Kenya has formally joined the Asian Infrastructure Investment Bank (AIIB) as a fully paid member, marking a significant step in the country’s economic and infrastructural development. The announcement, made by President William Ruto on September 3, 2024, after a meeting with AIIB President and Board of Directors Chairman Jin Liqun in Beijing, China, opens new […]
In a move that underscores the growing trend of consolidation and strategic partnerships within the European airline industry, Greek carrier Aegean Airlines is set to take a significant stake in Spanish low-cost carrier Volotea. This decision follows Aegean’s announcement on 3 September in Athens of an initial €25 million ($27.6 million) investment in Volotea, positioning […]
In a significant move that could reshape economic ties between China and Nigeria, China has pledged to encourage its most “powerful” companies to invest in the West African nation. This commitment was made following a high-level meeting between Chinese President Xi Jinping and Nigerian President Bola Tinubu in Beijing on September 3, 2024. The discussions, […]
Introduction The 2024 Summit of the Forum on China-Africa Cooperation (FOCAC), set to take place in Beijing, presents a unique opportunity for Kenya to bolster its economic ties with China. As the second-largest economy in Africa, Kenya has positioned itself as a key player in the region’s economic landscape. This year’s summit comes at a […]
Big Tech Giants Battle for AI Supremacy: Impact on Stocks and Markets The artificial intelligence (AI) arms race is intensifying as tech giants like Apple (AAPL), Microsoft (MSFT), and Nvidia (NVDA) scramble to secure stakes in leading AI companies. The latest battleground centers on OpenAI, the creator of ChatGPT, which is reportedly seeking a funding […]
Introduction In a significant acknowledgment of Saudi Arabia’s role in Africa’s development, Dr. Akinwumi Adesina, the president of the African Development Bank Group (AfDB), has praised the Kingdom for its substantial financial support and commitment to the continent. Speaking at the 50th-anniversary celebration of the Saudi Fund for Development (SFD) in Riyadh, Dr. Adesina lauded […]
Kenyan e-commerce startup Chpter has secured $1.2 million in a pre-seed funding round, marking a significant milestone for the young company. This funding will enable Chpter to enhance its technology stack and support its expansion into new markets, including Egypt and Nigeria. The company’s innovative approach to integrating social media with e-commerce has garnered attention […]
In a significant development, tech giant Google has set its sights on Tamil Nadu as a strategic partner for the manufacturing of its Pixel 8 range of smartphones. This collaboration is poised to not only bolster India’s standing as a global manufacturing hub but also advance the state’s ambitions in artificial intelligence (AI), skill development, […]
A significant gathering of African leaders is taking place in China’s capital this week as they seek crucial funding for large-scale infrastructure projects. This summit comes against the backdrop of intensifying global competition over resources and influence on the continent, with China playing a central role in Africa’s economic landscape. Strengthening Ties Amid Global Competition […]
Kenya, alongside Nigeria, South Africa, and Tunisia, remains a focal point for investment in Africa, as revealed in the 2024 Deloitte Africa Private Equity Confidence Survey (PECS) report. Despite global and regional economic uncertainties, Kenya has demonstrated a resilient and favorable business environment, attracting continued interest from investors across various sectors. The report underscores Kenya’s […]
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...
