In a landmark move to bolster space cooperation, the European Commission has officially signed the Africa-EU Space Partnership Programme, a EUR 100 million initiative aimed at strengthening space collaboration between Europe and Africa. This significant milestone, the result of years of dedicated partnership, stands as a flagship component of the EU’s Global Gateway strategy, reinforcing […]
In a strategic move to bolster Kenya’s burgeoning digital landscape, TikTok has announced partnerships with Aleph Holdings and Wowzi. This collaboration aims to enhance the platform’s presence in Kenya’s creative and business sectors, providing tailored solutions for advertisers and new opportunities for content creators. Aleph Holdings: Streamlining Advertising for Kenyan Businesses Aleph Holdings will assume […]
In a dramatic shake-up of its global investment banking operations, HSBC has announced plans to exit its mergers and acquisitions (M&A) advisory and equity capital markets (ECM) businesses in Europe, the United Kingdom, and the Americas. This move represents HSBC’s most significant retrenchment from investment banking in decades and underscores the bank’s continued strategic pivot […]
Introduction In a significant move aimed at tackling energy poverty across Africa, The Rockefeller Foundation has announced an additional investment of US$15.9 million to support the ambitious Mission 300 initiative, which seeks to provide electricity access to 300 million Africans by 2030. This announcement was made during the Mission 300 Africa Energy Summit, held in […]
Introduction In a significant move to enhance financial convenience and global spending capabilities, KCB Bank Kenya, in collaboration with Mastercard, has introduced Kenya’s first multi-currency prepaid card. This innovative payment solution is designed to streamline international transactions, allowing individuals and businesses to conduct seamless payments across multiple currencies and global destinations. The launch of this […]
AI Disruptor DeepSeek Shakes Global Tech Markets Technology stocks rebounded on Tuesday, clawing back some of the massive losses triggered by the emergence of China’s DeepSeek AI, a low-cost artificial intelligence assistant that reportedly operates at a fraction of the cost of existing solutions. Nvidia, the AI chipmaking leader, saw its stock close up 8.9% […]
A Landmark Initiative for Africa’s Energy Future The African Guarantee Fund (AGF) has announced the launch of its Mission 300 Local Currency Guarantee Facility, an ambitious initiative aimed at mobilizing US$5 billion to finance small and medium-sized enterprises (SMEs) in Africa’s Distributed Renewable Energy (DRE) sector. This facility marks a significant milestone in addressing Africa’s […]
Kenyan coffeehouse chain Java House is set for yet another change of ownership as Actis, a UK-based private equity (PE) firm, exits the company. The new owners, Alterra Capital and Phatisa Group, will acquire majority and minority stakes, respectively, with control rights, marking Java House’s fourth ownership transition in 12 years. This move underscores the […]
The global financial markets were rocked on Monday as a massive selloff in technology stocks wiped billions from valuations, marking one of the most turbulent days for the sector in recent memory. The catalyst? A revolutionary low-cost artificial intelligence model unveiled by Chinese startup DeepSeek, which analysts believe could threaten the dominance of established players […]
Naked, a South African insurtech startup revolutionizing the insurance industry through artificial intelligence (AI), has raised R700 million ($38 million) in its latest Series B2 funding round. The funding, led by global impact investor BlueOrchard, represents the largest single investment in the African insurtech sector to date and underscores the rapid evolution of the insurance […]
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...
