In a notable move, the Kenyan government has taken decisive action by suspending all activities linked to the cryptocurrency endeavor known as Worldcoin within its national borders. This suspension arises in direct response to a significant data breach and the escalating worries regarding individual privacy. Interior Cabinet Secretary Kithure Kindiki has voiced the government’s profound […]
The Multilateral Investment Guarantee Agency (MIGA), which is part of the World Bank Group, has given a helping hand to BTE Renewables, an African renewable energy company. MIGA has offered a 15-year safety net of $18.9 million (equal to €17.2 million) to safeguard BTE Renewables’ investments in a 75-MW solar power plant located in South […]
FSD Africa Investments, in collaboration with InfraCredit, has infused £10 million into an innovative risk-sharing backstop facility, marking a pioneering step towards unleashing local currency support for sustainable infrastructure growth in Nigeria. The inception of the Risk Sharing Backstop Facility (RSBF) is a strategic response to the prevailing challenge of limited credit enhancement. This initiative […]
Fitch Ratings has chosen to decrease the credit rating of the United States, moving it from triple A to double A plus. This decision is based on concerns about a worsening fiscal situation and governance challenges. This alteration in the rating occurs just two months following a period of political brinkmanship that brought the world’s […]
In a strategic move, the Central Bank of Kenya (CBK) has unveiled plans to generate KSh 40 billion through its forthcoming Treasury Bonds (T-Bonds) tap sale scheduled for August. The CBK, cognizant of the financial landscape, intends to reinforce its financial reserves for crucial budgetary requirements. The importance of this initiative is underscored by its […]
London-based asset manager Gresham House has been acquired by private equity firm Searchlight Capital in a cash transaction totaling nearly £470 million. Gresham House, which currently oversees £8 billion in investor funds, focuses on investing in alternative assets such as battery storage, forestry, energy from waste, and vertical farming. Shareholders of Gresham House will receive […]
July 18, 2023 The distress in the US commercial real estate sector continues to deepen, with Starwood, a prominent player in the industry, defaulting on its maturing mortgage on June 9. Starwood, a private asset management firm with over three decades of experience, primarily operates in the real estate sector and manages a portfolio of […]
July 28, 2023 Worldcoin is a cryptocurrency that aims to create a global digital currency accessible to everyone around the world. It was founded in 2021 by Sam Altman, the former president of Y Combinator, with the goal of creating a more inclusive and equitable financial system. “The goal is simple: A global financial and […]
July 26, 2023 The Securities and Exchange Board of India (SEBI) has taken significant steps to bolster green financing and enhance transparency in Environmental, Social, and Governance (ESG) investments. These new measures aim to mitigate the risk of greenwashing and create a more conducive environment for sustainable investments. Under the recently released rules for ESG […]
July 24,2023 Bunq, a Dutch startup offering a range of innovative financial services to consumers, has recently secured a substantial funding of €100 million ($111 million). The company, known for its emphasis on serving digital nomads and individuals with international financial needs, has experienced significant growth during the pandemic and aims to expand its services […]
A historic moment in East African energy cooperation unfolded this week as Ethiopia commenced its first-ever electricity exports to Tanzania,...
The United States Senate is currently embroiled in a high-stakes, marathon voting session on a sweeping budget bill, colloquially dubbed...
In a landmark moment for Burundi's energy future, President Evariste Ndayishimiye this week inaugurated the Jiji hydroelectric plant, a crucial...
The financial landscape in Kenya has seen a notable development with the Central Bank of Kenya (CBK) announcing the cancellation...
