NEQSOL Holding, a global investment group with a diversified portfolio spanning telecommunications, energy, construction, and high-tech industries, has announced its acquisition of the United Mining and Chemical Company JSC (UMCC), one of the world’s largest producers of titanium ore. The deal marks a significant step in NEQSOL’s strategic international expansion and reinforces its growing influence […]
Ethiopia has taken a significant step in its ongoing economic reform efforts with the launch of the partial privatization of Ethio Telecom, the country’s 130-year-old state-owned telecom operator. On October 16, 2024, Prime Minister Abiy Ahmed announced the sale of 10% of Ethio Telecom’s shares to the public, marking an important move toward modernizing the […]
JPMorgan Chase, the largest U.S. bank and one of the world’s most influential financial institutions, has finally received approval to establish a representative office in Kenya, marking a significant step in its African expansion plans. This approval, granted by the Central Bank of Kenya (CBK), comes almost 12 years after the banking conglomerate first revealed […]
The UK government has heralded the success of its recent International Investment Summit, celebrating a total of £63 billion in investment commitments from a variety of industries. This significant inflow of capital is expected to create nearly 38,000 jobs and boost the UK’s position as a global leader in green energy, infrastructure, and life sciences. […]
JPMorgan Chase, the largest U.S. bank by assets, is making significant strides toward expanding its global footprint with plans to enter the Kenyan and Ivorian markets by the end of 2024. This move marks a significant step for the U.S. banking giant as it seeks to deepen its presence in Africa, a region rich with […]
By International Renewable Energy Agency (IRENA)October 14, 2024 The Accelerated Partnership for Renewables in Africa (APRA) officially launched its Investment Forum today in Nairobi, Kenya. This highly anticipated event brought together a diverse range of stakeholders, including government ministers, investors, project developers, and financial institutions, with a shared objective: to scale up investments that align […]
The World Health Organization (WHO) has secured close to US$ 1 billion in both new and reaffirmed funding commitments as part of its first-ever global Investment Round, showcasing the critical global support for WHO’s mission to advance public health worldwide. During the World Health Summit in Berlin, hosted by Germany, France, and Norway, US$ 700 […]
In a significant move aimed at strengthening trade ties, Saudi Arabia’s Export-Import Bank (Saudi Exim) signed a $25 million credit agreement with South Africa’s Standard Bank Group Ltd. This deal, announced at the Saudi-South African Business Forum in Johannesburg, is expected to enhance trade between Saudi Arabia and South Africa, Africa’s most industrialized economy. This […]
The Kenya Electricity Transmission Company Limited (KETRACO) has signed a landmark $736 million deal with Adani Energy Solutions, a subsidiary of India’s Adani Group, to develop crucial transmission lines and substations. This agreement marks Kenya’s first public-private partnership (PPP) in the energy transmission sector, with Adani committing to raise the entire project funding through a […]
Indian conglomerate Adani Group is in advanced talks with a Middle East-based sovereign wealth fund (SWF) to raise up to $1 billion for its airport business, marking a significant step in its expansion efforts. According to a report by the Economic Times, the funding is aimed at bolstering Adani Airport Holdings in its plans to […]
The East African Community (EAC) has long been hailed as a beacon of regional integration, with its aspirations for a...
In a move that has brought a temporary sigh of relief to global markets and supply chains, the United States...
In a compelling study published in the journal Agrekon, researchers from Stellenbosch University and Mendel University in Brno, Czech Republic,...
The East African nation of Kenya has embarked on a new, multi-pronged strategy to finance its critical infrastructure projects, a...
