In a bold move to transform Kenya’s capital markets, the Nairobi Securities Exchange (NSE) has launched an ambitious five-year strategy to attract 9 million active retail investors both domestically and across the Kenyan diaspora. The initiative, which commenced in February 2024, aims to modernize the exchange, improve investor accessibility, and introduce innovative financial products to […]
In a landmark move that underscores France’s ambitions to be at the forefront of artificial intelligence (AI) development, President Emmanuel Macron has announced a record-breaking €109 billion ($113 billion) investment in AI projects. This announcement comes just ahead of the AI Action Summit in Paris, a crucial gathering of global leaders aimed at shaping the […]
In a significant boost to Africa’s growing startup ecosystem, early-stage Pan-African venture capital firm P1 Ventures has successfully closed a $50 million institutional fund to accelerate investments in tech-driven businesses across the continent. Unlike traditional venture capital (VC) firms, P1 Ventures aims to disrupt conventional investment models, focusing on high-growth companies that are “built in […]
In a groundbreaking move set to transform Kenya’s transportation infrastructure, American asset management firm Everstrong Capital has partnered with CPF Capital & Advisory Ltd. to raise $1 billion (KSh 129 billion) for the ambitious Usahihi Nairobi-Mombasa Expressway project. This initiative marks a significant shift in Kenya’s approach to financing large-scale infrastructure developments, emphasizing local investment […]
The United Arab Emirates (UAE) is witnessing a significant expansion in its debt capital markets (DCM), with projections indicating a surge to $400 billion in the coming years. This rapid growth is driven by a combination of funding diversification, upcoming debt maturities, infrastructure financing, regulatory reforms, and the evolution of the Dirham Monetary Framework. According […]
In a significant move poised to accelerate blockchain development across the African continent, Israeli blockchain infrastructure company StarkWare has unveiled a $4 million venture fund dedicated to supporting early-stage African startups. This initiative underscores StarkWare’s commitment to harnessing the transformative potential of blockchain technology in regions historically underserved by traditional financial systems. The venture fund […]
The Central Bank of Kenya (CBK) has rejected a new bond trading platform proposed by commercial banks, known as the East African Bond Exchange (EABX), in favor of introducing market makers to stabilize the government securities market. The rejection has sparked discussions between CBK, the National Treasury, and financial regulators on how best to enhance […]
In a bold strategic move to expand its presence in the world’s largest automotive market, Toyota Motor Corporation has announced plans to build a new wholly-owned electric vehicle (EV) manufacturing plant in Shanghai. The facility, located in Jinshan District in southwest Shanghai, is set to begin production in 2027, focusing on a new battery electric […]
In a major push to close Africa’s energy access gap, a coalition of multilateral lenders and global development finance institutions has pledged over $50 billion towards the Mission300 project. The initiative, led by the African Development Bank (AfDB) and the World Bank, aims to connect at least 300 million Africans to electricity by 2030, effectively […]
In a strategic move poised to redefine Kenya’s financial landscape, Safaricom and the Kenya Bankers Association (KBA) have jointly proposed the adoption of Pesalink as the nation’s next-generation fast payment system (FPS). This collaborative initiative aims to streamline digital transactions across the country by leveraging existing infrastructure, thereby promoting efficiency and cost-effectiveness. The Proposal: Leveraging […]
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...
