In a remarkable turn of events, India’s stock market is on the cusp of surpassing Hong Kong to become one of the world’s largest trading venues, signaling investors’ confidence in the economic outlook of the most populous country globally. As of the end of October, the total market capitalization of companies listed on the National […]
Shelter Afrique, a prominent Pan-African housing finance institution, has unveiled a strategic partnership with the Islamic Development Bank Institute (IsDBI) aimed at pioneering Islamic Housing Finance Products throughout the African continent. This collaboration comes at a time when several African nations are making remarkable strides in advancing their Islamic finance markets, opening up previously untapped […]
In an effort to combat food insecurity and enhance agricultural productivity, a groundbreaking partnership has been formed between the British International Investment (BII) and the Shell Foundation. This collaboration aims to invest $2.6 million in SunCulture, a Kenyan company providing solar-powered irrigation systems to smallholder farmers. With approximately 9,000 smallholder farmers set to benefit, the […]
In a bid to catalyze the growth of early-stage African tech startups, Startupbootcamp AfriTech has unveiled OnAfrica, a specialized investor syndicate. OnAfrica is set to play a pivotal role in the African tech ecosystem by offering selected startups funding ranging from $100,000 to $400,000, coupled with invaluable support in the form of mentorship, guidance, and […]
Kenyan startup Tappi has successfully secured $1.5 million in pre-seed funding, led by notable investors Mercy Corps Ventures and Chui Ventures. This strategic investment positions Tappi to extend its reach to over 100 million small and medium-sized enterprises (SMEs) across Africa, aiming to empower them in the rapidly evolving digital commerce arena. Tappi’s innovative platform […]
In an announcement on Thursday, Uphold CEO Simon McLoughlin revealed plans for the imminent release of Vault, a cutting-edge product set to revolutionize the security and user experience of cryptocurrency self-custody. The beta launch for Vault is scheduled for early 2024, with an initial focus on providing a streamlined self-custody experience for over 10 million […]
In a robust display of market demand, government-issued infrastructure bonds (IFBs) have been trading at a premium in the secondary market at the Nairobi Securities Exchange (NSE). The surge in interest is primarily attributed to retail buyers seeking the allure of high, interest-free rates offered by these bonds. As of the latest trading session, only […]
Bitcoin has reached its highest price in almost 20 months, hitting over $42,000 on Monday, marking an 8.2 percent increase from the previous day. The surge is fueled by growing optimism that the toughest regulatory hurdles for the cryptocurrency industry are behind, and anticipation that US regulators will soon approve stock market cryptocurrency funds. Investors […]
In a bid to alleviate its staggering debt burden, Zimbabwe is strategically employing the proceeds from its platinum exports to settle a $400 million loan extended by the African Export-Import Bank (Afreximbank). This move underscores the nation’s reliance on its mineral wealth to secure lines of credit amid challenges in obtaining loans from international financiers, […]
In a significant move towards fostering a deeper global alliance, the United States has announced a substantial investment of $600 million in private investments and infrastructure development in Africa. This announcement was made by David Greene, the Chargé d’Affaires of the U.S. Embassy in Nigeria, during an interview with the News Agency of Nigeria (NAN) […]
In a significant diplomatic stride, the Republic of Cyprus has officially inaugurated its embassy in Nairobi, marking a pivotal moment...
The Syrian economy, devastated by over a decade of conflict, stands at a critical juncture. On Monday, the World Bank...
The world's youngest nation, South Sudan, is once again at a critical economic crossroads, facing a severe financial crisis that...
In a vibrant display of its growing economic prowess and innovation, Kenyan startups have collectively raised a remarkable Sh17 billion...
