In a strategic move to bolster the reliability and reach of electricity in Western Kenya, the Kenya Power and Lighting Company PLC (Kenya Power) has committed nearly KSh.1 billion towards the expansion and modernization of the region’s electrical infrastructure. This substantial investment underscores the company’s dedication to supporting both domestic and industrial consumers across 11 […]
In a significant move reflecting the evolving dynamics of global finance and environmental commitments, Australia’s Macquarie Group announced its departure from the Net Zero Banking Alliance (NZBA) on Tuesday. This decision aligns Macquarie with several major U.S. banks that have recently withdrawn from the UN-backed coalition dedicated to achieving net-zero greenhouse gas emissions by 2050. […]
In a significant boost to South Africa’s economic landscape, the recent KwaZulu-Natal Investment Conference held in Durban witnessed a remarkable commitment from both multinational and local businesses. Sixteen companies pledged a combined investment of R70.8 billion, targeting various sectors including manufacturing, tourism, automotive, logistics, and property development over the next two years. This surge in […]
In a bold move to transform Kenya’s capital markets, the Nairobi Securities Exchange (NSE) has launched an ambitious five-year strategy to attract 9 million active retail investors both domestically and across the Kenyan diaspora. The initiative, which commenced in February 2024, aims to modernize the exchange, improve investor accessibility, and introduce innovative financial products to […]
In a landmark move that underscores France’s ambitions to be at the forefront of artificial intelligence (AI) development, President Emmanuel Macron has announced a record-breaking €109 billion ($113 billion) investment in AI projects. This announcement comes just ahead of the AI Action Summit in Paris, a crucial gathering of global leaders aimed at shaping the […]
In a significant boost to Africa’s growing startup ecosystem, early-stage Pan-African venture capital firm P1 Ventures has successfully closed a $50 million institutional fund to accelerate investments in tech-driven businesses across the continent. Unlike traditional venture capital (VC) firms, P1 Ventures aims to disrupt conventional investment models, focusing on high-growth companies that are “built in […]
In a groundbreaking move set to transform Kenya’s transportation infrastructure, American asset management firm Everstrong Capital has partnered with CPF Capital & Advisory Ltd. to raise $1 billion (KSh 129 billion) for the ambitious Usahihi Nairobi-Mombasa Expressway project. This initiative marks a significant shift in Kenya’s approach to financing large-scale infrastructure developments, emphasizing local investment […]
The United Arab Emirates (UAE) is witnessing a significant expansion in its debt capital markets (DCM), with projections indicating a surge to $400 billion in the coming years. This rapid growth is driven by a combination of funding diversification, upcoming debt maturities, infrastructure financing, regulatory reforms, and the evolution of the Dirham Monetary Framework. According […]
In a significant move poised to accelerate blockchain development across the African continent, Israeli blockchain infrastructure company StarkWare has unveiled a $4 million venture fund dedicated to supporting early-stage African startups. This initiative underscores StarkWare’s commitment to harnessing the transformative potential of blockchain technology in regions historically underserved by traditional financial systems. The venture fund […]
The Central Bank of Kenya (CBK) has rejected a new bond trading platform proposed by commercial banks, known as the East African Bond Exchange (EABX), in favor of introducing market makers to stabilize the government securities market. The rejection has sparked discussions between CBK, the National Treasury, and financial regulators on how best to enhance […]
The Kenya Revenue Authority (KRA) has recorded a stunning 256.7 % increase in tax collections at Kisumu Port for the...
In a dramatic turn of events at the Asia‑Pacific Economic Cooperation (APEC) summit in Busan, South Korea, U.S. President Donald...
South Africa’s long-running conversation about preparing young people for the digital economy has moved decisively from pilots to national scale....
The dynamics of equity trading at the Nairobi Securities Exchange (NSE) are undergoing a significant transformation. Foreign investor activity has...
