Global footwear leader Skechers revealed on May 5, 2025, that it has struck a definitive agreement to be acquired by renowned private equity firm 3G Capital in a transaction valued at roughly $9 billion. Under the terms of the deal, 3G Capital will pay $63 per share in cash, representing a premium of nearly 28 percent over […]
Global logistics leader DP World has kicked off a $165 million expansion of its container terminal at the Port of Maputo, Mozambique’s bustling gateway to southern Africa. Unveiled on May 5, 2025, the project will double the terminal’s handling capacity—boosting throughput from 255,000 TEUs to 530,000 TEUs—while deepening the berth to 16 meters and extending the quay to 650 meters. […]
In a move set to reshape the region’s real estate landscape, Centum Real Estate (Centum Re) and KCB Bank have signed a strategic partnership to deliver more than 10,000 housing units across East Africa. Announced on May 5, the deal brings together one of the region’s leading property developers and a banking group with deep […]
In a bold move that could redefine its economic future, the Maldives has announced plans to construct a $9 billion crypto and blockchain hub in its capital, Malé. This ambitious development, known as the Maldives International Financial Centre, marks a pivotal shift for the South Asian island nation as it seeks to move beyond its […]
In a major boost to Africa’s fast-growing fintech ecosystem, Cairo-based Money Fellows has secured $13 million in strategic funding to further its mission of expanding financial inclusion across the continent. The round brings the company’s total raised capital to over $60 million and marks a significant milestone in its journey to digitize the traditional practice […]
In late April 2025, Kenyan President William Ruto embarked on a highly anticipated state visit to China. The trip came at a time when many had speculated that it would focus on securing further loans for Kenya’s infrastructure development. However, President Ruto sought to dispel such notions during his remarks at the Cooperative University on […]
In a significant move that reflects the growing appeal of Saudi Arabia as a financial hub, Bank of New York Mellon (BNY Mellon) has announced that it has secured a licence to establish a regional headquarters in the kingdom. The approval marks a notable milestone as global financial institutions continue to enhance their presence in […]
Dubai International Chamber, a prominent member of Dubai Chambers, has taken a bold step to enhance its economic ties with South Africa by inaugurating a new representative office in Cape Town. This move is part of the chamber’s broader strategic initiative, the ‘Dubai Global’ program, which aims to foster deeper business and economic cooperation between […]
Hewani Energy has unveiled plans to inject USD 250 million (approximately Ksh 33 billion) into the Meru Wind-Solar Energy Project in Kandebene Sub-Location, Tigania West Constituency. Slated for completion within three years, the hybrid facility will generate 220 megawatts of clean electricity—enough to power more than 400,000 homes—and marks one of Kenya’s largest rural renewables […]
In a clear signal of investor confidence in nature-based climate solutions, Brazilian reforestation specialist Mombak announced today that it has secured $30 million in a Series A financing led by Union Square Ventures (USV). This landmark funding round, which includes participation from returning backers Kaszek and Bain Capital as well as newcomers Lower carbon Capital […]
The Government of Germany, in partnership with the Government of Kenya and the United Nations High Commissioner for Refugees (UNHCR),...
The United Arab Emirates is positioning itself for another year of impressive economic expansion, with government projections indicating that the...
The Republic of South Africa has officially acceded to the Establishment Agreement of the African Export-Import Bank (Afreximbank), marking a...
The Nairobi Securities Exchange has entered uncharted territory as Safaricom's newly launched Ziidi Trader platform triggers unprecedented retail participation, fundamentally...
