In a bold move to fortify Africa’s digital future, Microsoft has announced a $1 million investment to train one million Nigerians in artificial intelligence (AI) and digital skills over the next two years. Unveiled at a high-profile event in Lagos on February 19, 2025, this initiative underscores Microsoft’s commitment to empowering Africa’s burgeoning workforce and […]
In a landmark development that promises to reshape Nigeria’s cocoa industry, Johnvents Group, a leading agribusiness and manufacturing conglomerate, has announced a strategic partnership with British International Investment (BII), the United Kingdom’s development finance institution and impact investor. This collaboration will see an investment of $40.5 million, aimed at boosting cocoa production, enhancing global export […]
Investors in HSBC Holdings Plc have expressed strong support for CEO Georges Elhedery’s decisive move to scale back the bank’s investment banking operations in Western markets. This strategic retrenchment aligns with HSBC’s long-term vision to concentrate on its more lucrative Asian franchises, even as U.S. President Donald Trump’s deregulatory policies spark optimism for increased capital […]
Restrata, a London-based provider of operational resilience software and services, has announced a significant investment from Scottish Equity Partners (SEP). This strategic partnership aims to accelerate Restrata’s product development, integrate AI-powered enhancements, and expand its operations across North America, Europe, and the Middle East. Founded in 2006, Restrata has established itself as a leader in […]
In a development that has sent ripples through the international business community, Volkswagen’s protracted tax dispute with India has resurfaced, highlighting the challenges foreign investors face in the country. The German automotive giant is contesting a staggering $1.4 billion tax demand from Indian authorities, a move that has reignited concerns about India’s complex tax environment […]
In a significant milestone underscoring Saudi Arabia’s ambitious economic transformation, Minister of Investment Eng. Khalid Al-Falih announced that nearly 600 global companies have established their regional headquarters in the Kingdom. This revelation came during a panel discussion titled “Ministerial Perspective on the Role of the Government to Enable the Private Sector,” part of the third […]
In a move that has sent shockwaves through the technology and artificial intelligence sectors, Elon Musk, the billionaire entrepreneur behind Tesla, SpaceX, and X (formerly Twitter), has led a consortium offering $97.4 billion to acquire OpenAI. The artificial intelligence research organization, which Musk co-founded in 2015 alongside Sam Altman, Greg Brockman, and Ilya Sutskever, has […]
In a significant move reflecting the evolving dynamics of global finance and environmental commitments, Australia’s Macquarie Group announced its departure from the Net Zero Banking Alliance (NZBA) on Tuesday. This decision aligns Macquarie with several major U.S. banks that have recently withdrawn from the UN-backed coalition dedicated to achieving net-zero greenhouse gas emissions by 2050. […]
In a landmark move that underscores France’s ambitions to be at the forefront of artificial intelligence (AI) development, President Emmanuel Macron has announced a record-breaking €109 billion ($113 billion) investment in AI projects. This announcement comes just ahead of the AI Action Summit in Paris, a crucial gathering of global leaders aimed at shaping the […]
The United Arab Emirates (UAE) is witnessing a significant expansion in its debt capital markets (DCM), with projections indicating a surge to $400 billion in the coming years. This rapid growth is driven by a combination of funding diversification, upcoming debt maturities, infrastructure financing, regulatory reforms, and the evolution of the Dirham Monetary Framework. According […]
In a dramatic escalation of trade tensions, the United States has imposed a 10 percent reciprocal tariff on Kenyan exports,...
In a dramatic statement that underscores the rising tensions between Washington and Tokyo, Japanese Prime Minister Shigeru Ishiba has described...
In a move that has sparked intense debate across the country, South Africa’s parliament approved a controversial budget framework on...
In a bold move set to redefine the investment landscape in Kenya, the Kenya Private Sector Alliance (KEPSA) and the...