The World Chambers Federation (WCF), in collaboration with the Kenya National Chamber of Commerce and Industry (KNCCI), will host the first-ever Africa Summit from April 9 to 11, 2025. This landmark event, set to take place at the Kenyatta International Convention Centre (KICC) in Nairobi, is poised to redefine Africa’s role in global trade and […]
The global sukuk market is gearing up for a significant expansion in 2025, with total issuances projected to reach between $190 billion and $200 billion. This expected growth underscores the resilience of Islamic finance and highlights the strategic role of the Gulf Cooperation Council (GCC) region in driving the sukuk market forward. The rising interest […]
The 10th of Ramadan Investors Association, a leading body representing key industrial stakeholders in Egypt, has initiated a strategic dialogue with the Commercial International Bank (CIB) to explore opportunities for enhancing Egyptian exports to African markets. The discussions aim to leverage CIB’s financial expertise and expansive African footprint to unlock new trade opportunities and strengthen […]
Transforming Regional Trade and Connectivity Kenya’s President William Ruto has unveiled an ambitious plan to extend the Standard Gauge Railway (SGR) to Uganda and South Sudan, a move poised to redefine East Africa’s transportation and trade dynamics. This announcement follows discussions in Abu Dhabi with UAE Investment Minister Mohamed Hassan Alsuwaidi, signaling a landmark partnership […]
Overview and Significance of Synthesia’s Growth Synthesia, a London-based AI company that allows users to generate video content using human-like avatars, has achieved a major milestone. The startup’s $180 million Series D funding round has placed its valuation at $2.1 billion, more than doubling the $1 billion valuation it secured in 2023. The funding round […]
Overview of the Tender Brait, a prominent South African investment firm, has once again faced challenges in its attempt to reduce its convertible bond (CB) liabilities. The company aimed to repurchase R400 million of its outstanding R3 billion CBs, but investors tendered only R99 million worth of bonds. The bonds, which mature in December 2027, […]
Kenya’s tech ecosystem has solidified its position as a leading innovation hub in Africa, attracting more foreign investment in 2024 than any other country on the continent. This marks the second consecutive year that Kenya has outpaced Nigeria in total tech funding, signaling a shift in Africa’s technological and entrepreneurial landscape. Kenya’s Rise to Dominance […]
The Abu Dhabi Investment Authority (ADIA), one of the largest sovereign wealth funds globally, has announced a significant $500 million minority stake investment in AlphaGen, a U.S.-based power infrastructure company owned by ArcLight Capital Partners. This move underscores ADIA’s focus on diversifying its portfolio and targeting high-growth sectors like energy infrastructure to capitalize on the […]
Kenya’s commercial banks have demonstrated remarkable resilience in a challenging economic environment, recording an 11.58% increase in pre-tax profits for the first eight months of 2024. Profits rose to $1.22 billion from $1.09 billion in the same period last year, according to data from the Central Bank of Kenya (CBK). This growth comes despite a […]
Kenya Airways (KQ), one of Africa’s most iconic carriers, has made a triumphant return to the Nairobi Securities Exchange (NSE) after a four-and-a-half-year hiatus. The relisting, marked by strong investor enthusiasm, reflects the airline’s ongoing recovery after years of financial turbulence and operational challenges. Shares of Kenya Airways surged to a high of Sh6 (4.6 […]
The Energy and Petroleum Regulatory Authority (EPRA) of Kenya has announced a significant hike in fuel prices in its most...
In a historic agreement, the World Bank has announced a 10-year Country Partnership Framework (CPF) with Pakistan, pledging $20 billion...
Nigeria’s crude oil production has achieved a significant milestone, recording a year-on-year (YoY) increase of 6.3% to reach 1.507 million...
The World Chambers Federation (WCF), in collaboration with the Kenya National Chamber of Commerce and Industry (KNCCI), will host the...