In an exciting development for Africa’s burgeoning tech ecosystem, four Nigerian-owned startups have been selected to pitch their innovative business ideas to NBA Africa for potential financial support. These startups—Buzza, Festival Coins, Naemo Global, and Salubata—will present alongside six other companies from across the continent, competing for funding and mentorship under the prestigious NBA Africa […]
Nigerian fintech company Risevest has made a significant move by acquiring Kenyan investment startup Hisa, marking its formal entry into the East African market. This strategic acquisition enables Risevest to expand its operations without needing to secure new licenses in Kenya, thanks to Hisa’s existing regulatory approvals. As a result, Risevest can leverage Hisa’s local […]
Amazon’s Expansion to Spur Job Creation On Wednesday, Rachel Reeves, the UK Chancellor, unveiled Amazon’s £8bn investment through its cloud computing arm, Amazon Web Services (AWS), which is set to build state-of-the-art data centres across the UK, focusing primarily on London and the West of England. This bold move is expected to significantly bolster the […]
South African President Cyril Ramaphosa announced the government’s firm commitment to significantly increase infrastructure investment in the country, a move that is crucial to spurring economic growth, improving service delivery, and creating jobs. Speaking at the National Council of Provinces (NCOP) in Cape Town on September 12, 2024, Ramaphosa emphasized that the expansion of public […]
The ongoing strike by Kenyan airport workers at Jomo Kenyatta International Airport (JKIA) has brought a critical spotlight on the controversial takeover bid by India’s Adani Group. This industrial action has led to major disruptions, grounding flights, leaving passengers stranded, and triggering widespread chaos at one of Africa’s busiest air travel hubs. The planned buyout, […]
South Korea’s leading shipping company, HMM, has announced plans to invest KRW 23.5 trillion (approximately $17.48 billion) by 2030. This substantial investment is aimed at propelling the company to the forefront of global, environmentally friendly shipping and logistics, as the industry rapidly shifts towards decarbonization and sustainability. Focus Areas of the Investment The strategic investment […]
The 7th Africa Tourism Leadership Forum (ATLF) held in Gaborone, Botswana, from September 4 to 6, 2024, represented a significant step toward bolstering intra-African travel, tourism, and investment. Organized at the Gaborone International Convention Centre, the event attracted over 500 participants from 43 countries, including influential figures from the travel, tourism, hospitality, and aviation sectors. […]
African Originals, the innovative company behind popular craft beverage brands like Kenyan Originals and 5.8, has successfully raised $2 million in a pre-seed funding round led by Phoenix Beverages Limited. This crucial investment signals a significant step forward for African Originals, a company known for its commitment to showcasing authentic Kenyan flavors and promoting sustainability. […]
Amazon has announced a massive £8 billion (S$13.6 billion) investment in the United Kingdom over the next five years to expand its Amazon Web Services (AWS) cloud computing business. This significant pledge comes at a time when the UK’s new Labour government is aiming to boost economic growth and attract foreign investment. The multi-billion pound […]
The UK government has recently announced a £25 million investment into Africa’s food and agriculture sector, aiming to boost trade, tackle the climate crisis, and enhance food security across the continent. This initiative, revealed by Lord Collins of Highbury, the UK’s Africa Minister, during the Africa Food Systems Forum (AFSF) in Kigali, Rwanda, underscores the […]
Despite confronting a challenging economic environment marked by slower GDP growth, elevated interest rates, and mounting operational expenses, Kenya's banking...
The United States government shutdown has entered a critical phase as it becomes the second-longest funding lapse in the nation's...
In a landmark move that signals a significant shift in international financial cooperation and the evolving architecture of global finance,...
The Central Bank of Kenya (CBK) has launched a strategic KSh 30 billion voluntary buyback programme for investors holding the...
