Financials Intel and Arm have set up an initiative for supporting start-ups, called the Emerging Business Initiative. The companies will provide IP support, manufacturing support, and financial assistance for startups developing devices and servers built on Arm-based SoCs and manufactured by Intel Foundry. Ericsson will cut its workforce in Sweden by 1,200 as demand from operators slows. The vendor cut 8,500 jobs in 2023. Telkom South Africa has sold its tower unit Swiftnet for ZAR6.75 billion (US$355 million) to infrastructure-focused private equity firm Actis. Funds will be used to pay down debt. The mobile money market grew by 14% last year in terms of total transaction amount, to $1.4 trillion, according to the GSMA’s Mobile Money Programme report. Sub-Saharan Africa…