In a decisive move to bolster Kenya’s economic backbone, Swedfund has announced its second investment in Victoria Commercial Bank (VCB) PLC – a fresh infusion of $7.5 million aimed at strengthening the bank’s capacity to on-lend to small and medium-sized enterprises (SMEs). This latest commitment underscores Swedfund’s enduring mission to reduce poverty through sustainable investments […]
In a bold move to fortify Africa’s digital future, Microsoft has announced a $1 million investment to train one million Nigerians in artificial intelligence (AI) and digital skills over the next two years. Unveiled at a high-profile event in Lagos on February 19, 2025, this initiative underscores Microsoft’s commitment to empowering Africa’s burgeoning workforce and […]
In a landmark move set to redefine the future of the continent’s coffee industry, Tanzania is hosting the G25 African Coffee Summit in Dar es Salaam on February 21–22, 2025. This high-profile event brings together key stakeholders, policymakers, industry experts, and representatives from 25 African coffee-producing nations with a singular goal: to enhance production, secure […]
The 12th edition of the Sankalp Africa Summit, set to take place on February 27-28, 2025, will bring together over 1,500 global leaders, investors, and entrepreneurs in Nairobi. This premier summit, widely regarded as Africa’s largest impact investment and entrepreneurship gathering, will focus on unlocking millions of dollars in funding for African startups while fostering […]
In a landmark development that promises to reshape Nigeria’s cocoa industry, Johnvents Group, a leading agribusiness and manufacturing conglomerate, has announced a strategic partnership with British International Investment (BII), the United Kingdom’s development finance institution and impact investor. This collaboration will see an investment of $40.5 million, aimed at boosting cocoa production, enhancing global export […]
In a significant step towards fostering entrepreneurship in Africa, the European Investment Bank (EIB) has announced a €15 million investment in the new I&P Afrique Entrepreneurs 3 (IPAE 3) fund. This initiative aims to provide critical support to small and medium-sized enterprises (SMEs) in West Africa and Madagascar, ultimately creating more than 4,000 direct jobs, […]
Kenya’s Borrowing Spree: A Breakdown of the Loans A report by the National Treasury, presented to Parliament, has revealed that the Kenyan government borrowed a total of Sh68.7 billion within a span of four months between September and December 2024. This translates to an alarming Sh23.83 million per hour and Sh397,292 per minute, indicating a […]
Investors in HSBC Holdings Plc have expressed strong support for CEO Georges Elhedery’s decisive move to scale back the bank’s investment banking operations in Western markets. This strategic retrenchment aligns with HSBC’s long-term vision to concentrate on its more lucrative Asian franchises, even as U.S. President Donald Trump’s deregulatory policies spark optimism for increased capital […]
In a significant move aimed at accelerating industrialization in Nigeria, the International Finance Corporation (IFC) has announced a $50 million investment in the Lagos Free Zone (LFZ), marking a major milestone in the country’s push for economic expansion. The investment, made public on February 7, 2025, signals IFC’s commitment to fostering sustainable growth in Africa’s […]
In a landmark decision aimed at improving the travel experience and positioning Kenya as a premier aviation gateway, the Cabinet has endorsed a comprehensive plan to reform customs, streamline airport operations, and boost intra-African travel. The most notable measure is the increase in the duty-free import limit for arriving passengers from Sh50,000 to Sh250,000, significantly […]
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...
