Kenya is poised to make history in Africa’s financial landscape by issuing the continent’s inaugural Sustainability-Linked Bond (SLB), with the backing of the World Bank. This groundbreaking $500 million bond is designed to integrate financial objectives with environmental and social responsibilities, marking a significant shift in sustainable financing strategies. Isfandyar Zaman Khan, the lead financial […]
In a strategic move indicative of its ambitious expansion plans, Abu Dhabi National Insurance Co. (ADNIC) has successfully acquired a controlling stake of 51% in Allianz Saudi Fransi Cooperative Insurance Co., a prominent insurer listed in Saudi Arabia. The transaction, valued at a significant $133.1 million (499 million riyals), marks a substantial milestone for both […]
Trustco Group Holdings, a prominent Namibian investment firm, has solidified a strategic partnership with Riskowitz Value Fund (RVF), a United States-based entity, securing a substantial investment totaling $100 million. Under the six-month agreement, Trustco aims to leverage RVF’s extensive market expertise to explore lucrative investment opportunities both within Namibia and internationally. Quinton Zandré van Rooyen, […]
The Kenyan poultry industry is facing a critical juncture as stakeholders, especially small-scale farmers, voice their opposition to an upcoming trade agreement between Kenya and the United States. This deal, if ratified, would allow the importation of finished poultry products from the US, posing a significant threat to local producers. Lydia Wanjiku, a committed poultry […]
Saudi Ground Services Company has announced a contract renewal with flynas, solidifying their partnership in aviation services. The agreement, disclosed via a bourse filing on April 13, 2024, extends Saudi Ground Services’ provision of ground handling services to flynas for domestic and international flights across the Kingdom’s airports. Valued at approximately $533 million (SAR 2 […]
During the LEAP 2024 event held in Riyadh, AfriLabs and the Ministry of Investment of Saudi Arabia (MISA) solidified a significant partnership through the signing of a Memorandum of Understanding (MOU). This collaboration aims to foster innovation and investment cooperation between Africa and Saudi Arabia’s tech and innovation sectors. Established in 2011, AfriLabs has been […]
Malindi, a coastal gem in Kenya, is at the forefront of hosting a significant gathering of over 400 Kenyan investors from the Diaspora. Their mission? To spearhead the development of Africa’s first green city in the serene landscapes of Magarini sub county, Kilifi county. Under the stewardship of Prof Lucas Njenga, CEO of Proximity Point […]
Sanad, a prominent aerospace engineering and leasing solutions provider owned by Mubadala Investment Company PJSC, has announced a significant contract extension with Asiana Airlines, the second-largest airline in South Korea. The five-year deal, valued at $145 million, solidifies Sanad’s commitment to providing Maintenance, Repair, and Overhaul (MRO) services for V2500 engines. The agreement, revealed during […]
Uganda has officially entered the Islamic banking sphere with the launch of Salaam Bank in Kampala. Salaam Bank, a subsidiary of the Djibouti-based institution of the same name, commenced operations last month following the Ugandan government’s enactment of legislation facilitating Sharia-compliant financial services. President Yoweri Museveni inaugurated Salaam Bank, marking a significant milestone after years […]
Kenya and the European Union recently cemented their trade relations through the Economic Partnership Agreement (EPA), paving the way for increased European investments in Kenya. As part of this collaboration, the European Commission Directorate-General for Maritime Affairs and Fisheries (DG MARE) is preparing for the second edition of BlueInvest Africa 2024, slated to take place […]
Kenya is embarking on a transformative journey to unlock the vast economic potential of its ocean resources through the development...
The United States is hurtling toward a fiscal reckoning that would have seemed unthinkable just two decades ago. According to...
The African Development Bank Group has approved a landmark €117 million financing package to fundamentally transform Benin's 77 municipalities into...
The Kenyan government has published the Draft Kenya Sovereign Wealth Fund Bill, 2025, a landmark piece of legislation that establishes...
