The Revitus Property Opportunities Real Investments Trust (Revitus REIT) has made history as the second Real Estate Investment Trust (REIT) to be officially listed on the Zimbabwe Stock Exchange (ZSE). Following in the footsteps of Tigere, which secured the first listing last year, Revitus REIT’s official listing took place yesterday, marking a significant milestone in […]
In a strategic move to bolster its renewable energy ambitions, billionaire Gautam Adani and his family have announced a substantial $1 billion investment in Adani Green Energy Ltd., according to sources familiar with the matter. The conglomerate, facing upcoming bond maturities in the coming year, is swiftly taking steps to meet its ambitious green targets. […]
In a move aimed at streamlining its operations in the Africa and Middle East (AME) region, Standard Chartered Bank has finalized the sale of its consumer banking business in Côte d’Ivoire to Coris Bank International Côte D’Ivoire. This divestment marks the conclusion of a series of strategic transactions initiated in April 2022, aligning with the […]
In a strategic move to remain competitive and attract new investment flows, unit trusts have raised their annual returns to align with the heightened rates offered on government treasuries and bank fixed deposits. An analysis of annual rates on shilling-denominated money market funds reveals returns ranging from 11.6 percent to 15.96 percent as of December […]
In a surge of optimism, Japan’s Nikkei index reached its highest point in a month on Wednesday, climbing 1.75% to 33,799.41 during the mid-day session. This notable upswing, marking its peak since November 20, was fueled by diminishing caution surrounding the Bank of Japan’s (BOJ) policy stance. Market analysts pointed to the absence of any […]
In a recent panel session at the Doha Forum, the President of the African Development Bank (ADB) Group, Dr. Akinwumi Adesina, reiterated concerns over the potential adverse effects of the European Union’s (EU) carbon border tax on Africa’s industrialization efforts. The EU’s move, part of its comprehensive climate change reduction measures, has raised alarms about […]
On Friday, European bonds experienced a significant rally, driving yields to their lowest point in nine months. Investors, seemingly unswayed by the European Central Bank’s (ECB) assurances that interest rate cuts were not on the horizon, instead focused on worrisome signs of a slowing economy. The yields on 10-year German Bunds, considered the benchmark for […]
In a groundbreaking initiative, the Central Bank of Egypt is in discussions with the International Monetary Fund (IMF) and the World Bank to consider the issuance of a digital pound. This move is geared towards modernizing financial transactions, enabling Egyptians to utilize their mobile phones for payments, and concurrently diminishing the reliance on physical banknotes. […]
In a strategic move set to take effect on January 29th, 2024, Google is implementing a revamped policy that allows certified advertisers to showcase their financial products. This pivotal shift in approach signals a departure from Google’s previous stringent stance on cryptocurrency advertising, where most crypto products and unregulated decentralized applications (dApps) were prohibited. Over […]
In a landmark move towards sustainable finance, the Central Bank of Kenya (CBK) has entered into a strategic partnership with the European Investment Bank (EIB). The joint initiative aims to cultivate best practices in climate finance within the local commercial banking sector, marking a significant step towards achieving a net-zero economy in Kenya. One of […]
Kenya's electricity sector has reached a critical juncture as the nation recorded unprecedented peak demand of 2,411.98 megawatts (MW) and...
The Federal Reserve announced a quarter-point reduction to its benchmark interest rate on Wednesday, bringing the federal funds rate to...
The United Arab Emirates has solidified its position as one of Africa's most strategic economic partners, ranking fourth globally in...
Emirates Airlines is strategically positioning Kenya as its primary gateway to East and Central Africa, capitalizing on the recently implemented...
