Chinese smartphone maker Honor announced on Sunday at Mobile World Congress in Barcelona a staggering $10 billion commitment toward artificial intelligence over the next five years. The investment is not just about enhancing its existing smartphone lineup; it is a comprehensive plan to transform Honor from a traditional mobile device manufacturer into an “AI device […]
The SAEx East project—the ambitious South Africa-Singapore subsea cable initiative—has received renewed investment and fresh momentum. Reportedly in development for over a decade, this project is now poised to move from planning into its next critical phase, thanks to a major capital injection approved by South Africa’s Industrial Development Corporation (IDC). As the definitive feasibility […]
In a bold step aimed at transforming the financial landscape for rural Kenyans, Credit Bank Plc has launched its Sacco Cash Pickup Portal Remittance Service. This innovative initiative is designed to simplify the process of receiving overseas remittances while dramatically reducing the associated costs. Developed in close partnership with Skyline Sacco and supported by key […]
In a move that underscores Europe’s continued commitment to supporting Africa’s dynamic and evolving markets, the European Investment Bank (EIB Global) has injected $75 million into Helios Investors V, L.P. (Helios Fund V). This strategic investment, announced by EIB Vice-President Ambroise Fayolle at the Finance in Common Summit in Cape Town, South Africa, aims to […]
In a bold move reflective of both ambition and resilience in turbulent economic times, Egypt’s leading private equity firm, Ezdehar, has announced plans to deploy between $50 million and $100 million in 2025. Spearheaded by Founder and Managing Director Emad Barsoum, the firm is setting its sights on agile, fast-growing businesses that can weather the […]
East Africa is witnessing a significant leap forward in digital infrastructure as iX Africa Data Centres, the region’s largest hyperscale facility provider, officially launches the first phase of its state-of-the-art data centre in Nairobi. Named NBOX1, this 4.5MW, 780-rack hyperscale, carrier-neutral, and AI-ready facility marks a milestone in Kenya’s journey to becoming Africa’s leading digital […]
The fourth edition of Investopia, held in Abu Dhabi at the luxurious St. Regis Saadiyat, has once again underscored the United Arab Emirates’ (UAE) pivotal role in shaping the future of global investments. Under the patronage of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, and Chairman of the Presidential […]
Egypt has rapidly emerged as a dynamic force in Africa’s digital revolution. In 2024, the nation secured third place among the continent’s top tech investors—attracting an impressive US$297 million in 89 deals—underscoring its expanding role in shaping Africa’s digital economy. With remarkable strides in broadband speeds, digital infrastructure, and cybersecurity advancements, Egypt is not only […]
In a major breakthrough for smallholder farmers and the broader agricultural sector, the Green Climate Fund (GCF) has released a grant of $75 million—equivalent to Sh9.7 billion—to support initiatives aimed at reducing post-harvest losses and improving livelihoods in Kenya and six other African countries. The funding, announced on February 21, 2025, comes as part of […]
Kani Payments, the innovative payment reconciliation and reporting platform, has announced the successful closure of a multi-million-pound Series A investment round. Led by Maven Capital Partners – one of the UK’s premier private equity firms – this round has attracted significant participation from Maven VCTs and NPIF II – Maven Equity Finance, managed as part […]
Kenya, a vibrant East African economic hub, finds itself at a critical juncture, grappling with persistent challenges of corruption, illicit...
The United States labor market delivered a robust performance in June, with job growth surpassing economists' forecasts and the unemployment...
Africa is on the cusp of a profound digital transformation, with its data centre sector emerging as a critical backbone...
The vibrant city of Nairobi is currently hosting a pivotal event poised to redefine Africa's investment landscape: the inaugural NextFrontierAfrica...
