The Public Investment Fund (PIF) of Saudi Arabia and Goldman Sachs Asset Management have signed a non-binding memorandum of understanding (MoU) to collaborate on the development of innovative private credit and public equity investment strategies. This partnership is set to play a pivotal role in transforming Saudi Arabia into a global investment hub, aligning with […]
In a move set to transform the environmental and economic landscape of West Africa, the ECOWAS Bank for Investment and Development (EBID) and the European Investment Bank (EIB) have launched a financial partnership valued at approximately €150 million, with a core credit line of €100 million—roughly equivalent to a $105 million investment at current exchange […]
In a decisive move aimed at safeguarding market integrity and investor protection, the Capital Markets Authority (CMA) has suspended the money manager license of Trade Sense Limited for 90 days. Effective from March 3, 2025, this suspension follows a series of regulatory breaches that include lapses in governance, financial management, anti-money laundering (AML), and operational […]
In a bold move to intertwine finance with nature conservation, Goldman Sachs Asset Management (GSAM) has unveiled its latest fixed-income product: the Goldman Sachs Biodiversity Bond Fund. This innovative fund is designed to offer fixed-income investors a pathway to support global biodiversity efforts while adhering to rigorous environmental, social, and governance (ESG) criteria. The launch […]
Nigeria’s bond market is currently basking in a surge of investor interest following a sharp decline in inflation—a fall from 34.8 percent in December 2024 to 24.5 percent year-on-year. This dramatic reduction, partly attributed to the recent rebasing of the Consumer Price Index (CPI), has paved the way for a robust secondary and primary market […]
Standard Investment Bank (SIB) Kenya is set to redefine its regional presence and broaden its service offerings with the opening of its latest branch in Mombasa County. This expansion, which comes on the heels of a recent regulatory approval by the Retirement Benefits Authority (RBA) to manage pension funds, marks a significant milestone in SIB […]
Chinese smartphone maker Honor announced on Sunday at Mobile World Congress in Barcelona a staggering $10 billion commitment toward artificial intelligence over the next five years. The investment is not just about enhancing its existing smartphone lineup; it is a comprehensive plan to transform Honor from a traditional mobile device manufacturer into an “AI device […]
The SAEx East project—the ambitious South Africa-Singapore subsea cable initiative—has received renewed investment and fresh momentum. Reportedly in development for over a decade, this project is now poised to move from planning into its next critical phase, thanks to a major capital injection approved by South Africa’s Industrial Development Corporation (IDC). As the definitive feasibility […]
In a bold step aimed at transforming the financial landscape for rural Kenyans, Credit Bank Plc has launched its Sacco Cash Pickup Portal Remittance Service. This innovative initiative is designed to simplify the process of receiving overseas remittances while dramatically reducing the associated costs. Developed in close partnership with Skyline Sacco and supported by key […]
In a move that underscores Europe’s continued commitment to supporting Africa’s dynamic and evolving markets, the European Investment Bank (EIB Global) has injected $75 million into Helios Investors V, L.P. (Helios Fund V). This strategic investment, announced by EIB Vice-President Ambroise Fayolle at the Finance in Common Summit in Cape Town, South Africa, aims to […]
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...
