China’s ambitious global infrastructure and investment initiative, the Belt and Road Initiative (BRI), has achieved an unprecedented milestone in the first half of 2025. New data reveals that total engagement has skyrocketed to an astounding USD 124 billion, marking the highest level ever recorded for a six-month period since the initiative’s inception. This surge signals […]
In a move set to ignite both economic hopes and fierce environmental debate, global energy giant Shell has announced it has been granted crucial environmental authorization to proceed with drilling up to five deep-water wells off South Africa’s pristine west coast. This decision marks a pivotal moment for the nation’s energy future, potentially ushering in […]
In a bold strategic move set to redefine its operational footprint and bolster East Africa’s clean energy landscape, Kenya Electricity Generating Company (KenGen), the nation’s leading power producer, has officially ventured into the manufacturing of solar power kits. This ambitious initiative, greenlit by the Public-Private Partnership (PPP) Directorate last month, marks a significant pivot for […]
In a significant development poised to reshape the landscape of artificial intelligence and data analytics, Mumbai and New York-headquartered AI analytics firm Fractal Analytics has successfully concluded a substantial secondary funding round, raising $170 million (approximately Rs 1,461 crore). This latest capital infusion values the company at an impressive $2.44 billion (Rs 20,978 crore), marking […]
In a significant boost for Zambia’s burgeoning private sector, a powerful consortium comprising British International Investment (BII), Zambia’s National Pension Scheme Authority (NAPSA), and Swedfund today officially announced the launch of Growth Investment Partners Zambia (GIP Zambia). This innovative investment company is poised to become a cornerstone of long-term economic development, specifically designed to inject […]
In a significant stride towards fortifying its position as a regional financial powerhouse, Kenya’s Capital Markets Authority (CMA) has announced a wave of approvals for the establishment of new collective investment schemes (CIS) and sub-funds. This strategic move, detailed in a statement released by the CMA today, is poised to inject fresh dynamism into Kenya’s […]
In a significant testament to India’s burgeoning economic prowess and robust capital markets, the National Stock Exchange of India (NSE) has cemented its position as a global leader in initial public offering (IPO) fundraising. According to the latest report from S&P Global Market Intelligence, the NSE secured the fourth spot worldwide in the first half […]
After years of uncertainty and a forced halt due to a brutal insurgency, the highly anticipated $20 billion liquefied natural gas (LNG) project in Mozambique, led by French energy giant TotalEnergies, is on the cusp of a restart. Mozambique’s Minister of Mineral Resources and Energy, Estevao Pale, confirmed on Monday that the government has successfully […]
In a perplexing turn of events that has captivated investors on the Nairobi Securities Exchange (NSE), Kapchorua Tea Kenya Plc shares surged to an unprecedented all-time intraday high of KSh 332 on July 11, 2025, before settling at KSh 321.50, marking a robust 6.46% gain for the day. This remarkable rally is not an isolated […]
The United Kingdom has today unveiled a landmark commitment to its automotive sector, launching the ambitious DRIVE35 programme. This initiative, backed by a substantial £2.5 billion investment over the next decade, is set to solidify the UK’s position at the forefront of zero-emission vehicle (ZEV) development, foster innovation, and secure thousands of high-value jobs across […]
The Government of Germany, in partnership with the Government of Kenya and the United Nations High Commissioner for Refugees (UNHCR),...
The United Arab Emirates is positioning itself for another year of impressive economic expansion, with government projections indicating that the...
The Republic of South Africa has officially acceded to the Establishment Agreement of the African Export-Import Bank (Afreximbank), marking a...
The Nairobi Securities Exchange has entered uncharted territory as Safaricom's newly launched Ziidi Trader platform triggers unprecedented retail participation, fundamentally...
