Innovative Shifts in East African Equities: As East African stock markets navigate the complexities of global trade, executives are deliberating a significant policy shift. The proposal under consideration involves allowing companies to issue debt instruments in hard currency, primarily the US dollar. This move aims to introduce a competitive edge against commercial banks, particularly in […]
Safaricom’s Mali unit trust, managed by Genghis Capital, has reached a notable milestone with its asset base hitting Sh1.4 billion by December 2023. Since its establishment in 2019, Mali has emerged as a significant player in Kenya’s financial landscape, offering a collective investment scheme integrated with Safaricom’s M-Pesa platform. The latest disclosures reveal Mali’s robust […]
In a strategic move to expand its international footprint, First Abu Dhabi Bank (FAB), the UAE’s largest lender, is considering potential acquisitions in Turkey. Sources close to the matter revealed that FAB is currently exploring various targets in Turkey, including Yapi Ve Kredi Bankasi, the seventh-largest lender in the country by assets. Reports from Bloomberg […]
In response to shifting consumer demands and technological advancements, Standard Bank South Africa has strategically expanded its physical footprint across the nation. Despite the pervasive trend towards digital banking solutions, the bank has seen a notable increase in branch numbers, from 619 to 652 in 2023, with a further projected growth of over 5% by […]
NCBA Bank Kenya faced a notable downturn in revenue from its digital platforms, including Fuliza, Mshwari, and Loop, with a substantial 34% drop, amounting to Sh2.59 billion in the financial year ending December 2023. This decline was primarily attributed to reduced charges on the Fuliza overdraft facility. Despite an increase in the volume of transactions […]
UK investors displayed a strong preference for US equities in March, injecting £2.30 billion into equity funds and contributing to a robust start for Q1 2024. According to Calastone’s Fund Flow Index (FFI), this surge propelled total inflows to £6.97 billion since January. North American funds emerged as the top choice, attracting an unprecedented £5.72 […]
BURN Manufacturing, a leader in clean cookstove production, has announced a significant investment exceeding $12 million to advance clean cooking initiatives across Africa. The investment, facilitated by Key Carbon Ltd. and backed by Cartesian, aims to address the challenges posed by traditional cooking fuels in Sub-Saharan Africa. With approximately 950 million people in the region […]
Japanese trading firm Kaiho Industry Co. Limited has initiated operations in Kenya, targeting the wholesale and retail sectors of the automotive spare parts market. The company’s debut auction in Nairobi signals its strategic entry into the region’s burgeoning used automotive spare parts and accessories segment. African Business Consultant for Kaiho, Lucy Koyama, highlighted the company’s […]
Blackstone, a global private equity firm managing $1 trillion in assets, has unveiled its ambitious investment strategy for India, with a commitment of $25 billion over the next five years. This announcement positions India as a key destination for Blackstone’s capital, following the US and UK. Jonathan Gray, Blackstone’s Chief Operating Officer, highlighted India’s attractive […]
Adenia Partners Ltd., a seasoned private equity firm with a keen eye on African opportunities, has sealed its fifth and largest Africa-focused fund to date, raising an impressive $470 million. This substantial investment underscores growing investor confidence in Africa’s potential as a lucrative investment destination. The Adenia Africa Fund, with its diverse investor base including […]
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...
