Zambia National Commercial Bank (Zanaco), the country’s largest financial institution by asset base, is set to make history by issuing the nation’s first sustainability bond, targeting $100 million to fund environmental and social projects across the southern African nation. The announcement, made by CEO Mukwandi Chibesakunda at a press briefing in Lusaka on Friday, October […]
President William Ruto concluded a vigorous three-day development tour of Western Kenya, unveiling a comprehensive package of projects worth KSh 21 billion across Kakamega and Vihiga counties. The pledge comes amid a renewed focus on regional equity and national unity in the midst of Kenya’s evolving political landscape. A region historically sidelined Western Kenya has […]
Global foreign direct investment experienced a troubling 3 percent decline in the first half of 2025, marking the continuation of a protracted two-year slump that has gripped the international economy. According to the latest Global Investment Trends Monitor released by the United Nations Conference on Trade and Development (UNCTAD), the sustained downturn reflects a complex […]
A consortium of prominent European development finance institutions has united to deliver a transformative €100 million financial injection into West African banking, marking one of the most significant private equity transactions in the region’s financial services sector this year. The landmark investment, spearheaded by pan-African private equity firm Mediterrania Capital Partners, aims to dramatically expand […]
KCB Group, one of East Africa’s most formidable banking institutions, has executed another decisive move in its transformation from a traditional lender into a comprehensive financial technology powerhouse. In a public announcement dated October 31, 2025, the lender confirmed it has “entered into an agreement to acquire a minority stake in Pesapal Limited,” marking the […]
In a development that could reshape India’s telecommunications landscape, New York-based private equity firm Tillman Global Holdings (TGH) has entered advanced discussions to inject between USD 4 billion and USD 6 billion (approximately Rs 35,000 to Rs 52,800 crore) into Vodafone Idea (Vi), one of India’s most financially distressed telecom operators. According to a report […]
The Limpopo Investment Conference has concluded with remarkable success, securing over R170 billion in investment pledges during its two-day session at the Ranch Hotel outside Polokwane. However, it is the groundbreaking R9.5 billion deal with the Kingdom of Saudi Arabia that has captured national attention and been celebrated as a transformative achievement for both South […]
The dynamics of equity trading at the Nairobi Securities Exchange (NSE) are undergoing a significant transformation. Foreign investor activity has dropped to its lowest level in fifteen years, signalling not just a cyclical retreat but possibly a structural shift in how Kenya’s capital markets operate. According to data from the Capital Markets Authority (Kenya) (CMA), […]
In a bold strategic move, global logistics major DP World has announced an additional investment of US $5 billion in India, a commitment made during the ongoing India Maritime Week 2025 that underscores its ambition to deepen its footprint in one of the world’s fastest-growing infrastructure markets. This fresh infusion is in addition to the […]
In a landmark move for Nigeria’s industrial ambitions, the Stellar Steel Company Limited, a Chinese‐backed firm, has entered into a cooperation agreement with the Federal Ministry of Steel Development of Nigeria worth around US $400 million. The deal, announced in Abuja, signals a new era for steel production in the country and sets the stage […]
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...
