The Africa Development Bank (AfDB), in collaboration with the Global Center on Adaptation (GCA), has unveiled a substantial commitment of Sh145.5 billion ($1 billion) aimed at supporting youth-led startups across the continent. This initiative represents a vital step in the ongoing battle against climate change. AfDB shared the news on its social media platform, X […]
In a groundbreaking move to bolster Kenya’s efforts in combating climate change and improving air quality, the United States Agency for International Development (USAID) has announced a substantial investment of $1.4 million. The funds will support the Government of Kenya in formulating a comprehensive carbon market activation plan and reinforcing the regulatory and legal framework […]
Brussels, September 6, 2023 – In a groundbreaking financial development, Belgium has successfully raised a historic €21.9 billion ($23.65 billion) from savers in a bond sale, aiming to challenge traditional bank deposits. This move reflects the growing popularity of government debt as discontent surges among consumers facing dwindling interest rates from traditional lenders. The bond […]
The United Kingdom has declared a landmark investment of £49 million in climate change projects across Africa, according to an official statement released by Ndidiamaka Eze, Senior Press and Public Affairs Officer of the Foreign Commonwealth and Development Office. The announcement of this substantial funding commitment is set to take place at the inaugural Africa […]
In a groundbreaking move, the London Stock Exchange Group (LSEG) has unveiled ambitious plans for a revolutionary digital markets business. This strategic initiative aims to position LSEG as the world’s first major exchange to offer extensive trading of traditional financial assets on blockchain technology, renowned for its association with cryptocurrencies. Murray Roos, the Head of […]
Safaricom Plc, East Africa’s leading telecommunications giant, has successfully secured its inaugural Sustainability Linked Loan (SLL) in a historic deal valued at KES 15 billion. The company’s groundbreaking commitment to Environmental, Social, and Governance (ESG) initiatives has garnered significant attention and represents a pivotal moment in the region’s financial landscape. This historic agreement, facilitated by […]
Standard Chartered Bank Kenya has announced a significant development, offering Kenyan retail investors access to offshore unit trust fund investments. These investments, known as the Signature CIO Funds, are established in collaboration with Amundi Asset Management, a leading European asset manager with over 100 million clients and $2 trillion in asset under management. The initiative […]
CRDB Bank achieved a significant milestone on Thursday as it received approval from the Capital Markets and Securities Authority (CMSA) to launch the first-ever multicurrency green bond in Tanzania, making it the largest issuance of its kind in Sub-Saharan Africa. This corporate bond, valued at a whopping 300 million US dollars (equivalent to 780 billion […]
In a groundbreaking move, the Securities and Exchange Board of India (SEBI) has implemented new measures aimed at expediting the entry of individuals into the stock market. The KYC (Know Your Customer) procedure, a critical step in confirming one’s identity and address, has been significantly simplified to empower prospective investors. Effective September 1, SEBI has […]
Airtel Uganda Limited has unveiled its strategic move to launch an Initial Public Offering (IPO) involving 8 billion existing ordinary shares, equating to a 20% stake in the company. The IPO, which was officially initiated on August 30, 2023, is set to conclude on October 13, with the primary objective of garnering a substantial capital […]
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...
