’s Voice Codec pool covers Enhanced Voice Services (EVS), which supports voice communications across more than one billion and growing active devices globally, as well as Immersive Voice and Audio Services (IVAS), which will play a central role in next-generation voice and spatial audio applications.

“We are pleased to welcome these new entrants to our pool, which signal continued growth and momentum our Voice Codec program,” said Kevin Mack, President of Via Licensing Alliance. “This pool license offers strong value relative to other market options and represents the only collaborative licensing solution for EVS and IVAS technologies, making it a smart and efficient pathway for companies seeking to license critical voice capabilities.”

EVS remains a foundational technology for high-quality voice communications in 5G and 5G-Advanced networks, with adoption continuing to expand as 5G, 5G-Advanced and future network iterations reach global scale. As spatial audio and advanced voice technologies expand into 6G and a broader range of non-cellular devices, the importance of IVAS technologies is expected to increase, with Via’s pool offering an early and effective licensing pathway.

For more information about the Voice Codec patent pool, including information for prospective licensees, please visit https://www.via-la.com.

About Via Licensing Alliance:
Via Licensing Alliance is the collaborative licensing leader, dedicated to accelerating global technology adoption, fostering participation, and generating return on innovation with balanced licensing solutions for innovators and manufacturers of all sizes around the globe. Via has operated dozens of licensing programs for a variety of technologies. Via is an independently managed company owned by industry-leading participants with over 25 years of intellectual property licensing leadership. For more information about Via, please visit https://www.via-la.com.

 

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Joint statement welcoming the Republic of Togo’s announcement on Visa facilitation for African nationals

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2 days ago

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May 22, 2026

By

Togo

The AfCFTA Secretariat and Afreximbank commend the Government and people of the Republic of Togo for hosting Biashara Afrika 2026 and for their continued commitment to advancing Africa’s economic integration agenda

LOMÉ, Togo, May 21, 2026/APO Group/ –The AfCFTA Secretariat and African Export-Import Bank (Afreximbank) (www.Afreximbank.com) welcome the announcement by the Government of the Republic of Togo, under the leadership of H.E. Faure Essozimna Gnassingbé, President of the Council of the Republic of Togo, regarding measures to facilitate visa-free entry for all nationals of African States holding valid passports, as announced by the Minister of Security on 18 May 2026.

The announcement was made in Lomé on the sidelines of Biashara Afrika 2026, the continent’s premier trade and business platform, which has brought together policymakers, private sector leaders, investors, and stakeholders from across Africa to advance dialogue on intra-African trade, investment, and regional integration.

Throughout the engagements, participants underscored the importance of facilitating the movement of African citizens, entrepreneurs, and investors as an important enabler of intra-African trade and economic cooperation. Against this backdrop, the announcement reflects the growing continental momentum towards strengthening connectivity and deepening African integration.

The AfCFTA Secretariat and Afreximbank, to which Togo is a State Party and a Member State, envision a continent where goods, services, capital, and people move more freely across borders in support of an integrated African market. Measures that facilitate mobility and connectivity continue to contribute towards advancing the broader mandate of both institutions; the attainment of the aspirations of Agenda 2063.

The AfCFTA Secretariat and Afreximbank commend the Government and people of the Republic of Togo for hosting Biashara Afrika 2026 and for their continued commitment to advancing Africa’s economic integration agenda.

Distributed by APO Group on behalf of Afreximbank.

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