In a surprising turn of events, London has reclaimed its position as Europe’s biggest stock market, a title it lost to Paris just two years ago. This shift comes amid a volatile backdrop of political uncertainty in France and a resurgence of investor confidence in the UK, marking a significant moment in the ongoing rivalry […]
In a move that underscores the growing momentum of the renewable energy sector in South Africa, Solarise Africa, a pioneering Energy-as-a-Service provider, has successfully secured a R160 million investment from Mergence Investment Managers. This strategic funding partnership is set to accelerate the deployment of Commercial & Industrial (C&I) scale renewable energy solutions across the country, […]
In an era where globalization and international trade are more critical than ever, Africa is taking significant steps to strengthen its position in the global economy. Kenya’s Prime Cabinet Secretary and Foreign Affairs CS, Musalia Mudavadi, has emphasized the importance of developing robust regional and international trade strategies. Speaking at the Tokyo Investment Conference for […]
Akasa Air, India’s youngest airline, is on the cusp of securing a significant financial boost, with a consortium poised to invest around $125 million into the company. This development marks a pivotal moment for the low-cost carrier, which has rapidly gained market share since its launch two years ago. The investment, led by Bangalore-based Premji […]
In a groundbreaking development, GiGi Investment Group has entered into a strategic partnership with Fuelre4m, a Dubai-based innovator in fossil fuel reforming technology. This alliance represents a significant step forward in promoting sustainable energy solutions across Africa, particularly in industries heavily reliant on carbon-based fuels. As the first Fuelre4m partner on the African continent, GiGi […]
In a landmark investment that reaffirms Tatu City’s status as Kenya’s premier hub for foreign direct investment and industrial growth, Kim-Fay, a leading East African manufacturer and distributor of hygiene, tissue, and home care products, has secured funding from the Norwegian Investment Fund for Developing Countries (Norfund) and I&M Bank. This financing will support the […]
In a significant crackdown on cryptocurrency-related investment fraud, federal authorities have seized nearly $5 million worth of Tether, a digital currency pegged to the U.S. dollar. This operation, led by the U.S. Attorney’s Office for the Eastern District of North Carolina, is part of an ongoing effort to combat sophisticated cyber-enabled fraud schemes that have […]
KwaZulu-Natal’s automotive components manufacturing sector is set to receive a significant boost, thanks to a R1.1 billion investment through a joint venture involving Toyota Motors South Africa, Toyota Tsusho Africa, and Ogihara Thailand Corporation. This collaboration, marked by the establishment of Ogihara South Africa in 2023, is aimed at enhancing the localisation efforts of Toyota […]
In a move set to bolster economic ties and enhance trade relations between Kenya and the European Union (EU), the EU has committed Ksh3.6 billion (€25 million) to finance business development in Kenya. This significant investment is part of the broader Economic Partnership Agreement (EPA) between Kenya and the EU, designed to create new opportunities […]
Tesla’s Strategic Win in Europe Tesla received a notable boost this week following the European Union’s decision to significantly reduce the planned tariffs on Tesla vehicles imported from China. Initially set at 20.8%, the tariff has now been cut to 9%. This decision marks a substantial victory for Tesla, especially as the company grapples with […]
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...
