Abu Dhabi Finance Week Sets the StageBlackRock, the world’s largest asset manager with $11.48 trillion in assets under management, is intensifying its focus on the Middle East. The firm announced plans to act as a cornerstone investor in regional IPOs during the Abu Dhabi Finance Week, further solidifying its presence in the Gulf Cooperation Council […]
A Strategic Partnership to Empower African GrowthThe African Development Bank Group (AfDB) and Italy’s Cassa Depositi e Prestiti (CDP) solidified a partnership to foster sustainable development in Africa. Through the establishment of the Growth and Resilience Platform for Africa (GRAf), the agreement aims to channel investments into critical areas such as food security, small and […]
The Black Founders Fund (BFF) Alumni Summit, held on November 27, 2024, at iHub in Nairobi, showcased the profound achievements of Black-led startups across Africa through its annual BFF Impact Report. The report celebrated the strides made by these startups, highlighting $379 million in funding raised, the creation of 6,000 new jobs, and an impressive […]
Indian Prime Minister Narendra Modi inaugurated the Rising Rajasthan Global Investment Summit 2024, emphasizing the state’s pivotal role in India’s evolving economic landscape. The summit, which runs from December 9 to 11 in Jaipur, has been designed to attract investments across multiple industries, including renewable energy, electric vehicles, and tourism, while showcasing Rajasthan’s inherent strengths. […]
The African Development Bank Group (AfDB), in collaboration with the Development Bank of Southern Africa (DBSA) and institutional investors such as Academy Securities, Africa50, and Newmarket, has announced the launch of a $2 billion synthetic securitization initiative. This groundbreaking effort aims to unlock critical capital to advance Africa’s development priorities, focusing on areas like climate […]
Kenyan Savings and Credit Cooperative Organizations (SACCOs) have emerged as a critical financial lifeline for borrowers in the face of persistently high interest rates from commercial banks. Despite three consecutive reductions in the Central Bank Rate (CBR) by the Central Bank of Kenya (CBK) to the current 11.25%, commercial banks have been slow to reduce […]
Goldman Sachs Exits the Net-Zero Banking Alliance (NZBA)Goldman Sachs, one of the world’s leading investment banks, has formally announced its withdrawal from the Net-Zero Banking Alliance (NZBA). This high-profile departure reflects growing tensions between ambitious global climate commitments and the realities of increasingly complex regulatory landscapes. As a founding member of NZBA, Goldman Sachs had […]
Prescient Investment Management has taken a significant step in enhancing the Johannesburg Stock Exchange’s (JSE) offerings with the listing of its Prescient Global Income Provider Feeder Actively Managed Exchange-Traded Fund (AMETF). This latest addition underscores the growing interest in exchange-traded funds (ETFs) within South Africa, particularly in the fixed-income sector. The AMETF, trading under the […]
The Kenyan government has announced plans to issue a Sh500 billion diaspora bond to finance the modernization of Jomo Kenyatta International Airport (JKIA) and other key infrastructure projects. This decision comes after the cancellation of a controversial deal with India’s Adani Group, which had initially been tapped for the airport’s redevelopment. A Strategic Shift in […]
The Reserve Bank of India (RBI), in its December 6, 2024, Monetary Policy Committee (MPC) meeting, opted to hold its key interest rate steady at 6.50% for the eleventh consecutive session. However, it introduced a pivotal measure by reducing the cash reserve ratio (CRR) by 50 basis points to 4%. This phased reduction, taking effect […]
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,...
