The Federal Government of Nigeria has successfully raised $2.2 billion through Eurobonds, a strategic move to finance the 2024 fiscal deficit and support its broader budgetary objectives. These funds, split between $700 million in 6.5-year bonds maturing in 2031 and $1.5 billion in 10-year bonds maturing in 2034, were issued at competitive yields of 9.625% […]
In a significant milestone for Kenya’s economic development, the Kenya Private Sector Alliance (KEPSA) has officially signed a landmark Memorandum of Understanding (MoU) with Kenya’s six Regional Economic Blocs. This partnership aims to accelerate inclusive development across counties, driving economic growth, job creation, and private sector investment. The signing took place in Voi, Taita Taveta […]
The Qatar Central Bank (QCB) has officially introduced a groundbreaking Regulatory Framework for Digital Banks, signifying a pivotal moment in the nation’s financial sector. This initiative is a key component of Qatar’s broader ambitions to enhance financial inclusion, foster innovation, and solidify its position as a leader in the global fintech arena. The framework aligns […]
The International Finance Corporation (IFC), a key arm of the World Bank Group, has made a pivotal investment of ZAR 350 million (USD 19.4 million) in Boxer Retail Limited’s Initial Public Offering (IPO) on the Johannesburg Stock Exchange (JSE). This strategic move underscores IFC’s commitment to fostering inclusive growth and supporting the private sector in […]
Overview of Base Titanium’s Operations in Kenya Base Titanium, a Kenyan subsidiary of Australia’s Base Resources, has announced its plans to wind down operations in Kwale County, where it manages the country’s largest mining project. Operating since 2013, the Kwale Mineral Sands Project focuses on extracting ilmenite, rutile, and zircon—critical minerals for industries like ceramics, […]
Angola has strategically pivoted in its diamond sector, replacing Russian giant Alrosa with a subsidiary of Oman’s sovereign wealth fund in the Catoca diamond mining company. This development follows mounting international pressure on Angola to end its association with Alrosa, a partnership that was increasingly untenable following Western sanctions on the Russian firm due to […]
President Joe Biden’s visit to Angola on December 4 marks a pivotal moment in his administration’s commitment to enhancing global infrastructure through sustainable development, with the Lobito Corridor at the heart of this strategy. This ambitious $5 billion project exemplifies the U.S.’s effort to counter China’s Belt and Road Initiative (BRI) by investing in infrastructure […]
Kenya’s Special Economic Zones (SEZs) have emerged as critical engines of economic growth, directly creating over 7,000 jobs and contributing KSh 91 billion to the nation’s Gross Domestic Product (GDP) in the last year. These figures, shared by Juma Mukhwana, Principal Secretary for the State Department of Industry, highlight the transformative potential of SEZs in […]
The Ministry of Investment in Jordan has announced an ambitious plan to attract JD1.25 billion ($1.76 billion) in investments in 2025, reflecting a 19% increase from the projected JD1.05 billion by the end of 2024. These objectives are outlined in the draft General Budget Law for the coming year. Central to these efforts is the […]
International cocoa buyers have injected over half a billion dollars in upfront payments into Ghana’s state marketing board, Cocobod, to secure cocoa supplies and mitigate further financial challenges. This shift marks a pivotal moment in Ghana’s cocoa marketing system, following the abandonment of traditional syndicated bank loans in favor of private sector-led financing. The decision […]
In a significant diplomatic stride, the Republic of Cyprus has officially inaugurated its embassy in Nairobi, marking a pivotal moment...
The Syrian economy, devastated by over a decade of conflict, stands at a critical juncture. On Monday, the World Bank...
The world's youngest nation, South Sudan, is once again at a critical economic crossroads, facing a severe financial crisis that...
In a vibrant display of its growing economic prowess and innovation, Kenyan startups have collectively raised a remarkable Sh17 billion...
