Mumbai, October 8, 2025 — In a historic moment for global financial markets, gold prices shattered the $4,000 per ounce barrier for the first time on October 7, 2025, marking a dramatic shift in investment patterns as traders and institutions worldwide seek refuge from economic turbulence, currency depreciation, and escalating geopolitical risks. Gold futures settled […]
Johannesburg, October 8, 2025 — In a move that underscores the evolving landscape of South African finance, 36ONE Asset Management has finalized a significant Black Economic Empowerment (BEE) transaction, granting a consortium led by MI Capital a 22% equity stake in the prominent investment firm. The deal arrives at a moment of intense national debate […]
Co-operative Bank of Kenya has extended a substantial KShs 110 million debt financing package to Eboss Investments Company, earmarked for the construction of Seven Oaks School, a new British-curriculum educational institution set to serve the rapidly expanding Brookview Membley community in Ruiru. This strategic investment underscores the bank’s commitment to supporting integrated mixed-use developments that […]
American pharmaceutical powerhouse Eli Lilly and Company has announced a transformative investment of more than $1 billion in India over the coming years, marking one of the most significant foreign direct investments in the country’s pharmaceutical sector. The initiative represents a strategic pivot toward leveraging India’s robust manufacturing capabilities and skilled workforce to strengthen the […]
South African mining company Tharisa has unveiled ambitious plans to invest $547 million (R9.46 billion) in a transformative underground platinum group metals (PGM) mining project over the next decade. This substantial capital commitment marks a strategic pivot from traditional open-pit operations to advanced underground mining techniques, positioning the company to secure long-term access to one […]
Kenya has launched an ambitious $1 billion buyback offer targeting its February 2028 Eurobond, coupled with the simultaneous sale of new notes to finance the repurchase operation, the government announced Thursday. The strategic move represents the East African nation’s latest effort to proactively manage its debt maturity schedule and avoid the kind of currency crisis […]
Japanese technology conglomerate Hitachi experienced a dramatic surge in its share price on Friday, climbing over 9% following the announcement of a groundbreaking partnership with artificial intelligence pioneer OpenAI. The collaboration, unveiled late Thursday evening, centers on building advanced AI infrastructure and data centers across multiple global markets. The partnership represents one of the most […]
In a significant boost to the nation’s struggling automotive sector, South Africa has secured firm commitments from major Chinese and Indian automobile manufacturers to upgrade their current semi-knocked-down (SKD) vehicle assembly operations to comprehensive full-scale manufacturing facilities, Trade Minister Parks Tau announced Thursday at the country’s annual automotive industry conference. The announcement comes at a […]
In a landmark decision that will reshape Kenya’s energy sector landscape, Parliament has approved the government’s ambitious plan to privatize the Kenya Pipeline Company (KPC), paving the way for the divestment of 65 percent of state shareholding to private investors through what is expected to be one of the largest initial public offerings in East […]
The global travel and tourism industry has reached a significant milestone, with worldwide investment surpassing $1 trillion in 2024, marking a robust 9.9% year-on-year increase that signals the sector’s remarkable resilience and continued expansion in the post-pandemic era. This groundbreaking announcement came during the World Travel & Tourism Council’s 25th Global Summit in Rome, where […]
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...
