CapitaLand Investment Limited (CLI), a global leader in real asset management, has unveiled plans to significantly accelerate its geographical diversification, focusing on key markets across Asia-Pacific, Europe, and the United States. The company aims to double its funds under management (FUM) to S$200 billion and more than double its operating earnings to over S$1 billion […]
Payaza, one of Africa’s leading payment gateway providers, has achieved a remarkable milestone by securing an investment-grade rating from the Global Credit Rating (GCR) agency, an affiliate of Moody’s. This recognition marks a significant step for the African fintech ecosystem, highlighting the company’s financial robustness and potential to transform the region’s digital payment landscape. The […]
Exporters and business professionals in Kenya are being encouraged to fully exploit the opportunities presented by the newly formalized Kenya-European Union Economic Partnership Agreement (EPA). This landmark trade deal is expected to significantly enhance Kenya’s trade and investment ties with the European Union (EU), foster economic diversification, boost competitiveness, and attract substantial investments. Strengthening Trade […]
US chip making giant Nvidia has shattered Wall Street’s expectations once again, reporting record-breaking quarterly sales of $35.1 billion, driven by insatiable demand for its AI hardware. The stellar performance, which also yielded a profit of $19 billion, underscores Nvidia’s dominant position in the artificial intelligence (AI) revolution sweeping industries worldwide. “The age of AI […]
Adtopia, South Africa’s premier advertising network for community TV stations, has taken a giant leap forward by forging a strategic partnership with three prominent DStv channels: Ignition, Home Channel, and Business Day TV. The move brings Adtopia’s total network reach to a remarkable 13 million viewers, as per the latest TAMS ratings (September-October 2024), cementing […]
The Central Bank of Kenya’s (CBK) DhowCSD platform has been recognized globally by winning the Payments and Market Infrastructure Initiative Award from Central Banking, an authoritative journal on central banking policies and practices. This accolade highlights the significant strides Kenya has made in democratizing access to government securities trading and modernizing its financial market infrastructure. […]
Adani Group Plunges Amid Allegations of Bribery and Fraud The Adani Group, one of India’s largest conglomerates, witnessed a dramatic $28 billion erosion in market value during Thursday’s morning trade following serious charges from U.S. prosecutors. The allegations, centered around bribery and fraud schemes, have led to a ripple effect across the group’s 10 listed […]
Orange Egypt is at the forefront of Egypt’s digital transformation journey, as showcased at the Cairo ICT 2024 Exhibition and Conference. As an official sponsor of the 28th edition of this prestigious event, Orange Egypt is presenting its groundbreaking innovations in advanced technology fields, including 5G networks, artificial intelligence (AI), smart city solutions, and cutting-edge […]
The Standard Gauge Railway (SGR), Kenya’s flagship rail infrastructure project, has reported a significant decline in passenger numbers and revenue according to the latest report by the Kenya National Bureau of Statistics (KNBS). The Leading Economic Indicators report, released on November 15, 2024, highlighted that passenger volumes on the SGR fell by 105,782 in September, […]
BlackRock, the global investment management giant, has announced the successful conversion of the BlackRock International Dividend Fund into an active ETF, unveiling the BlackRock International Dividend ETF (NYSE: BIDD). This landmark move represents BlackRock’s inaugural foray into converting an active mutual fund into an active ETF, underscoring the increasing demand among U.S. investors for the […]
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...
