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 […]
In a monumental development poised to reshape its economic future, the government of Malawi has officially sealed a landmark $7 billion agreement with the Chinese conglomerate, Hunan Sunwalk Technology Group. This pact, representing the single largest foreign investment in the nation’s burgeoning mining sector, is set to unlock the vast potential of Malawi’s mineral resources, […]
In a significant boost for economic development and job creation across East and Central Africa, Italy has formally committed to spearheading the revival and expansion of Kenya’s vibrant but underexploited leather and tanning industry. This landmark partnership, solidified with Equity Group Holdings as the strategic financial catalyst, promises to unlock immense potential, transforming raw hides […]
In a move set to significantly accelerate its global expansion and cement its position as a transformative force in the international automotive trading landscape, Weston N.V., a leading Belgian-headquartered automotive trading company, today announced a substantial €100 million investment commitment from GEM Global Yield LLC SCS (“GEM”). This strategic partnership with GEM, a formidable $3.4 […]
In a monumental stride towards fostering robust economic development and sustainable growth across East Africa, the East African Development Bank (EADB) has officially inked its largest single financing agreement to date with the OPEC Fund for International Development. The landmark deal, formalized on Wednesday at the OPEC Fund’s headquarters in Vienna, secures a substantial US$40 […]
Today’s business headlines are buzzing with two distinct yet equally significant developments signaling a profound shift in the global digital landscape. From the launch of a new AI-powered software testing venture by the seasoned founders of Expensya to Kenya’s strategic extension of its national real-time payment system’s operating hours, these moves underscore a relentless drive […]
Kenya's electricity sector has reached a critical juncture as the nation recorded unprecedented peak demand of 2,411.98 megawatts (MW) and...
The Federal Reserve announced a quarter-point reduction to its benchmark interest rate on Wednesday, bringing the federal funds rate to...
The United Arab Emirates has solidified its position as one of Africa's most strategic economic partners, ranking fourth globally in...
Emirates Airlines is strategically positioning Kenya as its primary gateway to East and Central Africa, capitalizing on the recently implemented...
