A significant moment in African climate investment occurred as NMB Bank’s sustainability bond, the NMB Jamii Bond, was cross-listed on the London Stock Exchange. This event signifies a crucial step forward in attracting global capital for climate finance and development in Africa. Originally issued as the largest sustainability bond in East Africa, the NMB Jamii […]
Mahindra & Mahindra, a key player in the Indian automotive sector, has unveiled plans to inject 120 billion rupees ($1.44 billion) into its electric vehicles (EV) unit. This significant move comes following a successful fourth quarter, fueled by robust sales of its SUV lineup. The company disclosed its intention to transfer assets valued at 7.96 […]
Kenya’s President William Ruto is slated to make history with an upcoming state visit to the United States, marking a significant milestone in bilateral relations. Invited by U.S. President Joe Biden, this honor places Kenya in the spotlight as a key partner on the global stage. U.S. Ambassador to Kenya, Meg Whitman, hailed the invitation […]
In a strategic move aimed at enhancing its presence in Africa, Qatar Airways has disclosed plans to invest in a prominent airline operating in the southern region of the continent. CEO Badr Mohammed Al Meer shared this development during a panel discussion at the Qatar Economic Forum in Doha on Wednesday. Al Meer emphasized the […]
The Annual Investment Congress (AIM Congress 2024) in Abu Dhabi from May 7-9 brought together over 12,427 participants from 179 countries, including more than 100 ministers, mayors, and central bank governors. This year’s congress focused on the significant potential and global economic implications of BRICS expansion. TV BRICS, the event’s media partner, highlighted key discussions […]
During her visit to Nairobi, U.S. Secretary of Commerce Gina Raimondo underscored Kenya’s pivotal role in Africa’s digital landscape. Alongside the President’s Advisory Council on Doing Business in Africa, Raimondo unveiled strategic collaborations and commercial agreements aimed at harnessing Kenya’s digital prowess. Highlighting Kenya’s status as a digital hub, Raimondo applauded President William Ruto’s efforts […]
Kenya is gearing up for President William Ruto’s forthcoming state visit to the United States with an ambitious goal: securing investment deals totaling Sh32.56 trillion ($250 billion). Investment, Trade, and Ministry Cabinet Secretary, Rebecca Miano, unveiled the strategic plan, emphasizing the importance of this opportunity to bolster economic ties and attract foreign investments. During the […]
Amazon Web Services (AWS) has announced a major investment of €7.8 billion ($8.44 billion) to enhance its cloud computing infrastructure in Germany, aiming to strengthen its presence in Europe. This initiative will see the establishment of multiple data centers in the German state of Brandenburg by the end of 2025. This investment supports AWS’s strategy […]
In a significant stride towards promoting sustainable living standards in Africa, Vitol and its subsidiary Vivo Energy have unveiled plans to invest over $550 million by 2030. This substantial commitment aims to bolster infrastructure vital for advancing clean cooking solutions across the continent. The announcement was made during a high-profile summit on clean cooking in […]
Nairobi, Kenya – In a move set to invigorate Kenya’s business landscape, CCI Global, a prominent international outsourcing firm, has unveiled plans for a state-of-the-art call centre facility in Tatu City, Kenya’s esteemed Special Economic Zone. This $50 million investment is anticipated to generate over 5,000 employment opportunities for Kenyan citizens. The facility’s inauguration on […]
A historic moment in East African energy cooperation unfolded this week as Ethiopia commenced its first-ever electricity exports to Tanzania,...
The United States Senate is currently embroiled in a high-stakes, marathon voting session on a sweeping budget bill, colloquially dubbed...
In a landmark moment for Burundi's energy future, President Evariste Ndayishimiye this week inaugurated the Jiji hydroelectric plant, a crucial...
The financial landscape in Kenya has seen a notable development with the Central Bank of Kenya (CBK) announcing the cancellation...
