In a clear sign of renewed confidence in North Africa’s financial promise, British banking giant Standard Chartered officially opened its new branch in Casablanca’s burgeoning Casa Anfa business district this week. The formal registration dated April 25 with the Casablanca Commercial Court cements Morocco’s economic capital as the cornerstone of Standard Chartered’s sub-Saharan Africa strategy […]
Kenya has taken a bold and strategic step toward completing its Standard Gauge Railway (SGR) network to the Ugandan border town of Malaba — a move that could redefine the country’s economic geography and shift the narrative on infrastructure financing in East Africa. Following President William Ruto’s recent visit to Beijing and high-level talks with […]
In a bold step to turbocharge global development and foster private sector expansion in emerging markets, the European Commission and the International Finance Corporation (IFC) have officially signed a landmark guarantee agreement worth €291 million. The agreement, announced today, underpins the EU’s Global Gateway strategy and signals a powerful new chapter of collaboration aimed at […]
In a major boost to West Africa’s private equity and venture capital ecosystem, Nigerian investment firm Aruwa Capital Management has successfully raised $35 million in the first close of its second fund. The firm initially targeted $40 million, but now aims for a final close of $50 million, with a hard cap set at $60 […]
In a bold move to reshape its financial landscape and solidify its leadership in Africa’s digital economy, Kenya is gearing up to tokenize real-world assets (RWAs) through a new, homegrown digital exchange platform. Canadian blockchain innovation firm DeFi Technologies Inc. has officially partnered with the Nairobi Securities Exchange (NSE) to develop the Kenya Digital Exchange […]
In a significant move underscoring Japan’s growing ambition to nurture deep-tech innovation, UTokyo Innovation Platform Co., Ltd. (UTokyo IPC), led by President and CEO Kosuke Ueda, has announced a limited partner (LP) investment into Abies Ventures Fund II. The investment will be made through the Academic Startup Acceleration (ASA) Fund, a major initiative operated under […]
Africa stands on the threshold of a transformative leap forward in sustainable development, thanks to the European Investment Bank’s (EIB) $60 million commitment to accelerate the deployment of green technologies across the continent. This significant investment, channeled through LeapFrog Investments, a private equity firm renowned for its focus on sustainability and inclusive growth, is poised […]
Kenya has taken a major diplomatic and developmental leap forward following the signing of 24 Memoranda of Understanding (MoUs) with China during President William Ruto’s high-profile state visit to Beijing. The signing ceremony, which took place at The Great Hall of the People, was overseen by Chinese President Xi Jinping and President Ruto, and marks […]
In a move that underscores the accelerating convergence of finance, technology, and global sports, Tether Investments, S.A. de C.V., a subsidiary of the Tether Group, has solidified its position as a major player in the football world. The company announced today that it now holds a 10.12% stake in Juventus Football Club S.p.A., one of […]
Equatorial Guinea has achieved a landmark milestone by obtaining an investment-grade credit rating of BBB/A2 from Bloomfield Investment Corporation, marking one of the few times a Central African oil producer has risen into this tier. The upgrade signals to international markets that the country has made meaningful strides toward fiscal consolidation, strengthened its external balances, […]
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...
