Kingdom’s Bold AI Ambition Takes Center Stage HUMAIN, the kingdom’s newly founded artificial intelligence company backed by the sovereign Public Investment Fund (PIF), is preparing to unveil a staggering $10 billion venture capital fund this summer. Dubbed HUMAIN Ventures, the fund is set to back the next generation of AI innovators across the United States, […]
A New Chapter for Frontier-Market Finance The Africa Resilience Investment Accelerator (ARIA)—the innovative platform founded by British International Investment (BII) and the Dutch entrepreneurial development bank FMO—is entering its second phase with the arrival of PROPARCO, the private-sector financing arm of France’s Agence Française de Développement (AFD) Group, as a full funding partner. Launched in […]
East Africa’s Largest AI & Innovation Ecosystem Event The world’s largest tech show brand, GITEX, is making its mark in East Africa. Organised by KAOUN International in partnership with the Office of the Special Envoy on Technology of the Republic of Kenya and Africa’s premier technology catalyst, dx⁵ (pronounced “dx-five”), Ai Everything Kenya x GITEX […]
The Deal at a Glance Donald Trump’s media arm, Trump Media & Technology Group (TMTG), operator of Truth Social and associated platforms, announced on May 27, 2025, that it has secured a $2.5 billion financing package from roughly 50 institutional investors to build what it terms a “bitcoin treasury.” The package comprises $1.5 billion in […]
Overview of the $100 Million Commitment The African Development Bank (AfDB) Board of Directors has approved a US$100 million equity investment in Arise Integrated Industrial Platforms Limited (Arise IIP) (Arise IIP). This injection of capital is earmarked to accelerate the development of Special Economic Zones (SEZs) and industrial parks across Africa, underpinning the Bank’s industrialization […]
Valour Inc. has tapped GulfCap Investment Bank (GCIB) as its transaction advisor to cross-list its suite of exchange-traded products (ETPs) on the Nairobi Securities Exchange (NSE). Subject to approval by Kenya’s Capital Markets Authority (CMA), the move will enable Valour’s ETPs to trade in Kenyan shillings, giving East African investors regulated exposure to leading digital […]
HSBC Holdings Plc, Europe’s largest lender by assets, has this week eliminated more than two dozen analyst positions as part of a sweeping restructuring of its investment banking arm. Sources familiar with the matter report that these cuts, which hit research and macro-strategy desks hardest, underscore CEO Georges Elhedery’s commitment to streamline operations, redirect capital […]
Kofa Technologies, a Ghanaian clean-tech startup, today announced it has raised US$8 million through a special purpose vehicle (SPV) led by impact investor PASH Global, with substantial backing from the Shell Foundation and the UK Government’s Transforming Energy Access (TEA) initiative. The new capital will fund the deployment of 6,000 portable batteries and up to […]
Introduction Uganda has just reignited the stalled ambitions of East Africa’s flagship rail initiative. On May 22, 2025, the landlocked country secured an $800 million (Ksh104 billion) financing agreement with the Islamic Development Bank (IsDB) to fund multiple infrastructure projects, chief among them the long-delayed Standard Gauge Railway (SGR) link from Malaba (on the Kenya […]
Introduction In a bid to bolster China’s economic recovery amid domestic headwinds and external uncertainties, the People’s Bank of China (PBOC) on Monday injected 382 billion yuan (approximately US $53 billion) into the banking system via seven-day reverse repurchase agreements at a rate of 1.40 percent . After 135 billion yuan of maturing repos rolled […]
The International Monetary Fund (IMF) has wrapped up a crucial two-week governance scrutiny mission in Kenya, a pivotal exercise aimed...
In a dramatic late-night session, the U.S. Senate Republicans have narrowly passed President Donald Trump's colossal tax-cut and spending bill,...
The robust economic ties between Egypt and Germany continue to strengthen, with their bilateral cooperation portfolio now reaching an impressive...
In a landmark development set to significantly accelerate Kenya's economic trajectory, the United Kingdom has pledged a substantial KSh 17.7...
