The European Bank for Reconstruction and Development (EBRD) has marked a historic milestone by approving its inaugural investment in Sub-Saharan Africa, a €30 million sovereign loan directed toward Benin’s national electricity utility. The approval was announced on a Friday, signaling the formal launch of the Bank’s strategic expansion into the region following years of planning […]
Crown Healthcare, a Kenyan medical products distributor, has secured a critical US$10 million investment from Impact Fund Denmark to accelerate construction of a large-scale pharmaceutical manufacturing plant—a strategic move aimed at combating a counterfeit medicine crisis that claims over 100,000 lives annually across Africa while reducing Kenya’s dangerous dependence on imported pharmaceuticals. The investment, equivalent […]
The global bond market is experiencing unprecedented turbulence as yields climb to levels not witnessed since the 2009 financial crisis, signaling a fundamental shift in monetary policy expectations across major economies. As the Federal Reserve prepares for its December meeting, investors are reassessing the trajectory of interest rates from Washington to Sydney, creating waves across […]
In a bold assertion of energy sovereignty, Senegal has announced plans to nationalize the Yakaar-Teranga gas project, one of the world’s largest natural gas discoveries in recent years, currently operated by Dallas-based Kosmos Energy. The move, revealed by Energy Minister Birame Souleye Diop at a conference in Diamniadio on Tuesday, marks a significant shift in […]
In a resounding demonstration of investor confidence in Kenya’s corporate debt market, telecommunications giant Safaricom PLC has announced that its inaugural green bond attracted applications totaling Ksh 41.4 billion—nearly three times the initial target of Ksh 15 billion. The exceptional demand, representing a 175.7 percent oversubscription, forced the company to exercise its full Ksh 5 […]
In a significant development for American manufacturing and Kentucky’s burgeoning industrial sector, Foxconn Technology USA Corp. (FTC USA) has announced plans to establish its inaugural U.S. manufacturing operation in Louisville, Kentucky, with a substantial $173 million investment that will create 180 high-paying jobs. The announcement, made by Governor Andy Beshear on December 9, 2025, represents […]
In a landmark financial transaction that signals renewed investor confidence in South Africa’s economic prospects, the National Treasury has successfully issued the country’s first-ever infrastructure and development finance bonds, raising 11.795 billion rand (approximately $692.74 million) through 10-year and 15-year instruments. The December 9, 2025 bond auction demonstrated robust market appetite, with bids exceeding 26 […]
The Central Bank of Kenya (CBK) has opened a strategic window for retail and institutional investors to participate in government securities through two reopened fixed-coupon Treasury bonds, each targeting to raise KSh60 billion for budgetary support. The initiative, which allows entry from as low as KSh50,000, represents a significant opportunity for Kenyans to invest in […]
The strategic alignment between BlackRock and the sovereign wealth funds (SWFs) of the Gulf Cooperation Council (GCC) marks a defining moment in global finance, signaling a robust collaboration aimed at capitalizing on the dynamic growth trajectories of Asian markets, particularly India and China. As the world’s largest asset manager, BlackRock, with its colossal presence and […]
The announcement of a $500-million Africa-focused infrastructure fund, a joint venture between Angola’s Fundo Soberano de Angola (FSDEA), the country’s sovereign wealth fund, and the London-based asset management firm Gemcorp Capital, marks a significant inflection point in the financing of African development. This new vehicle, dubbed the Pan-African Infrastructure Fund, is strategically designed to bridge […]
For nearly a quarter of a century, the story of Kenyan sugar was one of survival under a safety net....
The Organisation for Economic Cooperation and Development has finalised a landmark agreement on international corporate taxation, but the deal comes...
Nigeria has reaffirmed its commitment to strengthening its strategic bilateral trade and economic partnership with the People's Republic of China,...
President William Ruto has announced that shares of the Kenya Pipeline Company (KPC) will begin trading on the Nairobi Securities...
