SolarAfrica has taken a significant step forward in its mission to revolutionize South Africa’s renewable energy landscape. The company recently secured a R1.8 billion investment for its flagship SunCentral project—a large-scale solar photovoltaic (PV) plant strategically located between Hanover and De Aar in the Northern Cape province. This major financial milestone not only paves the […]
British International Investment (BII), the UK’s development finance institution and impact investor, has announced a $100 million Tier 2 capital facility deal with KCB Bank Kenya. This strategic financing initiative is designed to strengthen KCB Bank’s balance sheet, expand its lending capacity, and support vital sectors such as climate-related projects and women-led small and medium-sized […]
Bridge Investment Group Holdings (BRDG) saw its shares surge by 35% following the announcement of its acquisition by Apollo Global Management for $1.5 billion. The news, which has captivated investors and industry watchers alike, details a strategic partnership that is poised to reshape the competitive dynamics of the sector. A Strategic Acquisition with Far-Reaching Implications […]
The African Development Bank (AfDB) and Standard Bank Group (SBG) have joined forces to bolster funding for small, medium, and micro enterprises (SMMEs) and expand trade across the continent. Announced on February 24, 2025, this strategic partnership is centered on a R3.6 billion social bond and a $200 million Risk Participation Agreement (RPA) designed specifically […]
In a bold move to further position itself as a leading tourism destination in East Africa, Kenya is set to revamp its visa policies and enhance port infrastructure to boost its burgeoning cruise tourism sector. This strategic initiative is part of a broader governmental effort to streamline entry procedures and stimulate economic growth by attracting […]
Bhopal, India – At the Madhya Pradesh Global Investors’ Summit (GIS) 2025, industrialist Gautam Adani announced a massive ₹1.1 trillion investment plan across key sectors, including pumped storage, cement, mining, smart metering, and thermal energy. This ambitious move is expected to generate over 1,20,000 jobs in the state by 2030, marking a significant step toward […]
In a remarkable display of financial strength and market confidence, Airtel Uganda has announced a dividend payout that has captured the attention of investors and industry analysts alike. The Ugandan Securities Exchange-listed telecommunications giant declared a final dividend as part of its impressive financial performance for the year ended December 31, 2024. With a reported […]
In a landmark operation that has captured the attention of investors and market watchers alike, the Central Bank of Kenya (CBK) has successfully completed its first-ever domestic bond buyback, repurchasing bonds worth KSh 50.09 billion—marginally exceeding its target of KSh 50 billion. This strategic move, announced in February 2025, marks a significant milestone in Kenya’s […]
In a striking move that underscores the rapidly evolving dynamics of global critical mineral markets, Chinese firm Jiangsu Jiuwu Hi-Tech (SZSE:300631) announced last month that it would cease exporting a key lithium-processing component—sorbents—effective February 1, 2025. This decision comes amid growing expectations that Beijing’s proposed export controls on battery and lithium technologies will soon reshape […]
In a major boost to Africa’s agribusiness sector, British International Investment (BII), alongside Swedfund and Norfund, has announced a joint investment of $85 million in AgDevCo. This latest injection of capital is designed to support small and medium-sized agribusinesses across sub-Saharan Africa, enabling them to increase productivity, expand food systems, and build greater resilience in […]
Kenya, a vibrant East African economic hub, finds itself at a critical juncture, grappling with persistent challenges of corruption, illicit...
The United States labor market delivered a robust performance in June, with job growth surpassing economists' forecasts and the unemployment...
Africa is on the cusp of a profound digital transformation, with its data centre sector emerging as a critical backbone...
The vibrant city of Nairobi is currently hosting a pivotal event poised to redefine Africa's investment landscape: the inaugural NextFrontierAfrica...
