In a remarkable display of economic strength, the United States has achieved a record-breaking share of global foreign direct investment (FDI), cementing its position as a magnet for international capital. Recent data highlights the robust momentum of the U.S. economy, which continues to outpace other global powers, including Europe and China. According to data analyzed […]
Nigeria has cemented its position as Africa’s leading destination for upstream oil and gas investment, according to research from market intelligence firm Wood Mackenzie. In 2024, the country accounted for an impressive three out of four Final Investment Decisions (FIDs) announced by global oil and gas majors, reflecting a significant milestone in its efforts to […]
Kenya’s National Treasury announced on Monday that it will discontinue the issuance of the one-year Treasury bill, marking a significant shift in its debt management approach. The decision comes as part of a broader strategy to reduce the country’s reliance on short-term debt and instead prioritize longer-term maturities. The new policy will leave Kenya issuing […]
In the wake of President Donald Trump’s inauguration, Japan’s premier business federation, Keidanren, has called upon the new U.S. administration to cultivate a business climate conducive to mutual investments. Masakazu Tokura, Keidanren’s chairman, emphasized the importance of predictable policies that instill confidence in businesses considering cross-border ventures. This appeal follows a contentious decision by former […]
Moroccan startups wrapped up 2024 on a high note, securing $70 million in funding and further establishing the country as a burgeoning hub of innovation in Africa. The achievements reflect the growing prominence of Morocco within the African startup ecosystem, even as the continent experiences broader funding challenges. Breaking Down the Rankings: Morocco and the […]
Kisumu, one of Kenya’s fastest-growing cities, is set to undergo a major transformation with the launch of the LV Marina, the largest mixed-use development in the country. Spearheaded by GulfCap Real Estate, the ambitious project boasts an estimated total investment of Sh120 billion and aims to redefine urban living in the region over the next […]
In a historic move to position itself as a key player in global climate initiatives, Indonesia has officially opened its carbon exchange to international buyers. The launch marks a significant expansion of the country’s existing carbon market, which was introduced in September 2023 for domestic participants. This development is a vital step toward achieving Indonesia’s […]
In a groundbreaking collaboration, the African Development Bank (AfDB) and PowerGen Renewable Energy have joined forces with prominent international investors to launch a scalable renewable energy platform in Africa. The initiative aims to deploy 120 megawatts (MW) of renewable power across underserved regions in Africa, integrating advanced battery energy storage solutions. This platform seeks to […]
For the first time in two weeks, Treasury bills in Kenya faced an underwhelming reception in the auction market, marking a stark contrast to the oversubscription rates recorded in previous weeks. The Central Bank of Kenya (CBK) raised KSh 18.9 billion against a target of KSh 24 billion, resulting in an undersubscription rate of 78.6%. […]
New insights into the rapidly growing Sustainable Aviation Fuel (SAF) industry highlight a record-breaking global investment of £14.7 billion (€17.4 billion), marking a critical step toward decarbonizing the aviation sector. The analysis, titled The Sustainable Aviation Fuel: Global Investment Analysis, was developed by Innovate UK Business Connect to examine the sources of private investment, national […]
Kenya's electricity sector has reached a critical juncture as the nation recorded unprecedented peak demand of 2,411.98 megawatts (MW) and...
The Federal Reserve announced a quarter-point reduction to its benchmark interest rate on Wednesday, bringing the federal funds rate to...
The United Arab Emirates has solidified its position as one of Africa's most strategic economic partners, ranking fourth globally in...
Emirates Airlines is strategically positioning Kenya as its primary gateway to East and Central Africa, capitalizing on the recently implemented...
