In a striking demonstration of economic transformation, Saudi Arabia’s cultural sector has successfully attracted half a billion dollars in foreign direct investment and drawn 1,700 international investors, marking a watershed moment in the Kingdom’s ambitious journey to reshape its economic identity beyond oil dependency. The revelations came during the inaugural Cultural Investment Conference held at […]
In a calculated move that signals Mastercard’s deepening commitment to Africa’s digital transformation, the global payments giant has taken a minority stake in Smile ID, the continent’s dominant identity verification provider. The September 25, 2025 announcement extends an existing partnership and positions both companies at the epicenter of Africa’s $1.5 trillion digital economy race. The […]
In a remarkable demonstration of market depth and investor confidence, the Nairobi Securities Exchange (NSE) secondary bond market has achieved a historic milestone by surpassing the KSh 2 trillion turnover mark as of September 24, 2025. This unprecedented achievement represents the first time Kenya’s fixed-income trading platform has reached such levels within a single calendar […]
In a significant vote of confidence for Britain’s financial services sector, global fintech powerhouse Revolut has announced a transformative £3 billion investment commitment to the United Kingdom over the next five years. The substantial pledge, which includes the creation of 1,000 new high-skilled jobs, was unveiled alongside the official opening of the company’s striking new […]
In a landmark commitment to sustainable development and international partnership, European Commission President Ursula von der Leyen has announced a substantial €545 million Team Europe investment package designed to dramatically accelerate Africa’s transition to renewable energy. The announcement, delivered via video message at the prestigious Global Citizen Festival during the United Nations General Assembly proceedings, […]
Kenya’s corporate sector faces a critical wake-up call as the country’s first comprehensive Corporate Venture Capital (CVC) report exposes a massive untapped opportunity to support the nation’s thriving startup ecosystem. The groundbreaking study, launched by the UK-Kenya Tech Hub in partnership with ViKtoria Ventures through their Angel Leads Program, reveals that Kenyan corporations remain dramatically […]
European fintech heavyweight Revolut has announced one of the most ambitious expansion plans in the sector’s history, committing $13 billion over the next five years to drive its global expansion as it pursues 100 million customers by mid-2027. The announcement came as the company officially opened its new global headquarters in London’s prestigious Canary Wharf […]
In a landmark move that could reshape Africa’s economic development trajectory, Michael Bloomberg and the African Development Bank Group have announced a groundbreaking partnership designed to mobilize unprecedented levels of private sector investment across the African continent. The strategic alliance was unveiled during the Bloomberg Philanthropies Global Forum held alongside the 80th United Nations General […]
RareX Limited has successfully secured a substantial $50 million funding facility from international investment firm GEM Global Yield, contingent upon the successful acquisition of the strategically significant Mrima Hill critical minerals project in Kenya. This conditional financing arrangement represents a pivotal step in RareX’s ambitious expansion into East Africa’s burgeoning critical minerals sector, positioning the […]
Intel Corporation has approached Apple Inc. about securing a potential investment in the struggling semiconductor manufacturer, according to Bloomberg News, as part of broader efforts to revitalize a business now partially owned by the U.S. government. The discussions between the two tech giants have also reportedly explored ways to strengthen their collaboration, though sources familiar […]
The latest auction of Treasury bills (T-bills) in Kenya delivered a dramatic signal: yields on short-term government securities have sunk...
The Central Bank of Kenya (CBK) has launched an attractive investment opportunity for Kenyans, announcing the reopening of two long-term...
The Nairobi Securities Exchange (NSE) secondary bond market has set a new benchmark for Kenya’s financial sector, crossing the KSh...
Rising Activity in the Interbank Market Kenya’s financial system has experienced a notable shift over the past week, as interbank...
