Kenya has taken a major diplomatic and developmental leap forward following the signing of 24 Memoranda of Understanding (MoUs) with China during President William Ruto’s high-profile state visit to Beijing. The signing ceremony, which took place at The Great Hall of the People, was overseen by Chinese President Xi Jinping and President Ruto, and marks […]
In a move that underscores the accelerating convergence of finance, technology, and global sports, Tether Investments, S.A. de C.V., a subsidiary of the Tether Group, has solidified its position as a major player in the football world. The company announced today that it now holds a 10.12% stake in Juventus Football Club S.p.A., one of […]
Equatorial Guinea has achieved a landmark milestone by obtaining an investment-grade credit rating of BBB/A2 from Bloomfield Investment Corporation, marking one of the few times a Central African oil producer has risen into this tier. The upgrade signals to international markets that the country has made meaningful strides toward fiscal consolidation, strengthened its external balances, […]
In a bold move to sustain its infrastructure ambitions while grappling with ballooning national debt, Kenya is exploring the issuance of sovereign bonds in Hong Kong. The strategic pivot reflects a growing urgency to diversify financing models, especially as the country faces tighter constraints from traditional lending sources due to its rising debt-to-GDP ratio. Foreign […]
In a strategic move poised to reshape the global textile industry, Việt Nam is set to host the world’s first fully circular textile production hub, powered entirely by renewable energy. The announcement follows a high-level meeting between Vietnamese Prime Minister Phạm Minh Chính and executives from Swedish textile recycling company SYRE, including Chair Susanna Campbell, […]
In a strategic move that underscores Zimbabwe’s rising prominence in Africa’s mining resurgence, Kavango Resources Plc has secured a US$5 million interest-free facility from the Comarton Managed Pension Funds’ Investments Consortium. The funding is poised to unlock a new era of mine development and gold processing infrastructure in Zimbabwe, supporting both national economic goals and […]
In a landmark outcome of President William Ruto’s state visit to Beijing on April 23, 2025, Kenya secured investment commitments totaling Ksh.126 billion (approximately USD 920 million) from seven leading Chinese companies. The deals, signed during the Kenya–China Investor Roundtable, align closely with the government’s Bottom-Up Economic Transformation Agenda (BETA), targeting transformative projects in manufacturing, […]
Venture capital funding in India slipped to USD 2.4 billion during the first quarter of 2025, down from USD 2.6 billion recorded in the final quarter of 2024, as global-economic headwinds and geopolitical tensions prompted investors to tread more cautiously. Despite the modest quarter-on-quarter decline, industry experts emphasize that nothing fundamental has changed in India’s […]
The African Export-Import Bank (Afreximbank) closed its 2024 financial year with a remarkable 29 percent increase in net income, reaching $973.5 million compared with $756.1 million in 2023. This performance comes amid a challenging global environment characterized by geopolitical uncertainty, persistent inflationary pressures, and elevated interest rates in major economies. Yet it also reflects the […]
Umba, a Nairobi‑headquartered digital bank operating in Kenya and Nigeria, has successfully closed a $5 million debt financing round to accelerate the expansion of its lending portfolio, advance its proprietary credit‑scoring technology, and fuel entry into new East and West African markets within the next 12 months Tech In AfricaFintech News Africa. Led by Star […]
Kenyan exporters of agricultural produce are set to benefit from a significant trade breakthrough as the country finalizes a bilateral...
The first half of 2025 has delivered a stark wake-up call to the global insurance industry. According to preliminary estimates...
For international investors, Zambia’s debt restructuring journey has been a closely watched case study. As the first African nation to...
In a significant stride toward a sustainable and robust energy future, the Kenyan government has officially greenlit the development of...
