Absa Bank Kenya has significantly bolstered its commitment to addressing Kenya’s persistent affordable housing deficit, earmarking KES 4 billion for onward lending to the retail segment. This substantial allocation represents an increase from its previous KES 3 billion investment portfolio with the Kenya Mortgage Refinance Company (KMRC), signaling Absa’s intensified focus on making homeownership a […]
The global robotaxi sector is experiencing an unprecedented surge in investment, with capital injections now exceeding a staggering $2 billion. This financial influx underscores a critical turning point in the development and deployment of autonomous vehicles, signaling a rapid acceleration towards a future where driverless cars are a common sight on urban roads. Leading the […]
ExxonMobil, a leading U.S.-based integrated energy company, is set to underscore its long-term commitment to Africa’s burgeoning energy sector as a Diamond Sponsor at the highly anticipated 2025 African Energy Week (AEW) conference in Cape Town. The African Energy Chamber has confirmed ExxonMobil’s pivotal role in the event, scheduled for later this year under the […]
In a significant move poised to reshape Kenya’s rapidly evolving real estate sector, NCBA Bank has announced a strategic distributor partnership with Zetu Innovations, the visionary creators behind the Nyumba Zetu platform. This collaboration is set to empower NCBA’s extensive real estate customer base with a cutting-edge property management solution, designed to simplify the intricate […]
In the dynamic landscape of global finance, major institutions are constantly balancing growth, profitability, and increasingly, their environmental and social responsibilities. HSBC, one of the world’s largest banking and financial services organizations, finds itself at a critical juncture, presenting a fascinating paradox for investors and market observers alike. In the first half of 2025, the […]
South Africa’s energy future is at a pivotal crossroads, marked by ambitious plans to transform its power landscape and address a long-standing infrastructure deficit. This week has been particularly dynamic for the nation’s power transmission sector, signaling a concerted effort to accelerate development and integrate much-needed private capital. At the heart of this push is […]
The East African Community (EAC) is once again grappling with escalating trade tensions, as Kenya formally objects to new business licensing rules and tax measures introduced by Tanzania. Nairobi has labelled these new directives as discriminatory and a significant threat to the spirit of regional economic integration, raising concerns that they could “criminalise” lawful investments […]
The African digital landscape is buzzing with news of a significant financial milestone: Axian Telecom, a rapidly expanding pan-African telecommunications powerhouse, has successfully closed an oversubscribed $600 million bond issuance. This landmark achievement, anchored by a formidable coalition of leading Development Finance Institutions (DFIs), signals a robust vote of confidence in Africa’s burgeoning digital future […]
The digital landscape in Africa is set for a significant transformation following a major announcement from tech giant Google. The company has pledged a cumulative $370 million (approximately R6.7 billion) in funding dedicated to accelerating artificial intelligence (AI) development across the continent. This substantial investment is complemented by the exciting launch of a new, state-of-the-art […]
In a monumental boost for energy access and digital inclusion across Kenya, Sun King, a global leader in off-grid solar energy solutions, has successfully finalized a $156 million financing deal. This landmark securitization, backed by a powerful consortium of private Kenyan banks and international development finance institutions, is set to revolutionize access to clean, affordable […]
Tata Chemicals Magadi Limited has announced a significant and ambitious expansion plan for its soda ash mining activities at Lake...
The influential OPEC+ alliance has announced a significant decision to increase its collective oil production by 547,000 barrels per day...
South Africa is bracing for a significant economic blow as a 30% tariff on its exports to the United States...
Absa Bank Kenya has significantly bolstered its commitment to addressing Kenya's persistent affordable housing deficit, earmarking KES 4 billion for...
