In a significant boost to Malaysia’s growing reputation as a hub for foreign investment, Prime Minister Datuk Seri Anwar Ibrahim announced today that the country welcomes a proposed investment of US$14.7 billion from several leading U.S. technology giants. The announcement came during a bilateral meeting between Anwar and U.S. Secretary of State Antony Blinken, held […]
In a historic move aimed at addressing Africa’s developmental challenges, over 100 chief executive officers (CEOs) from around the globe, world leaders, philanthropists, and artists have signed the Abidjan Accord, calling on G20 governments to raise $120 billion for urgent investment in Africa. The accord, signed at the Economic Development Assembly (EDA) in Abidjan, Côte […]
In a significant boost to female entrepreneurship and sustainability efforts in Kenya, Standard Chartered Kenya, in collaboration with @iBizAfrica-Strathmore University, has awarded KES 8.75 million to seven women-led startups operating in the sustainability sector. This initiative is part of the seventh cohort of the highly successful Women in Tech Incubation Program, which focuses on empowering […]
In an unexpected turn of events, the global initial public offering (IPO) market has shown remarkable resilience amid a period marked by economic slowdown, geopolitical tensions, and financial market volatility. According to the latest EY Global IPO Trends report for Q3 2024, IPO activity surged 11 percent compared to the previous quarter, driven by improved […]
In a move to significantly enhance Africa’s digital landscape, Smart Africa and the African Federation of Digital Businesses (FADB) signed a strategic Memorandum of Understanding (MOU) aimed at accelerating digital transformation across the continent. This partnership represents a pivotal step in the journey towards creating a unified and inclusive digital market in Africa, marking a […]
Introduction and Context Kenya’s Trade Cabinet Secretary (CS) Salim Mvurya announced plans to strengthen trade ties between Kenya and Qatar by appointing a Qatari representative to manage a Qatar Investor Desk within Kenya’s Ministry of Trade. The move, revealed during a trade summit in Doha, Qatar’s capital, is a significant step toward fostering trust, safety, […]
OpenAI to Open Singapore Office to Support APAC Expansion OpenAI, the company behind the popular AI chatbot ChatGPT, is taking significant steps to strengthen its presence in the Asia-Pacific region by opening an office in Singapore later this year. This move, announced on October 9, 2024, at Tech Week Singapore, marks another milestone in OpenAI’s […]
Introduction of Crypto Payments Beyond Investment Use Luno, South Africa’s largest cryptocurrency exchange, announced a strategic partnership with Zapper, a widely used QR code payment platform, which will enable crypto payments at over 31,000 merchants across the country. This integration brings the vision of cryptocurrency closer to mainstream usage, allowing users to transact with digital […]
Market analysts predict that the Central Bank of Kenya (CBK) will reduce its benchmark interest rate by 0.5 percent during today’s Monetary Policy Committee (MPC) meeting, potentially bringing the rate down to 12.25 percent. Such a move would be aimed at boosting economic growth by easing borrowing conditions for businesses and individuals. This rate reduction […]
In a significant move towards promoting economic development in Sierra Leone, British International Investment (BII), the UK’s development finance institution, has signed a $25 million risk-sharing facility with Ecobank Sierra Leone. This agreement aims to provide much-needed financial support to the private sector in Sierra Leone, particularly targeting small and medium-sized enterprises (SMEs), and boost […]
Kenya's external financial position deteriorated sharply in the third quarter of 2025, with the current account deficit expanding more than...
The United States trade deficit collapsed to its lowest level in more than 16 years during October 2025, delivering a...
Zimbabwe's tourism sector, still basking in the glow of being named the world's best country to visit in 2025 by...
The Nairobi Securities Exchange has opened 2026 with exceptional momentum, pushing total market capitalization to approximately KSh 3 trillion for...
