The landscape of African development is at a critical juncture. Despite possessing an immense wealth of natural resources, the continent is grappling with a profound energy crisis that stifles economic progress and human potential. In a recent and urgent address, the outgoing President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, shone a stark […]
In a significant stride toward a sustainable and robust energy future, the Kenyan government has officially greenlit the development of the Olkaria VII Geothermal Power project. This new facility, spearheaded by state-owned electricity producer KenGen, is projected to inject a crucial 80.3MW of electricity into the national grid by mid-2027. This landmark project, a cornerstone […]
In a move that underscores the monumental shift in global infrastructure priorities, Apollo (NYSE: APO) today announced a definitive agreement for Apollo-managed funds (“Apollo Funds”) to acquire a majority interest in Stream Data Centers (“SDC”). This landmark transaction positions the newly formed partnership to become a dominant force in the rapidly expanding digital infrastructure landscape, […]
The African continent is on the cusp of a technological revolution, with its artificial intelligence (AI) market projected to undergo a dramatic expansion. According to a recent report by Mastercard titled “Harnessing the transformative power of AI in Africa,” the market is forecast to grow from an estimated $4.5 billion in 2025 to a remarkable […]
In a move set to significantly reshape Kenya’s digital financial landscape, Safaricom and PayPal have announced a groundbreaking strategic partnership. This collaboration is designed to enable seamless fund transfers between M-Pesa and PayPal accounts, unlocking a new era of global digital connectivity for millions. The alliance is poised to benefit over 35 million M-Pesa users […]
South Korea’s Ministry of SMEs and Startups (MSS) has unleashed its most ambitious global startup investment initiative to date, orchestrating a monumental ₩2.4 trillion KRW (approximately $1.84 billion USD) Global Fund program. This landmark endeavor seamlessly blends government capital with significant contributions from leading foreign Venture Capital (VC) firms, signaling a new era for Korean […]
In a significant shift within Africa’s dynamic startup ecosystem, Kenya’s clean energy startups have emerged as the undisputed leaders in July 2025 funding, capturing a staggering 83% of the continent’s $550 million boost. This remarkable performance, largely propelled by two pioneering Kenyan companies, underscores a growing investor appetite for sustainable solutions and a strategic pivot […]
In a significant move poised to inject fresh dynamism into Kenya’s economy, NCBA Bank Kenya, a leading player in asset financing, today announced a strategic partnership with Mobikey Truck & Bus Ltd. This collaboration is set to provide comprehensive and flexible asset financing solutions for a wide range of heavy-duty vehicles and machinery, including MAN […]
Saudi Aramco, the world’s preeminent oil exporter, today announced a significant 22% decline in its second-quarter net profit, primarily attributed to lower revenues and an increase in its debt burden. The results underscore the volatile nature of global energy markets and the complex challenges facing even the most robust players in the hydrocarbon sector. The […]
Morocco, a nation long recognized for its vast phosphate reserves, is embarking on an ambitious and comprehensive reform of its mining sector. Led by the Ministry of Energy Transition and Sustainable Development, under the guidance of Minister Leila Benali, this strategic overhaul aims to transform the sector into a dynamic engine for economic sovereignty and […]
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...
