Safaricom, Kenya’s largest telecommunications network provider, has expressed openness to a potential partnership with Elon Musk’s satellite internet provider, Starlink. This development signals a significant shift in the dynamics of Kenya’s telecommunication and internet service sectors, which have been dominated by Safaricom for decades. Speaking to Bloomberg, Safaricom CEO Peter Ndegwa explained that partnering with […]
Thailand’s underperforming $77 billion Social Security Fund (SSF) has announced a strategic overhaul to inject $11.6 billion into global private assets, according to a senior executive, in a move designed to address the fund’s stagnant returns and the looming demographic challenge posed by the country’s aging population. The SSF, Thailand’s largest state fund, which provides […]
In a bid to enhance energy infrastructure across Africa, Standard Bank Group, the largest bank on the continent by assets, has announced a strategic partnership with Meridiam, a global investment Benefit Corporation and asset manager. This collaboration, which has been in place for over four years, focuses on driving investments in alternative energy infrastructure projects. […]
Kakuzi PLC, one of Kenya’s largest agribusiness firms, has announced a significant Sh100 million ($700,000) investment plan for 2025 as part of its efforts to diversify its agricultural portfolio and expand into new markets. This development underscores the company’s long-term strategy of focusing on sustainability and enhancing shareholder value through innovative agricultural ventures. The announcement […]
In a significant development for Southeast Asia’s tech and digital landscape, Vietnam is currently reviewing a proposal from SpaceX for a massive $15 billion investment in its satellite internet service, Starlink. According to a report from Bloomberg, this investment aims to bring cutting-edge satellite connectivity to Vietnam, enhancing both urban and rural internet access while […]
Exxon Mobil Corp has announced an ambitious plan to invest $10 billion in offshore oil operations as part of a renewed effort to deepen its presence in Nigeria, Africa’s largest oil producer and fourth-largest economy. This significant investment comes amid ExxonMobil’s recent reorganization within the country, as the global energy giant seeks to realign its […]
In a significant development concerning Kenya’s infrastructure and investment policies, the National Assembly’s Public Investments Committee on Commercial Affairs & Energy has ordered the Kenya Airports Authority (KAA) to suspend all dealings with India’s Adani Group. This comes amid growing concerns about the transparency of the $1.84 billion deal involving the proposed management and expansion […]
In a landmark ruling, Vanguard Investments Australia Ltd., a unit of the U.S.-based asset management giant Vanguard Group, has been slapped with a record fine of A$12.9 million (approximately $8.9 million USD) by Australia’s Federal Court. The penalty marks the largest greenwashing fine in the country’s history, signaling a robust regulatory crackdown by Australian authorities […]
South African President Cyril Ramaphosa recently met with South African-born billionaire and tech magnate Elon Musk in the United States, as part of a broader R2 trillion ($107 billion USD) investment campaign aimed at revitalizing South Africa’s economy. This significant diplomatic mission occurred during Ramaphosa’s attendance at the 79th session of the United Nations General […]
In a significant move to bolster Kenya’s economic landscape, the Nairobi Securities Exchange (NSE) has announced a strategic partnership with MOBILIST, a UK government-backed program aimed at enhancing investment opportunities within the Kenyan market. The collaboration was inaugurated at a high-profile event in Nairobi, attended by His Majesty’s Trade Commissioner for Africa, John Humphrey. This […]
Kenya is embarking on a transformative journey to unlock the vast economic potential of its ocean resources through the development...
The United States is hurtling toward a fiscal reckoning that would have seemed unthinkable just two decades ago. According to...
The African Development Bank Group has approved a landmark €117 million financing package to fundamentally transform Benin's 77 municipalities into...
The Kenyan government has published the Draft Kenya Sovereign Wealth Fund Bill, 2025, a landmark piece of legislation that establishes...
