Author: Anita Bosman
Omaha: TECHz – News Desk US-based Guardian Fire Services, backed by Bahraini alternative investment powerhouse Investcorp, has officially acquired Nebraska-based Midwest Protection Services in a strategic move to dominate the regional fire and life safety market. This deal marks Guardian’s second major transaction in just six months following its acquisition by Investcorp in December 2025. The move significantly strengthens Guardian’s foothold in the US Midwest, particularly the Omaha commercial sector, and caps off Investcorp’s aggressive US strategy, which saw $1.1 billion deployed in the second half of 2025. Guardian Fire Services is rapidly scaling its US footprint. The comprehensive…
London: TECHz – News Desk JPMorgan Chase is launching an aggressive expansion of its corporate banking operations across Europe, the Middle East, and Africa (EMEA). The Wall Street giant is deploying its formidable balance sheet to capture market share from regional lenders, signaling a major shift in the competitive landscape for large-cap enterprises, mid-sized companies, and startups. James Roddy, Head of Global Corporate Banking at JPMorgan, confirmed the firm will bring on 30 senior bankers in the EMEA region by year-end. This targeted hiring surge is designed to bolster a suite of services, ranging from corporate finance and cash management…
Riyadh: TECHz – News Desk In a significant boost to the Middle East’s rapidly evolving tech ecosystem, Saudi-based artificial intelligence startup Think has successfully closed an $8 million pre-seed funding round. The fresh capital is strategically earmarked to aggressively drive the company’s expansion across the Gulf Cooperation Council (GCC) and beyond. The high-profile funding round was co-led by prominent Saudi venture capital firms RAED Ventures and Wa’ed Ventures. According to the startup, this injection of funds will be instrumental over the next 18 months as they accelerate product development, scale up manufacturing, and expand their team across Saudi Arabia, the…
Abu Dhabi: TECHz – News Desk Al Mashreq Tourism & Holidays Group has announced the issuance of Administrative Decision No. (0024) of 2026, appointing prominent journalist Atef El-Batal, Managing Editor for UAE Affairs, as the Group’s Media Advisor. This strategic move reflects the Group’s commitment to enhancing its media ecosystem and solidifying its position within the travel and tourism sector on both local and international levels. The decision aligns with the Group’s strategic vision to develop its corporate communication tools, expand its media footprint, and strengthen its corporate identity to keep pace with the current phase of growth and expansion…
Lusaka: TECHz – News Desk An ambitious initiative is transforming education across the continent, providing essential internet access to more than two million students and approximately 40,000 teachers. This progress stems from a school connectivity programme, backed by a US$57 million partnership, that officially launched in 2021. Scaling Up: The Road to 5,000 Connected Schools: The collaboration, spearheaded by the Airtel Africa Foundation and UNICEF, has successfully connected 3,296 schools to date. With a renewed commitment, the telecommunications operator aims to bring free internet to a total of 5,000 schools by 2027. This ongoing expansion is designed to close the…
Menlo Park: TECHz – News Desk Snowflake has announced a five-year, $6 billion infrastructure commitment to Amazon Web Services (AWS), marking the largest cloud agreement in the company’s 11-year history. This massive investment reflects a fundamental shift in the enterprise sector, as AI deployments transition from short-term experimental pilots into persistent, production-grade workloads that require continuous computational power. To support these advanced “agentic AI” systems – which actively reason over data and coordinate workflows – Snowflake will heavily utilize AWS’s custom Arm-based Graviton processors alongside GPU-accelerated EC2 instances. This hardware strategy allows Snowflake to run its traditional data warehousing operations…
Victoria: TECHz – News Desk Cryptocurrency exchange Bitget has reported a massive wave of growth across its trading platform and decentralized wallet ecosystem, capped off by the rollout of a brand-new passive income vehicle for stablecoin holders. According to Bitget’s newly released Q2 2026 transparency report, the platform experienced a stellar 114% quarter-on-quarter explosion in spot trading volume, totaling $263 billion. CryptoRank data highlights that this surge secured Bitget’s position as the world’s second-largest exchange by spot volume, capturing an 8.8% market share. Notably, it stands out as the only mainstream exchange to log quarter-on-quarter growth during this timeframe. The…
Amsterdam: TECHz – News Desk Africa’s digital landscape is approaching a critical inflection point. Driven by rapid cloud migration, accelerating digital adoption, and the emergence of intensive AI workloads, the continent’s data centre needs are skyrocketing. McKinsey projects that installed capacity must expand from today’s 0.4 gigawatts to between 1.5 and 2.2 gigawatts by 2030 – a massive growth phase expected to unlock a minimum of $20 billion in new value-chain revenue. Capitalizing on this momentum, Raxio Group – Africa’s most expansive data centre platform – reported a staggering sixfold increase in contracted power during the first half of 2026…