Nigeria’s oil and gas sector received a significant boost following the signing of a major production agreement between Conoil Producing and TotalEnergies at the French energy giant’s headquarters in Paris. The deal, formalized on Friday at TotalEnergies’ La Défense office complex, marks a pivotal moment for Nigeria’s upstream petroleum industry and signals growing international confidence […]
Acorn Holdings Limited, the developer behind Kenya’s popular Qwetu and Qejani student housing brands, has received authorization from the Capital Markets Authority to establish a Build-To-Rent Development Real Estate Investment Trust backed by KSh 2.20 billion in committed institutional capital, marking a significant expansion of the company’s affordable housing portfolio beyond the student accommodation market. […]
AXA Investment Managers (AXA IM) halved its exposure to UK government bonds, commonly known as gilts, in some global fixed-income portfolios on Friday, following news that the government has no plans to raise income tax, a senior fund manager told Reuters on Monday. This immediate and sharp reduction in position underscores deep market concern over […]
The Egyptian financial landscape has witnessed a pivotal shift with the official launch of the “Felousy” application—a major leap forward in democratizing access to the nation’s capital markets. Announced by Dalia El-Baz, Chairperson of Egypt Post, the platform represents the first fully integrated, end-to-end digital mechanism in Egypt dedicated to facilitating retail investment in investment […]
Kenya’s renewable energy landscape received a significant boost this week as Proparco, the French development finance institution, announced a strategic equity investment in the country’s 100-megawatt Kipeto wind farm located in Kajiado County. The investment, disclosed on Wednesday, November 12, represents another milestone in Kenya’s ambitious journey toward achieving 100% renewable electricity generation and universal […]
The global race for artificial intelligence supremacy has intensified dramatically, with South Korean technology giant Samsung announcing an unprecedented $310 billion investment package spanning the next five years. This strategic capital allocation, unveiled on Sunday, represents one of the largest single commitments to AI infrastructure and semiconductor manufacturing in corporate history, signaling the company’s determination […]
In a landmark policy reversal aimed at rejuvenating its mining sector, Ghana has announced the elimination of value-added tax on mineral exploration and reconnaissance activities, marking the end of a 25-year-old levy that industry stakeholders have long blamed for stifling investment and diminishing the country’s competitiveness in the global mining landscape. The decision, unveiled by […]
East African Breweries Limited (EABL), Kenya’s premier alcoholic beverages manufacturer and one of the most established companies listed on the Nairobi Securities Exchange, has successfully raised KSh 16.7 billion through a corporate bond issuance that significantly exceeded market expectations. The oversubscription demonstrates strong investor confidence in the company’s financial position and future prospects, marking a […]
Telcoin has achieved a groundbreaking milestone in the convergence of traditional banking and blockchain technology, announcing that it has received final charter approval from the Nebraska Department of Banking and Finance. This historic approval marks the establishment of Telcoin Digital Asset Bank, the first Digital Asset Depository Institution to operate in the United States. The […]
The African Development Bank Group has approved a comprehensive $211.4 million financing package aimed at revolutionizing agricultural production and generating thousands of employment opportunities in eastern Angola. This landmark investment represents one of the most significant agricultural development initiatives in the region and signals a strategic shift toward leveraging Angola’s vast untapped agricultural potential. The […]
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...
