In a significant stride towards Kenya’s green industrialisation ambitions, the Kenya Development Corporation (KDC) has partnered with private firm Timber Treatment International Ltd to commission an innovative biomass-based steam plant in Dandora, Nairobi. The project, financed in part through a strategic collaboration with the Export-Import Bank of India, marks a transformative step in reducing carbon […]
In a bold move that signals a significant reshaping of the global investment landscape, Investopia 2025 has announced seven strategic partnerships designed to expand its international footprint. With new Memorandums of Understanding (MoUs) signed in Milan, Budapest, and Limassol—and with reinforced ties in the UAE—the initiative not only aims to bolster economic cooperation across continents […]
In a move that underscores the dynamism and evolving nature of the global energy sector, Latin America’s largest investment bank, Banco BTG Pactual (BTG), and Canada–Swedish-listed Africa Oil Corp have finalized an agreement that restructures and consolidates their existing stakes in the offshore exploration and production company, Prime Oil & Gas Coöperatief. This landmark deal, […]
In a remarkable turnaround that underscores both the resilience of Africa’s flagship carrier and the strategic execution of its recovery plan, Kenya Airways (KQ) has reported a net profit after tax of Sh5.4 billion for the full year ending December 2024. This stellar performance marks a dramatic recovery from a staggering loss of Sh22.6 billion […]
In a groundbreaking move set to reshape the landscape of pharmaceutical research and development in Asia, AstraZeneca has announced a staggering $2.5 billion investment in Beijing over the next five years. This historic commitment will see the establishment of AstraZeneca’s sixth global strategic R&D center, positioned to spearhead early-stage research and clinical development with cutting-edge […]
In a major development poised to transform North Africa’s industrial landscape, the Kingdom of Morocco has signed a landmark investment agreement with Chinese textiles company Sunrise Group. Valued at MAD 2.3 billion (approximately USD 230 million), the deal is expected to generate significant economic benefits for Morocco, including the creation of around 8,500 jobs, both […]
In a significant boost for Kenya’s mining sector, Marula Mining PLC (AQSE: MARU | A2X: MAR) has announced a major logistics agreement that will streamline the export of manganese ore from its Kilifi Manganese Processing Plant. The deal, signed with Scan Global Logistics Kenya Limited (SGL Kenya), marks a strategic milestone in Marula Mining’s operations, […]
In a bold and transformative move for the American auto and manufacturing sectors, Hyundai Motor Group of South Korea announced a sweeping $21 billion investment plan in the United States. The expansive commitment, revealed at a high-profile event held at the White House, marks a significant milestone in Hyundai’s strategy to expand its U.S. footprint, […]
In a landmark move poised to transform Lesotho’s economic landscape, the African Development Bank Group (AfDB) announced plans to invest $331 million in the kingdom over the next five years as part of its new Country Strategy Paper for 2025-2030. This ambitious investment is aimed at bolstering the nation’s infrastructure, industrial competitiveness, and overall socio-economic […]
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 […]
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...
