The WIOCC Group has secured a substantial finance package from IFC, Proparco, and Rand Merchant Bank to advance its expansion strategy across the continent. This initiative aims to bolster digital connectivity and infrastructure in the Democratic Republic of the Congo, Nigeria, and South Africa, addressing the rising demand for colocation and data centre services.
MTN Uganda has successfully completed its first public offering, achieving the minimum 20% public float required by regulatory standards. This milestone underscores MTN’s commitment to local participation and compliance with Uganda’s Securities Exchange listing rules and Communications Commission regulations.
The Lagos State Government has entered into a landmark Memorandum of Understanding with Interswitch eClat to establish and operate the Lagos Smart Health Information Platform. This collaboration aims to revolutionize healthcare operations in Nigeria, addressing longstanding challenges in the sector.
Candi Solar, a leader in solar power solutions for commercial and industrial clients, has successfully closed its Series C funding round, securing a substantial US$38 million in equity investment. This round was led by Norfund, Kyuden International, and STOA, underscoring strong investor confidence in Candi’s mission and growth potential.
Nvidia has surged to become the world’s most valuable company after its share price hit an all-time high on Tuesday. The stock closed at nearly $136, up 3.5%, surpassing Microsoft in market value and overtaking Apple earlier this month.
Kenya Airways has resumed flights to Maputo, Mozambique, marking a significant step in its intra-Africa connectivity strategy. Starting today, the national carrier will operate three weekly flights on Wednesday, Friday, and Sunday, connecting travelers from Nairobi and vice versa.
A recent survey conducted by the Reuters Institute reveals that a staggering 94 percent of Kenyans consume short-form online news videos weekly, surpassing global averages and outpacing countries like the US. Short-form videos, typically ranging from five to 90 seconds in duration, have become increasingly popular on platforms like Instagram, TikTok, and YouTube, catering to users’ shorter attention spans.
The State Department for Investment and Industry is pushing to expand the existing Export Processing Zone (EPZ) in Athi River by acquiring an additional 1,000 hectares of land owned by the East Africa Portland Cement Company (EAPCC). PS Abubakar Hassan Abubakar highlighted the ministry’s efforts to enhance industrial growth, particularly in plug-and-play facilities for apparel investors.
