In a significant step towards fostering entrepreneurship in Africa, the European Investment Bank (EIB) has announced a €15 million investment in the new I&P Afrique Entrepreneurs 3 (IPAE 3) fund. This initiative aims to provide critical support to small and medium-sized enterprises (SMEs) in West Africa and Madagascar, ultimately creating more than 4,000 direct jobs, […]
Kenya’s Borrowing Spree: A Breakdown of the Loans A report by the National Treasury, presented to Parliament, has revealed that the Kenyan government borrowed a total of Sh68.7 billion within a span of four months between September and December 2024. This translates to an alarming Sh23.83 million per hour and Sh397,292 per minute, indicating a […]
Investors in HSBC Holdings Plc have expressed strong support for CEO Georges Elhedery’s decisive move to scale back the bank’s investment banking operations in Western markets. This strategic retrenchment aligns with HSBC’s long-term vision to concentrate on its more lucrative Asian franchises, even as U.S. President Donald Trump’s deregulatory policies spark optimism for increased capital […]
In a significant move aimed at accelerating industrialization in Nigeria, the International Finance Corporation (IFC) has announced a $50 million investment in the Lagos Free Zone (LFZ), marking a major milestone in the country’s push for economic expansion. The investment, made public on February 7, 2025, signals IFC’s commitment to fostering sustainable growth in Africa’s […]
In a landmark decision aimed at improving the travel experience and positioning Kenya as a premier aviation gateway, the Cabinet has endorsed a comprehensive plan to reform customs, streamline airport operations, and boost intra-African travel. The most notable measure is the increase in the duty-free import limit for arriving passengers from Sh50,000 to Sh250,000, significantly […]
Restrata, a London-based provider of operational resilience software and services, has announced a significant investment from Scottish Equity Partners (SEP). This strategic partnership aims to accelerate Restrata’s product development, integrate AI-powered enhancements, and expand its operations across North America, Europe, and the Middle East. Founded in 2006, Restrata has established itself as a leader in […]
Aliko Dangote, Africa’s wealthiest individual and Chairman of the Dangote Group, has announced significant investment expansion in Ethiopia. This move reflects both his growing confidence in the country’s economic potential and his broader ambition to consolidate his influence in Africa’s industrial sector. His latest investment push includes expanding his cement production capacity, establishing a new […]
The Nairobi Securities Exchange (NSE) has received a significant boost following the addition of two more Kenyan-listed companies to the Morgan Stanley Capital International (MSCI) Inc. frontier markets indices. This development is expected to enhance the visibility of Kenyan equities among foreign investors, fostering increased inflows and strengthening confidence in the country’s capital markets. The […]
In a development that has sent ripples through the international business community, Volkswagen’s protracted tax dispute with India has resurfaced, highlighting the challenges foreign investors face in the country. The German automotive giant is contesting a staggering $1.4 billion tax demand from Indian authorities, a move that has reignited concerns about India’s complex tax environment […]
The African Union (AU) and the Organisation for Economic Co-operation and Development (OECD) are set to launch the Africa Virtual Investment Platform (AVIP), a landmark initiative designed to enhance investment flows into African economies. The initiative, which aligns with the AU’s Agenda 2063, aims to address challenges faced by investors, bridge financing gaps, and accelerate […]
Malaysia is stepping up its climate and sustainability ambitions with a bold financial strategy designed to channel billions of ringgit...
Several Chinese automakers including BYD, Forthing, Changan and GAC took center stage at Cambodia’s largest annual auto show, which opened...
Tunisia’s Ministry of Industry, Energy and Mines has launched a tender for the development of a 300 megawatt (MW) solar...
The London Stock Exchange Group (LSEG) has unveiled a new suite of sustainability ratings, ESG scores and analytics designed to...
