The Nairobi Securities Exchange has opened 2026 with exceptional momentum, pushing total market capitalization to approximately KSh 3 trillion for the first time in the bourse’s history. This milestone reflects a remarkable transformation in Kenya’s capital markets, following a blockbuster 2025 performance that saw the exchange deliver some of the strongest returns in more than […]
South Korea has announced an ambitious roadmap to transform its financial markets, with plans to introduce round-the-clock foreign exchange trading starting in July 2026 as part of a comprehensive strategy to achieve developed-market classification from Morgan Stanley Capital International. The announcement, made by Vice Finance Minister Lee Hyoung-il during the ministry’s biannual economic policy plan […]
Champion Breweries Plc has officially opened its N42 billion public offer to institutional and retail investors, marking a pivotal moment in the Nigerian brewer’s ambitious expansion strategy. The offering, which opened on January 8 and runs until January 21, 2026, involves the issuance of 2.625 billion ordinary shares of 50 kobo each at N16 per […]
A longstanding commercial dispute has emerged as a potential obstacle to one of East Africa’s largest corporate transactions, as Kenyan beer distributor Bia Tosha has filed an urgent petition with Kenya’s High Court seeking to block British multinational Diageo’s $2.3 billion sale of its majority stake in East African Breweries Limited (EABL) to Japan’s Asahi […]
The Kingdom of Saudi Arabia has taken a landmark step toward financial market liberalization by announcing that all categories of foreign investors will gain direct access to its stock market starting February 1, 2026. The Capital Market Authority’s announcement represents one of the most significant regulatory transformations in the Kingdom’s financial history, effectively dismantling barriers […]
French retail powerhouse Carrefour has entered Ethiopia’s rapidly expanding grocery market through a franchise and supply partnership with Queens Supermarket Plc, a subsidiary of Midroc Investment Group, Ethiopia’s largest and most diversified private conglomerate. The strategic collaboration marks Carrefour’s latest expansion in Africa’s second most populous nation, home to approximately 135 million people, and represents […]
Kenya’s private sector economy concluded 2025 on a decidedly positive note, maintaining solid growth momentum through December despite a marginal deceleration from the previous month’s exceptional performance. The Stanbic Bank Kenya Purchasing Managers’ Index registered 53.7 in December, down from 55.0 in November but comfortably above the critical 50.0 threshold that separates expansion from contraction […]
In a landmark transaction that marks the first time a Chinese state-owned automaker has invested in a private electric vehicle startup, FAW Group has acquired a 5% stake in Leapmotor for approximately ￥3.74 billion ($533 million). The investment strengthens Leapmotor’s financial position and bolsters its ambitious global expansion strategy as the company positions itself among […]
African telecommunications giant Airtel Africa has significantly accelerated its share repurchase program, announcing that it has now repurchased 40.93 million shares under the first tranche of its $100 million buyback initiative. The move underscores management’s confidence in the company’s robust cash-generating capacity and balance sheet strength, even as it continues substantial investments in network expansion […]
President William Ruto has announced that shares of the Kenya Pipeline Company (KPC) will begin trading on the Nairobi Securities Exchange (NSE) in January 2026, marking a significant milestone in the government’s privatisation programme and what is expected to be the largest initial public offering in Kenya since Safaricom’s historic listing in 2008. Speaking in […]
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...
