Del Monte Kenya, a cornerstone of Kenya’s agricultural sector since 1965, plays a pivotal role in both economic growth and community development. Specializing in pineapple processing, the company has become a leading global exporter, contributing significantly to Kenya’s GDP and foreign exchange reserves. In 2023, Del Monte Kenya exported 75,000 metric tonnes of pineapple products […]
Paramount Global (NASDAQ: PARA) has finalized a monumental merger agreement with Skydance Media, marking a significant development in the entertainment industry. The merger, valued at over $8 billion, received unanimous approval from Paramount’s board after months of speculation and negotiation. As part of the deal, Paramount’s class A shareholders will receive either $23 per share […]
Zedcrest, a prominent player in Nigeria’s debt and equity capital markets, has completed the acquisition of RMB Nigeria Stockbrokers in a transaction valued between ₦400 million and ₦420 million. This strategic move marks a significant expansion for Zedcrest within Nigeria’s burgeoning equity market. The acquisition comes amidst robust growth in Nigeria’s equity market, which recorded […]
Homa Bay County is gearing up for a transformative economic endeavor with the imminent development of the Riwa Special Economic Zone in Rachuonyo North Sub County. Governor Gladys Wanga unveiled the county’s meticulous master plan, which is nearing implementation following a crucial topographical survey. Spanning 532 acres, the industrial park is set to emerge as […]
In a significant move towards sustainable energy, the Abu Dhabi National Oil Company (ADNOC) and the Japan Bank for International Cooperation (JBIC) have signed a $3 billion green financing agreement. This deal, worth approximately 11 billion UAE dirhams, aims to support ADNOC’s decarbonization and energy transition initiatives. Strategic Green Financing Partnership The agreement, which follows […]
The African Development Bank (AfDB) and the Korea Customs Service (KCS) have solidified their commitment to boosting intra-African trade through a newly signed Aide Memoire on Facilitation of Customs Reforms and Modernisation. This collaboration, marked by a virtual signing ceremony attended by Mr. Solomon Quaynor, Vice President of AfDB for Private Sector, Infrastructure & Industrialisation, […]
Kenya’s tech startup landscape is set to undergo a significant transformation with the launch of the Chanzo OneSpace Startup and Scaleup Accelerator (COSSA). Spearheaded by Two Rivers International Finance and Innovation Centre Special Economic Zone (TRIFIC SEZ), ONESPACE, and Chanzo Capital, this initiative aims to propel local tech ventures into new African markets. COSSA offers […]
The outlook for Hong Kong’s initial public offering (IPO) market is promising, according to global consulting firm EY, signaling a turnaround after recent challenges. George Chan, EY’s global IPO leader, anticipates a significant recovery over the next five years, driven by improving market conditions and potential interest rate cuts. In an interview with CNBC, Chan […]
Huawei, a global leader in technology, has reaffirmed its commitment to Africa’s digital future, highlighting the continent’s immense potential for economic growth through innovation. This commitment was articulated by David Wang, executive director and chairman of Huawei’s ICT infrastructure managing board, at the Huawei Africa Connect event in Johannesburg, South Africa. During his keynote address, […]
Today marks a significant milestone in EU-Kenya relations as the Economic Partnership Agreement (EPA) between the European Union and Kenya officially enters into force. Signed in December 2023, this agreement aims to strengthen bilateral trade, boost investment, and foster sustainable economic development. Kenya, recognized as East Africa’s economic hub, stands to benefit greatly from enhanced […]
The Government of Germany, in partnership with the Government of Kenya and the United Nations High Commissioner for Refugees (UNHCR),...
The United Arab Emirates is positioning itself for another year of impressive economic expansion, with government projections indicating that the...
The Republic of South Africa has officially acceded to the Establishment Agreement of the African Export-Import Bank (Afreximbank), marking a...
The Nairobi Securities Exchange has entered uncharted territory as Safaricom's newly launched Ziidi Trader platform triggers unprecedented retail participation, fundamentally...
