The International Finance Corporation (IFC), the private investment arm of the World Bank Group, reached an all-time high of $56 billion in investments for the financial year ending in June 2024. According to Makhtar Diop, the IFC’s Managing Director, this represents a 28% increase in commitments year-on-year, driven by strategic reforms initiated by World Bank […]
In an ambitious move to strengthen Egypt’s presence in the global e-commerce industry and expand its trade relations across Africa, Post for Investment, the investment arm of Egypt Post, announced the launch of a new initiative, ECOM Africa. The platform aims to create a specialized e-commerce marketplace focused on facilitating trade between Egypt and African […]
Introduction to Safaricom’s Health Initiative Safaricom, Kenya’s largest telecommunications company, has announced an unprecedented investment of Sh104.8 billion aimed at digitizing the healthcare system. This landmark initiative will be rolled out over the next decade, with the goal of transforming the country’s health sector through innovative technology. The project is in line with the Ministry […]
Intel Corporation (NASDAQ: INTC) saw a significant boost in its stock price on Monday after a Bloomberg report indicated that Apollo Global Management might make a multibillion-dollar investment in the tech giant. According to the report, Apollo could invest up to $5 billion, giving Intel a much-needed influx of capital as it navigates a competitive […]
In a continent striving to close its infrastructure gap, Africa50, the investment platform established by African governments and the African Development Bank (AfDB), is rapidly becoming a key player. During its 2024 Annual General Shareholders Meeting, held in Antananarivo, Madagascar, Africa50 was praised by stakeholders, including the Presidents of Madagascar and Tanzania, for its critical […]
Acorn Holdings, a prominent real estate developer in Kenya, has announced plans to delist its KSh5.7 billion green bond from the Nairobi Securities Exchange (NSE). Listed under the Fixed Income Securities Market Segment, the company issued the bond in 2019 as the first green housing bond on the African continent. Now, in an early redemption […]
Tech giant Intel has been making headlines lately, navigating a challenging landscape that has tested its resilience. Following a turbulent period marked by declining market share and strategic overhauls, Intel is now the subject of speculation regarding a potential acquisition by Qualcomm. While these acquisition rumors have not been substantiated, another significant development has emerged—Apollo […]
Coca-Cola, the global beverage giant, has announced plans to invest $1 billion in Nigeria over the next five years. This significant capital infusion comes at a critical time for Africa’s largest economy, which is undergoing profound economic reforms under the leadership of President Bola Tinubu. The announcement was made during a meeting between Tinubu and […]
Kenya and India are currently negotiating a Sh32.2 billion (USD 250 million) loan facility aimed at boosting trade between the two countries and fostering economic growth in Kenya, particularly in the agriculture sector. Investment, Trade, and Industry Cabinet Secretary (CS) Salim Mvurya made the announcement during a press briefing on September 19, 2024, where he […]
Global investors are on high alert following a significant U.S. Federal Reserve rate cut that has sparked confusion over the future direction of the world’s largest economy. The unprecedented move has left market participants questioning whether the U.S. is poised for an economic boom or a potential downturn, leading to uncertainty in stocks, bonds, and […]
Kenya is embarking on a transformative journey to unlock the vast economic potential of its ocean resources through the development...
The United States is hurtling toward a fiscal reckoning that would have seemed unthinkable just two decades ago. According to...
The African Development Bank Group has approved a landmark €117 million financing package to fundamentally transform Benin's 77 municipalities into...
The Kenyan government has published the Draft Kenya Sovereign Wealth Fund Bill, 2025, a landmark piece of legislation that establishes...
