The dynamic financial services industry in East Africa is witnessing a notable strategic move as Access Bank Kenya, a key player in the region, announces a fresh capital injection of US$15 million. This significant funding originates from its parent company, Access Bank Plc, a Nigerian multinational banking giant, and forms an integral part of a […]
Yinson Production, a prominent name in the provision of Floating Production, Storage, and Offloading (FPSO) vessels, has officially concluded its US$1 billion investment deal with a distinguished international consortium. This consortium includes a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA), one of the world’s largest sovereign wealth funds; funds managed by British Columbia […]
The global push for clean energy has found a significant new champion in Egypt, with the announcement of a landmark US$479.1 million loan for the nation’s first integrated solar and battery storage plant. This ambitious project, spearheaded by Obelisk Solar Power SAE, a special purpose vehicle (SPV) incorporated in Egypt and wholly owned by Norwegian […]
In a landmark announcement poised to redefine Kenya’s healthcare and industrial landscape, President William Ruto has unveiled plans to establish a monumental KSh 150 billion (approximately $1.15 billion USD) pharmaceutical manufacturing hub in Murang’a County. This ambitious project, earmarked for land generously ceded by Del Monte, is a cornerstone of the government’s aggressive industrialization agenda, […]
Abu Dhabi National Oil Company (ADNOC), through its burgeoning investment vehicle XRG, has launched a formidable $18.7 billion all-cash proposal to acquire Australia’s second-largest gas producer, Santos. This audacious move, backed by a powerful consortium including Abu Dhabi Development Holding Company (ADQ) and global private equity giant Carlyle, signals a profound push by the UAE […]
In a pivotal moment for South Africa’s burgeoning green hydrogen economy, the Hive Hydrogen Coega initiative, poised to become the nation’s first large-scale green ammonia project, has successfully secured an initial investment of up to $20 million (approximately EUR 17.3 million) from the SA-H2 Fund. This landmark funding commitment marks a crucial stride in the […]
Kenya’s financial markets are experiencing a significant shift, with Treasury Bill (T-bill) yields plummeting to their lowest levels since June 2022. This sharp decline follows a recent, impactful interest rate cut by the Central Bank of Kenya (CBK), a move designed to stimulate economic activity and ease the cost of borrowing. As short-term returns dwindle, […]
In a significant move poised to reshape the pharmaceutical supply chain across two burgeoning continents, global logistics powerhouse DHL Group has unveiled plans to inject an impressive €500 million ($575 million) into healthcare infrastructure across Africa and the Middle East over the next five years. This substantial investment underscores a strategic pivot towards high-growth emerging […]
In a move set to bolster Angola’s economic future and solidify its position as a leading African oil producer, a formidable consortium led by American multinational energy giant ExxonMobil has officially signed a production sharing contract (PSC) extension for Block 17, one of Angola’s most prolific and strategically important offshore assets. This critical agreement, involving […]
In a significant move set to redefine its economic trajectory, Kenya is forging a deeper, more transformative partnership with the European Bank for Reconstruction and Development (EBRD). This burgeoning alliance, underscored by Kenya’s pursuit of full EBRD membership and recipient country status, embodies a powerful collective commitment to unleash the full potential of Micro, Small, […]
A historic moment in East African energy cooperation unfolded this week as Ethiopia commenced its first-ever electricity exports to Tanzania,...
The United States Senate is currently embroiled in a high-stakes, marathon voting session on a sweeping budget bill, colloquially dubbed...
In a landmark moment for Burundi's energy future, President Evariste Ndayishimiye this week inaugurated the Jiji hydroelectric plant, a crucial...
The financial landscape in Kenya has seen a notable development with the Central Bank of Kenya (CBK) announcing the cancellation...
