Goldman Sachs Exits the Net-Zero Banking Alliance (NZBA)Goldman Sachs, one of the world’s leading investment banks, has formally announced its withdrawal from the Net-Zero Banking Alliance (NZBA). This high-profile departure reflects growing tensions between ambitious global climate commitments and the realities of increasingly complex regulatory landscapes. As a founding member of NZBA, Goldman Sachs had […]
Prescient Investment Management has taken a significant step in enhancing the Johannesburg Stock Exchange’s (JSE) offerings with the listing of its Prescient Global Income Provider Feeder Actively Managed Exchange-Traded Fund (AMETF). This latest addition underscores the growing interest in exchange-traded funds (ETFs) within South Africa, particularly in the fixed-income sector. The AMETF, trading under the […]
The Kenyan government has announced plans to issue a Sh500 billion diaspora bond to finance the modernization of Jomo Kenyatta International Airport (JKIA) and other key infrastructure projects. This decision comes after the cancellation of a controversial deal with India’s Adani Group, which had initially been tapped for the airport’s redevelopment. A Strategic Shift in […]
The Reserve Bank of India (RBI), in its December 6, 2024, Monetary Policy Committee (MPC) meeting, opted to hold its key interest rate steady at 6.50% for the eleventh consecutive session. However, it introduced a pivotal measure by reducing the cash reserve ratio (CRR) by 50 basis points to 4%. This phased reduction, taking effect […]
The Italian insurance-financial group SACE and the African Development Bank Group (AfDB) announced a significant collaboration under the “Mattei Plan” on December 5, 2024, during the African Investment Forum in Rabat, Morocco. This agreement is set to bolster economic ties between Italy and Africa, paving the way for transformative projects in critical sectors like education, […]
KenGen, Kenya’s leading power producer, is embarking on an ambitious ten-year strategy that aims to add 1,500 megawatts (MW) to the national electricity grid, significantly boosting the country’s energy capacity. To finance this large-scale project, KenGen is seeking to raise approximately $4.2 billion (Sh590 billion). This major initiative is part of KenGen’s efforts to secure […]
Meta Platforms Inc., the parent company of Facebook, Instagram, and WhatsApp, has embarked on an unprecedented initiative to construct a subsea cable network spanning over 40,000 kilometers. This $10 billion investment signals a transformative step in Meta’s strategy to reshape global internet infrastructure and reinforce its dominance in the tech ecosystem. Charting the “W-Shaped” Pathway […]
The 5th Africa Investment Forum (AIF), an annual flagship event spearheaded by the African Development Bank (AfDB) and its partners, commenced in Rabat, Morocco, under the theme “Leveraging Innovative Partnerships for Scale.” Held from December 4-6, 2024, the event underscores Africa’s commitment to economic transformation by mobilizing resources and facilitating high-impact investments across the continent. […]
Executives at Safaricom Ethiopia, a subsidiary of Kenya’s telecommunications giant Safaricom, have expressed concerns over what they describe as “monopolistic practices” by Ethio Telecom, Ethiopia’s state-owned telecom provider. In a recent meeting with Ethiopian lawmakers, Safaricom executives emphasized the need for equal access to open platforms and more competitive policies to ensure a level playing […]
Dubai’s thriving property market shows no signs of slowing down, with residential prices projected to rise by an additional 8% in 2025. This continued growth, fueled by a notable shortage in housing supply, is outlined in the latest report by leading property consultancy Knight Frank. A Record-Breaking Year for Dubai Real Estate The Dubai Residential […]
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...
