Kenya has marked a historic milestone in its economic landscape by hosting its first-ever Mining Investment Conference and Exhibition in 2024. The two-day event, held in Nairobi, brought together a diverse range of stakeholders, including policymakers, investors, artisanal miners, NGOs, and equipment dealers, signaling the country’s commitment to positioning itself as a premier mining investment […]
In a significant move to curb fraudulent activities, the U.S. Securities and Exchange Commission (SEC) has expanded its Public Alert: Unregistered Soliciting Entities (PAUSE) list, adding 20 new firms accused of deceptive practices, impersonations, and misrepresentation. The additions include 14 entities accused of misleading tactics, two firms impersonating legitimate companies, and four posing as fake […]
A Premier Gathering for the Future of African Hospitality The Africa Hospitality Investment Forum (AHIF), Africa’s leading conference on tourism and hospitality investment, is set to host its 13th edition in Cape Town, South Africa, from June 17-19, 2025. This marks the first time Cape Town will host AHIF, reinforcing its reputation as a key […]
Kenya’s Capital Markets Authority (CMA) has approved Safaricom’s second money market product, Ziidi. This new product, set to launch next week, is being developed in partnership with Standard Investment Bank, ALA Capital Limited, and Sanlam Investments East Africa Limited. Ziidi aims to address Kenya’s growing appetite for accessible digital investments, leveraging Safaricom’s extensive mobile network […]
Saudi Arabia has approved its state budget for 2025, projecting a fiscal deficit of 101 billion riyals ($26.88 billion), equivalent to approximately 2.3% of its gross domestic product (GDP). Despite the deficit, the kingdom remains committed to massive spending on its Vision 2030 gigaprojects aimed at diversifying its economy away from oil reliance. Key Highlights […]
Cassava Technologies eFinance Investment Group have signed a groundbreaking agreement to explore and identify opportunities for collaboration and joint expansion across Africa. The signing ceremony was a highlight of the 28th Cairo ICT Exhibition and Conference, held under the auspices of President Abdel Fattah El-Sisi. This strategic partnership aims to foster innovation, boost digital transformation, […]
Standard Chartered Bank Kenya has reported a remarkable performance for the nine months ending September 2024, posting a net profit of KSh 15.8 billion, a 63% increase compared to KSh 9.7 billion in the same period last year. The robust growth reflects a strong performance across various income streams and a strategic focus on operational […]
The Adani Group, one of India’s largest conglomerates, faces mounting challenges as the fallout from U.S. bribery allegations deepens. Ratings agency Fitch has placed several of the group’s bonds on a negative watch, and Sri Lanka has announced a review of the group’s projects in the country. The developments come after U.S. prosecutors charged billionaire […]
Breega, a venture capital firm renowned for its early-stage funds in Europe, has turned its focus to Africa with the launch of a $75 million fund dedicated to supporting African startups. Having secured $52 million in commitments so far, the firm expects the final close by the end of 2024. This marks a significant expansion […]
Adani Energy Solutions (AES), a prominent player in the Indian energy and infrastructure sector, announced that Kenya’s recent decision to cancel a $736 million transmission line project would have no material impact on the company’s operations. This clarification followed media reports and inquiries from the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) […]
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...
