Africa is set to unveil its most ambitious aviation infrastructure project yet: a new mega-airport near Bishoftu, Ethiopia, 25 miles from the bustling capital city of Addis Ababa. Costing an estimated £5 billion, this facility will not only become the largest airport on the continent but also one of the busiest globally, with projections of […]
The Capital Markets Authority (CMA) of Kenya has announced the approval of six new investment funds, marking a significant milestone in expanding financial opportunities for investors. This strategic move reflects the CMA’s commitment to diversifying investment options and catering to a range of risk appetites, from conservative to high-risk profiles. The approvals include two high-yield […]
Emirates NBD, the second-largest lender in the UAE, has successfully issued a $500 million sustainability-linked loan (SLL) bond as part of its commitment to aligning financial growth with sustainable development goals. The five-year bond, with initial price thoughts (IPTs) set at Treasuries +125 basis points (bps) area, reflects growing investor appetite for ESG-compliant financial instruments. […]
South Africa’s commitment to transitioning toward a low-emissions economy has received a significant boost with the conclusion of negotiations for a R7.6 billion ($423 million) loan from the Agence Française de Développement (AFD). The funding, part of the country’s Just Energy Transition Plan (JETP), will address the social and economic challenges of moving away from […]
Kenya has marked a significant milestone in its aviation and tourism sectors with the arrival of AirAsia X’s maiden flight from Kuala Lumpur to Nairobi. This historic flight, landing at Jomo Kenyatta International Airport (JKIA), establishes the first direct connection between Malaysia and Kenya, enhancing Kenya’s position as a gateway to Africa for travelers from […]
In a bold move to win back customer confidence and stabilize its business following a serious food safety crisis, McDonald’s Corporation has announced a $100 million investment. The initiative comes in the wake of an E. Coli outbreak linked to the fresh slivered onions used in its Quarter Pounder burgers, which resulted in one fatality […]
Ethiopia is navigating critical hurdles in establishing its nascent stock market as the Ethiopian Securities and Exchange Commission (ESEC) reports alarmingly low participation from brokers. This shortage threatens to delay the stock market’s successful launch, which is expected to be a transformative tool for economic growth, financial inclusion, and the mobilization of capital. The Role […]
Safaricom, Kenya’s largest telecommunications provider, has expressed openness to collaborations with satellite internet companies such as Elon Musk’s Starlink, signaling a shift in the dynamics of Kenya’s internet service landscape. While Safaricom remains steadfast in its belief that its fixed internet infrastructure remains unrivaled, it acknowledges the role of satellite internet in bridging connectivity gaps, […]
Foreign investors have sold 82.1 billion rupees ($973 million) worth of Indian government bonds tied to the JPMorgan index so far in November, data from a clearing house revealed on Thursday. This selling spree comes amidst a global economic backdrop dominated by rising U.S. bond yields and a strengthening dollar, creating headwinds for emerging markets. […]
In a move set to bolster economic collaboration between Europe and East Africa, Equity Group Holdings Plc and DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH, the German Development Finance Institution, have launched the German Desk – Financial Support and Solutions for East Africa. The initiative seeks to facilitate trade, investment, and partnerships between Germany and […]
Emirates Airlines is strategically positioning Kenya as its primary gateway to East and Central Africa, capitalizing on the recently implemented...
In a strategic executive reshuffle aimed at bolstering America's economic resilience, JPMorgan Chase has appointed seasoned banking veteran Jay Horine...
In a landmark address at the III Financing Summit for Africa's Infrastructure Development held in Luanda, Angola, H.E. Lerato D....
President William Ruto has unveiled an ambitious infrastructure development plan that will see the Nairobi-Nakuru-Mau Summit Highway extended to cover...
