In a decisive move aimed at reshaping geopolitical alliances and bolstering economic growth in Africa, European Union leaders today announced a €4.7 billion (approximately $5.10 billion) investment package during a high-stakes visit to South Africa. The announcement comes at a time when both the EU and South Africa find themselves at odds with the United […]
In a bid to transform Kenya’s creative and cultural landscape, HEVA Fund has unveiled a groundbreaking investment of $5 million (approximately Ksh.647 million) aimed at providing tailored financial solutions to the country’s vibrant creative sector. Launched on March 12, 2025, this first-of-its-kind initiative—dubbed Ota Kopa & Ota Kopa Plus—seeks to empower over 7,000 young creatives […]
In a landmark transaction that has sent ripples across the global financial markets, Abu Dhabi-backed investment group MGX has committed $2 billion in stablecoin to Binance, the world’s largest cryptocurrency exchange. Announced on March 13, 2025, this deal is not only one of the largest institutional investments in the crypto industry but also a signal […]
In a bold move to further enhance financial integration and boost cross-border commerce, the Pan-African Payments and Settlement System (PAPSS) is set to introduce the Africa Currency Marketplace later this year. Backed by 15 central banks across the continent and already integrated with 150 commercial banks, PAPSS’s forthcoming foreign exchange (FX) market platform is designed […]
In a dramatic turnaround for Kenya’s pioneering automaker, Mobius Motors has resumed operations following its acquisition by Silver Box—a Middle Eastern firm known for its strategic investments and operational expertise. Once on the brink of ceasing operations due to financial strains and mounting debts, Mobius Motors is now poised for a revitalization that promises not […]
In a dramatic turn for the digital finance landscape, global fintech investment has plummeted to its lowest level in seven years, according to a recent KPMG report. This unprecedented downturn is the result of a perfect storm of factors—macroeconomic headwinds, geopolitical uncertainties, a tumultuous election cycle, and growing concerns over inflated valuations. As investors worldwide […]
In a bold move to tackle youth unemployment and foster economic resilience, Mastercard has extended its collaboration with the Youth Employment Service (YES) for a third consecutive year. The initiative, which has already begun to yield promising results, is now being hailed as a transformative effort in the South African employment landscape. Against a backdrop […]
In a significant policy reversal that is poised to reverberate across Kenya’s industrial landscape, the Energy and Petroleum Regulatory Authority (EPRA) has revoked the specially discounted electricity tariff for industries operating in the Olkaria-Kedong Special Economic Zone (SEZ) in Naivasha. Introduced as a pilot scheme in 2020, the discounted rate of KSh 5 per kWh […]
The United Arab Emirates (UAE) is set to rewrite its economic future with the recent approval of a comprehensive National Investment Strategy spanning the next six years. Announced during a high-profile cabinet meeting chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, […]
Microsoft has announced an ambitious plan to invest approximately $296 million (ZAR 5.4 billion) in South Africa by the end of 2027, further bolstering its commitment to expand cloud and AI infrastructure in the region. This new phase of investment builds upon an earlier commitment of $1.12 billion (ZAR 20.4 billion) over the past three […]
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...
