Elon Musk's xAI Raises US$ 6 Billion 10 Months after Establishment
The global race for artificial intelligence has intensified after several investors raised US$ 6 billion to further develop and advance Elon Musk's xAI. Since its establishment, xAI has managed to [...]
Google Launches Fibre Optic Cable Connecting Africa with Australia
Google has announced the launch of Umoja, a new fibre optic cable connecting Africa with Australia. In the Umoja launch statement, Brian Quigley, VP, Global Network Infrastructure, Google Cloud, stated [...]
Microsoft Announces $1 Billion Investment in Kenya’s Digital Ecosystem
US Tech giant Microsoft Corporation, in collaboration with G42, an Emirati artificial intelligence (AI) development company, have announced a $1 billion investment in Kenya's digital ecosystem. Key Highlights 1. State-of-the-Art [...]Iran's President Ebrahim Raisi, 63, Dies in Helicopter Crash
Iranian State media has confirmed the death of the country's president Ebrahim Raisi alongside the Foreign Affairs Minister Hossein Amirabdollahian in a helicopter crash last evening. The Bell 212 helicopter [...]Trader’s View: Trading US Stocks, Indices and Currencies During Turbulent Periods
Last week, the US Federal Open Market Committee (FOMC) decided to keep interest rates steady, which was highly anticipated and had significant potential to impact financial markets. Prior to the [...]
Global Air Cargo Capacity Hits 48.9 Billion in March 2024
The global air cargo industry registered a total of 23.1 billion cargo tonne-kilometers (CTKs) in March 2024, an increase of 17.4% month-on-month (MoM) and 10.3% growth YoY. International CTKs of [...]Insurance Regulator Blacklists Atlas Life Insurance
The Insurance Regulatory Authority (IRA) has said it does not recognise the services of Atlas Life Insurance, a foreign insurance company that has been selling life insurance products in the [...]Standard Chartered and Visa Link APIs for Seamless Transactions
Visa will directly process transactions and payments made by Standard Chartered customers eliminating inconvenient and costly intermediaries after the two financial entities agreed to partner. We are delighted [...]Canadian Firm Launches Takeover Bid for East African Packaging
East African Packaging Industries (EAPI) minority shareholders have received a new takeover offer from majority shareholder Canadian Overseas Packaging Industries (COPIL), which is seeking to acquire total control of the [...]
Two Rivers SEZ Opens Opportunities for American Companies to Thrive in Kenya
It's a big week here in Nairobi with the American Chamber of Commerce (AmCham) Business Summit welcoming hundreds of US companies and investors to the ‘Green City in the Sun.’ [...]
Kenya’s Tourism Recovers, Expected to Hit Pre-COVID Levels in 2024
Kenya recorded 1.96 million tourist arrivals in 2023 compared to 1.48 million visitors in 2022, an increase of 31.5% according to figures contained in Kenya Tourism Research Institute’s 6th Annual [...]Kenya to Receive US$ 500 Million from UAE
Kenya’s National Treasury and Economic Planning Ministry and ADQ, the largest Sovereign Fund in the United Arab Emirates (UAE) have signed a deal that will see the Fund pump up [...]
