In a move set to significantly reshape Kenya’s financial landscape, the Competition Authority of Kenya (CAK) has officially authorized the proposed merger that will see Gulf African Bank Limited acquired by Soren Investment Company Limited, a Dubai-based entity. This landmark approval, announced in a gazette notice on Friday, June 20, 2025, marks a pivotal moment […]
In a significant move poised to redefine economic ties between two prominent global players, Badan Pengelola Investasi Daya Anagata Nusantara (Danantara Indonesia), a key Indonesian state-owned investment vehicle, and the Russian Direct Investment Fund (RDIF), Russia’s sovereign wealth fund, have officially announced the establishment of the Russia-Indonesia Investment Platform (RIDNIP). This ambitious joint venture, armed […]
In a monumental development poised to reshape its economic future, the government of Malawi has officially sealed a landmark $7 billion agreement with the Chinese conglomerate, Hunan Sunwalk Technology Group. This pact, representing the single largest foreign investment in the nation’s burgeoning mining sector, is set to unlock the vast potential of Malawi’s mineral resources, […]
In a significant boost for economic development and job creation across East and Central Africa, Italy has formally committed to spearheading the revival and expansion of Kenya’s vibrant but underexploited leather and tanning industry. This landmark partnership, solidified with Equity Group Holdings as the strategic financial catalyst, promises to unlock immense potential, transforming raw hides […]
In a move set to significantly accelerate its global expansion and cement its position as a transformative force in the international automotive trading landscape, Weston N.V., a leading Belgian-headquartered automotive trading company, today announced a substantial €100 million investment commitment from GEM Global Yield LLC SCS (“GEM”). This strategic partnership with GEM, a formidable $3.4 […]
In a monumental stride towards fostering robust economic development and sustainable growth across East Africa, the East African Development Bank (EADB) has officially inked its largest single financing agreement to date with the OPEC Fund for International Development. The landmark deal, formalized on Wednesday at the OPEC Fund’s headquarters in Vienna, secures a substantial US$40 […]
Today’s business headlines are buzzing with two distinct yet equally significant developments signaling a profound shift in the global digital landscape. From the launch of a new AI-powered software testing venture by the seasoned founders of Expensya to Kenya’s strategic extension of its national real-time payment system’s operating hours, these moves underscore a relentless drive […]
In a move poised to reshape the landscape of American manufacturing and reinforce the nation’s technological sovereignty, computer chip behemoth Texas Instruments (TI) today announced an unprecedented investment exceeding $60 billion in its U.S. operations. This “largest investment in foundational semiconductor manufacturing in US history” comes amidst escalating pressure from the Trump administration to reshore […]
In a significant stride towards fostering local technological innovation and empowering developers across the continent, tech giant Meta has officially launched its Llama Impact Accelerator Program across Sub-Saharan Africa. This groundbreaking initiative, developed in partnership with national innovation agencies and a diverse array of ecosystem partners, aims to cultivate open-source Artificial Intelligence (AI) tools meticulously […]
In a groundbreaking move set to revolutionize financial inclusion for millions, Britam Holdings Plc (NSE: BRIT), a leading diversified financial services group, through its dynamic innovation hub, BetaLab, has announced a strategic KES 5 million investment in Oye, a pioneering Kenyan fintech startup. This significant partnership is poised to transform how Kenya’s vast network of […]
The Kenya Human Rights Commission (KHRC) has released a scathing new report, "Failing the Hustlers," sharply criticizing the government's flagship...
The European Commission has officially launched a comprehensive public consultation and call for evidence for its eagerly anticipated Circular Economy...
In a decisive move to cushion its economy from the impact of new 30% tariffs imposed by the United States,...
In a significant move poised to inject fresh dynamism into Kenya's economy, NCBA Bank Kenya, a leading player in asset...
