May 19, 2020

AfDB grants Tunisian Electricity and Gas Company US$138mn

Technology
Sustainability
electricity
Renewables
Leah Netabai
2 min
Finance and IT Execs to Gather in Dubai for Middle East Banking Innovation Summit

African Development Bank (AfDB) board of directors has approved a US$152mn funding to develop a renewable energy project.

The finance for the project includes US$119mn from the bank, US$33mn from the Africa Growing Together Fund (AGTF) as well as US$133mn from the Islamic Development Bank (IDB) and US$34mn from the Tunisian Electricity and Gas Company (STEG).

"This is a truly structuring project. Its impact will be significant on the quality of electricity supplied throughout the country, "said Mohamed El Azizi, the Bank's Managing Director for the North Africa Region. "As a result, STEG will be better able to cope with the continued rise in demand and to transport an even larger flow of electricity, including that to be generated by future solar and wind power plants, which are under development. " he added.

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The project aims to strengthen the electricity transmission infrastructure, allowing greater stability of the electricity grid and improve the quality of services provided by STEG.

"This operation is one of the prerequisites for the development of renewable energies which will be accompanied by a strong integration of companies, favouring the creation of a new industrial sector generating jobs for young people.” Said Yacine Diama Fal, the Deputy Director General and Country Manager of the Bank for Tunisia.

Over the last three months, AfDB has been investing in EgyptSomaliaZimbabweEastern and Southern AfricaGhanaBenin, Malawi and the Sudan, seeing strong results.

Did you know? AfDB received a CIPS Procurement Excellence Programme Award in September 2019.

 

For more information on business topics in the Middle East and Africa, please take a look at the latest edition of Business Chief MEA.

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Jun 18, 2021

GfK and VMware: Innovating together on hybrid cloud

GfK
VMware
3 min
VMware has been walking GfK along its path through digital transformation to the cloud for over a decade.

GfK has been the global leader in data and analytics for more than 85 years, supplying its clients with optimised decision inputs.  

In its capacity as a strategic and technical partner, VMware has been walking GfK along its digital transformation path for over a decade. 

“We are a demanding and singularly dynamic customer, which is why a close partnership with VMware is integral to the success of everyone involved,” said Joerg Hesselink, Global Head of Infrastructure, GfK IT Services.

Four years ago, the Nuremberg-based researcher expanded its on-premises infrastructure by introducing VMware vRealize Automation. In doing so, it laid a solid foundation, resulting in a self-service hybrid-cloud environment.

By expanding on the basis of VMware Cloud on AWS and VMware Cloud Foundation with vRealize Cloud Management, GfK has given itself a secure infrastructure and reliable operations by efficiently operating processes, policies, people and tools in both private and public cloud environments.

One important step for GfK involved migrating from multiple cloud providers to just a single one. The team chose VMware.

“VMware is the market leader for on-premises virtualisation and hybrid-cloud solutions, so it was only logical to tackle the next project for the future together,” says Hesselink.

Migration to the VMware-based environment was integrated into existing hardware simply and smoothly in April 2020. Going forward, GfK’s new hybrid cloud model will establish a harmonised core system complete with VMware Cloud on AWS, VMware Cloud Foundation with vRealize Cloud Management and a volume rising from an initial 500 VMs to a total of 4,000 VMs. 

“We are modernising, protecting and scaling our applications with the world’s leading hybrid cloud solution: VMware Cloud on AWS, following VMware on Google Cloud Platform,” adds Hesselink.

The hybrid cloud-based infrastructure also empowers GfK to respond to new and future projects with astonishing agility: Resources can now be shifted quickly and easily from the private to the public cloud – without modifying the nature of interaction with the environment. 

The gfknewron project is a good example – the company’s latest AI-powered product is based exclusively on public cloud technology. The consistency guaranteed by VMware Cloud on AWS eases the burden on both regular staff and the IT team. Better still, since the teams are already familiar with the VMware environment, the learning curve for upskilling is short.

One very important factor for the GfK was that VMware Cloud on AWS constituted an investment in future-proof technology that will stay relevant.

“The new cloud-based infrastructure comprising VMware Cloud on AWS and VMware Cloud Foundation forges a successful link between on-premises and cloud-based solutions,” says Hesselink. “That in turn enables GfK to efficiently develop its own modern applications and solutions.

“In market research, everything is data-driven. So, we need the best technological basis to efficiently process large volumes of data and consistently distill them into logical insights that genuinely benefit the client. 

“We transform data and information into actionable knowledge that serves as a sustainable driver of business growth. VMware Cloud on AWS is an investment in a platform that helps us be well prepared for whatever the future may hold.”

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