The Africa Investment Forum 2024 Market Days marked a pivotal moment in the deepening relationship between Japan and Africa. Held from December 8 to 10, the event brought together leaders, investors, and innovators to discuss strategies for driving Africa’s agricultural and energy transformation. Central to the discussions was the role of Japanese technology and innovation, […]
Tanzania’s Amsons Group has taken a significant step in its quest to acquire Kenya’s leading cement manufacturer, Bamburi Cement, by completing the first phase of the KSh 23.6 billion buyout deal. This milestone acquisition saw Amsons purchase 137.1 million shares at KSh 65 per unit in a block trade on the Nairobi Securities Exchange (NSE), […]
President-elect Donald Trump’s recent election victory has generated a surge of confidence among global CEOs and investors about the global economy’s future. A comprehensive survey conducted by Teneo, a leading global CEO advisory firm, reveals that 77% of global CEOs and 86% of institutional investors anticipate improvements in the global economy during the first half […]
Jaiz Bank, one of Nigeria’s leading non-interest financial institutions, has successfully raised N10.04 billion ($6.4 million) through its private placement on the Nigerian Exchange Group (NGX). This significant achievement underscores the bank’s proactive approach to meeting the Central Bank of Nigeria’s (CBN) revised capital requirements well ahead of the June 2026 deadline. The private placement […]
In a decisive move to protect one of Nairobi’s most cherished green spaces, Environment Cabinet Secretary Aden Duale has ordered the revocation of licenses granted to a private developer planning to construct a golf range and restaurant within the Ngong Road Forest. The licenses in question, issued by the Kenya Forest Service (KFS) and the […]
In a historic step toward addressing vaccine inequities and improving public health in Africa, global financial powerhouses have pledged a joint investment of $45 million to bolster local vaccine production capabilities. The U.S. International Development Finance Corporation (DFC), the African Development Bank (AfDB), and the International Finance Corporation (IFC) have collaborated to fund VaxSen, a […]
Ethiopia has taken a historic step by partially opening its banking sector to foreign investors. This development, marked by a parliamentary vote on Tuesday, is being hailed as a transformative move aimed at revitalizing the country’s economy, which has faced significant challenges in recent years. According to FanaBC, a government-affiliated media outlet, the new banking […]
The Central Bank of Kenya (CBK) has announced the re-opening of two fixed-coupon Treasury bonds, targeting the collection of KSh 30 billion to support government budgetary obligations. These bonds, FXD1/2018/15 and FXD1/2022/25, present long-term investment opportunities with maturities of 15 and 25 years, respectively. This latest move aligns with Kenya’s broader strategy to finance its […]
In a landmark move set to redefine the consulting industry’s trajectory, Sia Partners, a global management and artificial intelligence (AI) consulting firm, has secured a minority investment of up to €250 million from funds managed by Blackstone, the world’s largest alternative asset manager. This collaboration represents a significant milestone for Sia Partners as it enters […]
Brazilian fintech giant Nubank, renowned as the world’s largest digital bank by market value, has announced a $150 million investment in Tyme Group, a South African digital banking pioneer. This move positions Tyme as one of Africa’s exclusive “unicorns,” with a valuation surpassing $1.5 billion. Alongside the investment from UK fund manager M&G, this development […]
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,...
