In a recent report released by the European Investment Bank, it has been revealed that Africa’s private investment faced a 3% decline, totaling $6.3 billion in 2022. This setback is primarily attributed to global risk aversion, which significantly impacted private equity and venture capital fundraising activities across the continent. Remarkably, this marks the lowest fundraising […]
In a groundbreaking development, OneChronos, a technology company specializing in harnessing cutting-edge auction theory and artificial intelligence (AI) to revolutionize financial markets, has announced the successful completion of its Series B investment round, securing an impressive $40 million in funding. This remarkable financing round was spearheaded by Addition, a move that has garnered significant attention […]
Kenyan stocks are facing an alarming selloff, propelling the nation’s benchmark index into a dire situation, marking it as the world’s worst-performing market. The Nairobi Securities Exchange (NSE) has recorded a distressing fourth consecutive quarter of decline in September, marking the longest downward trend since 2017. Notably, KCB Group Plc, Kenya’s largest bank by assets, […]
Binance, the world’s largest cryptocurrency exchange, has announced its exit from the Russian market. The exchange plans to cease all exchange services and business operations in the country over the coming months. This move follows the sale of its assets to CommEX, a venture that emerged just a day ago, for an undisclosed sum. Unlike […]
In a significant development, the Stock Exchange of Mauritius (SEM) has unveiled an exciting opportunity for Kenyan investment banks and stockbrokers to participate in its market platform. This move has the potential to broaden the spectrum of offshore investment opportunities within the Indian Ocean island State. SEM’s Chief Executive, Sunil Benimadhu, announced this groundbreaking initiative […]
Oil prices saw a substantial 3% surge, nearing $100 a barrel, hitting a fresh 10-month high on Wednesday. The rally was ignited by concerns over tightening global crude supplies, with lower-than-expected US stockpiles adding to the bullish sentiment. Brent crude, the international benchmark, reached as high as $97.06 per barrel, marking its highest intraday level […]
In a remarkable display of financial strength, Vodacom Tanzania has revealed its intention to distribute a substantial payout of 22.3 billion Tanzanian Shillings (TZS) to its equity shareholders for the financial period concluding in March this year. The announcement was made by Vodacom Tanzania’s Chairman, Retired Judge Thomas Mihayo, during a press briefing following the […]
In a startling turn of events, Treasury bill interest rates have vaulted over the 15 percent threshold for the first time in eight years, igniting concerns about an imminent surge in loan expenses. The rates attached to Treasury bills (T-bills) serve as a pivotal gauge for establishing the risk-free benchmark for loan pricing, and the […]
In a landmark development, DWS, the German asset manager majority-owned by Deutsche Bank, has agreed to pay a substantial $25 million to resolve two separate enforcement actions brought by the United States Securities and Exchange Commission (SEC). These actions are the culmination of a more than two-year-long investigation into allegations of greenwashing, which have cast […]
In a significant financial development, the Egyptian Exchange (EGX) commenced trading treasury bills (T-Bills) on the secondary market, as announced in a press release. On its inaugural day, the secondary market for T-Bills saw robust activity, with a total trading value reaching EGP 33.8 billion ($1.1 billion) generated from 109 transactions. This milestone achievement is […]
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...
