In a significant development for Southeast Asia’s tech and digital landscape, Vietnam is currently reviewing a proposal from SpaceX for a massive $15 billion investment in its satellite internet service, Starlink. According to a report from Bloomberg, this investment aims to bring cutting-edge satellite connectivity to Vietnam, enhancing both urban and rural internet access while […]
Exxon Mobil Corp has announced an ambitious plan to invest $10 billion in offshore oil operations as part of a renewed effort to deepen its presence in Nigeria, Africa’s largest oil producer and fourth-largest economy. This significant investment comes amid ExxonMobil’s recent reorganization within the country, as the global energy giant seeks to realign its […]
In a significant development concerning Kenya’s infrastructure and investment policies, the National Assembly’s Public Investments Committee on Commercial Affairs & Energy has ordered the Kenya Airports Authority (KAA) to suspend all dealings with India’s Adani Group. This comes amid growing concerns about the transparency of the $1.84 billion deal involving the proposed management and expansion […]
In a landmark ruling, Vanguard Investments Australia Ltd., a unit of the U.S.-based asset management giant Vanguard Group, has been slapped with a record fine of A$12.9 million (approximately $8.9 million USD) by Australia’s Federal Court. The penalty marks the largest greenwashing fine in the country’s history, signaling a robust regulatory crackdown by Australian authorities […]
South African President Cyril Ramaphosa recently met with South African-born billionaire and tech magnate Elon Musk in the United States, as part of a broader R2 trillion ($107 billion USD) investment campaign aimed at revitalizing South Africa’s economy. This significant diplomatic mission occurred during Ramaphosa’s attendance at the 79th session of the United Nations General […]
In a significant move to bolster Kenya’s economic landscape, the Nairobi Securities Exchange (NSE) has announced a strategic partnership with MOBILIST, a UK government-backed program aimed at enhancing investment opportunities within the Kenyan market. The collaboration was inaugurated at a high-profile event in Nairobi, attended by His Majesty’s Trade Commissioner for Africa, John Humphrey. This […]
The International Finance Corporation (IFC), the private investment arm of the World Bank Group, reached an all-time high of $56 billion in investments for the financial year ending in June 2024. According to Makhtar Diop, the IFC’s Managing Director, this represents a 28% increase in commitments year-on-year, driven by strategic reforms initiated by World Bank […]
In an ambitious move to strengthen Egypt’s presence in the global e-commerce industry and expand its trade relations across Africa, Post for Investment, the investment arm of Egypt Post, announced the launch of a new initiative, ECOM Africa. The platform aims to create a specialized e-commerce marketplace focused on facilitating trade between Egypt and African […]
Introduction to Safaricom’s Health Initiative Safaricom, Kenya’s largest telecommunications company, has announced an unprecedented investment of Sh104.8 billion aimed at digitizing the healthcare system. This landmark initiative will be rolled out over the next decade, with the goal of transforming the country’s health sector through innovative technology. The project is in line with the Ministry […]
Intel Corporation (NASDAQ: INTC) saw a significant boost in its stock price on Monday after a Bloomberg report indicated that Apollo Global Management might make a multibillion-dollar investment in the tech giant. According to the report, Apollo could invest up to $5 billion, giving Intel a much-needed influx of capital as it navigates a competitive […]
The Government of Germany, in partnership with the Government of Kenya and the United Nations High Commissioner for Refugees (UNHCR),...
The United Arab Emirates is positioning itself for another year of impressive economic expansion, with government projections indicating that the...
The Republic of South Africa has officially acceded to the Establishment Agreement of the African Export-Import Bank (Afreximbank), marking a...
The Nairobi Securities Exchange has entered uncharted territory as Safaricom's newly launched Ziidi Trader platform triggers unprecedented retail participation, fundamentally...
