OneClickDrive, a leading car rental marketplace based in Dubai, has announced its expansion into Morocco, marking its first entry into the African market. This strategic move aims to tap into the growing demand for car rentals in the region, particularly among tourists drawn to Morocco’s rich cultural heritage and scenic landscapes. Since its inception, OneClickDrive […]
Mizuho Financial Group, a Tokyo-based banking and financial services company, has joined forces with the London Stock Exchange Group (LSEG) in a strategic partnership aimed at bolstering the carbon credit market. This collaboration comes in the wake of LSEG’s introduction of the Voluntary Carbon Market (VCM) designation in 2022, which identifies funds and companies investing […]
The Special Economic Zones Authority (SEZ Authority) recently hosted its first-ever site visit for potential investors, highlighting the promising investment opportunities within the Naivasha Special Economic Zone (SEZ). The visit provided a comprehensive overview of the zone’s strategic location and attractive incentives for businesses. Among the key highlights of the tour was a visit to […]
ABC Bank has recently announced its collaboration with the European Investment Bank (EIB) through the Greening Financial Systems Technical Assistance Programme (GFS TAP). This initiative aims to fortify the bank’s climate risk management framework, aligning it with global standards, including those set by the Central Bank of Kenya. Under the guidance of experts from EIB […]
Investments in liquefied natural gas (LNG) are forecast to rise by over 50% by 2029, according to a recent Goldman Sachs Research report. This surge is anticipated to significantly boost global LNG supply, potentially increasing it by 80% by 2030 and helping to address the European energy crisis. The report highlights new projects in Qatar […]
Absa Group, a leading financial services provider in Africa, has inaugurated its subsidiary office in Beijing, China, as part of its global expansion strategy. The move aims to forge stronger ties between Chinese corporations and African markets. CEO of Absa China, Klaus-Dieter Kaempfer, outlined the bank’s objective to nurture relationships with key stakeholders, including state-owned […]
In a landmark development, Kenya has secured a significant investment totaling $3.6 billion for the ambitious Usahihi Expressway project. The announcement follows President William Ruto’s recent visit to the White House, where plans for the transformative infrastructure initiative were unveiled. The Usahihi Expressway, spanning an impressive 440 kilometers, will connect Nairobi and Mombasa, Kenya’s largest […]
President Javier Milei of Argentina has embarked on a significant tour of Silicon Valley this week, engaging with leaders of some of the world’s most influential tech companies. This marks his seventh international trip since assuming office late last year, reflecting his administration’s focus on attracting foreign investment to strengthen Argentina’s tech sector. On Monday, […]
The European Investment Bank’s (EIB) global arm has injected €25 million into Amethis Fund III, aimed at fostering sustainable growth in African businesses. Targeting medium-sized enterprises, the fund focuses on sectors vital to low- and middle-income populations, including healthcare, logistics, manufacturing, and agribusiness. Aligned with the EU’s Global Gateway strategy, the investment seeks to address […]
President William Ruto has announced Kenya’s pledge to inject $100 million (equivalent to KSh 13.2 billion) into key African financial institutions over the next three years. This commitment aims to bolster Kenya’s stake in the African Development Bank (AfDB), Afrexim Bank, and the Trade and Development Bank (TDB), signaling the nation’s dedication to regional development. […]
Despite confronting a challenging economic environment marked by slower GDP growth, elevated interest rates, and mounting operational expenses, Kenya's banking...
The United States government shutdown has entered a critical phase as it becomes the second-longest funding lapse in the nation's...
In a landmark move that signals a significant shift in international financial cooperation and the evolving architecture of global finance,...
The Central Bank of Kenya (CBK) has launched a strategic KSh 30 billion voluntary buyback programme for investors holding the...
