The Asian Development Bank (ADB) has signed a $50-million agreement with Kacific Broadband Satellites International Limited to expand connectivity in the Asia Pacific.
The venture is planned to cater remote areas of small island nations in the Pacific and larger island nations like Indonesia and the Philippines. According to the banks sources this is ADB’s first financing of the kind.
Education in the age of internet could be in for an exciting time ahead. The Global Learning XPRIZE on Monday shortlisted five out of 198 teams for a shot at the $10 million prize. The XPRIZE Foundation is non-profit organization that has launched several global competitions to find solutions for many of humanity’s problems like clean drinking water, housing, access to health facilities and environment protection.