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 […]
KoBold Metals, a cutting-edge U.S. startup known for its innovative approach to mineral exploration, has recently announced a significant investment in Zambia’s copper mining sector. The company plans to invest up to $2.3 billion over the next 8-10 years to develop the Mingomba Copper Mine, one of the largest copper reserves in the world. This […]
HSBC, one of the world’s largest banking and financial services organizations, is reportedly considering a significant internal restructuring that could merge its commercial and investment banking units. This move, currently under discussion by the bank’s top executives, represents a major strategic shift aimed at reducing costs and streamlining operations under the newly appointed Chief Executive […]
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...
