This week, Seoul is hosting a pivotal summit focused on establishing new regulatory frameworks for artificial intelligence (AI). Co-hosted by South Korea and the United Kingdom, the event builds on discussions initiated at a similar conference held six months ago in the UK. The November summit in the UK saw notable figures like Tesla’s Elon […]
In a strategic move to propel Kenya’s digital landscape forward, Microsoft Corp. and G42 have announced a substantial $1 billion investment initiative. This collaboration, in partnership with Kenya’s Ministry of Information, Communications, and the Digital Economy, signifies a pivotal moment for Kenya’s technological advancement. At the core of this initiative is the establishment of a […]
Kenya’s economy demonstrates resilience, with the latest Economic Survey Report unveiling a robust growth trajectory. According to the Kenya National Bureau of Statistics, the Gross Domestic Product (GDP) surged to 5.6% in 2023, a notable improvement from the revised figure of 4.9%. Agriculture, Forestry, and Fishing emerge as key drivers of this growth, experiencing a […]
The International Energy Agency’s (IEA) Global Critical Minerals Outlook 2024 forecasts that the combined market size of essential energy transition minerals will more than double, reaching approximately $770 billion by 2040. Investment Needs and Market Dynamics The report emphasizes the necessity of substantial additional investments to meet global energy and climate goals. Minerals such as […]
South African telecom leader Vodacom and French telecom giant Orange are in discussions to establish infrastructure partnerships across Africa, aiming to reduce connectivity costs and enhance rural access. According to sources cited by Bloomberg, the potential agreements would involve sharing infrastructure in overlapping markets, including Egypt and Congo. This collaboration seeks to make network rollout […]
In a recent report by the Financial Times, Kenya emerges as a notable contender in Africa’s business arena, securing the third position among countries with the fastest-growing companies. With an impressive eleven firms featured on the list of 125 rapidly expanding enterprises, Kenya showcases its resilience and innovation amidst economic challenges exacerbated by the COVID-19 […]
The Dow Jones Industrial Average crossed the 40,000 threshold for the first time on Thursday, reflecting investor optimism driven by expectations of potential U.S. interest rate cuts and strong corporate earnings. Despite this significant milestone, the market saw a slight pullback by the end of the trading session. The Dow reached an intraday high of […]
The United Nations (UN) has issued a warning that Egypt’s economy could suffer losses of up to $20 billion over the current and next fiscal years (FYs) 2023/2024 and 2024/2025 if the Gaza conflict continues to escalate. This forecast, highlighted in a recent UN study, outlines the significant economic risks posed by the ongoing regional […]
The Central Bank of Nigeria (CBN) has reiterated its commitment to addressing the nation’s rising inflation through continued interest rate hikes. Governor Olayemi Cardoso, in a recent interview with the Financial Times, assured that the Monetary Policy Committee (MPC) is dedicated to implementing necessary measures to stabilize the economy. Cardoso emphasized a strategic return to […]
Turkey and the World Bank have formalized a $1 billion agreement to enhance the country’s renewable energy sector. This strategic initiative aims to advance Turkey’s distributed solar energy market and pilot a battery storage program, aligning with global efforts to increase sustainable energy usage. The World Bank’s support will facilitate the deployment of distributed solar […]
Kenya's inflation rate edged lower to 4.5% year-on-year in November 2025, down from 4.6% in October, marking the 29th consecutive...
The euro zone's annual inflation rate edged higher to 2.2% in November 2025, according to flash estimates published by Eurostat...
South Africa's economy maintained its upward trajectory in the third quarter of 2025, expanding by 0.5% quarter-on-quarter, according to data...
The International Finance Corporation and the Kenya Investment Authority have entered into a strategic collaboration that establishes a comprehensive framework...
