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
By Tom DiChristopher
Occidental Petroleum has reached a deal to sell Anadarko Petroleum‘s oil and gas assets in Africa to French oil major Total for $8.8 billion.
The agreement is contingent on Occidental first reaching an agreement to buy Anadarko and closing the deal. Occidental is competing with Chevron to acquire Anadarko. Read more
By Ted Reed
United Airlines says it will return to Africa this winter, when it will become the only airline to fly non-stop between the United States and Cape Town, South Africa.
Starting Dec. 15, United will fly a Boeing 787-9 between its Newark hub and Cape Town, the second largest city in South Africa with a metropolitan area population of nearly 4 million and a location on the southern tip of the African continent.
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.
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.
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
US Ambassador to Kenya Kyle McCarter says the deal for the construction of a multi-billion-shilling Nairobi-Mombasa expressway will be signed this month.
Addressing visiting members of the US National Association of Securities Professionals (Nasp), the envoy has revealed that the agreement for the Sh350 billion road will be struck on April 17th.
The 473-kilometer state-of-the-art dual carriage motorway will be built by an American engineering company, Bechtel. Read more