On September 19, 2024, Prime Group, a prominent investment firm known for its resource development initiatives, made waves in the financial and development sectors by announcing the launch of a $60 billion investment fund. This strategic fund is set to transform key industries in Africa, specifically focusing on oil exploration, mining, and agriculture. With a […]
In a significant move within the African fintech landscape, Nigerian-based investment platform Risevest has officially completed the acquisition of Kenya’s mobile investment platform Hisa. This acquisition is poised to reshape the investment landscape in both Kenya and Nigeria, particularly in terms of providing seamless access to U.S. stock markets and Exchange Traded Funds (ETFs) for […]
In the latest development from the world of real estate investment, BGO (BentallGreenOak), a prominent global real estate investment management advisor, has announced that it has raised an impressive €2 billion ($2.2 billion) for its European investment program. The funds were secured through the firm’s fourth European Value-Add Strategy, reflecting significant interest in the company’s […]
Introduction to Mauritius as a Business Hub Standard Bank, Africa’s largest bank by assets, has announced its latest strategic move aimed at providing banking services for small and mid-sized businesses operating across Africa. This initiative will allow these businesses to bank with the lender in Mauritius, an island that is considered one of the most […]
Privamnuts, a leading processor and exporter of macadamia nuts from Kenya to Europe, the USA, and the Far East, has secured a significant investment of Sh387 million (USD 3 million). The funding comes from the ESG First Fund, managed by Aavishkaar Capital in partnership with KfW, a German state-owned investment and development bank. The investment […]
In a move that could reshape the future of artificial intelligence (AI) infrastructure, BlackRock Inc. and Microsoft Corp. are collaborating on one of the largest private equity endeavors to date, targeting AI growth. The partnership, alongside the United Arab Emirates’ MGX investment vehicle, seeks to raise $30 billion in private equity capital. The venture, named […]
In a world increasingly grappling with the impacts of climate change, Africa is among the most vulnerable regions. To address this urgent challenge, a major climate adaptation initiative is underway through the Africa Adaptation Acceleration Program (AAAP). In its first 36 months of operation, the AAAP has demonstrated significant progress in fostering climate resilience across […]
Kenya’s economic relationship with China continues to expand, with this year’s AFRIPEAK Expo marking a significant milestone in fostering industrial cooperation between the two nations. Kenya’s presence at the expo, which will take place in Nairobi, has grown from 20 participants in 2023 to 30 in 2024. The event is seen as a major platform […]
FMW Media Works’ New to The Street has announced a strategic $10 million investment into Spinel Network Pte. Ltd. (“Spinel Network”) for a 10% stake in the company. The investment consists of both media and cash components and will be utilized to expand Spinel Network’s global presence. FMW’s national and international syndicated television programs will […]
Saudi Crown Prince Mohammed bin Salman announced a substantial $5 billion investment in Egypt during a meeting with Egyptian Prime Minister Mostafa Madbouly in Riyadh on Tuesday. The pledge, made through the Public Investment Fund (PIF), highlights the strengthening economic ties between Saudi Arabia and Egypt, two of the largest and most influential nations in […]
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...
