PowerGen Renewable Energy (PowerGen), a pioneer in decentralized renewable energy solutions, has unveiled a transformative partnership with leading international investors to create a scalable renewable energy platform. This ambitious project aims to deploy 120 MW of renewable energy, integrated with advanced battery storage systems, across underserved regions in Africa. Initial focus areas include Nigeria, Sierra […]

The 10th of Ramadan Investors Association, a leading body representing key industrial stakeholders in Egypt, has initiated a strategic dialogue with the Commercial International Bank (CIB) to explore opportunities for enhancing Egyptian exports to African markets. The discussions aim to leverage CIB’s financial expertise and expansive African footprint to unlock new trade opportunities and strengthen […]

Overview of the Tender Brait, a prominent South African investment firm, has once again faced challenges in its attempt to reduce its convertible bond (CB) liabilities. The company aimed to repurchase R400 million of its outstanding R3 billion CBs, but investors tendered only R99 million worth of bonds. The bonds, which mature in December 2027, […]

Kenya’s commercial banks have demonstrated remarkable resilience in a challenging economic environment, recording an 11.58% increase in pre-tax profits for the first eight months of 2024. Profits rose to $1.22 billion from $1.09 billion in the same period last year, according to data from the Central Bank of Kenya (CBK). This growth comes despite a […]