In a significant policy reversal that is poised to reverberate across Kenya’s industrial landscape, the Energy and Petroleum Regulatory Authority (EPRA) has revoked the specially discounted electricity tariff for industries operating in the Olkaria-Kedong Special Economic Zone (SEZ) in Naivasha. Introduced as a pilot scheme in 2020, the discounted rate of KSh 5 per kWh […]
The United Arab Emirates (UAE) is set to rewrite its economic future with the recent approval of a comprehensive National Investment Strategy spanning the next six years. Announced during a high-profile cabinet meeting chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, […]
Microsoft has announced an ambitious plan to invest approximately $296 million (ZAR 5.4 billion) in South Africa by the end of 2027, further bolstering its commitment to expand cloud and AI infrastructure in the region. This new phase of investment builds upon an earlier commitment of $1.12 billion (ZAR 20.4 billion) over the past three […]
In a landmark celebration of excellence and diversity, the Association of Kenya Insurance (AKI) 2024 Awards, held recently in Nairobi, underscored the dynamic evolution of Kenya’s insurance sector—a business now valued at Sh276 billion. With women emerging as the frontrunners in insurance sales and leadership, the awards not only recognized top-performing companies like APA Insurance, […]
In a groundbreaking move that underscores the growing global emphasis on women’s health and economic empowerment, the Embassy of Finland in New Delhi and UNICEF have jointly launched a global call for applications from tech startups dedicated to developing femtech solutions in low- and middle-income countries. This ambitious initiative—under the auspices of the UNICEF Venture […]
In a bold bid to counteract the evolving global funding landscape and reenergize local development, the Africa Finance Corporation (AFC) is set to tap into a largely underutilized resource: Africa’s own pension funds. Spearheaded by CEO Samaila Zubairu, the institution is accelerating initiatives to mobilize domestic capital—potentially unlocking between $15 to $20 billion over the […]
In a landmark move aimed at combating Africa’s persistent water crisis, social impact company 4Life Solutions has unveiled a Ksh.413 million (approximately $3.2 million) investment to scale up its safe water access programmes across the continent. With Kenya positioned as the central hub of its operations, the company is poised to expand its innovative solutions—most […]
In a dramatic display of market volatility, global government borrowing costs surged on Thursday as investors grappled with a confluence of geopolitical tensions, evolving fiscal policies, and a renewed focus on defense spending. The selling pressure on bonds has been particularly pronounced in Germany, where yields on government debt — or bunds — experienced the […]
In a move that underscores its commitment to digital transformation and economic growth in Africa, Microsoft today announced plans to invest an additional ZAR 5.4bn in South Africa by the end of 2027. The new funding will expand the company’s hyperscale cloud and AI infrastructure, while a new youth certification programme will cover the exam […]
In a landmark move for Africa’s burgeoning tech ecosystem, Kenyan startup Badili has secured a US$400,000 debt facility from French development finance institution Proparco. The financing, arranged through the Bridge by Digital Africa initiative, marks a significant milestone in Badili’s expansion plans across the continent. Founded in 2021 by Rishabh Lawania and Keshu Dubey, Badili […]
Kenyan exporters of agricultural produce are set to benefit from a significant trade breakthrough as the country finalizes a bilateral...
The first half of 2025 has delivered a stark wake-up call to the global insurance industry. According to preliminary estimates...
For international investors, Zambia’s debt restructuring journey has been a closely watched case study. As the first African nation to...
In a significant stride toward a sustainable and robust energy future, the Kenyan government has officially greenlit the development of...
