The Central Bank of Kenya (CBK) has rejected a new bond trading platform proposed by commercial banks, known as the East African Bond Exchange (EABX), in favor of introducing market makers to stabilize the government securities market. The rejection has sparked discussions between CBK, the National Treasury, and financial regulators on how best to enhance […]
In a bold strategic move to expand its presence in the world’s largest automotive market, Toyota Motor Corporation has announced plans to build a new wholly-owned electric vehicle (EV) manufacturing plant in Shanghai. The facility, located in Jinshan District in southwest Shanghai, is set to begin production in 2027, focusing on a new battery electric […]
In a major push to close Africa’s energy access gap, a coalition of multilateral lenders and global development finance institutions has pledged over $50 billion towards the Mission300 project. The initiative, led by the African Development Bank (AfDB) and the World Bank, aims to connect at least 300 million Africans to electricity by 2030, effectively […]
In a strategic move poised to redefine Kenya’s financial landscape, Safaricom and the Kenya Bankers Association (KBA) have jointly proposed the adoption of Pesalink as the nation’s next-generation fast payment system (FPS). This collaborative initiative aims to streamline digital transactions across the country by leveraging existing infrastructure, thereby promoting efficiency and cost-effectiveness. The Proposal: Leveraging […]
CapitaLand Investment Limited (CLI), a leading global real asset manager, has announced its latest expansion into the fast-growing data centre market with the acquisition of a freehold land parcel in Osaka, Japan. This move marks CLI’s first data centre development in the country and represents a substantial investment of over US$700 million (S$944.3 million). As […]
The African private capital market witnessed remarkable growth in 2024, with disclosed deal values reaching a staggering $10.1 billion, marking a significant increase from the $6.7 billion recorded in 2023. According to the 2024 Private Capital in Africa Activity Report by Stears, this surge came despite a lower disclosure rate of 46 percent compared to […]
Standard Chartered and Kenya Airways (KQ) have announced a strategic partnership that is set to redefine travel experiences for their customers. The collaboration, officially signed at Standard Chartered’s Head Office, aims to bring exclusive travel benefits, discounts, rewards, and enhanced experiences to Standard Chartered’s affluent banking clients and members of Kenya Airways’ Asante Rewards program. […]
Indonesia’s state-owned electricity company, PT PLN (Persero), has officially entered the international carbon trade, marking a significant milestone in the country’s ongoing efforts to combat climate change and attract foreign investment. This move positions PLN as the first Indonesian company to actively participate in the global carbon market, reinforcing its commitment to environmental sustainability and […]
The Federal Government of Nigeria has successfully secured a $1.1 billion loan from the African Development Bank (AfDB) to enhance electricity access across the country, aiming to provide power to at least 5 million people by the end of 2026. This financial agreement represents a significant step toward addressing Nigeria’s persistent energy deficit and advancing […]
In a significant move, the Kenyan government has terminated a high-profile project aimed at bolstering security at its entry points through an advanced electronic visitor tracking system. This decision comes amidst a backdrop of international scrutiny and domestic concerns regarding the project’s transparency and the integrity of its primary contractor, the Adani Group. Project Overview […]
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...
