In a move that could redefine its position in the tech landscape, Rumble, the video platform known for its “free speech” stance and growing presence as a Bitcoin treasury company, has announced a non-binding offer to acquire the German high-performance computing firm, Northern Data. The proposed all-stock transaction, valued at approximately $1.17 billion, is a […]
The announcement by the Kenyan National Treasury to raise approximately KShs 100 billion through the privatisation of the Kenya Pipeline Company (KPC) marks a pivotal moment in the nation’s economic strategy. This plan, to be executed through an initial public offering (IPO) on the Nairobi Securities Exchange (NSE), is presented as a strategic move to […]
In a landmark moment for the global artificial intelligence (AI) landscape, OpenAI CEO Sam Altman has announced a bold and compelling prediction: India is poised to become the company’s largest global market, surpassing even the United States. This declaration, made during the highly anticipated launch of OpenAI’s latest flagship model, ChatGPT-5, underscores a profound strategic […]
Foreign Direct Investments (FDI) into Nigeria have plummeted by a staggering 70.06% quarter-on-quarter, falling to a mere $126.29 million in the first quarter of 2025. This sharp decline from the $421.88 million recorded in the final quarter of 2024 is revealed in the latest Capital Importation report from the National Bureau of Statistics (NBS). While […]
In a major development for Nairobi’s urban landscape, the European Investment Bank (EIB), through its specialized development arm, EIB Global, has announced a significant investment of KSh 3.2 billion (equivalent to €21.5 million) to fund the construction of over 600 affordable, sustainable houses in the capital. This initiative is a part of a broader, ambitious […]
The landscape of technology investment is in the midst of a dramatic transformation, driven by the unprecedented rise of generative artificial intelligence (GenAI). According to a new study from EY Ireland, the first half of 2025 has seen a phenomenal surge in venture capital (VC) funding for GenAI, with global investment hitting a record-breaking $49.2 […]
The landscape of African development is at a critical juncture. Despite possessing an immense wealth of natural resources, the continent is grappling with a profound energy crisis that stifles economic progress and human potential. In a recent and urgent address, the outgoing President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, shone a stark […]
In a significant stride toward a sustainable and robust energy future, the Kenyan government has officially greenlit the development of the Olkaria VII Geothermal Power project. This new facility, spearheaded by state-owned electricity producer KenGen, is projected to inject a crucial 80.3MW of electricity into the national grid by mid-2027. This landmark project, a cornerstone […]
In a move that underscores the monumental shift in global infrastructure priorities, Apollo (NYSE: APO) today announced a definitive agreement for Apollo-managed funds (“Apollo Funds”) to acquire a majority interest in Stream Data Centers (“SDC”). This landmark transaction positions the newly formed partnership to become a dominant force in the rapidly expanding digital infrastructure landscape, […]
The African continent is on the cusp of a technological revolution, with its artificial intelligence (AI) market projected to undergo a dramatic expansion. According to a recent report by Mastercard titled “Harnessing the transformative power of AI in Africa,” the market is forecast to grow from an estimated $4.5 billion in 2025 to a remarkable […]
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...
