IMF Extends Debt Relief for Low-income Nations
The International Monetary Fund (IMF) has extended the debt service relief for 28 low-income countries for a second six-month tranche under the Catastrophe Containment and Relief Trust (CCRT). The debt [...]
Weekly Deals Digest: Sept 23th Sep 29th
In this issue of the Weekly Deals Digest, Ghana dominates the African space, following MEST's funding for startups in its graduating class of entrepreneurs. Tracxn data shows that enterprise applications [...]Google to Pay $1 Billion to News Publishers on Google News Showcase
Search Engine Giant Google has launched a $1 billion initiative to pay news publishers who create content on its new product, the Google News Showcase. The product will first appear [...]Rolls Royce in Fresh Pursuit for £3 Billion
Aircraft engine-maker Rolls Royce has announced plansto raise £3 billionto boost its finances after the global COVID-19 pandemic resulted in a sharp decline in civil aerospace. The company is looking [...]Legislators Seek New Terms for the KSh 488 Billion Chinese SGR Loan
The Transport Committee in parliament wants the Kenya Government to renegotiate with China on outstanding loans for the Standard Gauge Railway(SGR) and operational costs including the price of wagons. The [...]
GE To Exit New Coal Power Market, A Blow to The Lamu Coal Project
General Electric GE announced plans to exit new build Coal Power Market. Nonetheless, GE will continue to provide service to existing coal plants through its Steam Power Business. The conglomerate [...]Global Markets Begin Week on High note
Major Global Markets News Oracle Reportedly Wins Bid to Acquire TikTok US operations According to the Wallstreet Journal, TikTok's owner ByteDance Ltd. picked Oracle Corp. to buy the app's United [...]
Nvidia to Acquire Chipmaker Arm from SoftBank for $40 Billion
Nvidia's acquisition of Arm for $40 billion makes it the biggest semiconductor deal ever. Nvidia will finance the deal in a mix of cash and stock. Nvidia CEO Jensen Huang [...]UK signs post-Brexit Trade Deal With Japan
The United Kingdom has secured its first trade deal with Japan after leaving the European, the accord boosting the profile of embattled Prime Minister Boris Johnson-already facing a Brexit rebellion [...]Global Markets Update
Wallstreet Shares on Wall Street fell on Thursday's session after the US Senate failed to pass a $500 billion stimulus package. The bill was supported by 52 US senators while at least [...]PayPal Extends Partnership with Visa to Drive Instant Global Transfers
PayPal has extended its partnership with Visa to leverage on Visa tools to power instant global transfers. The partnership will allow small businesses and individuals to send and receive money [...]GM Acquires 11% Stake in Electric Truck Startup Nikola for $2 Bn
Chevrolet maker General Motors has signed a partnership deal for a $2 billion equity stake in electric truck startup Nikola. The deal will give GM an 11% stake in Nikola. [...]
