The financial turbulence surrounding Genghis Capital, a leading Kenyan investment firm, has escalated as the Capital Markets Authority (CMA) steps in to demand a repayment roadmap. The firm finds itself embroiled in a $2.7 million (KSh 355 million) debt dispute with South African businessman Auswell Mashaba, a conflict that now threatens the company’s operational stability. […]
Global foreign direct investment (FDI) reached an estimated $1.4 trillion in 2024, marking an 11% increase compared to the previous year, according to the United Nations Conference on Trade and Development (UNCTAD). This rebound in FDI was attributed to improved global economic activity, recovery in some key sectors, and the effects of significant multinational transactions […]
Abu Dhabi-listed blockchain conglomerate Phoenix Group has announced its strategic entry into the African market through an 80-megawatt (MW) power purchase agreement (PPA) with Ethiopian Electric Power (EEP). This milestone move signals Phoenix Group’s commitment to global diversification and underscores Africa’s growing potential as a hub for cryptocurrency mining operations. The deal, facilitated in partnership […]
In a landmark achievement, Safaricom’s recently launched Ziidi Money Market Fund (MMF) has amassed Sh2.85 billion in assets under management (AUM) just a month after its introduction. With over 450,000 users already onboarded, the fund underscores the increasing appetite for accessible and efficient financial solutions among Kenyans. What is Ziidi MMF? Ziidi MMF is a […]
In a remarkable display of economic strength, the United States has achieved a record-breaking share of global foreign direct investment (FDI), cementing its position as a magnet for international capital. Recent data highlights the robust momentum of the U.S. economy, which continues to outpace other global powers, including Europe and China. According to data analyzed […]
Nigeria has cemented its position as Africa’s leading destination for upstream oil and gas investment, according to research from market intelligence firm Wood Mackenzie. In 2024, the country accounted for an impressive three out of four Final Investment Decisions (FIDs) announced by global oil and gas majors, reflecting a significant milestone in its efforts to […]
Kenya’s National Treasury announced on Monday that it will discontinue the issuance of the one-year Treasury bill, marking a significant shift in its debt management approach. The decision comes as part of a broader strategy to reduce the country’s reliance on short-term debt and instead prioritize longer-term maturities. The new policy will leave Kenya issuing […]
In the wake of President Donald Trump’s inauguration, Japan’s premier business federation, Keidanren, has called upon the new U.S. administration to cultivate a business climate conducive to mutual investments. Masakazu Tokura, Keidanren’s chairman, emphasized the importance of predictable policies that instill confidence in businesses considering cross-border ventures. This appeal follows a contentious decision by former […]
Moroccan startups wrapped up 2024 on a high note, securing $70 million in funding and further establishing the country as a burgeoning hub of innovation in Africa. The achievements reflect the growing prominence of Morocco within the African startup ecosystem, even as the continent experiences broader funding challenges. Breaking Down the Rankings: Morocco and the […]
Kisumu, one of Kenya’s fastest-growing cities, is set to undergo a major transformation with the launch of the LV Marina, the largest mixed-use development in the country. Spearheaded by GulfCap Real Estate, the ambitious project boasts an estimated total investment of Sh120 billion and aims to redefine urban living in the region over the next […]
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...
