In a move poised to reshape the landscape of American manufacturing and reinforce the nation’s technological sovereignty, computer chip behemoth Texas Instruments (TI) today announced an unprecedented investment exceeding $60 billion in its U.S. operations. This “largest investment in foundational semiconductor manufacturing in US history” comes amidst escalating pressure from the Trump administration to reshore […]
In a significant stride towards fostering local technological innovation and empowering developers across the continent, tech giant Meta has officially launched its Llama Impact Accelerator Program across Sub-Saharan Africa. This groundbreaking initiative, developed in partnership with national innovation agencies and a diverse array of ecosystem partners, aims to cultivate open-source Artificial Intelligence (AI) tools meticulously […]
In a groundbreaking move set to revolutionize financial inclusion for millions, Britam Holdings Plc (NSE: BRIT), a leading diversified financial services group, through its dynamic innovation hub, BetaLab, has announced a strategic KES 5 million investment in Oye, a pioneering Kenyan fintech startup. This significant partnership is poised to transform how Kenya’s vast network of […]
In a move set to significantly bolster America’s burgeoning artificial intelligence capabilities, St. Petersburg-based Jabil Inc. (NYSE: JBL), a global manufacturing solutions provider, has announced a substantial investment of $500 million over the coming years. This monumental capital injection is earmarked for the expansion of its critical cloud and artificial intelligence data center infrastructure, with […]
In a landmark move poised to reshape the landscape of agricultural finance and technology across Africa, Egypt-based DisrupTech Ventures, a prominent early-stage fintech fund, has announced its first foray into Sub-Saharan Africa with a strategic investment in Winich Farms, a dynamic Nigerian agri-fintech startup. This significant backing, part of Winich Farms’ pre-Series A funding round, […]
The dynamic financial services industry in East Africa is witnessing a notable strategic move as Access Bank Kenya, a key player in the region, announces a fresh capital injection of US$15 million. This significant funding originates from its parent company, Access Bank Plc, a Nigerian multinational banking giant, and forms an integral part of a […]
Yinson Production, a prominent name in the provision of Floating Production, Storage, and Offloading (FPSO) vessels, has officially concluded its US$1 billion investment deal with a distinguished international consortium. This consortium includes a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA), one of the world’s largest sovereign wealth funds; funds managed by British Columbia […]
The global push for clean energy has found a significant new champion in Egypt, with the announcement of a landmark US$479.1 million loan for the nation’s first integrated solar and battery storage plant. This ambitious project, spearheaded by Obelisk Solar Power SAE, a special purpose vehicle (SPV) incorporated in Egypt and wholly owned by Norwegian […]
In a landmark announcement poised to redefine Kenya’s healthcare and industrial landscape, President William Ruto has unveiled plans to establish a monumental KSh 150 billion (approximately $1.15 billion USD) pharmaceutical manufacturing hub in Murang’a County. This ambitious project, earmarked for land generously ceded by Del Monte, is a cornerstone of the government’s aggressive industrialization agenda, […]
Abu Dhabi National Oil Company (ADNOC), through its burgeoning investment vehicle XRG, has launched a formidable $18.7 billion all-cash proposal to acquire Australia’s second-largest gas producer, Santos. This audacious move, backed by a powerful consortium including Abu Dhabi Development Holding Company (ADQ) and global private equity giant Carlyle, signals a profound push by the UAE […]
Kenya's electricity sector has reached a critical juncture as the nation recorded unprecedented peak demand of 2,411.98 megawatts (MW) and...
The Federal Reserve announced a quarter-point reduction to its benchmark interest rate on Wednesday, bringing the federal funds rate to...
The United Arab Emirates has solidified its position as one of Africa's most strategic economic partners, ranking fourth globally in...
Emirates Airlines is strategically positioning Kenya as its primary gateway to East and Central Africa, capitalizing on the recently implemented...
