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 […]
Africa is set to unveil its most ambitious aviation infrastructure project yet: a new mega-airport near Bishoftu, Ethiopia, 25 miles from the bustling capital city of Addis Ababa. Costing an estimated £5 billion, this facility will not only become the largest airport on the continent but also one of the busiest globally, with projections of […]
The Capital Markets Authority (CMA) of Kenya has announced the approval of six new investment funds, marking a significant milestone in expanding financial opportunities for investors. This strategic move reflects the CMA’s commitment to diversifying investment options and catering to a range of risk appetites, from conservative to high-risk profiles. The approvals include two high-yield […]
Emirates NBD, the second-largest lender in the UAE, has successfully issued a $500 million sustainability-linked loan (SLL) bond as part of its commitment to aligning financial growth with sustainable development goals. The five-year bond, with initial price thoughts (IPTs) set at Treasuries +125 basis points (bps) area, reflects growing investor appetite for ESG-compliant financial instruments. […]
South Africa’s commitment to transitioning toward a low-emissions economy has received a significant boost with the conclusion of negotiations for a R7.6 billion ($423 million) loan from the Agence Française de Développement (AFD). The funding, part of the country’s Just Energy Transition Plan (JETP), will address the social and economic challenges of moving away from […]
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,...
