In a recently unveiled report by the World Economic Forum (WEF), it has been revealed that Sub-Saharan Africa is emerging as a frontrunner in renewable energy adoption and investment, showcasing the region’s substantial potential for a sustainable future. The report, which scrutinized the Energy Transition Index (ETI) of 120 nations spanning from 2014 to 2023, […]
In a significant development, global payments giant PayPal finds itself under the watchful eye of the United States Securities and Exchange Commission (SEC), as the regulatory body issues a subpoena regarding PayPal USD (PYUSD), the company’s U.S. dollar-pegged stablecoin. This move marks the latest example of the growing regulatory scrutiny that stablecoins are facing in […]
In a major environmental commitment, the world’s largest global climate fund has pledged $39.1 million to support Rwanda in its fight against climate change by revitalizing the country’s last remaining montane forests. The $12.8 billion Green Climate Fund, headquartered in South Korea, has initiated this substantial investment with the aim of enhancing the climate resilience […]
European sustainable funds, often referred to as ESG funds, are witnessing a substantial exodus of investors, driven by apprehensions surrounding economic instability and shifting regulatory paradigms. This shift in sentiment became particularly pronounced during the third quarter of 2023, with a staggering €20.5 billion ($21.7 billion) being pulled from funds residing within the European Union’s […]
The Nairobi Securities Exchange (NSE) witnessed a historic surge in the prices of gold exchange-traded funds (ETFs), with the Absa New Gold ETF unit price reaching an all-time high of Sh2,840. This remarkable escalation is attributed to the emergence of new geopolitical tensions on the global stage. In a remarkable climb, the Absa New Gold […]
Despite the prevailing downturn in equities, stocks with valuations below Sh4 billion on the Nairobi Securities Exchange (NSE) have emerged as the leaders in generating returns for investors in 2023. Out of the 24 firms that have seen their stock values rise since the beginning of the year, 15 are smaller companies, with notable mentions […]
The Zimbabwe Stock Exchange (ZSE) has announced impressive results for the third quarter of 2023, with market turnover hitting $171 billion. This marks a remarkable 27 percent increase from the preceding quarter, signifying a robust performance within the Zimbabwean financial sector. Comparing Q3 2023 to the same period last year (Q3 2022), the ZSE experienced […]
In recent weeks, gold prices have witnessed a significant rally, with the ongoing Hamas-Israel conflict playing a crucial role in highlighting gold’s status as a safe-haven asset and its intriguing divergence from the typical relationship with US Treasuries. As investors seek refuge amid geopolitical and market uncertainty, the precious metal’s value has soared by as […]
A notable financial trend is rapidly taking root in Kenya, with new research revealing that over 50 percent of the population now turns to debt to cover their daily financial needs. The study, conducted by Consumer Insight, highlights that an increasing number of Kenyans are relying on digital lenders, marking a significant shift in financial […]
Sony Group has unveiled its latest endeavor, the Sony Innovation Fund: Africa (SIF: AF), aimed at fostering the growth of entertainment businesses across the African continent. As part of this strategic initiative, the multinational conglomerate, headquartered in Tokyo, has allocated a substantial $10 million through Sony Ventures Corporation (SVC) to support early-stage startups operating in […]
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...
