In a significant move that reflects the growing appeal of Saudi Arabia as a financial hub, Bank of New York Mellon (BNY Mellon) has announced that it has secured a licence to establish a regional headquarters in the kingdom. The approval marks a notable milestone as global financial institutions continue to enhance their presence in […]
Dubai International Chamber, a prominent member of Dubai Chambers, has taken a bold step to enhance its economic ties with South Africa by inaugurating a new representative office in Cape Town. This move is part of the chamber’s broader strategic initiative, the ‘Dubai Global’ program, which aims to foster deeper business and economic cooperation between […]
Hewani Energy has unveiled plans to inject USD 250 million (approximately Ksh 33 billion) into the Meru Wind-Solar Energy Project in Kandebene Sub-Location, Tigania West Constituency. Slated for completion within three years, the hybrid facility will generate 220 megawatts of clean electricity—enough to power more than 400,000 homes—and marks one of Kenya’s largest rural renewables […]
In a clear signal of investor confidence in nature-based climate solutions, Brazilian reforestation specialist Mombak announced today that it has secured $30 million in a Series A financing led by Union Square Ventures (USV). This landmark funding round, which includes participation from returning backers Kaszek and Bain Capital as well as newcomers Lower carbon Capital […]
In a clear sign of renewed confidence in North Africa’s financial promise, British banking giant Standard Chartered officially opened its new branch in Casablanca’s burgeoning Casa Anfa business district this week. The formal registration dated April 25 with the Casablanca Commercial Court cements Morocco’s economic capital as the cornerstone of Standard Chartered’s sub-Saharan Africa strategy […]
Kenya has taken a bold and strategic step toward completing its Standard Gauge Railway (SGR) network to the Ugandan border town of Malaba — a move that could redefine the country’s economic geography and shift the narrative on infrastructure financing in East Africa. Following President William Ruto’s recent visit to Beijing and high-level talks with […]
In a bold step to turbocharge global development and foster private sector expansion in emerging markets, the European Commission and the International Finance Corporation (IFC) have officially signed a landmark guarantee agreement worth €291 million. The agreement, announced today, underpins the EU’s Global Gateway strategy and signals a powerful new chapter of collaboration aimed at […]
In a major boost to West Africa’s private equity and venture capital ecosystem, Nigerian investment firm Aruwa Capital Management has successfully raised $35 million in the first close of its second fund. The firm initially targeted $40 million, but now aims for a final close of $50 million, with a hard cap set at $60 […]
In a bold move to reshape its financial landscape and solidify its leadership in Africa’s digital economy, Kenya is gearing up to tokenize real-world assets (RWAs) through a new, homegrown digital exchange platform. Canadian blockchain innovation firm DeFi Technologies Inc. has officially partnered with the Nairobi Securities Exchange (NSE) to develop the Kenya Digital Exchange […]
In a significant move underscoring Japan’s growing ambition to nurture deep-tech innovation, UTokyo Innovation Platform Co., Ltd. (UTokyo IPC), led by President and CEO Kosuke Ueda, has announced a limited partner (LP) investment into Abies Ventures Fund II. The investment will be made through the Academic Startup Acceleration (ASA) Fund, a major initiative operated under […]
Kenya, a vibrant East African economic hub, finds itself at a critical juncture, grappling with persistent challenges of corruption, illicit...
The United States labor market delivered a robust performance in June, with job growth surpassing economists' forecasts and the unemployment...
Africa is on the cusp of a profound digital transformation, with its data centre sector emerging as a critical backbone...
The vibrant city of Nairobi is currently hosting a pivotal event poised to redefine Africa's investment landscape: the inaugural NextFrontierAfrica...
