When Sanlam Kenya Plc unveiled plans on April 3, 2025 to raise KSh 2.5 billion via a rights issue, the share price initially jumped to KSh 10.35—an unexpected reaction to what investors usually see as dilutive. Yet by May 9, the stock had retraced sharply, trading at KSh 5.88, a 43% plunge that brought it […]
In the first quarter of 2025, Saudi Aramco reported net income of 97.54 billion riyals (US $26.01 billion), a 4.6% decline from the same period a year earlier. Although this result modestly beat the median analyst forecast of US $25.36 billion, it highlights growing headwinds in the oil sector—from ebbing crude prices and rising costs […]
Since launching its Nigerian operations in 2001, MTN has poured more than US $10 billion into expanding the country’s digital backbone—building towers, laying fibre and extending mobile network coverage to millions. As Nigeria navigates currency volatility, inflationary pressures and an evolving regulatory landscape, MTN’s long-term investment underscores both its faith in Africa’s largest economy and […]
In a milestone achievement for East Africa’s telecommunications industry, Safaricom PLC (NSE: SCOM) reported total revenue of KES 388.7 billion (approximately $3 billion) for the year ended March 31, 2025—an 11.2 percent increase over the prior year. Net income climbed 10.8 percent to KES 69.8 billion, while Earnings Before Interest and Taxes (EBIT) surged 29.5 percent to KES 104.1 billion. The Board approved a total dividend payout of KES 48.08 billion, […]
In a move signaling the accelerating convergence of artificial intelligence and tax technology, Vertex Inc. announced a $15 million strategic investment in Kintsugi, a San Francisco–based AI‑driven tax compliance startup. The funding was part of an $18 million Series A round that lifted Kintsugi’s valuation to $150 million—double its worth just six months ago. Beyond capital, the partnership […]
In a landmark announcement from Yaoundé, Cameroon, the African Intellectual Property Organization (OAPI) and the African Guarantee Fund (AGF) unveiled a new $69 million (CFA 40 billion) innovation fund aimed squarely at catalyzing DeepTech ventures across Francophone Africa. Over the next five years, the initiative seeks to finance 1,000 high‑impact projects spanning artificial intelligence, biotechnology, advanced manufacturing and clean […]
Kenya is intensifying its efforts to revolutionize the water and sanitation sector, placing a strong emphasis on climate resilience, digital innovation, and private sector investment. This strategic shift comes ahead of the Kenya Water and Sanitation International Conference and Exhibition 2025, scheduled for June 23 to 27 at PrideInn Paradise Beach Resort in Mombasa. A […]
Nestlé has announced a fresh $75 million investment into its already thriving Tri An coffee plant in Vietnam’s Dong Nai province, reaffirming its long-standing commitment to one of the world’s leading coffee-producing nations. This expansion, coming as the company celebrates 30 years of operations in Vietnam, brings Nestlé’s total investment in the Tri An facility […]
In a landmark announcement at the 2025 Offshore Technology Conference (OTC) in Houston, Texas, Senator Heineken Lokpobiri, Nigeria’s Minister of State for Petroleum Resources (Oil), revealed that the African Export-Import Bank (Afreximbank) is set to inject $19 billion into the newly established African Energy Bank (AEB). This substantial financial commitment underscores a pivotal shift in […]
Prime Cabinet Secretary Musalia Mudavadi embarked on a landmark visit to Washington, D.C., this week, underscoring the deepening ties between Kenya and the United States. On May 6, 2025, he met with Congressman Brian Mast, Chairman of the U.S. House Foreign Affairs Committee, at Capitol Hill, lauding America’s steadfast support in promoting peace and regional […]
Kenyan exporters of agricultural produce are set to benefit from a significant trade breakthrough as the country finalizes a bilateral...
The first half of 2025 has delivered a stark wake-up call to the global insurance industry. According to preliminary estimates...
For international investors, Zambia’s debt restructuring journey has been a closely watched case study. As the first African nation to...
In a significant stride toward a sustainable and robust energy future, the Kenyan government has officially greenlit the development of...
