In a monumental development poised to reshape its economic future, the government of Malawi has officially sealed a landmark $7 billion agreement with the Chinese conglomerate, Hunan Sunwalk Technology Group. This pact, representing the single largest foreign investment in the nation’s burgeoning mining sector, is set to unlock the vast potential of Malawi’s mineral resources, […]
In a significant boost for economic development and job creation across East and Central Africa, Italy has formally committed to spearheading the revival and expansion of Kenya’s vibrant but underexploited leather and tanning industry. This landmark partnership, solidified with Equity Group Holdings as the strategic financial catalyst, promises to unlock immense potential, transforming raw hides […]
In a move set to significantly accelerate its global expansion and cement its position as a transformative force in the international automotive trading landscape, Weston N.V., a leading Belgian-headquartered automotive trading company, today announced a substantial €100 million investment commitment from GEM Global Yield LLC SCS (“GEM”). This strategic partnership with GEM, a formidable $3.4 […]
In a monumental stride towards fostering robust economic development and sustainable growth across East Africa, the East African Development Bank (EADB) has officially inked its largest single financing agreement to date with the OPEC Fund for International Development. The landmark deal, formalized on Wednesday at the OPEC Fund’s headquarters in Vienna, secures a substantial US$40 […]
Today’s business headlines are buzzing with two distinct yet equally significant developments signaling a profound shift in the global digital landscape. From the launch of a new AI-powered software testing venture by the seasoned founders of Expensya to Kenya’s strategic extension of its national real-time payment system’s operating hours, these moves underscore a relentless drive […]
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, […]
A historic moment in East African energy cooperation unfolded this week as Ethiopia commenced its first-ever electricity exports to Tanzania,...
The United States Senate is currently embroiled in a high-stakes, marathon voting session on a sweeping budget bill, colloquially dubbed...
In a landmark moment for Burundi's energy future, President Evariste Ndayishimiye this week inaugurated the Jiji hydroelectric plant, a crucial...
The financial landscape in Kenya has seen a notable development with the Central Bank of Kenya (CBK) announcing the cancellation...
