Digital payments behemoth PhonePe has officially set its sights on the public markets, initiating its much-anticipated Initial Public Offering (IPO) journey. The move marks a significant milestone for the company, poised to become one of India’s most prominent tech listings in recent memory. Sources close to the development revealed to CNBC-TV18 on Monday evening that […]
In a landmark move poised to reshape Africa’s economic and environmental landscape, the Nigerian Sovereign Investment Authority (NSIA) has officially launched an ambitious pan-African investment platform. This groundbreaking initiative aims to mobilize a staggering $50 billion in blended finance by 2030, specifically targeting critical sectors such as infrastructure, agriculture, and climate-resilient projects across the continent. […]
In a pivotal development poised to redefine the landscape of vehicle transactions across East Africa, Peach Cars, a Nairobi-based used car marketplace, has successfully raised US$11 million in Series A funding. This significant capital injection is set to accelerate the company’s ambitious efforts to digitize and formalize the often-fragmented and opaque used car market in […]
In a landscape increasingly defined by shifting geopolitical alliances, persistent economic headwinds, and the relentless march of technological innovation, the latest World Investment Report from the United Nations Conference on Trade and Development (UNCTAD) paints a nuanced, somewhat paradoxical picture of global foreign direct investment (FDI). While the headline figure suggests a modest 4% overall […]
In a significant stride towards fostering sustainable development and accelerating regional integration across Africa, the Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, today announced that the Republic of Angola has become its latest sovereign shareholder. This pivotal equity investment not only deepens an already robust partnership but also serves as a resounding […]
Luno, a global cryptocurrency investment platform with deep roots in Africa, has officially announced its re-entry into the dynamic Kenyan market. This strategic move, confirmed on June 23, 2025, comes several years after its initial presence, marking a significant step in the platform’s commitment to empowering financial inclusion and innovation across the continent. The relaunch […]
In a significant boost to India’s burgeoning aviation sector, Adani Airports Holdings Ltd. (AAHL) has successfully secured a substantial $1 billion in financing for the expansion and modernization of Mumbai International Airport Ltd. (MIAL), also known as the Chhatrapati Shivaji Maharaj International Airport (CSMIA). This landmark deal, announced on Tuesday, June 24, 2025, underscores the […]
In a significant move set to accelerate critical infrastructure development across Africa, the Africa Finance Corporation (AFC), a leading pan-African multilateral development financial institution, has successfully secured a EUR 250 million 10-year term loan from Cassa Depositi e Prestiti (CDP), Italy’s prominent National Promotional Institution and Financial Institution for Development Cooperation. Announced on June 23, […]
In a move set to significantly reshape Kenya’s financial landscape, the Competition Authority of Kenya (CAK) has officially authorized the proposed merger that will see Gulf African Bank Limited acquired by Soren Investment Company Limited, a Dubai-based entity. This landmark approval, announced in a gazette notice on Friday, June 20, 2025, marks a pivotal moment […]
In a significant move poised to redefine economic ties between two prominent global players, Badan Pengelola Investasi Daya Anagata Nusantara (Danantara Indonesia), a key Indonesian state-owned investment vehicle, and the Russian Direct Investment Fund (RDIF), Russia’s sovereign wealth fund, have officially announced the establishment of the Russia-Indonesia Investment Platform (RIDNIP). This ambitious joint venture, armed […]
A historic moment in East African energy cooperation unfolded this week as Ethiopia commenced its first-ever electricity exports to Tanzania,...
The United States Senate is currently embroiled in a high-stakes, marathon voting session on a sweeping budget bill, colloquially dubbed...
In a landmark moment for Burundi's energy future, President Evariste Ndayishimiye this week inaugurated the Jiji hydroelectric plant, a crucial...
The financial landscape in Kenya has seen a notable development with the Central Bank of Kenya (CBK) announcing the cancellation...
