In a strategic move to fortify its position in the global marketplace, the Group Managing Director and Chief Executive Officer of Nigerian Exchange Group Plc, Mr. Temi Popoola, has announced the Exchange’s ongoing collaboration with regulators to review and align its listing rules with global standards, particularly those observed in major financial hubs like London. […]
In a groundbreaking development, Apollo Agriculture has successfully secured a substantial $10 million investment from Swedfund International and ImpactConnect, facilitated by DEG. This noteworthy financial infusion propels the company into a robust position to further its rapid expansion in pursuit of the mission to enhance the livelihoods of small-scale farmers while promoting sustainable farming practices. […]
In a strategic move to support small businesses, the Kenyan Treasury has introduced the Kenya Credit Guarantee Scheme Company (KCGSC) in collaboration with financial institutions. The initiative, developed in partnership with commercial banks, aims to de-risk lending to small businesses, particularly those emerging from the Hustler Fund. The Kenya Credit Guarantee Scheme Company (KCGSC) represents […]
In an effort to counter the recent slump in the Chinese stock market, authorities in China are contemplating a comprehensive package of measures, according to sources familiar with the matter. Previous attempts to restore investor confidence fell short, prompting Premier Li Qiang to call for “forceful” steps. Insiders reveal that policymakers are considering mobilizing approximately […]
Nukkleus Inc. and its subsidiary, DRFQ, have entered into a strategic partnership with TANTEL ISAF GROUP LIMITED to make significant inroads into the burgeoning African Business-to-Business (B2B) payments market. The World Bank estimates the value of this market to be upwards of $1.5 trillion. The collaboration seeks to revolutionize payment infrastructure across the continent, addressing […]
Ethiopia is gearing up to grant licenses to foreign investment banks, marking a significant move in preparation for the planned launch of a securities exchange later this year, according to statements from the Director General of the Ethiopian Capital Market Authority, Brook Taye. The liberalization initiative has attracted interest from foreign investors, including Safaricom (SCOM.NR), […]
The Brazilian real experienced a sell-off on Monday following the announcement of a new industrial development plan by leftist President Luiz Inacio Lula da Silva, aimed at revitalizing the country’s sluggish growth through state credits and subsidies over the next decade. Lula, seeking to replicate the strategies from his 2003-2010 presidential terms, expressed the need […]
In a recent report, the International Energy Agency (IEA) has cautioned that Kenya’s revised policy on procuring electricity from independent power producers (IPPs) specializing in renewable sources hinders new investments and impedes efforts to address the nation’s energy access deficit. The policy change, which saw the approval of the Renewable Energy Auction Policy (Reap) by […]
In a notable financial achievement, the Central Bank of Kenya (CBK) has surpassed expectations by collecting KSh 11.76 billion in its second January Treasury Bonds tap sale, despite seeking KSh 15 billion. The bank floated both three-year and five-year treasury bonds during this auction, reflecting a strategic move to diversify its portfolio. This recent foray […]
In an unprecedented surge, the U.S. corporate bond markets are witnessing a remarkable boom as companies have successfully sold a record-breaking $150 billion worth of debt since the beginning of this month, marking the most active start to the year in over 30 years. Data from the London Stock Exchange Group reveals that investment-grade groups […]
In a decisive move to fortify its economic resilience and reassure international investors, Kenya has finalized a landmark agreement aimed...
A significant trade dispute is brewing between two of the world's largest democracies, India and the United States, as New...
In a strategic move to alleviate its burgeoning debt burden and unlock crucial development financing, Egypt has successfully secured over...
As Kenyans prepare for fresh Saba Saba Day protests on Monday, the government has sounded a strong alarm regarding potential...
