Category Archives: Business

Kenyan, American team up to found a Firm Furnishing Athletes With Shoes Fit For Tracks

By AvatarJael Keya

Over decades Kenyans have dominated the tracks in most Olympic championships with most medals being brought back home.

World-over, Kenyans have been known as track kings and queens with the recent win being made by a Eliud Kipchoge who scooped the London Marathon win, two weeks ago, for a forth time as Britain’s Mo Farah finished fifth. Read more

Microsoft to spend US$100 million on Kenya, Nigeria tech development hub

Microsoft Corp will invest US$100 million to open an Africa technology development centre with sites in Kenya and Nigeria over the next five years, the company said.

Global tech giants, including Alphabet Inc and Facebook, have been increasing investment on the continent in recent years to take advantage of growing economies with rising access rates to the internet by a youthful population. Read more

Reservoir Capital Corp. Enters into Memorandum of Understanding to Increase Its Nigerian Hydro Investment

  • Canadian firm wants to take full control of Kainji Dam

Vancouver, British Columbia–(Newsfile Corp. – April 16, 2019) – Reservoir Capital Corp. (CSE: REO) (“REO”) is pleased to announce that it has reached agreements in principle and non-binding Memorandum of Understanding dated April 3, 2019 with Kainji Power Holding Limited (“KPHL”) and certain shareholders (the “Vendors”) of Mainstream Energy Solutions Limited (“MESL”), pursuant to which REO proposes to substantially increase both its indirect economic interest in MESL and its direct stake in KPHL in exchange for the issuance of common shares of REO (“REO Shares”) to the Vendors and their designated beneficiaries (the “Transaction”). Read more

Kenya Airways inks deal with Delta Air Lines to expand operations in U.S.

Kenya’s flag carrier airline Kenya Airways said Friday it has reached an agreement with American airline Delta Air Lines to activate its codeshare with Delta in the United States and Canada.

Kenya Airways chief executive officer Sebastian Mikosz said the partnership will enable both the business and leisure travelers to enjoy greater connectivity and efficiency in 11 U.S. cities and four Canadian cities.

Read more

Cisco launches Incubation hub in Kenya

By Rinchi

Cisco, an American telecommunications equipment manufacturer announces the launch of an incubation hub worth KES 69 million in Nairobi, Kenya. This initiative is conducted along with the expansion of its business operations in the country.

The incubation hub center will be hosted at the University of Nairobi (UoN) which will be Cisco’s second incubation hub in Africa after South Africa in 2018.

Read more

US institutional investors in SA to seek co-investment opportunities

The United States of America Embassy on Friday said that its country investors were looking to explore co-investment opportunities across sectors in South Africa.

A delegation of American investors was visiting Johannesburg to strengthen relationships with African pension funds, asset managers, and financial institutions for potential partnerships and co-investments. Read more

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