Kenyan startups clinched Ksh 82.5 billion in funding during 2024, equivalent to 29% of all venture capital invested across Africa, according to the Kenya Innovation Outlook 2024 and data from Africa: The Big Deal (citizen.digital). This positions Kenya ahead of traditional leaders—Nigeria, Egypt, and South Africa—as the continent’s top destination for startup investment. While impressive, this […]
Global energy investment is set to reach a record $3.3 trillion in 2025, according to the latest World Energy Investment 2025 report by the International Energy Agency (IEA). Despite uncertainties from economic pressures and geopolitical tensions, the lion’s share of capital is flowing into clean energy—$2.2 trillion, roughly double fossil-fuel spending of $1.1 trillion (reuters.com). Key takeaway: The […]
Dangote Petrochemicals—a spinoff from the massive Dangote Refinery and Petrochemicals complex—is on the verge of a groundbreaking listing on the Nigerian Exchange (NGX) before the end of June 2025. NGX Chairman, Dr Umaru Kwairanga, confirms the group has obtained regulatory approval (thenationonlineng.net). Once floated, the listing is anticipated to strengthen market confidence, attract substantial investment, and align […]
In a move that promises to deepen economic ties between Latin America and East Africa, Senator H.E. José Gonçalves Oliveira from Pará the largest state in Brazil has landed in Kenya to explore investment opportunities worth up to $40 billion in health technology and agriculture. This visit, facilitated by prominent Kenyan businessman James Wanjohi Njoroge, […]
Qatar’s sovereign wealth fund, the Qatar Investment Authority (QIA), has recently acquired a 49% stake in Msheireb Properties, marking a significant step towards bolstering smart and sustainable urban development in the Gulf state. This strategic partnership aligns with Qatar’s ambitious goals of economic diversification, environmental sustainability, and urban innovation set out in the Qatar National […]
Wingu Africa, a leading digital infrastructure company, has secured $60 million in financing from Rand Merchant Bank (RMB) to accelerate its expansion of data center facilities across key East African markets including Djibouti, Ethiopia, and Tanzania. This investment marks a pivotal moment in Africa’s quest for digital sovereignty, underpinning the continent’s drive to build resilient, […]
The Competition Authority of Kenya (CAK) has recently approved a major acquisition deal, clearing the way for U.S.-based Nigerian fintech Moniepoint Inc. to acquire a controlling 78% stake in Sumac Microfinance Bank Limited. This development marks a significant milestone for Moniepoint as it plans to establish a strong foothold in Kenya’s burgeoning financial services sector. […]
Microsoft has announced a major $400 million investment aimed at significantly expanding its data center capacity in Switzerland, reinforcing its commitment to the country’s digital transformation and positioning it as a hub for cloud and artificial intelligence (AI) services. The investment will focus on enhancing existing facilities near Zürich and Geneva to meet escalating demand […]
The Nigerian Exchange Group (NGX) recorded a remarkable performance in May 2025, delivering the second-best return among major African stock exchanges. With a robust month-to-date gain of 5.62%, the Nigerian All-Share Index (ASI) showcased strong investor confidence and market resilience, outpacing notable exchanges such as Casablanca, Johannesburg, Cairo, and Accra. This performance marks a positive […]
NAIROBI – In a significant move to modernize Kenya’s power infrastructure and support its transition to renewable energy, the Government of Kenya and the French Development Agency (AFD) have joined forces to launch the National System Control Centre (NSCC) project. Valued at Sh12 billion (approximately €94 million), the NSCC is set to become the nerve […]
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...
