In a significant advancement for Kenya’s financial services sector, I&M Bank has launched FX Direct, an innovative digital platform that enables business, corporate, and institutional clients to execute foreign exchange transactions in real time. The announcement, made on November 12, 2025, during a media briefing in Nairobi, marks a pivotal shift in how the bank’s […]
In a landmark move that underscores the accelerating competition in the artificial intelligence industry, Anthropic has unveiled plans for a transformative $50 billion investment in American computing infrastructure. The ambitious initiative, announced on November 12, 2025, will see the AI safety company partnering with Fluidstack to construct state-of-the-art data centers in Texas and New York, […]
In a significant step toward economic diversification and long-term fiscal sustainability, Guinea has announced plans to establish its first sovereign wealth fund by the second quarter of 2026, with an initial capitalization of $1 billion. The announcement, made by Planning Minister Ismael Nabe in the capital Conakry on November 12, 2025, marks a pivotal moment […]
Nairobi – Kenya is embarking on an ambitious energy transformation agenda that seeks to more than triple the nation’s electricity generation capacity from the current 3,192 megawatts to 10,000 megawatts by 2032, leveraging strategic public-private partnerships (PPPs) with Gulf investors and other international players. This bold initiative, unveiled by President William Ruto following high-level discussions […]
Bangkok – Thailand is rapidly positioning itself as Southeast Asia’s premier destination for hyperscale data centre infrastructure, following the Board of Investment’s (BOI) landmark approval of four major projects valued at nearly 100 billion Thai baht (approximately 3.1 billion USD). This strategic move underscores the kingdom’s ambitious vision to transform itself into a regional digital […]
Lagos – In a landmark development that promises to reshape Africa’s energy infrastructure and bolster the continent’s refining capacity, an international energy consortium has secured over $50 billion in financing to construct what will become Africa’s second-largest oil refinery in Ondo State, Nigeria. This massive investment represents one of the most significant private-sector energy commitments […]
Naivas Supermarket has marked a historic milestone in Kenyan retail with the appointment of Andreas von Paleske as its Chief Executive Officer, making him the first non-family member to lead the company in its 35-year history. The leadership transition, which took effect on November 1, 2025, coincided with the release of impressive financial results showing […]
S&P Global has successfully completed its acquisition of ORBCOMM’s Automatic Identification System (AIS) business, marking a significant milestone in the company’s expansion of its maritime analytics and global trade intelligence capabilities. The announcement, made on November 10, 2025, underscores S&P Global’s strategic commitment to enhancing its supply chain intelligence offerings in an increasingly complex global […]
Ventures Platform’s announcement of a $64 million first close for its new VP Pan-African Fund II is a pivotal development in the evolution of Africa’s technology and startup ecosystem. The fund, which is targeting a final close at $75 million, seeks to enhance early-stage capital access, catalyze successful Series A rounds, and expand venture-building infrastructure […]
Africa-focused venture capital firm Novastar Ventures has secured a transformative $40 million equity commitment from the Green Climate Fund (GCF) for its new Africa People & Planet Fund III, which is targeting a total size of $200 million. The investment represents a significant milestone in efforts to bridge Africa’s massive climate finance gap and demonstrates […]
The Government of Germany, in partnership with the Government of Kenya and the United Nations High Commissioner for Refugees (UNHCR),...
The United Arab Emirates is positioning itself for another year of impressive economic expansion, with government projections indicating that the...
The Republic of South Africa has officially acceded to the Establishment Agreement of the African Export-Import Bank (Afreximbank), marking a...
The Nairobi Securities Exchange has entered uncharted territory as Safaricom's newly launched Ziidi Trader platform triggers unprecedented retail participation, fundamentally...
