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Round-up of the latest industry news – December 2022

19.12.2022
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Round-up of the latest news

Microsoft will set up a ‘data boundary’ in the European Union for its cloud customers. The move allows users to store and process data within the bloc. The boundary will be introduced in phases, beginning in January 2023.

The US has committed to spending $55 billion in Africa over the next three years. The announcement was made during the three-day US-Africa summit, involving 49 African leaders. $350 million will be spent on improving the digital economy. American companies also announced significant investments, including a $1 billion commitment from Visa to expand its digital payment reach. The summit is being seen as a ‘catch-up’ move to demonstrate that the US can be a better partner to African countries than either China or Russia.

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