European Investment Bank Invests Sh3.5B in Amethis

The European Investment Bank (EIB) has announced a significant investment of €25 million (Sh3.5 billion) in Amethis Fund III. This pan-African fund aims to provide private equity growth capital to medium-sized enterprises across the continent, including in Kenya. The EIB’s investment underscores its commitment to fostering economic development and supporting businesses that drive sustainable growth in Africa.

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Rwanda will Host the World’s Largest Internet Forum

Rwanda is set to host the 80th public meeting of the Internet Corporation for Assigned Names and Numbers (ICANN), marking the first ICANN meeting to be held in East Africa. Organized in collaboration with Rwanda’s Ministry of Information and Communication Technology (ICT) and Innovation, the event will take place at the Kigali Convention Centre from June 10th to 13th.

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Microsoft to Host AI Fest for African Start-Ups

Microsoft is set to host the African Start-Ups Artificial Intelligence (AI) Fest on June 6 in Johannesburg. This hybrid event, led by Microsoft Africa president Lillian Barnard, will bring together technology company founders, leaders, start-up partners, and customers. Those unable to attend in person will be connected virtually, ensuring wide participation and engagement.

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Emtel Offers Shares to Investors from South Africa,UK, and Mauritius

Emtel, the Indian Ocean telecoms giant, has officially gone public on the Stock Exchange of Mauritius (SEM). In a significant move, Emtel has opened up 25% of its shares to investors from South Africa, the United Kingdom, and Mauritius. This landmark Initial Public Offering (IPO) offers a unique opportunity for investors to be part of a leading telco’s future growth and success.

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Visa Launches New Digital Products for Modern Era

Visa has introduced a revolutionary suite of digital-first products and services aimed at transforming the payment landscape for businesses, merchants, consumers, and financial institutions. Announced at the annual Visa Payments Forum for Central and Eastern Europe, the Middle East, and Africa, these innovations are set to roll out over the coming year, promising enhanced convenience, security, and inclusivity.

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