In a strategic move poised to reshape the global textile industry, Việt Nam is set to host the world’s first fully circular textile production hub, powered entirely by renewable energy. The announcement follows a high-level meeting between Vietnamese Prime Minister Phạm Minh Chính and executives from Swedish textile recycling company SYRE, including Chair Susanna Campbell, […]
In a strategic move that underscores Zimbabwe’s rising prominence in Africa’s mining resurgence, Kavango Resources Plc has secured a US$5 million interest-free facility from the Comarton Managed Pension Funds’ Investments Consortium. The funding is poised to unlock a new era of mine development and gold processing infrastructure in Zimbabwe, supporting both national economic goals and […]
In a landmark outcome of President William Ruto’s state visit to Beijing on April 23, 2025, Kenya secured investment commitments totaling Ksh.126 billion (approximately USD 920 million) from seven leading Chinese companies. The deals, signed during the Kenya–China Investor Roundtable, align closely with the government’s Bottom-Up Economic Transformation Agenda (BETA), targeting transformative projects in manufacturing, […]
Venture capital funding in India slipped to USD 2.4 billion during the first quarter of 2025, down from USD 2.6 billion recorded in the final quarter of 2024, as global-economic headwinds and geopolitical tensions prompted investors to tread more cautiously. Despite the modest quarter-on-quarter decline, industry experts emphasize that nothing fundamental has changed in India’s […]
The African Export-Import Bank (Afreximbank) closed its 2024 financial year with a remarkable 29 percent increase in net income, reaching $973.5 million compared with $756.1 million in 2023. This performance comes amid a challenging global environment characterized by geopolitical uncertainty, persistent inflationary pressures, and elevated interest rates in major economies. Yet it also reflects the […]
Umba, a Nairobi‑headquartered digital bank operating in Kenya and Nigeria, has successfully closed a $5 million debt financing round to accelerate the expansion of its lending portfolio, advance its proprietary credit‑scoring technology, and fuel entry into new East and West African markets within the next 12 months Tech In AfricaFintech News Africa. Led by Star […]
Mirae Asset Investment Managers (India) Pvt. Ltd. has unveiled the Mirae Asset Global Allocation Fund IFSC, a close‑ended Category III Alternative Investment Fund (AIF) with an initial target corpus of $200 million (plus a green‑shoe option of an additional $200 million). Launched through the firm’s International Financial Services Centres Authority (IFSCA)–regulated IFSC branch at GIFT […]
Arnergy, a pioneering Nigerian provider of distributed renewable energy solutions, has closed an $18 million funding round to supercharge the rollout of solar-plus-storage systems throughout Africa Tech In Africa. Led by All On—an off‑grid energy impact investor seeded by Shell—with participation from Breakthrough Energy Ventures (Bill Gates’ climate‑tech fund), ElectriFI (the EU‑backed Electrification Financing Initiative), […]
After the dramatic collapse of CBEX—a trading platform that left thousands of Kenyans unable to withdraw their funds—the Capital Markets Authority (CMA) has stepped in to remind investors of the only online forex brokers, market‑making dealers, and portfolio managers legally licensed to operate in Kenya. This comprehensive guide explores the CBEX fallout, profiles the various […]
A landmark study by education marketplace MSM Unify reveals that global investment in green bonds for educational institutions has surged to USD 15 billion, underscoring the sector’s accelerating commitment to sustainability and carbon‑neutral campuses. Market overview: A booming green bond landscape Green bonds have moved from niche instruments to mainstream fixtures in global fixed‑income markets. […]
Malaysia is stepping up its climate and sustainability ambitions with a bold financial strategy designed to channel billions of ringgit...
Several Chinese automakers including BYD, Forthing, Changan and GAC took center stage at Cambodia’s largest annual auto show, which opened...
Tunisia’s Ministry of Industry, Energy and Mines has launched a tender for the development of a 300 megawatt (MW) solar...
The London Stock Exchange Group (LSEG) has unveiled a new suite of sustainability ratings, ESG scores and analytics designed to...
