WEMA Bank Plc has announced the successful completion of its N150 billion Rights Issue, which opened on April 14, 2025, and closed on May 21, 2025. The exercise has received formal approval from both the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC), marking a significant milestone in Nigeria’s banking sector […]
African farmers and agribusiness entrepreneurs are poised to benefit from a transformative $250 million (Sh37 billion) investment initiative that promises to reshape the continent’s agricultural value chains. The Global Supply Chain Support Fund, backed by German development lender KfW and Japan’s JICA, is targeting strategic investments across three key regions: East Africa, West Africa, and […]
In a major vote of confidence for American energy infrastructure, French multinational TotalEnergies has committed to a substantial investment in the Rio Grande LNG facility, marking another significant milestone in the rapidly evolving global liquefied natural gas market. The company’s Final Investment Decision (FID) for Train 4 represents more than just another infrastructure project—it signals […]
In a groundbreaking move that underscores the growing investment appetite for African infrastructure, Saudi Arabia’s Vision Invest has completed a landmark $700 million investment in ARISE Integrated Industrial Platforms (Arise IIP), marking the Saudi firm’s first direct investment on the African continent. This substantial capital injection represents one of the largest private infrastructure raises in […]
The Kenyan government has signed a US$ 150 million (KSh 16.38 billion) financing agreement with United Bank for Africa (UBA) as part of a landmark US$ 1.35 billion (KSh 175bn) programme to clear unpaid road construction bills and revive stalled projects, marking one of the country’s boldest experiments with securitization and setting a potential model […]
South Korean President Lee Jae Myung issued a stark warning on Thursday that a massive U.S. immigration raid resulting in the detention of hundreds of workers at a Hyundai Motor business project could fundamentally reshape investment decisions made by Korean companies, potentially jeopardizing billions of dollars in planned U.S. investments. Push boundaries, reach goals, achieve […]
Saudi Arabia’s Vision Invest has completed a landmark $700 million investment in pan-African industrial zone developer ARISE Integrated Industrial Platforms, marking one of the largest private infrastructure transactions in Africa to date and the Saudi holding company’s first strategic foray into the continent. The capital raise, announced Wednesday by Dubai-headquartered ARISE IIP, includes both primary […]
Airtel Kenya has officially broken ground on what will become East Africa’s largest data centre, marking a pivotal moment in the region’s digital transformation journey. The 44-megawatt facility at Tatu City represents a $150 million investment by Airtel Africa through its data centre arm, Nxtra by Airtel Africa, designed to meet the latest infrastructure requirements […]
In a move that underscores the deepening ties between traditional financial markets and the cryptocurrency industry, Nasdaq has committed $50 million to Gemini, the exchange founded by Cameron and Tyler Winklevoss. The deal, confirmed ahead of Gemini’s long-awaited initial public offering (IPO), positions the 53-year-old exchange operator as a strategic investor in one of the […]
The African Export-Import Bank (Afreximbank) has launched the African Trade and Distribution Company (ATDC), seeded with US$1 billion to transform how the continent trades raw materials and value-added products. The initiative includes a key subsidiary, ATDC Minerals (ATMIN), focused on minerals and hydrocarbons. The launch, held in Algiers during the Intra-Africa Trade Fair, comes 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...
