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KCB Bank Kenya Lowers Base Lending Rate To 14.6% Amid Strong Financial Growth
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KCB Bank Kenya Lowers Base Lending Rate To 14.6% Amid Strong Financial Growth

Advertisement KCB Bank Kenya Lowers Base Lending Rate To 14.6% Amid Strong Financial Growth KCB Bank Kenya wishes has reduced its base lending ...
By ABN StaffFebruary 11, 20250

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  • Google to Invest £5bn in UK AI Google’s parent company, Alphabet, has unveiled a £5bn ($6.8bn) investment in the UK focused on artificial intelligence. The funding will go into infrastructure and advanced scientific research over the next two years, coinciding with US President Donald Trump’s state visit. In an exclusive interview with the BBC, Alphabet’s president and chief investment officer Ruth Porat said there were “profound opportunities in the UK” for pioneering work in advanced science. The announcement comes alongside the official opening of a $1bn (£735m) data centre in Waltham Cross, Hertfordshire, which Chancellor Rachel Reeves will launch on Tuesday. The investment also extends to DeepMind, Google’s London-based AI subsidiary, led by Nobel Prize winner Sir Demis Hassabis. DeepMind’s research aims to revolutionise advanced science, strengthening what Porat described as a “US-UK special technology relationship.” Energy, Jobs, and the Future of AI Porat emphasised that the UK’s AI Opportunities Action Plan played a role in securing the investment, though she noted that capturing the benefits of AI “was not a foregone conclusion.” She highlighted both economic and societal opportunities, while acknowledging risks that require joint mitigation. Alphabet’s expansion comes as the company’s valuation topped $3 trillion, joining Apple, Microsoft, and Nvidia. Its share price has surged after US courts decided against breaking up the firm. CEO Sundar Pichai has repositioned Google as an “AI First” company, driving its market momentum. Addressing environmental concerns, Porat explained that the new data centre will use air cooling, with captured heat redistributed to schools and homes. Google has also partnered with Shell to ensure its UK operations are powered by “95% carbon-free energy.” On jobs, she admitted that AI adoption presents challenges, but stressed that new industries and professions are emerging. “AI is collaborating with people rather than replacing them,” she said, urging graduates and professionals to engage with the technology rather than fear it.

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    • Glovo Opens New Nairobi Headquarters, Commits KSh 10 Billion Investment by 2030

      Glovo Opens New Nairobi Headquarters, Commits KSh 10 Billion Investment by 2030

      4 hours ago
    • Safaricom Group Revenue Hits KES 414 Billion as Net Income Crosses KES 100 Billion in FY26

      Safaricom Group Revenue Hits KES 414 Billion as Net Income Crosses KES 100 Billion in FY26

      1 day ago
    • Kenya Unveils AI for Disability Project to Drive Inclusive Digital Growth

      Kenya Unveils AI for Disability Project to Drive Inclusive Digital Growth

      4 days ago
    • ZiiDi Powers Safaricom’s Investing Win

      ZiiDi Powers Safaricom’s Investing Win

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    • Nightography and the Visual Language of the After-Hours City

      Nightography and the Visual Language of the After-Hours City

      April 17, 2026
    • Grade 10 Learners Debut at National Drama Festival Under CBE

      Grade 10 Learners Debut at National Drama Festival Under CBE

      April 8, 2026
    • Easter Moments Made Better with Samsung

      Easter Moments Made Better with Samsung

      April 3, 2026
    • Easter Unplugged: Travel Freely, Connect Easily and Celebrate Fully

      Easter Unplugged: Travel Freely, Connect Easily and Celebrate Fully

      April 3, 2026
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    • Building AI Fluency: A Leadership Imperative for Kenya’s Workforce

      Building AI Fluency: A Leadership Imperative for Kenya’s Workforce

      April 1, 2026
    • Feminist Initiative Launches Community Listening Series in Kibera

      Feminist Initiative Launches Community Listening Series in Kibera

      March 8, 2026
    • What Kenya Is Teaching the World About Families Reading Together

      What Kenya Is Teaching the World About Families Reading Together

      February 12, 2026
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      Data Privacy Is the New Trust Test

      February 12, 2026
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