African, European Blocs Sign €20 million Financing Agreement
The African Union (AU) and the European Union (EU) have signed a €20 million (~KSh 2.759 billion) financing agreement to promote integrated development and capacity building across Africa. The EU [...]
Artificial Intelligence (AI) and AI-agents are a Game-Changer for Cybersecurity
Artificial Intelligence (AI) is no longer just a tool—it is a game changer in our lives, our work as well as in both cybersecurity and cybercrime. While businesses leverage AI [...]
Amsons Group to Pump Kshs 52bn into Bamburi Cement
Cement manufacturer Bamburi Cement's new parent company Amsons Group has said it will pump US$ 400 million (~KShs. 52 billion) into the company over the next three years to power [...]France Drops DRC Conflict Minerals' Case Against Apple
French prosecutors dropped a criminal complaint by the Democratic Republic of Congo (DRC) against Apple in mid-February saying the allegations were not well-founded', new reports indicate. In a statement after [...]Afreximbank, Kenya Ink KSh 387.5mn Deals for Dongo Kundu, Naivasha SEZ
The African Export-Import Bank (Afreximbank) has signed a series of agreements with Kenya to finance the development of industrial parks and special economic zones (SEZs) with KSh 387.5 million (US$3 [...]
Economic Costs of Servicing Debt are Threatening Development- UNDP
Development in the world’s poorest countries is projected to further lag behind as the cost of servicing debt has risen, the United Nations Development Programme (UNDP) says in a new [...]European Investment Bank Invests US$ 75mn in Helios
The European Investment Bank (EIB) has announced a $75 million investment in Helios Investors V, L.P. (Helios Fund V). We look forward to supporting them as they invest in market-leading, [...]For Successful Integration, Africa Needs an Operating System Update
Beyond physical infrastructure, Africa's integration requires modern software upgrades: the systems, policies, and institutional frameworks that power trade across borders, Amadou Hott, one of five shortlisted candidates for the AfDB [...]
54 Collective to Shut Venture Studio, Cut Jobs after MasterCard Foundation Exit
The Africa Founders Ventures (AFV) — which operates as 54 Collective, is set to wind down its venture studio operations, likely resulting in widespread layoffs. Since its inception, the firm’s [...]The Future of Africa's Energy Sector: Balancing Fossil Fuels and Renewables
There’s a promising future for African renewables as the continent strives to balance its current reliance on fossil fuels. That’s the prediction of the African Energy Chamber’s 2025 Outlook Report on [...]
South Africa Moves to Protect Local Media as Google, Meta Face Penalties
South Africa could require tech giants including Google, Meta, Microsoft, X, Tiktok and Open AI to pay a 5-10% digital advertising tariff or levy if they fail to implement proposed [...]Ugandan Legislators Query US$ 190 million Umeme Buyout Loan
Members of the Committee of National Economy have questioned the Ugandan government’s ‘last minute’ request for a US$190 million loan to finance the Umeme buyout. In 2022, the Ugandan government said [...]
