In a strategic move set to fortify France’s pharmaceutical sector, industry titans Pfizer and AstraZeneca have unveiled plans to collectively invest close to $1 billion in the country. The announcement, made ahead of the annual ‘Choose France’ business summit, signals a significant commitment to fostering growth and innovation within France’s borders. Pfizer’s pledge entails a […]
Kenyan fintech leader SasaPay has announced a strategic partnership with investment solutions provider Etica Capital Ltd, aiming to streamline financial transactions and investment opportunities for customers. This collaboration enables SasaPay users to seamlessly transfer funds from their digital wallets to Etica Capital for investment purposes, while also facilitating hassle-free cash-out options directly into their SasaPay […]
AIM Global Foundation and LB Investment, a Korean-based venture capital firm renowned for its $1 billion in Assets Under Management (AUM), have forged a strategic partnership at the AIM Congress 2024 in Abu Dhabi. The collaborative venture, marked by the signing of a significant Memorandum of Understanding (MOU), signals a new chapter in global investment […]
In a move signaling a strategic shift, BNP Paribas SA has officially closed its corporate and investment banking operations in South Africa. This development marks yet another instance of European banks retreating from the African market. A spokesperson for BNP Paribas confirmed the closure, stating, “We can confirm that we have closed BNP Paribas CIB […]
Sri Lanka’s Browns Investments has made a significant move into the East African tea market with the acquisition of Lipton Teas and Infusions’ estates in Kenya, Rwanda, and Tanzania. The acquisition, pending regulatory approval, underscores Browns Investments’ strategic expansion beyond its Colombo base. In addition to acquiring Lipton’s tea estates, Browns Investments has also taken […]
US private equity powerhouse Sixth Street is venturing into the realm of sports investments with the impending launch of its inaugural sports-focused fund. The move comes as Sixth Street aims to capitalize on the lucrative opportunities presented by the sports market, signaling a strategic shift towards diversification. Reports from Bloomberg indicate that Sixth Street is […]
In a strategic move aimed at enhancing its economic potential, Madagascar has announced plans to establish its inaugural gold refinery plant, with crucial support from the United Arab Emirates (UAE). President Andry Rajoelina shared this development during his address at the 13th edition of the AIM Congress in Abu Dhabi, emphasizing his nation’s commitment to […]
Responding to the pressing climate challenges in northern Kenya, USAID has unveiled a targeted $6 million initiative. Aimed at enhancing climate resilience among small businesses and financial institutions, this program addresses the recurring droughts and floods afflicting the region. Part of a broader $38 million effort, this initiative focuses on bolstering resilience in arid and […]
Vanguard Group, renowned for its commitment to low-cost investing, has announced adjustments to its fee structure effective July 1st. This shift, aimed at encouraging digital transactions, maintains existing fund expense ratios while introducing new fees at the brokerage platform level. In a recent communication to customers, Vanguard outlined the changes, including a $25 transaction fee […]
Nigerian startup Chowdeck, a rising star in the on-demand delivery sector, has successfully closed a $2.5 million seed funding round. The investment, sourced from a diverse group of backers including YCombinator, Goodwater Capital, and FounderX Ventures, signals a significant boost for the company’s ambitious growth plans. Since its launch in October 2021, Chowdeck has rapidly […]
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...
