In a move that underscores both determination and transformation, Harambee Deposit Taking Sacco has written off its entire investment of Ksh184 million (approximately $1.42 million) in the Kenya Union of Savings and Credit Co-operatives (Kuscco) as part of a broader strategy to strengthen its financial foundations. The decision, which comes amid the Sacco’s ambitious plans […]
In a stunning turn of events, Wall Street was thrust into turmoil on Monday, April 7, 2025, as the S&P 500 opened with a significant gap lower, reaching levels not seen since mid-January 2024. The dramatic decline is the latest chapter in an unfolding saga that began with President Donald Trump’s sweeping announcement of new […]
In a bold move that signals a significant shift in Africa’s energy landscape, the African Export–Import Bank (Afreximbank) has announced that it will earmark $3 billion in financing to support the purchase of locally refined petroleum products across the continent. This decision, unveiled at a high-profile energy conference in Cape Town, South Africa, is part […]
Kenya’s government announced a new funding strategy aimed at reviving the stalled extension of its Standard Gauge Railway (SGR) from Naivasha to Malaba—a critical corridor poised to extend into Uganda, Rwanda, South Sudan, and even the mineral-rich Democratic Republic of Congo (DRC). The new proposal, unveiled amid growing concerns over fiscal constraints and evolving financing […]
The OPEC Fund for International Development (OPEC Fund) has approved over US$600 million in new financing for a diverse range of projects across Africa, Asia, Latin America, and the Caribbean. The announcement, made during the institution’s 191st Governing Board meeting in Vienna, signals an intensified commitment to boosting infrastructure, enhancing human capital, and promoting food […]
In a notable shift that signals the continent’s evolving investment landscape, African startups raised a record $469.9 million in funding during the first quarter of 2025. Cleantech emerged as the crown jewel of this new era, overtaking the once-dominant fintech sector and capturing investor interest with sustainable, climate-focused innovations. The fresh wave of capital is […]
In a bold move set to redefine the investment landscape in Kenya, the Kenya Private Sector Alliance (KEPSA) and the Kenya Investment Authority (KenInvest) have announced a groundbreaking Cooperation Agreement. Signed in Nairobi by KEPSA CEO Carole Kariuki and KenInvest CEO John Mwendwa, this strategic partnership is designed to fortify economic, technological, and investment ties […]
Wall Street was rocked on April 4, 2025, as U.S. markets witnessed one of their most turbulent days in recent memory. A sweeping 10% tariff on most U.S. imports, along with even steeper levies targeting dozens of nations, triggered fears of an escalating trade war and a potential global recession. In a dramatic turn of […]
The International Finance Corporation (IFC), a member of the World Bank Group, has announced a landmark commitment of $100 million in debt financing to Raxio Group, a leading data center operator in Sub-Saharan Africa. This financing package is set to double Raxio’s data center deployment across the continent over the next three years, providing a […]
In an era marked by shifting economic alliances and persistent trade frictions, Tanzania has emerged as the leading source of foreign direct investment (FDI) into Kenya, underscoring a robust economic interdependence within the East African Community (EAC). Recent data reveal that investors from Dodoma have funneled a total of $72.45 million into Nairobi over the […]
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...
