The halls of Telkom Kenya, once a symbol of national telecommunications prowess, are now echoing with the growing frustration of its workforce. Employees of the state-owned telco are increasingly vocal, pushing for an urgent state bailout as hopes for a strategic investor dwindle. This plea comes after years of unfulfilled promises and failed attempts by […]
Digital payments behemoth PhonePe has officially set its sights on the public markets, initiating its much-anticipated Initial Public Offering (IPO) journey. The move marks a significant milestone for the company, poised to become one of India’s most prominent tech listings in recent memory. Sources close to the development revealed to CNBC-TV18 on Monday evening that […]
In a landmark move poised to reshape Africa’s economic and environmental landscape, the Nigerian Sovereign Investment Authority (NSIA) has officially launched an ambitious pan-African investment platform. This groundbreaking initiative aims to mobilize a staggering $50 billion in blended finance by 2030, specifically targeting critical sectors such as infrastructure, agriculture, and climate-resilient projects across the continent. […]
In a pivotal development poised to redefine the landscape of vehicle transactions across East Africa, Peach Cars, a Nairobi-based used car marketplace, has successfully raised US$11 million in Series A funding. This significant capital injection is set to accelerate the company’s ambitious efforts to digitize and formalize the often-fragmented and opaque used car market in […]
In a landscape increasingly defined by shifting geopolitical alliances, persistent economic headwinds, and the relentless march of technological innovation, the latest World Investment Report from the United Nations Conference on Trade and Development (UNCTAD) paints a nuanced, somewhat paradoxical picture of global foreign direct investment (FDI). While the headline figure suggests a modest 4% overall […]
In a significant stride towards fostering sustainable development and accelerating regional integration across Africa, the Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, today announced that the Republic of Angola has become its latest sovereign shareholder. This pivotal equity investment not only deepens an already robust partnership but also serves as a resounding […]
Luno, a global cryptocurrency investment platform with deep roots in Africa, has officially announced its re-entry into the dynamic Kenyan market. This strategic move, confirmed on June 23, 2025, comes several years after its initial presence, marking a significant step in the platform’s commitment to empowering financial inclusion and innovation across the continent. The relaunch […]
In a significant boost to India’s burgeoning aviation sector, Adani Airports Holdings Ltd. (AAHL) has successfully secured a substantial $1 billion in financing for the expansion and modernization of Mumbai International Airport Ltd. (MIAL), also known as the Chhatrapati Shivaji Maharaj International Airport (CSMIA). This landmark deal, announced on Tuesday, June 24, 2025, underscores the […]
In a significant move set to accelerate critical infrastructure development across Africa, the Africa Finance Corporation (AFC), a leading pan-African multilateral development financial institution, has successfully secured a EUR 250 million 10-year term loan from Cassa Depositi e Prestiti (CDP), Italy’s prominent National Promotional Institution and Financial Institution for Development Cooperation. Announced on June 23, […]
In a move set to significantly reshape Kenya’s financial landscape, the Competition Authority of Kenya (CAK) has officially authorized the proposed merger that will see Gulf African Bank Limited acquired by Soren Investment Company Limited, a Dubai-based entity. This landmark approval, announced in a gazette notice on Friday, June 20, 2025, marks a pivotal moment […]
India’s sustainable finance market reached a significant milestone after Bank of Baroda (BoB) successfully raised ₹10,000 crore through a landmark...
Kenyan electric mobility manufacturer Roam has launched a new digital platform designed to improve how electric vehicles are monitored and...
The escalating conflict involving Iran, the United States and Israel is raising serious concerns about the stability of global energy...
Carlsberg Group has unveiled a refreshed version of its global sustainability strategy, “Brewing Tomorrow,” introducing new climate commitments, expanded environmental...
