Kuramo Capital Management, a prominent investment management firm specializing in Sub-Saharan Africa (SSA), has announced its ambitious plan to invest $150 million over the next decade in enterprises led by women. This significant investment is earmarked for deployment through the Moremi Platform, a strategic initiative aimed at fostering the growth of the next generation of […]
In a recent statement, the Ministry of Trade and Industry announced the establishment of a cutting-edge commodities exchange, the Komex, dedicated to revolutionizing the market and instilling essential integrity. The ministry emphasized the exchange’s commitment to providing a secure mechanism for ensuring quality, quantity, and timely payment within the market. The Komex aims to enhance […]
In a startling twist of fate, the Grok cryptocurrency (GROK) has encountered a severe setback, with its market capitalization nosediving from $160 million to $78 million. This drastic decline transpired in the wake of allegations pointing to fraudulent activities surrounding the digital currency. Despite enjoying rapid growth and boasting a substantial user base of over […]
In a significant development, the Nigerian Exchange Limited (NGX) has reported a substantial increase in retail participation in equity markets, reaching 35% as of September 2023, up from 28% in 2022. The announcement was made by Jude Chiemeka, the Executive Director of Capital Markets at NGX, during the virtual NGX RegCo Retail Investor Workshop. The […]
In a strategic move to address potential challenges in its foreign exchange reserves, Kenya’s National Treasury has appointed Citi and Standard Bank as joint lead managers. Their mandate is to explore options for international US$ capital markets funding and liability management for Kenya. With the looming pressure on foreign exchange reserves in 2024 due to […]
In a groundbreaking move, Brazil successfully raised $2 billion on Monday through its debut ‘green’ bond issuance, securing a 6.15% yield, as reported by an anonymous source with knowledge of the transaction. The seven-year bonds mark a strategic initiative to establish a benchmark within the private market, concurrently aligning financial resources with the government’s ambitious […]
The Nairobi Securities Exchange PLC (NSE) has granted approval for the listing of Linzi Sukuk on its Unquoted Securities Platform (USP), marking a historic milestone as the first Shari’ah-compliant product admitted to the platform. The Linzi Sukuk now joins the ranks of three admitted securities on the USP. Issued by Linzi FinCo Trust, a common […]
The Africa Investment Forum’s 2023 Market Days culminated in an unprecedented achievement, attracting an impressive $34.82 billion in investment interest for vital sectors such as infrastructure, agriculture, health, and the creative industries. The three-day global event, themed “Unlocking African Value Chains,” concluded on Friday in the vibrant Moroccan city of Marrakech, bringing together over 1,000 […]
In a recently unveiled report by the World Economic Forum (WEF), it has been revealed that Sub-Saharan Africa is emerging as a frontrunner in renewable energy adoption and investment, showcasing the region’s substantial potential for a sustainable future. The report, which scrutinized the Energy Transition Index (ETI) of 120 nations spanning from 2014 to 2023, […]
In a significant development, global payments giant PayPal finds itself under the watchful eye of the United States Securities and Exchange Commission (SEC), as the regulatory body issues a subpoena regarding PayPal USD (PYUSD), the company’s U.S. dollar-pegged stablecoin. This move marks the latest example of the growing regulatory scrutiny that stablecoins are facing in […]
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...
