ABC Bank has recently announced its collaboration with the European Investment Bank (EIB) through the Greening Financial Systems Technical Assistance Programme (GFS TAP). This initiative aims to fortify the bank’s climate risk management framework, aligning it with global standards, including those set by the Central Bank of Kenya. Under the guidance of experts from EIB […]
Investments in liquefied natural gas (LNG) are forecast to rise by over 50% by 2029, according to a recent Goldman Sachs Research report. This surge is anticipated to significantly boost global LNG supply, potentially increasing it by 80% by 2030 and helping to address the European energy crisis. The report highlights new projects in Qatar […]
Absa Group, a leading financial services provider in Africa, has inaugurated its subsidiary office in Beijing, China, as part of its global expansion strategy. The move aims to forge stronger ties between Chinese corporations and African markets. CEO of Absa China, Klaus-Dieter Kaempfer, outlined the bank’s objective to nurture relationships with key stakeholders, including state-owned […]
In a landmark development, Kenya has secured a significant investment totaling $3.6 billion for the ambitious Usahihi Expressway project. The announcement follows President William Ruto’s recent visit to the White House, where plans for the transformative infrastructure initiative were unveiled. The Usahihi Expressway, spanning an impressive 440 kilometers, will connect Nairobi and Mombasa, Kenya’s largest […]
President Javier Milei of Argentina has embarked on a significant tour of Silicon Valley this week, engaging with leaders of some of the world’s most influential tech companies. This marks his seventh international trip since assuming office late last year, reflecting his administration’s focus on attracting foreign investment to strengthen Argentina’s tech sector. On Monday, […]
The European Investment Bank’s (EIB) global arm has injected €25 million into Amethis Fund III, aimed at fostering sustainable growth in African businesses. Targeting medium-sized enterprises, the fund focuses on sectors vital to low- and middle-income populations, including healthcare, logistics, manufacturing, and agribusiness. Aligned with the EU’s Global Gateway strategy, the investment seeks to address […]
President William Ruto has announced Kenya’s pledge to inject $100 million (equivalent to KSh 13.2 billion) into key African financial institutions over the next three years. This commitment aims to bolster Kenya’s stake in the African Development Bank (AfDB), Afrexim Bank, and the Trade and Development Bank (TDB), signaling the nation’s dedication to regional development. […]
The Investment Corporation of Dubai (ICD), the main investment arm of the Government of Dubai, reported a record net profit of 60.8 billion UAE dirhams ($16.55 billion) for the fiscal year ending December 31, 2023. This represents nearly double the AED 36.1 billion profit recorded in 2022, highlighting the robust growth of Dubai’s investment portfolio. […]
At the Annual General Meeting (AGM) of the African Development Bank (AfDB) in Nairobi, experts convened to discuss the pressing need for increased private sector involvement in financing tertiary education across Africa. Collaborating with the Kenyan government, the African Union Commission, and the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, the dialogue emphasized the importance […]
China’s economic involvement in Africa is witnessing a notable resurgence, particularly in the realm of mineral investments. Last year, Chinese investment in African minerals surged by 114%, reflecting a strategic focus on resources crucial for global energy needs and China’s domestic economic priorities. This surge in investment includes significant acquisitions, such as China’s MMG Ltd’s […]
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