The Mozambican government has approved 115 investment projects valued at about US$5 billion in the first half of 2025, with the potential to create 17,000 jobs, signaling a dramatic turnaround for the Southern African nation after years of economic and political challenges. Prime Minister Benvinda Levi announced the figures on August 30 at the closing […]
Key Takeaway: Finnfund’s $4 million investment in Poa Internet represents a strategic move to tackle Kenya’s digital divide, bringing affordable high-speed internet to underserved communities while positioning the country as a model for inclusive digital transformation across Africa. Finnfund, the Finnish development financier, has announced a $4 million debt investment in Poa Internet, Kenya’s fourth-largest […]
Japan’s Nippon Steel Corporation is embarking on an ambitious $11 billion investment program designed to dramatically transform U.S. Steel’s operations through advanced technology transfer and massive capacity expansion, marking one of the most significant foreign industrial investments in American steel manufacturing in decades. The investment initiative, which will run through 2028, represents a comprehensive overhaul […]
Bottom Line Up Front: Brazil’s state-owned Petrobras is poised to return to Nigeria after a five-year absence, bringing world-class deepwater technology and significant investment potential to unlock Nigeria’s vast untapped gas reserves, marking a transformative shift in Africa-Brazil energy cooperation. The African Energy Chamber (AEC) has welcomed the announcement of Petrobras’s imminent return to Nigeria, […]
Kenya Airways delivered a devastating blow to shareholders on Wednesday as its stock became the biggest loser at the Nairobi Securities Exchange (NSE), shedding 19.18 percent of its market value following the announcement of a crippling Sh12.15 billion half-year net loss. The dramatic collapse in share price came just a day after the national carrier […]
Alphabet’s Google announced Wednesday a monumental $9 billion investment in Virginia through 2026 to enhance its cloud computing and artificial intelligence infrastructure across the state, marking the latest chapter in the tech industry’s unprecedented data center expansion. The investment represents one of the largest technology infrastructure commitments in Virginia’s history and underscores the Commonwealth’s growing […]
The Federation of the UAE Chambers of Commerce and Industry has signed a landmark Memorandum of Understanding (MoU) with the Chamber of Commerce and Industry of Angola (CCIA) to establish the UAE-Angola Business Council, marking a significant milestone in strengthening bilateral economic relations and expanding investment opportunities between the two nations. The agreement was concluded […]
Kenya Airways, one of Africa’s three largest airlines, has announced plans to raise at least $500 million in additional capital to expand and modernize its fleet by the first quarter of 2026, following a significant financial setback that saw the carrier post a 12.17 billion shillings ($94.34 million) pretax loss in the first half of […]
South Korea’s most powerful industrial conglomerates have announced a groundbreaking $150 billion investment commitment in the United States, marking one of the largest foreign direct investment pledges in American history. This strategic initiative aims to merge Korea’s world-class manufacturing capabilities with America’s innovation ecosystem, targeting critical sectors from artificial intelligence and semiconductors to shipbuilding and […]
Africa has secured between USD 10 and 12 billion in preliminary annual financing pledges to address its vast water and sanitation shortfalls, following a groundbreaking three-day summit in Cape Town that many leaders are calling a transformational moment for the continent’s development trajectory. The AU-AIP Africa Water Investment Summit, held under South Africa’s historic G20 […]
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...
