In a groundbreaking move that signals the maturation of artificial intelligence as a cornerstone of the global economy, Nvidia announced its intention to invest up to $100 billion in OpenAI, marking one of the largest technology infrastructure partnerships in history. The deal, announced on September 22, 2025, represents a strategic alliance between two of the […]
In a landmark move that signals accelerating momentum in South Africa’s renewable energy transition, Norfund, Norway’s development finance institution, has committed US$86.1 million to back the strategic merger of two leading renewable energy companies, creating a powerhouse entity positioned to reshape the country’s energy landscape. The merger between African Clean Energy Developments (ACED) and Energy […]
United Bank for Africa (UBA) Kenya has signed a transformative Memorandum of Understanding with the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) under the Investing in Young Businesses in Africa – Supporting Entrepreneurial Ecosystem Development (IYBA-SEED) programme, marking a significant milestone in Kenya’s drive toward inclusive SME financing and sustainable economic transformation. The partnership represents a […]
In a landmark development that signals the Middle East’s growing prominence in the global artificial intelligence landscape, Abu Dhabi’s Technology Innovation Institute (TII) and Nvidia have launched a joint research laboratory in the United Arab Emirates that will focus on developing next-generation AI models and robotics platforms. The announcement marks a pivotal moment in the […]
Yango Ventures, the Dubai-based corporate venture capital arm of global tech conglomerate Yango, has announced a strategic investment in Zanifu, a Kenyan fintech specializing in working capital solutions for small and medium-sized enterprises. This marks the fund’s second major investment in Kenya this year, solidifying the country as a critical beachhead for Yango’s ambitious African […]
The revival of Rai Pan Paper, formerly the iconic Pan African Paper Mills, has entered a critical phase as management intensifies stakeholder engagement to address community concerns and demonstrate renewed commitment to restoring Webuye as a thriving industrial center in western Kenya. The ambitious revival effort represents more than just a business turnaround—it symbolizes hope […]
In a stunning move that sent shockwaves through Silicon Valley, Nvidia Corporation announced a $5 billion investment in rival Intel Corporation, alongside plans to co-develop chips for personal computers and data centers. The unprecedented partnership between the world’s most valuable technology company and the struggling semiconductor pioneer represents one of the most significant strategic alliances […]
The Board of Directors of the African Development Bank Group has approved a strategic equity investment of $25 million in The Currency Exchange Fund (TCX), marking a pivotal step toward addressing Africa’s mounting debt challenges and currency mismatch problems that have plagued the continent’s development financing landscape. This groundbreaking partnership comes at a critical time […]
Kenya has taken a decisive step toward becoming Africa’s premier industrial powerhouse with the launch of an ambitious $800 million financing framework designed to operationalize the Vipingo Special Economic Zone (SEZ) in Kilifi County, marking a transformative moment for the country’s manufacturing and export capabilities. The groundbreaking partnership between East Africa’s largest commercial bank, KCB […]
The United Kingdom has secured a remarkable £150 billion worth of American investment commitments coinciding with President Donald Trump’s unprecedented second state visit to Britain, marking what government officials describe as one of the largest foreign investment packages in the country’s modern history. Technology giants Microsoft, Nvidia, Google, and OpenAI, alongside private equity powerhouse Blackstone, […]
The Government of Germany, in partnership with the Government of Kenya and the United Nations High Commissioner for Refugees (UNHCR),...
The United Arab Emirates is positioning itself for another year of impressive economic expansion, with government projections indicating that the...
The Republic of South Africa has officially acceded to the Establishment Agreement of the African Export-Import Bank (Afreximbank), marking a...
The Nairobi Securities Exchange has entered uncharted territory as Safaricom's newly launched Ziidi Trader platform triggers unprecedented retail participation, fundamentally...
