A significant new $100 million agricultural investment by China’s Sinohydro Group in Angola has ignited a fresh round of discussions concerning land access, national food security, and the evolving dynamics of foreign influence in African agriculture. Announced this week in the Angolan capital, Luanda, this deal marks China’s second major agricultural commitment to the Southern […]
Kenya is on the cusp of a significant transformation in its burgeoning gambling sector, as the Senate’s approval of the final version of the Gambling Control Bill paves the way for presidential assent. This landmark legislation introduces a stringent new minimum capital requirement of KSh 100 million (approximately US$770,000) for online betting operators, a dramatic […]
In a move poised to significantly reshape global economic alliances and critical supply chains, Japan has unveiled a colossal $550 billion investment package. This sweeping initiative, agreed upon as part of a broader U.S. tariff deal, is not merely a financial commitment but a profound strategic maneuver aimed at bolstering economic security, particularly in the […]
In a pivotal decision that promises to redefine the landscape of African entertainment, South Africa’s Competition Tribunal has granted conditional approval for the acquisition of MultiChoice Group Limited by French media giant Groupe Canal+ SAS. This landmark deal, valued at approximately R55 billion (equivalent to around US$3 billion at the time of the offer), marks […]
The Nairobi Securities Exchange (NSE) today welcomed a significant new entrant to its Growth Enterprise Market Segment (GEMS) as Shri Krishana Overseas (SKL) officially listed under the ticker $SKL. Shares of the prominent Kenyan packaging company debuted at KSh 5.90, marking a pivotal moment not only for SKL but also for the broader landscape of […]
In a landmark moment for global trade and international relations, the United Kingdom and India today formally inked a comprehensive free trade agreement (FTA), heralded by Prime Minister Keir Starmer as a “major win for Britain.” The signing ceremony, which saw Prime Minister Starmer host his Indian counterpart, Narendra Modi, marks the culmination of extensive […]
In a significant move set to reshape South Africa’s entrepreneurial landscape, ASI Financial Services has unveiled a groundbreaking R300 million (approximately $17 million USD) Entrepreneurship-Through-Acquisition (ETA) Search Fund. This innovative initiative directly confronts two pressing national challenges: the critical succession gap among Small and Medium-sized Enterprise (SME) owners and the persistently high youth unemployment rate. […]
In a landmark development for global development finance, Kenya and Senegal have officially become the newest shareholders of the European Bank for Reconstruction and Development (EBRD), bringing the total number of its member countries to 79. This pivotal expansion marks a significant step in the EBRD’s strategic move to extend its operations into Sub-Saharan Africa […]
In a move that underscores the relentless acceleration of the artificial intelligence arms race, OpenAI and Oracle have announced a significant deepening of their collaboration, committing to develop an additional 4.5 gigawatts of data center capacity. This staggering expansion builds upon the already ambitious “Project Stargate” initiative, a colossal undertaking poised to reshape the global […]
Global energy giant TotalEnergies has announced the successful commencement of production from two significant new projects in Angola’s deepwater Blocks 17 and 17/06. These strategic investments, the Begonia and Clov Phase 3 subsea satellite developments, are poised to collectively add 60,000 barrels of oil per day (bpd) to Angola’s output, reinforcing the nation’s crucial role […]
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...
