Kenya, alongside Nigeria, South Africa, and Tunisia, remains a focal point for investment in Africa, as revealed in the 2024 Deloitte Africa Private Equity Confidence Survey (PECS) report. Despite global and regional economic uncertainties, Kenya has demonstrated a resilient and favorable business environment, attracting continued interest from investors across various sectors. The report underscores Kenya’s […]
In a strategic move poised to reshape the landscape of investment payments in Sweden, SAVR, a leading Swedish investment platform, has partnered with Brite Payments, an innovator in instant payments technology. This collaboration is designed to address the growing demand for rapid and secure large-scale money transfers, which have become increasingly vital in today’s fast-paced […]
In a report that underscores the urgent need for action, Bridgewater Associates, the world’s largest hedge fund, has called for a significant increase in investment in sub-Saharan Africa to prevent the region from falling behind in the global economic race. The hedge fund’s analysis suggests that without substantial and sustained investment, the region’s potential to […]
In a significant move to address global food security concerns, Kenya and Israel have announced a groundbreaking agricultural cooperation partnership aimed at boosting food production in Kenya while leveraging Israel’s advanced agricultural technologies. This strategic alliance comes at a critical time, as the ongoing war in Ukraine continues to disrupt global food supply chains, particularly […]
WATTALPS, a French startup at the forefront of lithium-ion battery technology, has recently made headlines by securing a substantial €11 million in Series A funding. This investment marks a significant milestone for the company, fueling its ambitions to scale operations and push the boundaries of battery innovation. The funding round drew contributions from a diverse […]
In a significant development within Nigeria’s financial markets, investors have recorded an impressive $389 million oversubscription in the fixed income market, highlighting the heightened demand for Treasury bills (T-bills) amid an environment of economic uncertainty. This oversubscription, primarily concentrated in 364-day paper, reflects investors’ preference for longer-tenor instruments in the current market climate. Oversubscription Details […]
Kenyan social commerce startup Sukhiba Connect has once again made headlines by successfully raising $1.55 million in a seed extension round. This latest funding comes almost a year after the company initially secured $1.5 million in seed funding aimed at expanding its footprint beyond the East African region. The recent round was led by EQ2 […]
Global investment in Artificial Intelligence (AI) is set to reach an astonishing $632 billion by 2028, according to a recent report by the International Data Corporation (IDC). This marks a significant surge in AI spending, reflecting the technology’s growing influence across diverse sectors. Companies worldwide are increasingly turning to AI to drive innovation, enhance operational […]
In a historic demonstration of solidarity, fourteen African nations and a coalition of global partners have pledged over US$ 45 million to the World Health Organization (WHO) in its inaugural Investment Round. This initiative, launched just three months ago, aims to secure sustainable financing for WHO, reinforcing its role at the heart of the global […]
In a landmark move poised to redefine the economic landscape of Kajiado County, the county government has officially launched the Kajiado County Investment Authority Strategic Plan (2024-2029). This comprehensive blueprint is expected to play a pivotal role in guiding investment and development across multiple key sectors within the county over the next five years. The […]
Despite confronting a challenging economic environment marked by slower GDP growth, elevated interest rates, and mounting operational expenses, Kenya's banking...
The United States government shutdown has entered a critical phase as it becomes the second-longest funding lapse in the nation's...
In a landmark move that signals a significant shift in international financial cooperation and the evolving architecture of global finance,...
The Central Bank of Kenya (CBK) has launched a strategic KSh 30 billion voluntary buyback programme for investors holding the...
