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Musk v. Altman: Trial of the Century to Determine Who Controls AI’s Future
Elon Musk, a co-founder of OpenAI, wants Sam Altman to be removed from his role as CEO and is asking for damages in excess of US$ 100 billion to be paid to OpenAI’s charitable arm.
Treasury Targets KSh 90Bn in May With Largest Reopening of FY25/26 and Sixth Bond Switch
CBK has launched a KSh 90Bn May borrowing programme: a KSh 80Bn triple-tranche reopening of FXD1/2012/020 (6.6 years, 12.00% coupon), FXD1/2019/020 (13 years, 12.873%) and FXD1/2021/025 (20.1 years, 13.924%), alongside a KSh 10Bn switch from FXD1/2017/010 (1.2 years remaining) into FXD1/2021/020 (15.22 years, 13.444% coupon). The reopening is the largest of FY2025/26 and the first triple-tranche since April 2025. The switch is the sixth on record and fourth in 2026, with a coupon gain of 48 bps rather than a sacrifice. Net borrowing stands at KSh 767.75Bn, 87% of the revised target.
Kenya, Uganda Move to Own Their Oil and Minerals Value Chain
Kenya has committed to investing in Uganda's planned 60,000-barrel-per-day oil refinery, with President Ruto announcing the move at the Africa We Build Summit 2026 in Nairobi. The pledge extends a broader push by Kenya and Uganda to stop exporting unprocessed oil, iron ore, and critical minerals and own the downstream value chain. Ruto called for Africa to pool its copper, cobalt, lithium, and rare earth reserves to compete in global green manufacturing, warning that dependence on external capital serves foreign industrial interests over African ones.
Dangote to Build East African Oil Refinery in Tanzania
Aliko Dangote pledged at the Africa We Build Summit 2026 in Nairobi to build a 650,000-barrel-per-day oil refinery in Tanga, Tanzania, modelled on his Lagos complex, if Kenya, Uganda, and neighbouring governments support the initiative. Kenyan President William Ruto confirmed Kenya would also invest in Uganda's separate domestic refinery. The announcement came as the AFC warned Africa faces an 86-million-tonne fuel shortfall by 2040, with East Africa sourcing up to three quarters of its refined fuel from the Middle East.
The Global Economic Soft Landing Is Built on Three Fragile Assumptions, and All Three Are Cracking
The soft landing rested on three assumptions. That Inflation would keep falling, that economies would keep growing, and that geopolitics would stay calm enough not to matter.
The Poacher’s Assets: State Wins Mercedes, Loses Mathare Real Estate in Split Court Verdict
Justice B.M. Musyoki allowed the Assets Recovery Agency (ARA) to seize motor vehicle KBE 416Y, ruling it was an “instrumentality of crime,” but declined to forfeit two commercial plots
Nairobi’s ‘Nova Garage’ Aims to Bridge Africa-Europe Capital Divide
In a surprising shift in regional tech dominance, the Democratic Republic of Congo (DRC) led the application pool with approximately 90 to 96 entries, surpassing Kenya’s 60 to 70 applications.
India's Power Grid Corp. Sets Up Kenya Unit Ahead of KSh 40bn Project
The firm has established Mwanga Transmission Company Limited, a special purpose vehicle registered in Kenya on 21 April, to implement the Kenya Independent Power Transmission Project
Ethiopia's Biggest Private Bank Makes Its Stock Market Debut on the ESX
Awash Bank S.C. has listed on the Ethiopian Securities Exchange Main Market under ticker AWAB, becoming the third company and first major private commercial bank on the bourse. The listing by introduction covers 37,896,928 shares out of 54,066,089 registered with ECMA. Awash reported gross profit of ETB 25.67 billion for FY2025, a 137% surge, with total assets of ETB 442.6 billion and deposits exceeding ETB 358 billion. The listing comes as the ESX targets nine listings before the end of the Ethiopian fiscal year on 7 July 2026.
Two Nigerian Deals Drive Bulk of Africa's Private Capital Activity in Q1- Stears Report
Africa’s private capital activity contracted for a third straight period in early 2026, with deal volumes falling even as a surge in a handful of billion-dollar transactions lifted headline investment value.
The ‘Institutional Era’ for East African Real Estate: EAPI Summit Sets the Stage for Scale
As the region’s key cities expand at break-neck pace, the 13th Annual East Africa Property Investment (EAPI) Summit arrives at a critical juncture to connect international capital with the sector’s most influential project leaders.