Category: Kenya

  • inq. sets the stage for its Pan-African play

    inq. sets the stage for its Pan-African play

    In a strategic move aimed at enhancing client experience, inq., a global leader in Edge solutions, has directed its efforts on better servicing clients through South Africa, a key region with a significant presence of multinational corporations. This aligns with the new group-level strategy to leverage South Africa’s robust market…

  • Nigerian Tech Startups Garner Record Investment in Q2 2024

    Nigerian Tech Startups Garner Record Investment in Q2 2024

    Nigeria’s technology sector has experienced a surge in investment during the second quarter of 2024, marking a milestone for the country’s burgeoning tech industry. Reports indicate that Nigerian tech startups have attracted over $100 million in venture capital funding, a significant increase compared to previous quarters. The investment boom is…

  • Kenya plans second Eurobond buyback in 2024, World Bank says

    Kenya plans second Eurobond buyback in 2024, World Bank says

    By Samkele Mchunu Kenya’s Eurobond Buyback: A Signal of Progress for African Debt Management and Investment Potential? Kenya’s proactive approach to managing its Eurobond debt is sending ripples across Africa, with implications for investment and financial stability on the continent. The World Bank’s recent report highlights Kenya’s plans for a…

  • Microsoft and G42 Partner to Invest $1 Billion in Kenyan Data Center

    Microsoft and G42 Partner to Invest $1 Billion in Kenyan Data Center

    By Samkele Mchunu Microsoft Corporation (MSFT.O) has announced a strategic partnership with UAE-based AI firm G42 to invest $1 billion in establishing a state-of-the-art data center in Kenya. This ambitious project aims to expand cloud-computing services across East Africa, marking a significant step in the region’s digital transformation. The announcement…

  • Kenya uses only geothermal energy to power its data centers.

    Kenya uses only geothermal energy to power its data centers.

    By Samkele Mchunu Globally, there is pressure on data center operators to offer environmentally friendly options; one recent project in Kenya chose to get its electricity from geothermal sources. With the signature of a memorandum of understanding between local data center operator EcoCloud and Abu Dhabi-based technology firm G42 to…

  • Examining the Rich Gold Reserves Across the African Continent

    Examining the Rich Gold Reserves Across the African Continent

    As the political and economic uncertainty rises globally, African countries are working towards strengthening their gold reserves to achieve stability and offset the forthcoming global economic shocks. Gold has always been a workable alternative to USD investments, and its lower volatility compared to other financial instruments makes it a favorable…

  • Kenya, Rwanda, Cameroon, and South Africa are welcome to Nigeria’s exports.

    Kenya, Rwanda, Cameroon, and South Africa are welcome to Nigeria’s exports.

    The main goal of the AfCFTA, which was founded in 2018 but started operating the next year, is to increase trade inside the African continent. Nigeria will start selling some of its goods to some of the nearby markets with which it has historically had shaky business relations. The West…

  • Exclusive Interview: Featuring the Founder and CEO of Food Solidarity International ,Nicodemus Omundo.

    Exclusive Interview: Featuring the Founder and CEO of Food Solidarity International ,Nicodemus Omundo.

    In an exclusive interview with Africa Talks Business, The resilient and passionate Nicodemus teaches us that though dreams tend to fail us, having a passion for something can turn into something better than a dream, Success. Just a background on you & how your journey started.“I never intended to or…

  • What You Need to Know Before Relocating Abroad

    What You Need to Know Before Relocating Abroad

    The economic fortunes of Kenyans in the diaspora have significantly improved in recent years, with diaspora remittances or money sent back home by Kenyans living abroad steadily rising to become the country’s top forex exchange earner. Figures from the Central Bank of Kenya show that the country’s diaspora remittances reached…

  • Why investors are hesitant to lend broke government

    Why investors are hesitant to lend broke government

    Investors are unwilling to lend the government billions of shillings in a push for higher interest rates amid a cash squeeze that has seen the State delay payment of civil service salaries. Only one in four Treasury bonds offered this year have met their target, with the latest issue raising…