In a volatile trading session on Monday, the Adani Group witnessed a dramatic drop in market capitalization, shedding up to $13.4 billion in value, only to claw back much of the losses by the end of the day. The turbulence was triggered by fresh allegations from Hindenburg Research, accusing the head of India’s market regulator, […]
The Africa Property Investment (API) Summit, the continent’s most prestigious real estate gathering, is set to return for its 15th edition on September 19-20, 2024. This year marks a significant milestone as the summit makes its Cape Town debut at the Westin Hotel. With the overarching theme of ‘IMPACT,’ the 2024 API Summit will delve […]
Introduction: A Significant Milestone for Kenya’s Industrial Landscape In a move that underscores Kenya’s growing significance as a hub for technological innovation and industrial development in Africa, CHINT Global, a leading global provider of smart energy solutions, has opened a state-of-the-art manufacturing plant at Graylands Industrial Park in Athi River, Machakos County. This new facility, […]
In a stunning turn of events that has sent shockwaves through India’s financial and political landscape, U.S.-based short-seller Hindenburg Research has accused Madhabi Puri Buch, the head of India’s market regulator, the Securities and Exchange Board of India (SEBI), of holding investments in offshore funds linked to the Adani Group. The allegation, which surfaced on […]
In a significant move aimed at bolstering intra-African trade and driving the continent’s economic growth, the African Export-Import Bank (Afreximbank) announced its ambitious plan to double its financing of intra-African trade from $20 billion in 2021 to $40 billion by 2026. This announcement, made by Haytham ElMaayergi, the bank’s Executive Vice President, Global Trade Bank, […]
In a significant move that underscores the ongoing transformation within Kenya’s sugar industry, an investor is poised to acquire a 40 percent stake in Angata Sugar Mills, a company currently in the process of establishing a new sugar milling factory in Moyoi, Transmara, Narok County. Savannah Crest KE Limited is expected to inject approximately KSh […]
Global merger and acquisition (M&A) activity has continued to demonstrate resilience, with the total deal value exceeding $1 trillion in the first half of 2024, even as the number of transactions has dropped. Meanwhile, initial public offerings (IPOs) have experienced a slowdown, reflecting broader market uncertainties. The global M&A landscape has shown a remarkable capacity […]
The Jelany Africa Business and Investment Forum is set to take center stage in Doha, Qatar, from October 6 to 8, 2024, with a mission to catalyze sustainable development, foster strategic partnerships, and unlock the vast potential of African enterprises. This landmark event is poised to be a key driver in shaping the future of […]
In a dramatic turn of events, the Nairobi Securities Exchange (NSE) has staged a significant rebound, recovering Sh15.7 billion in market value following a turbulent start to the week. The NSE All-Share Index, a key indicator of market performance, gained 1.01 points, or roughly 1%, on Tuesday, ending the day at a robust Sh1.595 trillion […]
The global financial markets are in a state of turmoil as investors grapple with growing concerns about a potential recession in the United States. On Monday, Wall Street experienced significant losses, and Tokyo faced its worst trading day in 13 years. Panic spread across trading floors globally, triggering a broad sell-off in equity markets from […]
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...
