Volkswagen Group Africa (VWA) has confirmed a substantial R6 billion investment in its Kariega assembly plant, signaling a firm commitment to its African strategy. Despite past speculation, this move underscores VWA’s determination to strengthen its presence in the region. The investment will facilitate the assembly of a new compact sports utility vehicle (SUV) alongside existing […]
The latest Hass Land Price Index report unveils a compelling trend: land values in Nairobi’s satellite towns have skyrocketed over the past decade, presenting investors with lucrative opportunities for growth. Since December 2007, land values in satellite towns surrounding Nairobi have increased by an impressive 11.79-fold, significantly outperforming the growth observed in the city’s central […]
In the wake of recent extreme weather events, including unprecedented flooding, UAE insurers are gearing up for an influx of claims. The country experienced its heaviest rainfall in over 75 years, causing widespread disruption and damage. A report by AM Best, a leading credit rating agency specializing in insurance, highlights the potential impact on insurers. […]
In a landmark move poised to reshape Africa’s retail landscape, Nigerian retail-tech trailblazer OmniRetail has commenced its Series A fundraising drive with a significant injection from Goodwell Investments, a renowned impact investor championing transformative ventures across emerging markets. Since its inception in 2019, OmniRetail has carved a niche as a B2B enablement powerhouse, spearheading the […]
Kenya is poised to make history in Africa’s financial landscape by issuing the continent’s inaugural Sustainability-Linked Bond (SLB), with the backing of the World Bank. This groundbreaking $500 million bond is designed to integrate financial objectives with environmental and social responsibilities, marking a significant shift in sustainable financing strategies. Isfandyar Zaman Khan, the lead financial […]
In a strategic move indicative of its ambitious expansion plans, Abu Dhabi National Insurance Co. (ADNIC) has successfully acquired a controlling stake of 51% in Allianz Saudi Fransi Cooperative Insurance Co., a prominent insurer listed in Saudi Arabia. The transaction, valued at a significant $133.1 million (499 million riyals), marks a substantial milestone for both […]
Trustco Group Holdings, a prominent Namibian investment firm, has solidified a strategic partnership with Riskowitz Value Fund (RVF), a United States-based entity, securing a substantial investment totaling $100 million. Under the six-month agreement, Trustco aims to leverage RVF’s extensive market expertise to explore lucrative investment opportunities both within Namibia and internationally. Quinton Zandré van Rooyen, […]
The Kenyan poultry industry is facing a critical juncture as stakeholders, especially small-scale farmers, voice their opposition to an upcoming trade agreement between Kenya and the United States. This deal, if ratified, would allow the importation of finished poultry products from the US, posing a significant threat to local producers. Lydia Wanjiku, a committed poultry […]
Saudi Ground Services Company has announced a contract renewal with flynas, solidifying their partnership in aviation services. The agreement, disclosed via a bourse filing on April 13, 2024, extends Saudi Ground Services’ provision of ground handling services to flynas for domestic and international flights across the Kingdom’s airports. Valued at approximately $533 million (SAR 2 […]
During the LEAP 2024 event held in Riyadh, AfriLabs and the Ministry of Investment of Saudi Arabia (MISA) solidified a significant partnership through the signing of a Memorandum of Understanding (MOU). This collaboration aims to foster innovation and investment cooperation between Africa and Saudi Arabia’s tech and innovation sectors. Established in 2011, AfriLabs has been […]
When the United States and Israel launched coordinated strikes on Iran on February 28, 2026, the immediate global conversation centred...
The United States has dramatically escalated its global trade offensive, launching a sweeping set of Section 301 investigations into 60...
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...
