Author: James Wambua

US Congress members ask Speaker Mike Johnson to invite President Ruto to address the assembly. President Ruto will be visiting the US on May 23 to mark 60 years of US-Kenya diplomatic ties. If invited, President Ruto would become the first Kenyan Head of State to address a joint session of US Congress. In a historic plan highlighting the deepening ties between the United States and Kenya, House Foreign Affairs Committee chairman Michael McCaul (Republican – Texas) and Ranking Member Gregory Meeks (Democrat – New York) have jointly sent a letter to Speaker of the House Mike Johnson (Republican -…

19 African Heads of State seek to triple IDA’s financing capacity to $279 billion by 2030. IDA remains [Africa’s] most dependable source of capital, with every dollar of donor financing enabling an additional $3.5 in capital market leverage to amplify development impacts: President Ruto We are united by a shared vision for the future of Africa—a continent rich in diversity, culture, and potential, thanks to its young people and natural resources: The World Bank Group President Ajay Banga. In a historic gathering of 19 African Heads of State and government in Nairobi, Kenya’s President William Ruto has ramped up calls…

AIM Congress promises to be a melting pot of insights, strategies, and opportunities aimed at shaping the future of global investment. The congress has carved a niche for itself as a premier investment platform dedicated to fostering collaboration and driving innovation. The Innovation and Technology Track will delve into the latest trends and innovations across various domains, including artificial intelligence, the Internet of Things, smart agriculture, and bockchain technology. The anticipation is building as the AIM Investment Summit 2024 gears up to host over 450 dialogue sessions, featuring 900 speakers and experts from around the globe. In collaboration with over…

AIM Congress will be hosted by Abu Dhabi, with the support of the UAE Ministry of Industry and Advanced Technology and the Abu Dhabi Department of Economic Development (ADDED) as lead partners. The Gold Sponsors for the event are Saud Bahwan Group, Jordan’s Ministry of Investment, and Moroccan Investment and Export Development Agency. The Silver Sponsor for the event is Ajman Chamber of Commerce and Industry. As the Annual Investment Meeting (AIM) Congress 2024 draws even closer, the spotlight is on the outstanding partnership efforts that have fueled its success over the years. With the event slated to take place…

Over 300 startups are converging in Abu Dhabi between May 7th and 9th for three days of innovation, collaboration, and transformative dialogue. Key topics on the agenda include the rise of startups in biotechnology, the integration of technology into enterprises for financial resilience, and customer acquisition and retention. Seven high-level roundtable meetings are slated to help startup entrepreneurs learn from experts about the latest global investment issues. AIM Congress, now on its 13th edition, is gearing up to host over 300 startups from diverse fields of innovation and industries, marking a huge milestone for the global showcase in the United…

South Korea-based LB Investment, which has $1.2 trillion Assets Under Management (AUM) as of 2023, has announced its participation in the 2024 AIM Congress. (https://riverwestdentalid.com) The firm will showcase a diverse portfolio of startups and companies, representing cutting-edge innovation and disruptive solutions across industries. Among the notable entities brought to the forefront by LB Investment are LisMed, Standard Energy Inc., t’order, FITPET, LABLUP, BLUEZONE WIDE, NOTA AI, and ABYSS Company. LB Investment, a venture capital company with a legacy of fostering innovation and entrepreneurship, and with $1.2 trillion in Assets Under Management (AUM) as of 2023, has announced its participation…

Meg Whitman, US Ambassador to Kenya, highlights key investment opportunities in Kenya, particularly in the creative industry and clean energy. She noted that Kenya has the potential to become the Singapore of Africa through vertical business integration, job creation, innovation, and foreign direct investment. AmCham Business Summit 2024 seeks to strengthen bilateral trade and investment between the US, Kenya, and East Africa. The fourth edition of the regional American Chamber of Commerce Kenya (AmCham) Business Summit, has officially kicked off in Nairobi, Kenya, under the theme, ‘Catalyzing The Future of US-East Africa Trade and Investment’. This year’s forum underscores AmCham…

UN faults UK-Rwanda asylum treaty citing concerns on potentially harmful impact on global responsibility-sharing, human rights, and refugee protection. Spearheaded by Prime Minister Rishi Sunak, the legislation mandates judges to deem Rwanda as a safe third country. With deportation flights slated to start in July, the move is sparking weighty debates over the ethical implications of outsourcing asylum responsibilities. This week’s passage of the “Safety of Rwanda” Bill by the UK Parliament has triggered alarm bells within the United Nations (UN), with two prominent leaders, Filippo Grandi, the UN High Commissioner for Refugees, and Volker Türk, the UN High Commissioner…

Namibia’s Mopane field could hold up to 10 billion barrels of oil, Galp announces. Tests on Mopane-1X well in January and the Mopane-2X well in March gave highly promising findings. Exploration success in Namibia could pave the way for a new revenue stream for Galp. Portuguese oil company Galp Energia has set the stage for a potential game-changer in the global energy industry with its announcement at the weekend regarding the Mopane field off the coast of Namibia. Following the conclusion of the first phase of exploration, Galp projects that the Mopane field could hold up to 10 billion barrels…

Chronic instability plagues the existing power grids, worsened by the pressing need to connect growing populations. The advent of renewable energy sources introduces new complexities, considering the intermittent nature of solar and wind power generation. Wärtsilä Energy says deploying battery storage and flexible engine power plants offers a pathway toward reliable grid resilience. Across economies in Africa, a profound transition is underway. Increasingly, economies are grappling with the dual challenge of meeting burgeoning energy demand while steadily transitioning towards sustainability, a scenario amplifies the importance of economies having reliable power production. Wärtsilä Energy, a giant power plant manufacturer and energy…