The African private capital market witnessed remarkable growth in 2024, with disclosed deal values reaching a staggering $10.1 billion, marking a significant increase from the $6.7 billion recorded in 2023. According to the 2024 Private Capital in Africa Activity Report by Stears, this surge came despite a lower disclosure rate of 46 percent compared to […]
Standard Chartered and Kenya Airways (KQ) have announced a strategic partnership that is set to redefine travel experiences for their customers. The collaboration, officially signed at Standard Chartered’s Head Office, aims to bring exclusive travel benefits, discounts, rewards, and enhanced experiences to Standard Chartered’s affluent banking clients and members of Kenya Airways’ Asante Rewards program. […]
Indonesia’s state-owned electricity company, PT PLN (Persero), has officially entered the international carbon trade, marking a significant milestone in the country’s ongoing efforts to combat climate change and attract foreign investment. This move positions PLN as the first Indonesian company to actively participate in the global carbon market, reinforcing its commitment to environmental sustainability and […]
The Federal Government of Nigeria has successfully secured a $1.1 billion loan from the African Development Bank (AfDB) to enhance electricity access across the country, aiming to provide power to at least 5 million people by the end of 2026. This financial agreement represents a significant step toward addressing Nigeria’s persistent energy deficit and advancing […]
In a significant move, the Kenyan government has terminated a high-profile project aimed at bolstering security at its entry points through an advanced electronic visitor tracking system. This decision comes amidst a backdrop of international scrutiny and domestic concerns regarding the project’s transparency and the integrity of its primary contractor, the Adani Group. Project Overview […]
In a significant move to bolster the United Kingdom’s position as a global leader in climate finance, British International Investment (BII), the UK’s development finance institution and impact investor, has announced a pioneering partnership with the City of London’s institutional investors. This collaboration aims to channel substantial private capital into emerging economies to address the […]
In a landmark development for African rail logistics, Traxtion, one of the largest private freight rail companies on the continent, has officially expanded its operations into Angola by securing a new contract with the concessionaire of the Lobito Rail Corridor. This move strengthens the company’s footprint across nine African countries and marks a significant step […]
Kenya Power and Lighting Company (KPLC) has posted a record-breaking profit increase of 3025.4% in the six months ending December 2024, a dramatic turnaround driven by reduced finance costs, increased electricity sales, and lower costs of sales. This remarkable performance has prompted the company to declare an interim dividend of KSh 0.20 per share, marking […]
In a landmark development for the global energy sector, BloombergNEF (BNEF) has reported that investments in clean energy technologies reached an unprecedented $2.1 trillion in 2024. This figure represents an 11% increase from 2023 and more than doubles the investments made in 2020, highlighting the rapid acceleration toward sustainable energy solutions worldwide. This surge in […]
In a landmark move to bolster space cooperation, the European Commission has officially signed the Africa-EU Space Partnership Programme, a EUR 100 million initiative aimed at strengthening space collaboration between Europe and Africa. This significant milestone, the result of years of dedicated partnership, stands as a flagship component of the EU’s Global Gateway strategy, reinforcing […]
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...
