Kenya has launched an ambitious $1 billion buyback offer targeting its February 2028 Eurobond, coupled with the simultaneous sale of new notes to finance the repurchase operation, the government announced Thursday. The strategic move represents the East African nation’s latest effort to proactively manage its debt maturity schedule and avoid the kind of currency crisis […]
Japanese technology conglomerate Hitachi experienced a dramatic surge in its share price on Friday, climbing over 9% following the announcement of a groundbreaking partnership with artificial intelligence pioneer OpenAI. The collaboration, unveiled late Thursday evening, centers on building advanced AI infrastructure and data centers across multiple global markets. The partnership represents one of the most […]
In a significant boost to the nation’s struggling automotive sector, South Africa has secured firm commitments from major Chinese and Indian automobile manufacturers to upgrade their current semi-knocked-down (SKD) vehicle assembly operations to comprehensive full-scale manufacturing facilities, Trade Minister Parks Tau announced Thursday at the country’s annual automotive industry conference. The announcement comes at a […]
In a landmark decision that will reshape Kenya’s energy sector landscape, Parliament has approved the government’s ambitious plan to privatize the Kenya Pipeline Company (KPC), paving the way for the divestment of 65 percent of state shareholding to private investors through what is expected to be one of the largest initial public offerings in East […]
The global travel and tourism industry has reached a significant milestone, with worldwide investment surpassing $1 trillion in 2024, marking a robust 9.9% year-on-year increase that signals the sector’s remarkable resilience and continued expansion in the post-pandemic era. This groundbreaking announcement came during the World Travel & Tourism Council’s 25th Global Summit in Rome, where […]
In a major boost for internet connectivity across underserved African communities, Mawingu Networks, a leading Internet Service Provider (ISP), has secured USD 20 million (approximately Kes 2.6 billion) in debt funding backed by Pembani Remgro Infrastructure Fund II (PRIF II). This substantial investment represents a pivotal moment in the company’s ambitious expansion strategy to bridge […]
Kenya’s annual inflation rate edged slightly higher to 4.6 percent in September 2025, up from 4.5 percent in August, according to the latest Consumer Price Index report released by the Kenya National Bureau of Statistics. The marginal increase was primarily driven by rising costs in food and non-alcoholic beverages, transport, and housing-related expenses, though the […]
American financial markets opened Wednesday under a cloud of uncertainty as the United States federal government officially entered a shutdown at 12:01 a.m. Eastern Time, sending stock futures tumbling and raising concerns about the availability of critical economic data that investors and policymakers rely upon for decision-making. Futures contracts tied to major U.S. stock indices […]
British International Investment, the United Kingdom’s development finance institution and impact investor, has announced a strategic $20 million commitment to Acumen’s Hardest-to-Reach Initiative, marking a significant step forward in addressing Africa’s persistent energy poverty crisis. The investment, channeled through the initiative’s debt-focused vehicle known as H2R Amplify, aims to expand access to affordable, reliable, and […]
In a groundbreaking ceremony that could reshape East Africa’s industrial landscape, Aquilastar Corporate Investment has broken ground on a $150 million electric vehicle manufacturing facility at KenGen’s Green Energy Park in Olkaria, Naivasha. Backed by UAE-based Alsayegh Group, the ambitious project positions Kenya at the forefront of Africa’s electric mobility revolution. The Olkaria EV Plant […]
Kenya's private sector economy demonstrated encouraging signs of recovery during September, with the Stanbic Bank Kenya Purchasing Managers' Index (PMI)...
Inflation has accelerated across the eurozone's largest economies this month, suggesting that overall price growth also ticked upward throughout the...
Egypt's Central Bank delivered its fourth interest rate reduction of 2025 on Thursday, cutting overnight rates by 100 basis points...
Kenya has launched an ambitious $1 billion buyback offer targeting its February 2028 Eurobond, coupled with the simultaneous sale of...
