In a bold move that underscores its commitment to driving financial inclusion and economic growth, Ecobank Kenya has strengthened its capital base with a Ksh3.5 billion (approximately USD 27 million) injection. The recent capital boost brings the bank’s total capital to Ksh8.5 billion (around USD 65 million), setting it well on track towards achieving the […]
Tesla’s CEO Elon Musk sought to calm growing concerns among employees as the automaker experiences one of its worst stock market plunges in years. During a company-wide meeting on Thursday, Musk urged employees to hold on to their shares despite a staggering 50% drop in Tesla’s stock price, assuring them that the company’s future remains […]
Nigeria’s economic landscape is witnessing a transformative shift as the nation secures a staggering $14 billion in investments from India—a move that promises to redefine its business and diplomatic relations. In a press briefing held on March 21, 2025, Minister of Foreign Affairs Yusuf Tuggar revealed the magnitude of this deal, emphasizing that the investment […]
In a landmark move that underscores Kenya’s rising prominence as an industrial powerhouse in East Africa, Centum Investment Company PLC and ARISE Integrated Industrial Platforms have joined forces to launch a $3 billion initiative to develop the Vipingo Special Economic Zone (VSEZ). This groundbreaking project is poised to create 500,000 jobs, transform the Kenyan coastal […]
In a bold and transformative move, Pakistan is positioning itself at the forefront of the global digital finance revolution. The government’s recent initiative to regulate cryptocurrency, spearheaded by Bilal bin Saqib—the newly appointed Chief Advisor to the Finance Minister for the Pakistan Crypto Council—marks a significant turning point in the nation’s economic landscape. This strategic […]
In a bold move aimed at transforming its economic landscape, Tanzania has unveiled a revised National Land Policy designed to attract foreign investments in real estate, industrial development, and agriculture. The new policy, launched by President Samia Suluhu Hassan in Dodoma on March 20, 2025, marks a decisive shift from previous restrictions and outdated registration […]
In a significant boost for Africa’s evolving logistics landscape, Kenyan-based supply chain and logistics SaaS provider Leta has secured $5 million in seed funding to scale its AI-driven platform. The funding round, led by European venture capital firm Speedinvest and bolstered by investments from Google’s Africa Investment Fund and Equator—a climate tech fund focused on […]
In a move set to redefine the digital payments landscape in the Middle East and North Africa (MENA) region, Dubai-based NymCard has successfully raised $33 million in its Series B funding round. Led by QED Investors, this round marks not only a significant capital injection into the company but also the largest investment QED has […]
In a landmark move that underscores the strength of South Africa’s capital markets, Zeda Limited, Southern Africa’s leading integrated mobility solutions provider, successfully raised R850 million through its inaugural bond auction. The offering, spearheaded by Standard Bank, witnessed overwhelming investor interest with bids totaling R2.36 billion. This robust subscription not only validates Zeda’s strong performance […]
In a landmark move aimed at driving innovation, economic growth, and sustainable development, Kenya has reaffirmed its commitment to deepening ties with Dutch investors across several key sectors, including sustainable mobility, agribusiness, renewable energy, and healthcare. At a high-level event held on March 19, 2025, at the Netherlands Business Hub, Kenya’s top officials, led by […]
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...
