Kenya Power, in a significant boost to Kenya’s electrification agenda and socio-economic development, has announced an ambitious plan to connect 150,000 new customers to the national electricity grid under the Last Mile Connectivity Project (LMCP) Phase VI. Funded by a generous allocation from the African Development Bank (AfDB), the project will extend across 45 counties—excluding […]
In a bold and forward-looking address at the 14th Annual Investment Conference (AIM Congress 2025), held at the Abu Dhabi National Exhibition Centre from April 7 to 9, 2025, His Excellency Zayed bin Aweidha, CEO of Abu Dhabi Investment Group (ADIG), delivered a comprehensive keynote that examined global economic challenges while offering a nuanced perspective […]
Italian energy giant Eni (ENI.MI) announced plans to invest approximately 24 billion euros (roughly $26.24 billion) over the next four years in Algeria, Libya, and Egypt. The decision, revealed by Eni CEO Claudio Descalzi at an energy conference in Ravenna, underscores the company’s commitment to revitalize energy production in North Africa, enhance hydrocarbon supply reliability, […]
In a move that underscores both determination and transformation, Harambee Deposit Taking Sacco has written off its entire investment of Ksh184 million (approximately $1.42 million) in the Kenya Union of Savings and Credit Co-operatives (Kuscco) as part of a broader strategy to strengthen its financial foundations. The decision, which comes amid the Sacco’s ambitious plans […]
In a stunning turn of events, Wall Street was thrust into turmoil on Monday, April 7, 2025, as the S&P 500 opened with a significant gap lower, reaching levels not seen since mid-January 2024. The dramatic decline is the latest chapter in an unfolding saga that began with President Donald Trump’s sweeping announcement of new […]
In a bold move that signals a significant shift in Africa’s energy landscape, the African Export–Import Bank (Afreximbank) has announced that it will earmark $3 billion in financing to support the purchase of locally refined petroleum products across the continent. This decision, unveiled at a high-profile energy conference in Cape Town, South Africa, is part […]
Kenya’s government announced a new funding strategy aimed at reviving the stalled extension of its Standard Gauge Railway (SGR) from Naivasha to Malaba—a critical corridor poised to extend into Uganda, Rwanda, South Sudan, and even the mineral-rich Democratic Republic of Congo (DRC). The new proposal, unveiled amid growing concerns over fiscal constraints and evolving financing […]
The OPEC Fund for International Development (OPEC Fund) has approved over US$600 million in new financing for a diverse range of projects across Africa, Asia, Latin America, and the Caribbean. The announcement, made during the institution’s 191st Governing Board meeting in Vienna, signals an intensified commitment to boosting infrastructure, enhancing human capital, and promoting food […]
In a notable shift that signals the continent’s evolving investment landscape, African startups raised a record $469.9 million in funding during the first quarter of 2025. Cleantech emerged as the crown jewel of this new era, overtaking the once-dominant fintech sector and capturing investor interest with sustainable, climate-focused innovations. The fresh wave of capital is […]
In a bold move set to redefine the investment landscape in Kenya, the Kenya Private Sector Alliance (KEPSA) and the Kenya Investment Authority (KenInvest) have announced a groundbreaking Cooperation Agreement. Signed in Nairobi by KEPSA CEO Carole Kariuki and KenInvest CEO John Mwendwa, this strategic partnership is designed to fortify economic, technological, and investment ties […]
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...
