XENO Investment Management Limited, a Ugandan unit trust scheme, has set its sights on the Kenyan market, marking its strategic expansion beyond its home territory. The company, founded in 2017, has recently obtained regulatory approval to commence operations in Kenya. In their 2023 annual report, XENO’s chairman, Aeko Ongodia, expressed confidence in the firm’s future […]
The United Kingdom has pledged £6.6 million (Sh1.1 billion) to support 50 green investment projects in Kenya. These projects will span across 10 counties: Embu, Kirinyaga, Kisumu, Laikipia, Nairobi, Makueni, Nandi, Taita-Taveta, Vihiga, and Wajir. Guided by the County Green Finance Assessment, this funding aims to address environmental challenges while stimulating economic growth and job […]
Investors, both local and global, have injected over $700 million (approximately P40 billion) into the Philippines’ digital banking sector, marking a significant milestone in the industry’s growth trajectory. Since its establishment in 2021, the Digital Bank Association of the Philippines (DiBA PH) has played a pivotal role in attracting substantial investments to the country’s digital […]
TLcom Capital, a prominent Africa-focused venture capital firm, recently closed its TIDE Africa Fund II, securing $154 million in funding. The fund, oversubscribed and supported by a diverse group of investors including the European Investment Bank (EIB), Allianz, DEG Impact’s AfricaGrow, Visa Foundation, and Bertelsmann, underscores growing confidence in Africa’s tech potential. Expanding its mandate […]
President William Ruto lauded Kenya’s Special Economic Zones (SEZs) for attracting a diverse array of investors, signaling robust confidence in the nation’s economic policies. Speaking at the launch of Jumbo Africa Auto Auction SEZ Limited in Naivasha, President Ruto emphasized the company’s significance as the first Japanese car auction enterprise in Africa. Jumbo Africa’s entry […]
Fakeeh Care Group, a prominent private hospital chain in Saudi Arabia, has declared its intention to go public through an Initial Public Offering (IPO). The company, known for its family-owned heritage and strong presence in key cities like Jeddah and Riyadh, plans to offer a 21.47% stake through a combination of new and existing shares. […]
Madica, an African-focused pre-seed investment program, has disclosed its initial investments in three promising African startups: Kola Market, GoBEBA, and NewForm Foods. This news arrives at a time when funding for African startups experienced a decline, dropping from $6.5 billion in 2022 to $3.5 billion in 2023. The selected startups, each granted up to $200,000 […]
Upperhill, Nairobi’s prestigious district, has witnessed a remarkable surge in land values, with an acre now commanding an average price exceeding KSh 480 million. This surge reflects a broader trend observed across Nairobi’s prime suburbs, where land values have seen substantial growth over the past decade. According to recent data from Hass Consult, land values […]
Malaysia has unveiled the ‘Golden Pass’ scheme, a strategic initiative aimed at positioning the country as a prime destination for unicorn start-ups and venture capitalists (VCs). Spearheaded by Malaysian Economy Minister Rafizi Ramli, the scheme is part of a broader effort to stimulate the growth of high-skilled, high-value job opportunities in Southeast Asia’s business hub. […]
Africa Tech Summit (ATS) London is gearing up for its eighth edition, poised to unite key players in the tech industry at the prestigious London Stock Exchange on June 7th. This summit, renowned for fostering business and investment opportunities across Africa, serves as a pivotal platform for collaboration and growth. Central to the ATS London […]
The Government of Germany, in partnership with the Government of Kenya and the United Nations High Commissioner for Refugees (UNHCR),...
The United Arab Emirates is positioning itself for another year of impressive economic expansion, with government projections indicating that the...
The Republic of South Africa has officially acceded to the Establishment Agreement of the African Export-Import Bank (Afreximbank), marking a...
The Nairobi Securities Exchange has entered uncharted territory as Safaricom's newly launched Ziidi Trader platform triggers unprecedented retail participation, fundamentally...
