Dangote Petrochemicals—a spinoff from the massive Dangote Refinery and Petrochemicals complex—is on the verge of a groundbreaking listing on the Nigerian Exchange (NGX) before the end of June 2025. NGX Chairman, Dr Umaru Kwairanga, confirms the group has obtained regulatory approval (thenationonlineng.net). Once floated, the listing is anticipated to strengthen market confidence, attract substantial investment, and align […]
In a move that promises to deepen economic ties between Latin America and East Africa, Senator H.E. José Gonçalves Oliveira from Pará the largest state in Brazil has landed in Kenya to explore investment opportunities worth up to $40 billion in health technology and agriculture. This visit, facilitated by prominent Kenyan businessman James Wanjohi Njoroge, […]
Qatar’s sovereign wealth fund, the Qatar Investment Authority (QIA), has recently acquired a 49% stake in Msheireb Properties, marking a significant step towards bolstering smart and sustainable urban development in the Gulf state. This strategic partnership aligns with Qatar’s ambitious goals of economic diversification, environmental sustainability, and urban innovation set out in the Qatar National […]
Wingu Africa, a leading digital infrastructure company, has secured $60 million in financing from Rand Merchant Bank (RMB) to accelerate its expansion of data center facilities across key East African markets including Djibouti, Ethiopia, and Tanzania. This investment marks a pivotal moment in Africa’s quest for digital sovereignty, underpinning the continent’s drive to build resilient, […]
The Competition Authority of Kenya (CAK) has recently approved a major acquisition deal, clearing the way for U.S.-based Nigerian fintech Moniepoint Inc. to acquire a controlling 78% stake in Sumac Microfinance Bank Limited. This development marks a significant milestone for Moniepoint as it plans to establish a strong foothold in Kenya’s burgeoning financial services sector. […]
Microsoft has announced a major $400 million investment aimed at significantly expanding its data center capacity in Switzerland, reinforcing its commitment to the country’s digital transformation and positioning it as a hub for cloud and artificial intelligence (AI) services. The investment will focus on enhancing existing facilities near Zürich and Geneva to meet escalating demand […]
The Nigerian Exchange Group (NGX) recorded a remarkable performance in May 2025, delivering the second-best return among major African stock exchanges. With a robust month-to-date gain of 5.62%, the Nigerian All-Share Index (ASI) showcased strong investor confidence and market resilience, outpacing notable exchanges such as Casablanca, Johannesburg, Cairo, and Accra. This performance marks a positive […]
NAIROBI – In a significant move to modernize Kenya’s power infrastructure and support its transition to renewable energy, the Government of Kenya and the French Development Agency (AFD) have joined forces to launch the National System Control Centre (NSCC) project. Valued at Sh12 billion (approximately €94 million), the NSCC is set to become the nerve […]
Microsoft has once again expanded its growing suite of generative AI tools with the launch of Bing Video Creator, a feature within the Bing mobile app (for both iOS and Android) that enables users to generate short video clips from simple text prompts. Powered by OpenAI’s cutting-edge video generation model, Sora (previously restricted to paying […]
The African Development Bank (AfDB) is set to launch a groundbreaking Africa Carbon Support Facility, aimed at kickstarting a robust carbon market across the continent. Announced during the Bank’s annual meeting in Abidjan, Côte d’Ivoire, this facility will help African governments create the policies, regulatory frameworks, and market infrastructure needed to turn carbon credits into […]
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...
