Spiro, an Indian electric vehicle company, has joined forces with Afreximbank, securing a $50 million debt financing agreement aimed at expanding its market presence in Africa. This collaboration marks a strategic move for Spiro as it seeks to consolidate its position in six African nations while venturing into new territories. The company’s focus on electric […]
Beyout Investment Group (BIG) Holding, a key player in Kuwait’s human resources and real estate sectors, has set the price range for its upcoming initial public offering (IPO) between 480 and 500 Kuwaiti fils per share. This IPO aims to raise up to 45 million Kuwaiti dinars ($146.53 million) and will mark the first new […]
French energy leader TotalEnergies has announced a significant milestone in its operations, sealing a vital supply agreement with Nigeria’s renowned Dangote Refinery. The deal, disclosed by TotalEnergies CEO Patrick Pouyanne at the Africa CEO Forum in Kigali, Rwanda, marks a pivotal moment for both entities. At the heart of this agreement lies Dangote Refinery’s ambitious […]
A significant moment in African climate investment occurred as NMB Bank’s sustainability bond, the NMB Jamii Bond, was cross-listed on the London Stock Exchange. This event signifies a crucial step forward in attracting global capital for climate finance and development in Africa. Originally issued as the largest sustainability bond in East Africa, the NMB Jamii […]
Mahindra & Mahindra, a key player in the Indian automotive sector, has unveiled plans to inject 120 billion rupees ($1.44 billion) into its electric vehicles (EV) unit. This significant move comes following a successful fourth quarter, fueled by robust sales of its SUV lineup. The company disclosed its intention to transfer assets valued at 7.96 […]
Kenya’s President William Ruto is slated to make history with an upcoming state visit to the United States, marking a significant milestone in bilateral relations. Invited by U.S. President Joe Biden, this honor places Kenya in the spotlight as a key partner on the global stage. U.S. Ambassador to Kenya, Meg Whitman, hailed the invitation […]
In a strategic move aimed at enhancing its presence in Africa, Qatar Airways has disclosed plans to invest in a prominent airline operating in the southern region of the continent. CEO Badr Mohammed Al Meer shared this development during a panel discussion at the Qatar Economic Forum in Doha on Wednesday. Al Meer emphasized the […]
The Annual Investment Congress (AIM Congress 2024) in Abu Dhabi from May 7-9 brought together over 12,427 participants from 179 countries, including more than 100 ministers, mayors, and central bank governors. This year’s congress focused on the significant potential and global economic implications of BRICS expansion. TV BRICS, the event’s media partner, highlighted key discussions […]
During her visit to Nairobi, U.S. Secretary of Commerce Gina Raimondo underscored Kenya’s pivotal role in Africa’s digital landscape. Alongside the President’s Advisory Council on Doing Business in Africa, Raimondo unveiled strategic collaborations and commercial agreements aimed at harnessing Kenya’s digital prowess. Highlighting Kenya’s status as a digital hub, Raimondo applauded President William Ruto’s efforts […]
Kenya is gearing up for President William Ruto’s forthcoming state visit to the United States with an ambitious goal: securing investment deals totaling Sh32.56 trillion ($250 billion). Investment, Trade, and Ministry Cabinet Secretary, Rebecca Miano, unveiled the strategic plan, emphasizing the importance of this opportunity to bolster economic ties and attract foreign investments. During the […]
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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...
