In a move set to invigorate the country’s youth entrepreneurship landscape, President William Ruto has announced the government’s plan to establish a Youth Enterprise Investment Bank. This new financial institution, to be capitalized at an impressive Ksh9.75 billion, is poised to become a cornerstone of the administration’s strategy to address the pervasive issues of youth […]
In a significant move signaling a long-term commitment to U.S. pharmaceutical independence and innovation, global biopharmaceutical company AbbVie (NYSE: ABBV) has announced a substantial $195 million investment. This capital will be used to expand its active pharmaceutical ingredient (API) manufacturing capabilities at its North Chicago, Illinois, plant. The announcement, made on August 12, 2025, is […]
In a landmark development poised to reshape the landscape of African aviation, Ethiopian Airlines has officially initiated the financing for its monumental mega-airport project. With a total estimated cost of over $10 billion, this ambitious infrastructure venture, located in Bishoftu, is set to become Africa’s largest aviation hub. The project has gained significant momentum with […]
The East African nation of Kenya has embarked on a new, multi-pronged strategy to finance its critical infrastructure projects, a move that comes after a high-profile cancellation of a deal with India’s Adani Group. In a significant shift from the previous plan, which involved a private concession, Kenya is now turning to international development lenders […]
In a move that could redefine its position in the tech landscape, Rumble, the video platform known for its “free speech” stance and growing presence as a Bitcoin treasury company, has announced a non-binding offer to acquire the German high-performance computing firm, Northern Data. The proposed all-stock transaction, valued at approximately $1.17 billion, is a […]
The announcement by the Kenyan National Treasury to raise approximately KShs 100 billion through the privatisation of the Kenya Pipeline Company (KPC) marks a pivotal moment in the nation’s economic strategy. This plan, to be executed through an initial public offering (IPO) on the Nairobi Securities Exchange (NSE), is presented as a strategic move to […]
In a landmark moment for the global artificial intelligence (AI) landscape, OpenAI CEO Sam Altman has announced a bold and compelling prediction: India is poised to become the company’s largest global market, surpassing even the United States. This declaration, made during the highly anticipated launch of OpenAI’s latest flagship model, ChatGPT-5, underscores a profound strategic […]
Foreign Direct Investments (FDI) into Nigeria have plummeted by a staggering 70.06% quarter-on-quarter, falling to a mere $126.29 million in the first quarter of 2025. This sharp decline from the $421.88 million recorded in the final quarter of 2024 is revealed in the latest Capital Importation report from the National Bureau of Statistics (NBS). While […]
In a major development for Nairobi’s urban landscape, the European Investment Bank (EIB), through its specialized development arm, EIB Global, has announced a significant investment of KSh 3.2 billion (equivalent to €21.5 million) to fund the construction of over 600 affordable, sustainable houses in the capital. This initiative is a part of a broader, ambitious […]
The landscape of technology investment is in the midst of a dramatic transformation, driven by the unprecedented rise of generative artificial intelligence (GenAI). According to a new study from EY Ireland, the first half of 2025 has seen a phenomenal surge in venture capital (VC) funding for GenAI, with global investment hitting a record-breaking $49.2 […]
Kenya is embarking on a transformative journey to unlock the vast economic potential of its ocean resources through the development...
The United States is hurtling toward a fiscal reckoning that would have seemed unthinkable just two decades ago. According to...
The African Development Bank Group has approved a landmark €117 million financing package to fundamentally transform Benin's 77 municipalities into...
The Kenyan government has published the Draft Kenya Sovereign Wealth Fund Bill, 2025, a landmark piece of legislation that establishes...
