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 […]
In a significant move set to reshape South Africa’s entrepreneurial landscape, ASI Financial Services has unveiled a groundbreaking R300 million (approximately $17 million USD) Entrepreneurship-Through-Acquisition (ETA) Search Fund. This innovative initiative directly confronts two pressing national challenges: the critical succession gap among Small and Medium-sized Enterprise (SME) owners and the persistently high youth unemployment rate. […]
In a landmark development for global development finance, Kenya and Senegal have officially become the newest shareholders of the European Bank for Reconstruction and Development (EBRD), bringing the total number of its member countries to 79. This pivotal expansion marks a significant step in the EBRD’s strategic move to extend its operations into Sub-Saharan Africa […]
In a move that underscores the relentless acceleration of the artificial intelligence arms race, OpenAI and Oracle have announced a significant deepening of their collaboration, committing to develop an additional 4.5 gigawatts of data center capacity. This staggering expansion builds upon the already ambitious “Project Stargate” initiative, a colossal undertaking poised to reshape the global […]
Global energy giant TotalEnergies has announced the successful commencement of production from two significant new projects in Angola’s deepwater Blocks 17 and 17/06. These strategic investments, the Begonia and Clov Phase 3 subsea satellite developments, are poised to collectively add 60,000 barrels of oil per day (bpd) to Angola’s output, reinforcing the nation’s crucial role […]
Kenya’s domestic debt market is buzzing with renewed activity as the Central Bank of Kenya (CBK) officially launches the first infrastructure bond (IFB) auction for the 2025/26 fiscal year. This strategic move aims to raise a substantial KSh 90 billion, signaling the government’s continued reliance on the local bond market to finance its ambitious development […]
In a significant development poised to reshape the competitive landscape of artificial intelligence, two industry titans, Nvidia Corp. (NASDAQ: NVDA) and Snowflake Inc. (NYSE: SNOW), have jointly spearheaded a substantial new funding round in the burgeoning AI startup, Reka AI. This strategic investment, totaling an impressive $110 million, has propelled the three-year-old company into the […]
The 32nd Annual Meetings of the African Export-Import Bank (Afreximbank), known as AAM2025, recently concluded with a resounding declaration of commitment to Africa’s economic transformation. A series of impactful deal signings during the event underscored Afreximbank’s proactive role in de-risking and accelerating critical infrastructure and industrial projects across the continent. Four significant project preparation transactions […]
President William Ruto has unveiled an ambitious infrastructure development plan that will see the Nairobi-Nakuru-Mau Summit Highway extended to cover...
In a significant policy announcement that has captured the attention of global financial markets, the People's Bank of China (PBOC)...
In a landmark achievement for African climate resilience, Mozambique has received a $2 million insurance premium for drought protection covering...
East African Breweries Limited (EABL), Kenya's leading alcoholic beverages manufacturer, has launched an ambitious fundraising initiative that opens the door...
