SMART CITY FUND
SA cities keen on Huawei's smart city development project
Chinese technology company Huawei says some South African cities have expressed an interest in its $1.5bn smart city development fund. While many cities were interested in launching smart city projects, their budgets did not always allow for these initiatives, said Edwin Diender, vice-president of the government and public utility sector at Huawei Enterprise Business Group. The fund aimed to get these cities over "the last mile stage" of negotiations and would not be tied only to Huawei’s technologies, Diender told Business Day. Huawei said in May it had launched the global financing facility for smart city projects in partnership with US-based Smart City Capital, which sourced the funding. The smart city model is premised on using information and communications technology to make cities safer and run more efficiently.
"More than 100 [city representatives] from all over the world have already expressed an interest in the fund and have asked what they need to do, what the prere...
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