The global venture capital (VC) market showed signs of recovery in 2024, with total investments rising by 5.4% to $368.5 billion, up from $349.4 billion in 2023. Despite this rebound in capital flow, the number of deals dropped significantly, painting a nuanced picture of the state of venture capital in a post-pandemic, economically uncertain world. […]
South Africa’s new tax incentives aimed at fostering electric vehicle (EV) and hydrogen-powered vehicle production have sparked interest among Chinese automakers, positioning the country as a potential hub for green automotive innovation. Meanwhile, China’s proposed export controls on EV battery technologies signal a strategic maneuver that could reshape global supply chains in the burgeoning EV […]
HF Group Plc, a leading financial solutions provider in Kenya, has achieved a remarkable milestone with the successful completion of its Rights Issue. The offering, initially targeting KES 4.6 billion, attracted overwhelming shareholder support, raising applications worth KES 6.38 billion and resulting in a subscription rate of 138.32%. This resounding success underscores investor confidence in […]
In a significant policy shift aimed at stabilizing its currency, the South Korean government announced measures to ease foreign exchange (FX) regulations and increase corporate access to overseas borrowing. This move comes as the South Korean won, one of the most traded emerging market currencies, hit a 15-year low against the U.S. dollar. The financial […]
The Africa Investment Forum 2024 Market Days marked a pivotal moment in the deepening relationship between Japan and Africa. Held from December 8 to 10, the event brought together leaders, investors, and innovators to discuss strategies for driving Africa’s agricultural and energy transformation. Central to the discussions was the role of Japanese technology and innovation, […]
Tanzania’s Amsons Group has taken a significant step in its quest to acquire Kenya’s leading cement manufacturer, Bamburi Cement, by completing the first phase of the KSh 23.6 billion buyout deal. This milestone acquisition saw Amsons purchase 137.1 million shares at KSh 65 per unit in a block trade on the Nairobi Securities Exchange (NSE), […]
President-elect Donald Trump’s recent election victory has generated a surge of confidence among global CEOs and investors about the global economy’s future. A comprehensive survey conducted by Teneo, a leading global CEO advisory firm, reveals that 77% of global CEOs and 86% of institutional investors anticipate improvements in the global economy during the first half […]
Jaiz Bank, one of Nigeria’s leading non-interest financial institutions, has successfully raised N10.04 billion ($6.4 million) through its private placement on the Nigerian Exchange Group (NGX). This significant achievement underscores the bank’s proactive approach to meeting the Central Bank of Nigeria’s (CBN) revised capital requirements well ahead of the June 2026 deadline. The private placement […]
In a decisive move to protect one of Nairobi’s most cherished green spaces, Environment Cabinet Secretary Aden Duale has ordered the revocation of licenses granted to a private developer planning to construct a golf range and restaurant within the Ngong Road Forest. The licenses in question, issued by the Kenya Forest Service (KFS) and the […]
In a historic step toward addressing vaccine inequities and improving public health in Africa, global financial powerhouses have pledged a joint investment of $45 million to bolster local vaccine production capabilities. The U.S. International Development Finance Corporation (DFC), the African Development Bank (AfDB), and the International Finance Corporation (IFC) have collaborated to fund VaxSen, a […]
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...
