In a significant declaration of its enduring commitment to the American economy and its vast consumer base, Mars, Incorporated, the global powerhouse behind over 40 beloved snacking, food, and pet care brands, has announced a monumental investment of an estimated $2 billion into its U.S.-based manufacturing operations by the end of 2026. This strategic infusion […]
In a significant move poised to reshape Tanzania’s telecommunications landscape, Vodacom Tanzania Plc, the nation’s leading mobile operator, has successfully completed its strategic takeover of Smile Communications Tanzania Ltd. This pivotal acquisition, valued at Tsh73.22 billion (approximately $28.18 million USD), marks a decisive step for Vodacom in its ambitious drive to accelerate the rollout of […]
In a move that could significantly reconfigure the competitive landscape of East Africa’s alcoholic beverage industry, British multinational alcoholic beverage giant Diageo Plc has initiated a comprehensive review of its majority stake in the publicly listed brewer, East African Breweries Ltd. (EABL). This strategic assessment, first reported by Bloomberg, signals a potential divestment from what […]
In a monumental announcement poised to reshape the global energy landscape, Venture Global LNG, a leading U.S. liquefied natural gas (LNG) producer, has officially reached a Final Investment Decision (FID) and successfully closed the project financing for the first phase of its highly anticipated Venture Global CP2 LNG facility. This colossal undertaking, coupled with its […]
A significant new $100 million agricultural investment by China’s Sinohydro Group in Angola has ignited a fresh round of discussions concerning land access, national food security, and the evolving dynamics of foreign influence in African agriculture. Announced this week in the Angolan capital, Luanda, this deal marks China’s second major agricultural commitment to the Southern […]
Kenya is on the cusp of a significant transformation in its burgeoning gambling sector, as the Senate’s approval of the final version of the Gambling Control Bill paves the way for presidential assent. This landmark legislation introduces a stringent new minimum capital requirement of KSh 100 million (approximately US$770,000) for online betting operators, a dramatic […]
In a move poised to significantly reshape global economic alliances and critical supply chains, Japan has unveiled a colossal $550 billion investment package. This sweeping initiative, agreed upon as part of a broader U.S. tariff deal, is not merely a financial commitment but a profound strategic maneuver aimed at bolstering economic security, particularly in the […]
In a pivotal decision that promises to redefine the landscape of African entertainment, South Africa’s Competition Tribunal has granted conditional approval for the acquisition of MultiChoice Group Limited by French media giant Groupe Canal+ SAS. This landmark deal, valued at approximately R55 billion (equivalent to around US$3 billion at the time of the offer), marks […]
The Nairobi Securities Exchange (NSE) today welcomed a significant new entrant to its Growth Enterprise Market Segment (GEMS) as Shri Krishana Overseas (SKL) officially listed under the ticker $SKL. Shares of the prominent Kenyan packaging company debuted at KSh 5.90, marking a pivotal moment not only for SKL but also for the broader landscape of […]
In a landmark moment for global trade and international relations, the United Kingdom and India today formally inked a comprehensive free trade agreement (FTA), heralded by Prime Minister Keir Starmer as a “major win for Britain.” The signing ceremony, which saw Prime Minister Starmer host his Indian counterpart, Narendra Modi, marks the culmination of extensive […]
Tata Chemicals Magadi Limited has announced a significant and ambitious expansion plan for its soda ash mining activities at Lake...
The influential OPEC+ alliance has announced a significant decision to increase its collective oil production by 547,000 barrels per day...
South Africa is bracing for a significant economic blow as a 30% tariff on its exports to the United States...
Absa Bank Kenya has significantly bolstered its commitment to addressing Kenya's persistent affordable housing deficit, earmarking KES 4 billion for...
