Shares of SoftBank Group plunged as much as 9.2% Wednesday, leading losses across major technology firms in Asia, as technology stocks across the region declined sharply, tracking losses in U.S. peers overnight. The tech-focused investment firm saw shares drop for a second consecutive session, following its announcement of a $2 billion investment in Intel, which […]
CrossBoundary Energy (CBE) has secured a US$40 million equity-like capital investment from a new partner, Impact Fund Denmark (IFDK). The investment will help CBE build its rapidly expanding portfolio of clean energy projects across Africa, addressing one of the continent’s most pressing development challenges. Thomas Hougaard, Managing Director and Co-Head of Green Energy and Infrastructure […]
Knight Frank Kenya, a leading property consultancy, has released its highly anticipated Kenya Market Update for H1 2025, painting a picture of remarkable resilience and growth across the country’s real estate landscape. The comprehensive analysis reveals a sector that has not only weathered recent economic challenges but emerged stronger, with a robust 5.6% growth rate […]
Intel Corporation received a significant boost on Monday as Japanese technology investment giant SoftBank announced a $2 billion investment in the embattled American chipmaker, paying $23 per share for common stock. The announcement came amid swirling reports that the Trump administration is simultaneously exploring a government stake in the company, marking an unprecedented convergence of […]
Uganda’s inaugural 25-year Treasury bond has shocked financial markets with an unexpectedly low 16% yield, defying conventional wisdom and market expectations in a move that signals the government’s aggressive strategy to control spiraling debt servicing costs. The Bank of Uganda’s deliberate rejection of higher-yielding bids has created ripple effects across East Africa’s financial landscape, challenging […]
The Nairobi Securities Exchange (NSE) has concluded a week of extraordinary gains, with market capitalization soaring past the KSh 2.6 trillion mark for the first time since February 2022. This rally, fueled by a potent combination of strong corporate performance, robust dividend announcements, and a resurgence of foreign investor confidence, has seen key indices hit […]
In a move set to redefine global resource security and green technology development, the governments of India and the United Kingdom have announced a groundbreaking joint initiative. With a combined investment of £1.8 million, the two nations are establishing the world’s first UK-India Critical Minerals Supply Chain Observatory. This landmark collaboration, launched under the ambitious […]
In a major step toward addressing the world’s most pressing resource challenge, the United Arab Emirates and the Republic of Senegal have reinforced their partnership at the Africa Water Investment Summit. The two nations, in their capacity as co-hosts of the upcoming 2026 UN Water Conference, convened a high-level session to tackle a formidable global […]
In a move set to rekindle Kenya’s position as a major player in the global mineral market, Sofax Fluorspar Kenya has today signed a landmark Memorandum of Understanding (MoU) with the Chinese firm, Mizztech Group, to refurbish its processing plant in the mineral-rich Kerio Valley. This agreement signals a significant milestone, marking a crucial step […]
Shares in tech giant Intel Corp. skyrocketed on Thursday, jumping by more than 7% in a single day of trading, following a bombshell report from Bloomberg. The report revealed that the Trump administration is in deep discussions about the possibility of the U.S. government taking a direct stake in the struggling chipmaker. The news, which […]
Global credit ratings agency S&P Global Ratings upgraded Kenya's long-term sovereign credit rating to 'B' from 'B-' on Friday, citing...
Syria will issue new banknotes in December 2025, removing two zeros from its currency in an ambitious attempt to restore...
Reserve Bank Governor Lesetja Kganyago has issued a stark warning that South Africa is heading toward serious financial trouble, with...
HewaTele Limited, a Kenyan medical oxygen producer, has secured US$10.5 million from AfricInvest's Transform Health Fund to build a large-scale...
