Cisco To Fund Tech Hub in Africa
Cisco plans to open a $500k tech hub in Kenya. It will be completely open to all.
S-based tech giant Cisco Systems is set to open an innovation hub in Nairobi in September seeking to tap tech enthusiasts. The company is investing Sh50 million ($500,000) in setting up the lab with a capacity of about 50 developers per cohort.
But Cisco has a big issue at home as Amazon plans to start making tech gears.
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In another related report, the company’s shares and other network equipment makers fell on Friday after a report that Amazon.com Inc’s (AMZN.O) cloud services business was considering selling its own network switches to business customers at much lower prices.
Of course, there is nothing to worry (that much) as making gears would not be as simple as shipping toys and grocery items. Amazon has to master it first before it can take Cisco out of business.