The Kenyan fixed-income market, a crucial component of the capital market, faced a challenging year in 2022, despite some notable positive developments. The Central Bank of Kenya’s Financial Sector Report for September 2023 highlights the dynamics within the fixed income segment, which remained subdued as various factors impacted its performance. One of the noteworthy positive […]
In the aftermath of the meme stock frenzy, European fund managers and banks are hurrying to brace themselves for sweeping reforms in the US securities market, with potential consequences for global trading. The urgency stems from a groundbreaking US initiative to reduce the settlement window for share and bond deals from two days to just […]
South African private equity firm Harith General Partners has confirmed its acquisition of a substantial 46% stake in its larger counterpart, Mergence Investment Managers. The deal is set to facilitate the pooling of their formidable combined assets, totaling a whopping 59 billion South African rand, equivalent to $3.1 billion, to support crucial infrastructure projects and […]
Global hedge fund firms are raising concerns over China’s proposed new regulations for the sector, arguing that these measures could significantly raise costs and undermine competitiveness in the $822 billion market, equivalent to 6 trillion yuan. The draft regulations, issued by the Asset Management Association of China (AMAC) in April, mandate that quantitative hedge funds […]
Africa’s longstanding early-stage investment leader, Baobab Network, is poised to significantly amplify its dedication to the African continent. The commitment involves investing in a staggering 1000 African tech companies over the next decade, accompanied by a substantial increase in their funding threshold, doubling the ticket size from $50,000 to an impressive $100,000 for recipient companies. […]
In a groundbreaking move aimed at bolstering cross-border trading opportunities within Africa, SecondSTAX, a fintech start-up, and the Nigerian Exchange Group (NGX Group) have joined forces to unveil a new trading platform. The platform, set to transform the investment landscape, now includes the participation of the Nairobi Securities Exchange (NSE) and the Ghana Stock Exchange […]
Startups across the Middle East and North Africa (MENA) region have experienced a substantial contraction in investment funding and deals during the month of September, according to the latest report from Wamda. Wamda’s monthly investment report reveals that in September, a mere $36 million was raised across 36 deals, marking a staggering 64 percent month-on-month […]
Pension fund assets in Kenya witnessed a robust increase of KES 127 billion during the first half of 2023. This remarkable growth was propelled by several key factors, including the implementation of higher mandatory contributions to the National Social Security Fund (NSSF) and favorable exchange rate gains on offshore investments. According to data provided by […]
In a shocking turn of events, the fallout from Saturday’s surprise attack on Israel by the Palestinian group Hamas has sent shockwaves through Middle East markets, triggering a sharp decline in stocks and setting the stage for a week of potential volatility. On Sunday, major equity indices across the region experienced substantial losses, with Israel’s […]
Moody’s Investors Service has downgraded Egypt’s credit score due to what the rating firm has termed “increasingly constrained” policy options to rebalance the nation’s economy without exacerbating social risks. Moody’s has lowered its assessment of Egypt’s sovereign debt by one notch to Caa1, following a review initiated back in May, as confirmed in a statement […]
Aquaculture, the fastest-growing segment of the global food system, now produces more than half of the world's fish. In Kenya,...
The Gulf Cooperation Council (GCC) has experienced significant growth in its debt capital markets, with a year-on-year increase of 11%...
The Nigeria Labour Congress (NLC) has strongly criticized the National Assembly over its exclusion of workers and trade unions in...
HF Group Plc, a leading financial solutions provider in Kenya, has achieved a remarkable milestone with the successful completion of...