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.
Centum Investment-owned Two Rivers International Finance and Innovation Centre (Trific) has secured $47.5 million (Sh6.1 billion) funding from Africa-focused fund manager Vintage Capital to fuel its expansion plans. This investment will facilitate the construction of additional office towers and the furnishing of the already built Trific North Tower, enhancing workspace within Nairobi’s Gigiri area.
In a historic move, Eos Capital, managers of the Namibia Infrastructure Development and Investment Fund (NIDIF), has been granted permission to embark on the Namibia Space Port project. This project, led by Q-KON Namibia, marks a significant leap forward for the country in the realm of satellite communications.
A significant milestone in Africa’s digital journey was achieved as ICT and communications ministers across the continent approved the Continental Artificial Intelligence (AI) Strategy and African Digital Compact. These initiatives aim to unlock Africa’s potential in digital technologies and accelerate its digital transformation.
A milestone event unfolded as SINOMA Roofing Company, a leading Chinese roofing manufacturer, inaugurated a new factory in Machakos County, Kenya. This facility is set to revolutionize the roofing industry by offering affordable, eco-friendly, and durable materials to the Kenyan market.
Ampersand and BYD have signed a groundbreaking Memorandum of Understanding to collaborate on decarbonising Africa’s commercial motorbike transport system. This strategic partnership will see Ampersand, the leading EV energy tech company based in Kigali, purchase BYD’s high-tech battery cells to manufacture around 40,000 electric motorcycles by the end of 2026. The long-term goal is to electrify a substantial portion of Africa’s 30 million commercial motorbikes, driving sustainable growth across the continent.
Immobazyme, a biotechnology start-up based in Stellenbosch, has announced a significant milestone with the securing of $1.3 million (R24.5m) in its latest funding round. Known for its enzyme immobilisation platform and precision fermentation technologies, Immobazyme plans to utilize this funding to expand its operations, including doubling the size of its facility and enhancing production capabilities….
