The long-awaited sale of ExxonMobil’s onshore assets in Nigeria to Seplat Energy has finally received regulatory approval, marking a major milestone in Nigeria’s oil industry. This deal, valued at $1.28 billion, has been under intense scrutiny and awaiting approval for over two years since it was first announced in February 2022. The approval signals the […]
The global climate crisis requires immediate, innovative solutions to mitigate its devastating impacts. Across sub-Saharan Africa, a region especially vulnerable to the effects of climate change, the need for climate resilience is increasingly urgent. In response, venture capital funds like Equator Africa are stepping up to support technology-enabled start-ups focused on delivering climate solutions. Recently, […]
Bloomberg has introduced a groundbreaking solution designed to provide investors with an in-depth assessment of nature-related impacts and dependencies across the value chain of up to 45,000 companies. The new offering seeks to address one of the most pressing global challenges: the financial risks associated with nature loss and the degradation of biodiversity. This tool […]
The recent $9 billion investment in six luxurious cruise ships under Nigeria’s IPADA Initiative marks a pivotal moment for Africa’s maritime infrastructure and economic future. Spearheaded by AKL Lumi, Africa’s first digital currency backed by solar energy and gold, this initiative presents enormous potential to transform Africa’s ocean trade, tourism, and financial stability. The project’s […]
Kenya’s National Treasury is taking significant steps to reduce the dominance of banks in the government securities market, aiming to broaden the pool of investors and lower the high interest rates that the country has faced. In its annual borrowing plan for the 2024/2025 fiscal year, the Treasury outlined reforms aimed at expanding access to […]
NEQSOL Holding, a global investment group with a diversified portfolio spanning telecommunications, energy, construction, and high-tech industries, has announced its acquisition of the United Mining and Chemical Company JSC (UMCC), one of the world’s largest producers of titanium ore. The deal marks a significant step in NEQSOL’s strategic international expansion and reinforces its growing influence […]
Ethiopia has taken a significant step in its ongoing economic reform efforts with the launch of the partial privatization of Ethio Telecom, the country’s 130-year-old state-owned telecom operator. On October 16, 2024, Prime Minister Abiy Ahmed announced the sale of 10% of Ethio Telecom’s shares to the public, marking an important move toward modernizing the […]
JPMorgan Chase, the largest U.S. bank and one of the world’s most influential financial institutions, has finally received approval to establish a representative office in Kenya, marking a significant step in its African expansion plans. This approval, granted by the Central Bank of Kenya (CBK), comes almost 12 years after the banking conglomerate first revealed […]
The UK government has heralded the success of its recent International Investment Summit, celebrating a total of £63 billion in investment commitments from a variety of industries. This significant inflow of capital is expected to create nearly 38,000 jobs and boost the UK’s position as a global leader in green energy, infrastructure, and life sciences. […]
JPMorgan Chase, the largest U.S. bank by assets, is making significant strides toward expanding its global footprint with plans to enter the Kenyan and Ivorian markets by the end of 2024. This move marks a significant step for the U.S. banking giant as it seeks to deepen its presence in Africa, a region rich with […]
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...
East African Breweries Limited (EABL), Kenya's leading alcoholic beverages manufacturer, has launched an ambitious fundraising initiative that opens the door...
