In a major prelude to the 2024 Africa Investment Forum (AIF) Market Days, top African investors converged in Casablanca, Morocco, on November 12, to engage Moroccan investors and business leaders. This gathering aimed to mobilize financial backing and prepare stakeholders for the annual Market Days event, scheduled for December 4-6 in Rabat, Morocco. The Africa […]
Kenya’s financial landscape is once again under scrutiny as taxpayers are set to pay over KSh 1.7 billion in penalties after the country defaulted on its Standard Gauge Railway (SGR) loan repayment to China’s Exim Bank during the financial year 2023/2024. The SGR project, initially lauded as a transformational infrastructure investment, has increasingly become a […]
Over the past five trading days, Ethereum exchange-traded funds (ETFs) have seen an impressive influx of nearly $650 million as the value of Ether (ETH) surged more than 30%. On Nov. 12, these inflows turned net positive, driven by BlackRock’s iShares Ethereum Trust, which has attracted considerable investor interest and recorded one of its most […]
Invest Africa, a prominent pan-African business platform, has joined forces with Premier Invest, a global investment conglomerate, to drive transformative investments across Africa. This partnership is designed to identify and unlock high-impact growth, innovation, and sustainable development opportunities throughout the continent, leveraging key industry events like The Africa Debate and the Invest Africa Mining Series […]
Kenya’s Private Sector Alliance (KEPSA), in collaboration with the Sharjah Chamber of Commerce and Industry, launched the UAE–Kenya Trade and Investment Forum today, marking a significant moment in fostering bilateral trade and investment between Kenya and the United Arab Emirates (UAE). The two-day event, taking place in Nairobi, aims to bring Kenyan industry leaders and […]
The UN Climate Change Conference, COP29, has officially kicked off in Baku, Azerbaijan, and will run until November 22. Leaders, policymakers, scientists, and environmental activists from around the world have gathered to drive forward ambitious climate action, particularly in the wake of the latest reports on accelerating climate change. At the forefront of these efforts […]
In a major move to improve safety and service quality in Nigeria’s ride-hailing sector, Bolt has announced a €100 million (around $107 million) investment focused on enhancing safety standards for both drivers and passengers. The investment will fund new safety technologies, accident prevention measures, customer support upgrades, and public safety awareness campaigns, underscoring Bolt’s commitment […]
After a six-year pause, TUI Fly, a Dutch charter airline associated with the German TUI Group—one of the largest tour operators globally—has resumed its weekly flights to Kenya. This resumption of flights to Mombasa’s Moi International Airport is seen as a promising step toward reviving Kenya’s coastal tourism sector, which has faced challenges from the […]
Global investment in energy-efficient technologies has surged by 4% in 2024, setting a new high of $660 billion, according to the International Energy Agency’s (IEA) annual Energy Efficiency 2024 report. This record-breaking investment reflects an intensifying global commitment to improving energy efficiency amid mounting climate concerns and rising energy costs. The report underlines the necessity […]
In a significant development for Nigeria’s oil and gas industry, Dangote Refinery and Pinnacle Oil & Gas Limited have reached an agreement to optimize petroleum product distribution across the country. This partnership, centered on Pinnacle’s new distribution terminal in the Lekki Free Zone, Lagos, reflects an effort to improve efficiency and reduce costs in the […]
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...
In a significant policy announcement that has captured the attention of global financial markets, the People's Bank of China (PBOC)...
In a landmark achievement for African climate resilience, Mozambique has received a $2 million insurance premium for drought protection covering...
