… The deal was backed by $47 billion in new equity led by the Ellison family, private equity firm RedBird Capital and the sovereign wealth funds of Saudi Arabia, Qatar and Abu Dhabi.David Ellison's father, billionaire Oracle founder Larry Ellison, provided major funding and a guara …
… David Ellison, son of Trump ally and Oracle (ORCL.N), opens new tab Executive Chairman Larry Ellison, took control of Paramount and its CBS news unit, leading to a controversial shakeup at "60 Minutes," the most popular US TV news magazine. …
… Among the investments are Oracle’s selection of Kenya for its first public cloud region in Africa, Coca-Cola’s $175 million (Sh22.7 billion) commitment, Mars Wrigley’s $103 million (Sh13.3 billion) production line at Athi River and a new manufacturing plant being established by S …
… Kenya already has two AI-powered data centres that consume a lot of power, against South Africa’s five and Nigeria’s one.Companies like Safaricom, Airtel, IX Africa, Oracle, Icolo, Digital Realty, Microsoft, Huawei and Google require big data centres, which use a lot of power to …
… Memphis in 2024. xAI still accounts for most of the two gigawatts of behind-the-meter power online today, according to research by Cleanview, which estimates that around 97 gigawatts of such projects are planned involving every hyperscaler -- including Meta, Microsoft and Oracle …
… Trump ties The approval was a coup for Paramount chief executive David Ellison, whose father, Oracle co-founder Larry Ellison, largely financed the takeover. …
… leadership in artificial intelligence, financial technology, agriculture, healthcare and clean energy. “The future for not just the continent but the globe is being built here,” she said, noting that major American companies, including Google, Microsoft, Cisco, Meta, IBM, Oracle …
… She noted that major American companies, including Google, Microsoft, Cisco, Meta, IBM, Oracle and Amazon, are expanding their footprint in Kenya, reflecting confidence in the country’s talent and business environment. …
… There’s a reason Oracle is here, and there’s a reason some of these larger tech corporations are either here or making future plans to move here,” she said. …
Paramount on Tuesday completed its takeover of Warner Bros. Discovery, combining two major Hollywood studios under David Ellison's control into a company renamed Skydance with nearly $70 billion in annual revenue. The merged entity brings together Paramount Pictures and Warner Bros. Pictures, CNN and CBS News, and HBO and CBS television brands, with plans to merge Paramount+ and HBO Max streaming services over time.
Paramount on Tuesday completed its takeover of Warner Bros. Discovery, combining two major Hollywood studios under David Ellison's control into a company renamed Skydance with nearly $70 billion in annual revenue. The merged entity brings together Paramount Pictures and Warner Bros. Pictures, CNN and CBS News, and HBO and CBS television brands, with plans to merge Paramount+ and HBO Max streaming services over time.
CNN, MS NOW and Politico sued President Donald Trump and members of his administration on Monday for banning them from White House grounds, claiming it violated their First Amendment rights to free speech and a free press. The outlets are seeking a temporary restraining order in federal court in Washington, D.C., with emergency hearings possible this week.
President William Ruto addressed the American Chamber of Commerce Business Summit, pitching Kenya as an investment gateway and emphasising that capital flows on clear rules, timely licensing, and contract respect rather than presidential directives alone. His remarks come amid debate over the government's approach to foreign investment, including disputes involving Tata Chemicals.
Amaco Energy Group proposes an LNG-powered smart-power system valued at $1.5 billion (Sh194 billion) to supply AI data centres at the Port of Mombasa. The offshore system, called Hercules, would operate independently of the national grid and would be the first of its kind in Africa.
Amazon confirmed it is financing a private gas power plant in Texas that could become the single largest source of greenhouse gas emissions in the United States, part of a trend of tech giants building off-grid power for AI operations. The plant, known as GW Ranch and being developed by Pacifico Energy, would have 35 turbines generating 7.65 gigawatts, larger than any gas plant currently operating in the United States.
California and 11 other US states have filed a lawsuit to block Paramount Skydance's $110 billion takeover of Warner Bros. Discovery, arguing the merger—the largest in Hollywood history—threatens competition in film and television and would lead to higher prices and lower quality content.
The U.S. Embassy in Nairobi hosted a reception marking the 250th anniversary of American independence, bringing together Kenyan government officials, diplomats, and business leaders to celebrate shared democratic values, innovation, and trade partnerships.
Prime Cabinet Secretary Musalia Mudavadi has welcomed the Trump administration's shift in U.S.-Africa policy from aid-focused to trade and investment-driven, and said Kenya looks forward to concluding negotiations on a bilateral trade agreement with the United States.
Tour operators have called on national and county governments to urgently improve infrastructure in key tourism destinations, citing poor roads, inadequate park facilities, and weak air connectivity as threats to Kenya's tourism competitiveness and visitor experience.
An opinion piece examining France's Sh3.5 trillion in commitments announced at President Ruto's Africa Forward Summit, questioning whether such investment comes with conditions that compromise African sovereignty, noting the President repeated the word "sovereignty" eight times in his closing address.