Privamnuts, a leading processor and exporter of macadamia nuts from Kenya to Europe, the USA, and the Far East, has secured a significant investment of Sh387 million (USD 3 million). The funding comes from the ESG First Fund, managed by Aavishkaar Capital in partnership with KfW, a German state-owned investment and development bank. The investment […]
In a move that could reshape the future of artificial intelligence (AI) infrastructure, BlackRock Inc. and Microsoft Corp. are collaborating on one of the largest private equity endeavors to date, targeting AI growth. The partnership, alongside the United Arab Emirates’ MGX investment vehicle, seeks to raise $30 billion in private equity capital. The venture, named […]
In a world increasingly grappling with the impacts of climate change, Africa is among the most vulnerable regions. To address this urgent challenge, a major climate adaptation initiative is underway through the Africa Adaptation Acceleration Program (AAAP). In its first 36 months of operation, the AAAP has demonstrated significant progress in fostering climate resilience across […]
Kenya’s economic relationship with China continues to expand, with this year’s AFRIPEAK Expo marking a significant milestone in fostering industrial cooperation between the two nations. Kenya’s presence at the expo, which will take place in Nairobi, has grown from 20 participants in 2023 to 30 in 2024. The event is seen as a major platform […]
FMW Media Works’ New to The Street has announced a strategic $10 million investment into Spinel Network Pte. Ltd. (“Spinel Network”) for a 10% stake in the company. The investment consists of both media and cash components and will be utilized to expand Spinel Network’s global presence. FMW’s national and international syndicated television programs will […]
Saudi Crown Prince Mohammed bin Salman announced a substantial $5 billion investment in Egypt during a meeting with Egyptian Prime Minister Mostafa Madbouly in Riyadh on Tuesday. The pledge, made through the Public Investment Fund (PIF), highlights the strengthening economic ties between Saudi Arabia and Egypt, two of the largest and most influential nations in […]
Top-tier savings and cooperative societies (Saccos) may not withstand economic shocks in the short-term. A recent report by the Sacco Societies Regulatory Authority (Sasra) highlights financial health trends in several of Kenya’s top-tier savings and cooperative societies. The report, which was released after an analysis of the 2023 financial year, shows that at least five […]
The UAE has once again demonstrated its leadership in renewable energy, as investments in clean energy now exceed $12 billion, according to Suhail bin Mohammed Al Mazrouei, the UAE’s Minister of Energy and Infrastructure. These investments reflect the nation’s determination to transform its energy landscape and support the global shift towards a more sustainable future. […]
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 […]
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...
