Sanlam Kenya Plc (NSE: SLAM), a prominent non-bank financial services firm, has taken a crucial step towards improving its financial stability and operational capacity following shareholder approval for a KES 3.25 billion Rights Issue during an Extraordinary General Meeting (EGM) held today. The approval represents a strategic move to recapitalize the company’s balance sheet, enabling […]
In a historic visit to Angola, President Joe Biden announced over $1 billion in humanitarian aid to alleviate the suffering caused by severe droughts and food insecurity across Africa. Complementing this is a $600 million investment in infrastructure under the Lobito Trans-Africa Corridor initiative. These measures underline the United States’ commitment to fostering sustainable partnerships […]
In a landmark development, South Africa and Angola have elevated their structured bilateral relationship from a Joint Commission of Cooperation to a Bi-National Commission (BNC). This strategic move signifies a deepened commitment to cooperation across trade, investment, regional integration, and global diplomacy. The announcement came during Angolan President João Manuel Gonçalves Lourenço’s State Visit to […]
In a significant step toward modernizing Kenya’s governance and economic landscape, President William Ruto on Wednesday signed into law seven critical bills at State House, Nairobi. These laws, which span tax reform, infrastructure management, anti-corruption measures, and business regulation, are designed to align Kenya with global best practices while fostering local development and governance efficiency. […]
WPP, the world’s largest advertising and marketing services group, has announced a major expansion of its Global Delivery Centre (GDC) operations in India, reaffirming the country’s strategic importance in its global growth and innovation agenda. This move underlines India’s pivotal role as a hub for technological and creative expertise within the organization. The announcement also […]
Saudi Arabia’s Zahid Group, through its Gulf Falcon Holding Ltd. and local partner Entsha Ltd., has made a $1.3 billion bid to acquire Barloworld Ltd., a leading South African construction equipment company. The proposed deal values the Johannesburg-based company at approximately 22.8 billion rand, offering 120 rand per share, which represents a 30% premium over […]
Driving Climate Solutions Across Sub-Saharan Africa Catalyst Fund, a leading Kenyan pre-seed accelerator, has been awarded over KSh 33 million as part of the 2025 phase of the Empowering Sustainable Entrepreneurship in Africa program. This initiative is spearheaded by Village Capital, a global leader in impact-focused capital allocation, and supported by the Norwegian Agency for […]
Abu Dhabi Finance Week Sets the StageBlackRock, the world’s largest asset manager with $11.48 trillion in assets under management, is intensifying its focus on the Middle East. The firm announced plans to act as a cornerstone investor in regional IPOs during the Abu Dhabi Finance Week, further solidifying its presence in the Gulf Cooperation Council […]
A Strategic Partnership to Empower African GrowthThe African Development Bank Group (AfDB) and Italy’s Cassa Depositi e Prestiti (CDP) solidified a partnership to foster sustainable development in Africa. Through the establishment of the Growth and Resilience Platform for Africa (GRAf), the agreement aims to channel investments into critical areas such as food security, small and […]
The Black Founders Fund (BFF) Alumni Summit, held on November 27, 2024, at iHub in Nairobi, showcased the profound achievements of Black-led startups across Africa through its annual BFF Impact Report. The report celebrated the strides made by these startups, highlighting $379 million in funding raised, the creation of 6,000 new jobs, and an impressive […]
China is not staging a dramatic exit from US government debt — but it is clearly repositioning. Over more than...
Kenya has entered a decisive new monetary phase. The Central Bank of Kenya (CBK) has reduced its benchmark policy rate...
In Lagos, health insurance is no longer being framed as a lifestyle upgrade or a welfare add-on. It is being...
Kenya is once again attempting to reset the future of its national carrier. President William Ruto’s administration has announced plans...
