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 […]
In a historic move to position itself as a key player in global climate initiatives, Indonesia has officially opened its carbon exchange to international buyers. The launch marks a significant expansion of the country’s existing carbon market, which was introduced in September 2023 for domestic participants. This development is a vital step toward achieving Indonesia’s […]
In a groundbreaking collaboration, the African Development Bank (AfDB) and PowerGen Renewable Energy have joined forces with prominent international investors to launch a scalable renewable energy platform in Africa. The initiative aims to deploy 120 megawatts (MW) of renewable power across underserved regions in Africa, integrating advanced battery energy storage solutions. This platform seeks to […]
For the first time in two weeks, Treasury bills in Kenya faced an underwhelming reception in the auction market, marking a stark contrast to the oversubscription rates recorded in previous weeks. The Central Bank of Kenya (CBK) raised KSh 18.9 billion against a target of KSh 24 billion, resulting in an undersubscription rate of 78.6%. […]
New insights into the rapidly growing Sustainable Aviation Fuel (SAF) industry highlight a record-breaking global investment of £14.7 billion (€17.4 billion), marking a critical step toward decarbonizing the aviation sector. The analysis, titled The Sustainable Aviation Fuel: Global Investment Analysis, was developed by Innovate UK Business Connect to examine the sources of private investment, national […]
PowerGen Renewable Energy (PowerGen), a pioneer in decentralized renewable energy solutions, has unveiled a transformative partnership with leading international investors to create a scalable renewable energy platform. This ambitious project aims to deploy 120 MW of renewable energy, integrated with advanced battery storage systems, across underserved regions in Africa. Initial focus areas include Nigeria, Sierra […]
The World Chambers Federation (WCF), in collaboration with the Kenya National Chamber of Commerce and Industry (KNCCI), will host the first-ever Africa Summit from April 9 to 11, 2025. This landmark event, set to take place at the Kenyatta International Convention Centre (KICC) in Nairobi, is poised to redefine Africa’s role in global trade and […]
The global sukuk market is gearing up for a significant expansion in 2025, with total issuances projected to reach between $190 billion and $200 billion. This expected growth underscores the resilience of Islamic finance and highlights the strategic role of the Gulf Cooperation Council (GCC) region in driving the sukuk market forward. The rising interest […]
The 10th of Ramadan Investors Association, a leading body representing key industrial stakeholders in Egypt, has initiated a strategic dialogue with the Commercial International Bank (CIB) to explore opportunities for enhancing Egyptian exports to African markets. The discussions aim to leverage CIB’s financial expertise and expansive African footprint to unlock new trade opportunities and strengthen […]
The financial stability of Kenya, a key economic hub in East Africa, has come under scrutiny as the nation's foreign...
In a significant revision to its economic outlook, J.P. Morgan now expects the U.S. Federal Reserve to cut interest rates...
In a landmark development for its economy, Nigeria's crude oil production has officially crossed the 1.8 million barrels per day...
In a major development for Nairobi's urban landscape, the European Investment Bank (EIB), through its specialized development arm, EIB Global,...
