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 […]
San Francisco-based Bright Machines, an innovator in AI-driven manufacturing automation, has announced the successful completion of its Series C funding round, raising $106 million. This round saw participation from notable investors including Nvidia, Microsoft, Eclipse Ventures, Jabil, and BlackRock. In addition, the company secured $20 million in debt financing from J.P. Morgan. Bright Machines specializes […]
Saraya Japanese Middle East for Industrial Investment has inaugurated a $12 million factory in the Sokhna Integrated Zone within the Suez Canal Economic Zone (SCZone). The inauguration ceremony, held at the Orascom Industrial Development site, was attended by SCZone Chairperson Waleid Gamal El-Din, Japanese Ambassador to Cairo Oka Hiroshi, and Saraya Chairperson Yusuke Saraya. New […]
Sanlam Kenya Plc, a subsidiary of South Africa’s Sanlam Ltd, has disclosed plans to wind down its property, bottled mineral water, and asset management subsidiaries in Kenya. This decision follows persistent financial losses and a prolonged period without dividends for shareholders. In 2023, Sanlam Kenya reported a net loss of Ksh127 million ($992,187), marking the […]
Alcazar Energy Partners has announced a landmark investment of $500 million in North Macedonia’s renewable energy sector, marking a significant step towards the country’s transition away from coal-fired power generation. The project, named Shtip and situated 75 kilometers south of Skopje, is set to become the largest wind farm in North Macedonia. Construction of the […]
In a significant development, French businesses are set to amplify their investment in Egypt, with current financial commitments amounting to $7.2 billion across multiple sectors. This was the focal point of a recent meeting between Egyptian Prime Minister Mostafa Madbouly and leaders from the French Chamber of Commerce and Industry, alongside representatives from key French […]
Kenya Airways (KQ) has opted out of selling shares to a strategic investor as part of its recovery plan. The national carrier, predominantly owned by the Kenyan government with a 48.9 percent stake, aims to rejuvenate its operations through an infusion of fresh capital and technical expertise, without diluting existing shareholdings. Allan Kilavuka, CEO of […]
In the latest report from HODL15 Capital, BlackRock and Grayscale emerge as the top holders of Bitcoin globally. BlackRock leads with 305,614 BTC, followed closely by Grayscale with 277,067 BTC. These figures highlight their significant positions in the institutional Bitcoin investment landscape. MicroStrategy follows with 226,331 BTC, demonstrating continued confidence in cryptocurrency as a strategic […]
Nigeria's Federal Government has taken a decisive step toward rerouting the country's energy future through one of its most abundant...
In two trading days, the Nation Media Group (NMG) share price did something it had not managed in years: it...
Honda Motor Co. has taken one of the most dramatic U-turns in recent automotive history, announcing on March 12, 2026,...
In a continent where 600 million people still lack reliable electricity and where clean energy investment falls chronically short of...
