Microsoft has once again expanded its growing suite of generative AI tools with the launch of Bing Video Creator, a feature within the Bing mobile app (for both iOS and Android) that enables users to generate short video clips from simple text prompts. Powered by OpenAI’s cutting-edge video generation model, Sora (previously restricted to paying […]
The African Development Bank (AfDB) is set to launch a groundbreaking Africa Carbon Support Facility, aimed at kickstarting a robust carbon market across the continent. Announced during the Bank’s annual meeting in Abidjan, Côte d’Ivoire, this facility will help African governments create the policies, regulatory frameworks, and market infrastructure needed to turn carbon credits into […]
President William Ruto has unveiled a Sh1.5 billion government plan to construct three additional fish-landing beaches along the shores of Lake Victoria, aiming to accelerate economic transformation in Kenya’s Nyanza region and strengthen food security through sustainable fishing practices (Capital FM). Unlocking the Blue Economy: A Strategic Imperative Lake Victoria, the largest freshwater lake in […]
Universal Robina Corporation (URC), the Gokongwei family-owned food and beverage powerhouse behind brands like Jack ’n Jill chips and C2 iced tea, has drawn the attention of one of the world’s largest asset managers. U.S.-based Capital Group Companies Inc. (CGC) has quietly accumulated a 5.052 percent stake in URC, claiming 108.11 million common shares through […]
Sweden’s Swedfund has led a coordinated $30 million equity investment into the Novastar Ventures Africa People and Planet Fund III (NVIII), alongside Norway’s Norfund and the UK’s British International Investment (BII). The allocation—$10 million from each institution—marks a significant vote of confidence in homegrown climate-tech entrepreneurs that are developing clean, scalable solutions to Africa’s climate […]
Investment Overview: Powering the Intelligent Economy Safaricom PLC has announced a landmark commitment of Sh65 billion (approx. $500 million) to develop artificial intelligence (AI) infrastructure across East Africa over the next three years. The announcement, made by Chief Enterprise Business Officer Cynthia Kropac during her keynote at the Connected Africa Summit 2025 in Diani, Kwale […]
Kingdom’s Bold AI Ambition Takes Center Stage HUMAIN, the kingdom’s newly founded artificial intelligence company backed by the sovereign Public Investment Fund (PIF), is preparing to unveil a staggering $10 billion venture capital fund this summer. Dubbed HUMAIN Ventures, the fund is set to back the next generation of AI innovators across the United States, […]
A New Chapter for Frontier-Market Finance The Africa Resilience Investment Accelerator (ARIA)—the innovative platform founded by British International Investment (BII) and the Dutch entrepreneurial development bank FMO—is entering its second phase with the arrival of PROPARCO, the private-sector financing arm of France’s Agence Française de Développement (AFD) Group, as a full funding partner. Launched in […]
East Africa’s Largest AI & Innovation Ecosystem Event The world’s largest tech show brand, GITEX, is making its mark in East Africa. Organised by KAOUN International in partnership with the Office of the Special Envoy on Technology of the Republic of Kenya and Africa’s premier technology catalyst, dx⁵ (pronounced “dx-five”), Ai Everything Kenya x GITEX […]
The Deal at a Glance Donald Trump’s media arm, Trump Media & Technology Group (TMTG), operator of Truth Social and associated platforms, announced on May 27, 2025, that it has secured a $2.5 billion financing package from roughly 50 institutional investors to build what it terms a “bitcoin treasury.” The package comprises $1.5 billion in […]
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...
