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Adani Group JV eyeing a USD 400 mn loan:Data center provider AdaniConnex, a joint venture between Indian conglomerate Adani Group and global data center provider Edgeconnex, is in talks with global lenders to raise up to USD 400 mn via an offshore loan, Bloomberg reports, citing people with knowledge of the matter. The loan — the company’s second such transaction since June — will be used for growth plans this year. The USD 213 mn raised in June was used to build two data centers, the outlet writes, adding that the company plans to build nine more data centers with a total capacity of 1 GW by 2030.
ICYMI- Adani Group formed an AI JV with UAE-based Sirius International Holding, an IHC subsidiary, this week. The JV, 51% owned by Sirius and 49% by Adani, will deploy integrated digital platforms through artificial intelligence, internet of things (IOT), and secured blockchain products across infrastructure industries in India.
Somalia snubs Ethiopia-Somaliland port agreement: Somalia has rejected a pact that its breakaway region of Somaliland inked with Ethiopia, allowing Ethiopia access to a port on the Red Sea in exchange for recognition as a state, Reuters reported earlier this week. Somalia, which considers Somaliland a part of its territory, summoned the Ethiopian ambassador to protest the move and labeled the agreement as “null and void”. For its part, Somaliland has called on Somalia to apologize for its response, the newswire said.
ICYMI- Somaliland signed an MOU with Ethiopia granting it 50-year access to the port of Berbera on the Red Sea in exchange for recognition of its independence and an unspecified stake in Ethiopian Airlines.
