Stanbic Bank Kenya is taking a major leap forward in bolstering trade between Kenya and China by launching the Africa-China Trade Platform—a digital hub designed to simplify cross-border transactions, reduce currency risk, and empower Kenyan businesses to tap into the vast Chinese market. The initiative, announced during the Chinese Economic Forum held in Nairobi, is […]
In a transformative move set to reshape Pakistan’s mining landscape, the World Bank’s private investment arm, the International Finance Corporation (IFC), has committed to extend a $300 million A-loan to finance the Reko Diq copper and gold mining project. This deal, part of a broader strategy to bolster sustainable growth and economic inclusion, is expected […]
In a robust move that underscores the growing momentum behind financial inclusion in Africa, Verdant Capital Hybrid Fund has announced an additional investment of USD 4.5 million in LOLC Africa Singapore Limited. This latest capital infusion marks a cumulative investment of USD 13.5 million in LOLC Africa—a development that comes on the heels of an […]
In a grand demonstration of Africa’s evolving business landscape, the WCF Africa Summit 2025 was officially launched in Nairobi this Wednesday at the renowned Kenyatta International Convention Centre (KICC). With the presence of top government officials, members of the diplomatic corps, development partners, chamber leaders, and a vibrant cross-section of the business community, the summit […]
In a day marked by extreme volatility and mounting uncertainty, U.S. Treasury investors found themselves reeling from a sharp selloff that sent yields soaring to levels unseen in years. Despite President Donald Trump’s temporary pause on new tariffs—a move intended to ease market pressures—the global bond market remained jittery. In what some analysts called a […]
In a significant boost for the African fintech ecosystem, Moroccan startup PayTic announced that it has secured $4 million in funding to accelerate its expansion and enhance its cutting-edge payment automation solutions across North and Sub-Saharan Africa. The funding round was led by AfricInvest, with participation from renowned investors including Build Ventures, Axian Group, Mistral, […]
Kenya Power, in a significant boost to Kenya’s electrification agenda and socio-economic development, has announced an ambitious plan to connect 150,000 new customers to the national electricity grid under the Last Mile Connectivity Project (LMCP) Phase VI. Funded by a generous allocation from the African Development Bank (AfDB), the project will extend across 45 counties—excluding […]
In a bold and forward-looking address at the 14th Annual Investment Conference (AIM Congress 2025), held at the Abu Dhabi National Exhibition Centre from April 7 to 9, 2025, His Excellency Zayed bin Aweidha, CEO of Abu Dhabi Investment Group (ADIG), delivered a comprehensive keynote that examined global economic challenges while offering a nuanced perspective […]
Italian energy giant Eni (ENI.MI) announced plans to invest approximately 24 billion euros (roughly $26.24 billion) over the next four years in Algeria, Libya, and Egypt. The decision, revealed by Eni CEO Claudio Descalzi at an energy conference in Ravenna, underscores the company’s commitment to revitalize energy production in North Africa, enhance hydrocarbon supply reliability, […]
In a move that underscores both determination and transformation, Harambee Deposit Taking Sacco has written off its entire investment of Ksh184 million (approximately $1.42 million) in the Kenya Union of Savings and Credit Co-operatives (Kuscco) as part of a broader strategy to strengthen its financial foundations. The decision, which comes amid the Sacco’s ambitious plans […]
The European Union (EU) Delegation to Kenya has unveiled plans for the second edition of the EU-Kenya Business Forum, scheduled...
In a surprising reversal from previous forecasts, the UK economy expanded by 0.5% in February, significantly outpacing the anticipated 0.1%...
In a significant milestone for Somalia’s long-suffering economy, the government in Mogadishu has signed a $306.5 million debt relief deal...
Stanbic Bank Kenya is taking a major leap forward in bolstering trade between Kenya and China by launching the Africa-China...