Kenya commenced 2026 on a note of cautious optimism, successfully raising KSh 60.6 billion through its first bond auction of the year, even as the country continues to navigate prolonged negotiations with the International Monetary Fund that have left critical external financing commitments in limbo. The fully subscribed auction, conducted by the Central Bank of […]
In a strategic move that underscores the escalating competition to build the infrastructure necessary for artificial intelligence’s future, OpenAI and SoftBank have announced a $1 billion investment in SB Energy, a renewable energy and data center development company. This partnership marks a critical step in the companies’ ambitious plan to construct a network of massive […]
As South African households grapple with the financial pressures that typically accompany the start of the year, Shoprite Group has announced a strategic partnership with PayJustNow to offer buy now, pay later (BNPL) payment options across its retail network. The move comes at a critical time when education costs, transport expenses, and routine living costs […]
The Nairobi Securities Exchange has opened 2026 with exceptional momentum, pushing total market capitalization to approximately KSh 3 trillion for the first time in the bourse’s history. This milestone reflects a remarkable transformation in Kenya’s capital markets, following a blockbuster 2025 performance that saw the exchange deliver some of the strongest returns in more than […]
South Korea has announced an ambitious roadmap to transform its financial markets, with plans to introduce round-the-clock foreign exchange trading starting in July 2026 as part of a comprehensive strategy to achieve developed-market classification from Morgan Stanley Capital International. The announcement, made by Vice Finance Minister Lee Hyoung-il during the ministry’s biannual economic policy plan […]
Champion Breweries Plc has officially opened its N42 billion public offer to institutional and retail investors, marking a pivotal moment in the Nigerian brewer’s ambitious expansion strategy. The offering, which opened on January 8 and runs until January 21, 2026, involves the issuance of 2.625 billion ordinary shares of 50 kobo each at N16 per […]
A longstanding commercial dispute has emerged as a potential obstacle to one of East Africa’s largest corporate transactions, as Kenyan beer distributor Bia Tosha has filed an urgent petition with Kenya’s High Court seeking to block British multinational Diageo’s $2.3 billion sale of its majority stake in East African Breweries Limited (EABL) to Japan’s Asahi […]
The Kingdom of Saudi Arabia has taken a landmark step toward financial market liberalization by announcing that all categories of foreign investors will gain direct access to its stock market starting February 1, 2026. The Capital Market Authority’s announcement represents one of the most significant regulatory transformations in the Kingdom’s financial history, effectively dismantling barriers […]
French retail powerhouse Carrefour has entered Ethiopia’s rapidly expanding grocery market through a franchise and supply partnership with Queens Supermarket Plc, a subsidiary of Midroc Investment Group, Ethiopia’s largest and most diversified private conglomerate. The strategic collaboration marks Carrefour’s latest expansion in Africa’s second most populous nation, home to approximately 135 million people, and represents […]
Kenya’s private sector economy concluded 2025 on a decidedly positive note, maintaining solid growth momentum through December despite a marginal deceleration from the previous month’s exceptional performance. The Stanbic Bank Kenya Purchasing Managers’ Index registered 53.7 in December, down from 55.0 in November but comfortably above the critical 50.0 threshold that separates expansion from contraction […]
Global government bond markets are reacting to rising geopolitical tensions and the potential inflationary consequences of the ongoing Middle East...
Investors Move to Cash-Like Assets U.S. money-market funds have surged to a historic milestone as global investors seek safety during...
Bitcoin’s Rise Sparks Broad Crypto Stock Rally Cryptocurrency-related stocks surged at the opening of the U.S. trading session as Bitcoin...
A major residential development on the outskirts of Nairobi is drawing significant public attention as urban professionals search for modern...
