Senegal’s dollar bonds due in 2033 have experienced a notable surge in value following President Macky Sall’s decisive move to eliminate the possibility of a controversial third-term bid by selecting a favored successor. In a pivotal announcement made over the weekend, President Sall publicly endorsed Prime Minister Amadou Ba, a seasoned 62-year-old technocrat, as the […]
This year, credit hedge funds specializing in distressed debt are raking in substantial profits, thanks to a surge in borrowing costs that is hitting struggling companies. The reason behind this financial windfall is that central banks have been increasing interest rates, which has placed added pressure on smaller and riskier corporate borrowers. These companies have […]
In a bid to bolster innovation and entrepreneurship across the African continent, Black Ostrich Ventures, a prominent venture capital firm based in Los Angeles, has unveiled a new pre-seed and seed-stage fund worth $20 million. The fund is specifically dedicated to supporting startups in the fields of cleantech, agtech, and edtech. In an official statement […]
In a remarkable surge driven by a roaring stock market and a rebound in property values, U.S. household wealth has soared to an all-time high, surpassing $154 trillion in the second quarter, according to data released by the Federal Reserve on Friday. The Federal Reserve’s quarterly snapshot of the financial health of households, businesses, and […]
In a significant development for the aviation industry, Britam General Insurance has unveiled a comprehensive insurance product aimed at both businesses and individuals operating within the aviation sector. The new coverage not only extends to personal protection for crew members but also encompasses a wide range of offerings, including legal liability coverage, airport owners’ and […]
In a groundbreaking announcement today, the United States Agency for International Development (USAID) has unveiled plans to invest $35 million in new initiatives aimed at bolstering climate resilience and sustainable economic growth across Africa. Pending the availability of funds, these projects mark a significant commitment by the U.S. government to address climate change challenges on […]
In a stark contrast to the robust performance of real estate investment trusts (REITs) in other major markets, Hong Kong’s REIT benchmark index has plummeted by more than a quarter this year. This alarming decline is attributed to a multitude of factors, chiefly the exodus of investors from China-linked assets. S&P’s REIT index for Hong […]
Nairobi, Kenya – In a significant development set to reshape the landscape of Kenya’s financial markets, the Nairobi Securities Exchange (NSE) is gearing up to launch the NSE Bond Index (NSE-BI) on October 1, 2023. This innovative index is poised to become a weekly benchmark for the bonds market, providing investors with invaluable insights and […]
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 […]
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...
