Logistics property fund Equites sells two UK distribution warehouses

SOUTH AFRICA – Johannesburg Stock Exchange listed specialist logistics property fund, Equites, has sold two UK distribution warehouses to real estate funds managed by Blackstone for US59 million representing a 4.79 percent net exit yield and 6 percent premium to Equites’ book value. The sale proceeds would be re-invested into distribution warehouse development by the Equites/Newlands joint venture, with the new warehouses let on 20- and 15-year leases to Hermes and Amazon, a statement said. The transaction would realise net cash proceeds of US$32.2 million to Equites, while lowering the…

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Amazon launches its payment processing services in MENA region

MENA – Amazon, an American multinational technology company, has announced the launch of Amazon Payment Services in the Middle East and North Africa (MENA) region. Amazon Payment Services is a payment processing service with the objective to empower businesses with simple, affordable, and trusted online payment experiences. In 2017, Amazon acquired PAYFORT as part of the Souq Group acquisition. PAYFORT was established in 2013 in the region. With the launch of Amazon Payment Services, businesses that use the service will continue to have access to a range of payment services…

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Amazon opens first African AWS Region in Cape Town, South Africa

SOUTH AFRICA – Amazon Web Services (AWS), a subsidiary of Amazon that provides on-demand cloud computing platforms and APIs, has announced the launch of its African regional hub in Cape Town, South Africa.   AWS Africa Region will offer low latency digital services and a broad range of technologies to players in various sectors, mainly government organizations.  Peter DeSantis, vice president of AWS global infrastructure, said the company – which has a long history in South Africa and would like to continue supporting the growth of the local technology community…

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Amazon Web Services partners with Kenya’s Safaricom on cloud and consulting services

KENYA – Amazon Web Services, subsidiary of Amazon that provides on-demand cloud computing platforms and APIs to individuals, has entered a partnership with Safaricom, Kenya’s largest telco, ISP and cell fee supplier, in a collaboration that might spell competitors between American cloud suppliers in Africa. Safaricom will promote AWS companies (primarily cloud) to its East Africa buyer community. The company has also announced the attainment of Advanced Consulting Partner status in the AWS Partner Network (APN) making the Telco one of the first APN members in East Africa. The APN…

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Amazon Web Services launches programmes to help innovation of SA SMEs

SOUTH AFRICA – Amazon Web Services, Inc., a service that provides on-demand cloud computing platforms, has announced the launch of the Amazon Web Services Equity Equivalent Investment Program (AWS EEIP), designed by Amazon Web Services South Africa and Amazon Data Services South Africa. The AWS EEIP will see over R365 million (US$24.6m) invested in the development of sustainable 100 percent black-owned South African small businesses. They will be within the Information Communications Technology (ICT) sector and will support them to become cloud computing experts using the AWS Partner Network (APN).…

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Amazon to set up an Amazon Web Services Edge location in Kenya

KENYA – Amazon, which operates Amazon Web Services-the biggest cloud computing platform in the world plans to set up an “edge location” in Nairobi They have several data centres around the world but their presence in Africa has been largely small. An edge location is a site that caches copies of content so that there will be faster delivery to users at a location. President Uhuru Kenyatta met with executives of Amazon Web Services (AWS) led by Vice President Teresa Carlson. They informed the president that they have plans to…

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Standard Bank Group selects Amazon’s AWS as its preferred cloud partner

SOUTH AFRICA – Standard Bank Group has announced that it has selected Amazon’s on-demand cloud computing platform, Amazon Web Services, Inc. (AWS) as its preferred cloud services provider. The bank said it is looking forward to utilizing the platform to migrate its production workloads, including its customer facing platforms and strategic core banking applications to the cloud. Standard Bank Group will leverage AWS services, including data analytics and machine learning, to automate financial operations and enhance customer facing web and mobile applications. The migration to AWS will take place across…

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