JPMorgan Chase, the largest U.S. bank and one of the world’s most influential financial institutions, has finally received approval to establish a representative office in Kenya, marking a significant step in its African expansion plans. This approval, granted by the Central Bank of Kenya (CBK), comes almost 12 years after the banking conglomerate first revealed […]
The UK government has heralded the success of its recent International Investment Summit, celebrating a total of £63 billion in investment commitments from a variety of industries. This significant inflow of capital is expected to create nearly 38,000 jobs and boost the UK’s position as a global leader in green energy, infrastructure, and life sciences. […]
JPMorgan Chase, the largest U.S. bank by assets, is making significant strides toward expanding its global footprint with plans to enter the Kenyan and Ivorian markets by the end of 2024. This move marks a significant step for the U.S. banking giant as it seeks to deepen its presence in Africa, a region rich with […]
By International Renewable Energy Agency (IRENA)October 14, 2024 The Accelerated Partnership for Renewables in Africa (APRA) officially launched its Investment Forum today in Nairobi, Kenya. This highly anticipated event brought together a diverse range of stakeholders, including government ministers, investors, project developers, and financial institutions, with a shared objective: to scale up investments that align […]
The World Health Organization (WHO) has secured close to US$ 1 billion in both new and reaffirmed funding commitments as part of its first-ever global Investment Round, showcasing the critical global support for WHO’s mission to advance public health worldwide. During the World Health Summit in Berlin, hosted by Germany, France, and Norway, US$ 700 […]
In a significant move aimed at strengthening trade ties, Saudi Arabia’s Export-Import Bank (Saudi Exim) signed a $25 million credit agreement with South Africa’s Standard Bank Group Ltd. This deal, announced at the Saudi-South African Business Forum in Johannesburg, is expected to enhance trade between Saudi Arabia and South Africa, Africa’s most industrialized economy. This […]
The Kenya Electricity Transmission Company Limited (KETRACO) has signed a landmark $736 million deal with Adani Energy Solutions, a subsidiary of India’s Adani Group, to develop crucial transmission lines and substations. This agreement marks Kenya’s first public-private partnership (PPP) in the energy transmission sector, with Adani committing to raise the entire project funding through a […]
Indian conglomerate Adani Group is in advanced talks with a Middle East-based sovereign wealth fund (SWF) to raise up to $1 billion for its airport business, marking a significant step in its expansion efforts. According to a report by the Economic Times, the funding is aimed at bolstering Adani Airport Holdings in its plans to […]
Introduction The Nigerian bond market has been experiencing a wave of volatility as investors sell off government bonds ahead of the upcoming Debt Management Office (DMO) auction. The sell pressure pushed average yields on government bonds higher, reaching 19.10% in the secondary market, according to traders and market analysts. The bond market in Nigeria has […]
Kenya has taken a significant step in its efforts to combat climate change and promote green investments with the establishment of the Kenya Green Investment Fund. This initiative, developed in collaboration with the World Bank, will initially receive seed capital amounting to USD 40 million (KSh 5.1 billion). The primary goal is to drive the […]
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