Intel investing in the tech firms of developing countries

Intel is partnering with the World Bank to invest in technology firms in developing countries. Intel Capital, the investment fund for chipmaker Intel, is focusing on African markets that are lacking the venture and growth capital to innovate. Given the success of mobile phone technology in Africa, there is a demand for broadband infrastructure, IT, and data services. Companies that have risen to meet this need are of prime interest to Intel and the World Bank. There is a worldwide interest in growing the market for affordable high-tech goods, as evidenced by the IFC's investment of $19 billion in developing countries in 2011.