Recent unrest in Kenya, triggered by protests and political instability, has prompted several global firms to reassess their investment plans in the country. Despite President Ruto’s announcement to withdraw the Finance Bill 2024, concerns persist among foreign investors regarding ongoing uncertainties. The decision by some firms to delay further investments is influenced by various factors, […]
At the Breakthrough Energy Summit today, EU-Catalyst announced a significant €75 million investment aimed at advancing cutting-edge climate technologies through Rondo Energy’s innovative industrial decarbonization projects. This funding, supported by Breakthrough Energy Catalyst, the European Investment Bank (EIB), and the European Commission, marks a pivotal step towards enhancing sustainability across Europe. Mario Fernandez, Head of […]
The African Development Bank (AfDB) has embarked on a strategic mission in Tokyo to collaborate with leading Japanese firms in enhancing economic development across Africa. This initiative focuses on bolstering value addition to raw materials and increasing productivity across key sectors on the continent. Led by Vice Presidents Kevin Kariuki, Solomon Quaynor, and Kevin Urama, […]
Kenya is preparing to launch its own rendition of the “Year of Return” initiative, following Ghana’s successful implementation in 2019. Spearheaded by President William Ruto, this initiative aims to attract members of the African diaspora worldwide to reconnect with their ancestral homeland and contribute to Kenya’s economic growth. The Year of Return initiative, originally championed […]
Saudi Aramco has signed contracts worth over $25 billion to advance the Jafurah gas field and expand its main gas network. This significant move aims to enhance Saudi Arabia’s standing as a leader in unconventional gas production. The contracts encompass the second phase of the Jafurah field’s development and the third phase of the main […]
At the Africa Rail 2024 Conference held at the Sandton Convention Centre, Hishaam Emeran, President of the Southern African Railways Association (SARA), emphasized the transformative potential of rail infrastructure in driving Africa’s economic growth. Addressing delegates, Emeran, who also serves as CEO of the Passenger Rail Agency of South Africa (PRASA), highlighted the urgent need […]
Ernst & Young LLP (EY Kenya), a leading provider of professional services based in Kenya, faces a significant setback as the World Bank Group (WBG) announces its 30-month debarment. This action follows investigations into EY Kenya’s involvement in key projects aimed at enhancing economic institutions and financial management in Somalia. EY Kenya, renowned for its […]
Jain Global, a hedge fund established by former Credit Suisse manager Bobby Jain, has raised $5.3 billion in preparation for its July launch. Among the notable investors is the Abu Dhabi Investment Authority (ADIA), one of the world’s largest sovereign wealth funds. Strategic Backing from Major Institutions In addition to ADIA, Jain Global has secured […]
The African Energy Chamber (AEC) recently hosted the Invest in African Energies roadshow in Lagos, attracting over 250 Nigerian entrepreneurs and investors keen on exploring opportunities across Africa’s energy sectors. This event served as a precursor to the upcoming African Energy Week: Invest in African Energy 2024 conference in Cape Town, scheduled for November. Nigeria, […]
In a significant stride towards enhancing digital infrastructure in Africa, Dr. Thani Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, has lauded the recent partnership between G42 and Microsoft in Kenya. Describing it as “just the beginning,” Dr. Al Zeyoudi emphasized the collaboration’s potential to drive technological innovation and economic growth in the […]
The yield on the US 10-year Treasury note climbed to around 4.24% on Thursday, touching five-week highs as oil prices...
For borrowers sitting on the sidelines of the housing market, today's mortgage rate landscape offers a mixed and heavily geopolitics-influenced...
Small business owners across America are facing a mounting health care affordability crisis, and the nation's leading small business advocacy...
Wall Street opened Wednesday in a state of cautious suspension — caught between a reassuring inflation print, an oil market...
