The Annual Investment Congress (AIM Congress 2024) in Abu Dhabi from May 7-9 brought together over 12,427 participants from 179 countries, including more than 100 ministers, mayors, and central bank governors. This year’s congress focused on the significant potential and global economic implications of BRICS expansion. TV BRICS, the event’s media partner, highlighted key discussions […]
During her visit to Nairobi, U.S. Secretary of Commerce Gina Raimondo underscored Kenya’s pivotal role in Africa’s digital landscape. Alongside the President’s Advisory Council on Doing Business in Africa, Raimondo unveiled strategic collaborations and commercial agreements aimed at harnessing Kenya’s digital prowess. Highlighting Kenya’s status as a digital hub, Raimondo applauded President William Ruto’s efforts […]
Kenya is gearing up for President William Ruto’s forthcoming state visit to the United States with an ambitious goal: securing investment deals totaling Sh32.56 trillion ($250 billion). Investment, Trade, and Ministry Cabinet Secretary, Rebecca Miano, unveiled the strategic plan, emphasizing the importance of this opportunity to bolster economic ties and attract foreign investments. During the […]
Amazon Web Services (AWS) has announced a major investment of €7.8 billion ($8.44 billion) to enhance its cloud computing infrastructure in Germany, aiming to strengthen its presence in Europe. This initiative will see the establishment of multiple data centers in the German state of Brandenburg by the end of 2025. This investment supports AWS’s strategy […]
In a significant stride towards promoting sustainable living standards in Africa, Vitol and its subsidiary Vivo Energy have unveiled plans to invest over $550 million by 2030. This substantial commitment aims to bolster infrastructure vital for advancing clean cooking solutions across the continent. The announcement was made during a high-profile summit on clean cooking in […]
Nairobi, Kenya – In a move set to invigorate Kenya’s business landscape, CCI Global, a prominent international outsourcing firm, has unveiled plans for a state-of-the-art call centre facility in Tatu City, Kenya’s esteemed Special Economic Zone. This $50 million investment is anticipated to generate over 5,000 employment opportunities for Kenyan citizens. The facility’s inauguration on […]
France’s economic prowess shines as it secures an unprecedented influx of foreign investments, totaling over 15 billion euros ($16.2 billion). President Emmanuel Macron’s rendezvous with global business leaders at the illustrious Chateau de Versailles, themed “Choose France,” unveiled this remarkable achievement. Tech juggernaut Microsoft spearheads the investment wave, committing a substantial four billion euros towards […]
Golden Town Development, a prominent player in Egypt’s real estate sector, announced a significant stride in its expansion plans by forming a strategic alliance with Saudi businessman Ahmed bin Abed Al-Juhani. This collaboration aims to channel substantial investments, totaling EGP 10 billion ($208.4 million), into Egypt’s dynamic real estate market. Chairman Raafat Maher emphasized the […]
In a strategic move set to enhance trade and investment opportunities, Kenya has announced a collaborative infrastructure venture with Madagascar. Spearheaded by Gabeire A Group (GAG), a Kenyan company renowned for its expertise, the project entails the construction of a 250-kilometer road connecting Antananarivo to Toamasina. This initiative aims to bolster economic relations between the […]
A strategic investment by China in Africa’s lithium mining sector is proving fruitful, with a notable revival observed at a previously dormant mining site in northwest Zimbabwe. This resurgence follows significant investment from a Chinese company into a modern lithium processing plant, reflecting the global surge for this valuable resource. The Kamativi lithium mine, situated […]
Despite confronting a challenging economic environment marked by slower GDP growth, elevated interest rates, and mounting operational expenses, Kenya's banking...
The United States government shutdown has entered a critical phase as it becomes the second-longest funding lapse in the nation's...
In a landmark move that signals a significant shift in international financial cooperation and the evolving architecture of global finance,...
The Central Bank of Kenya (CBK) has launched a strategic KSh 30 billion voluntary buyback programme for investors holding the...
