Acorn Holdings, a key player in real estate development, announced a significant increase in dividends for its unitholders across its real estate investment trusts (Reits). Following the successful distribution of profits from its development Reits, Acorn has raised its total dividends to Sh482.8 million, up from Sh 192.48 million. In a notable move, the Acorn […]
Leading the charge in bolstering the crypto venture capital landscape, esteemed investors Marc Andreessen, Accolade Partners, and Galaxy Digital have collectively injected $75 million into 1kx, a prominent player renowned for its strategic investments in early-stage crypto ventures. This infusion not only fortifies 1kx’s market standing but also signifies a significant milestone in digital asset […]
Nestlé, the global food and beverage giant, has announced a significant investment of R2.5 billion ($131 million) over the next five years in its collaboration with Black-owned businesses across eastern and southern Africa. This commitment aims to bolster sustainable procurement practices, facilitate supplier partner development, and promote agro-processing initiatives within its value chain. The decision […]
NCBA Group, a key player in East Africa’s financial sector, has announced impressive financial results for the fiscal year ending December 2023. The bank reported a notable 56.2 percent surge in net profits, reaching Sh21.4 billion compared to Sh13.7 billion in the previous year. As a testament to its robust performance, NCBA has declared a […]
ANAVA, a fund of funds supported by the World Bank, has pledged €4 million ($4.3 million) into Africa’s Janngo Capital Start-up Fund (JCSF), marking its inaugural investment in a pan-African venture. The investment aims to bolster approximately 25 early-stage tech startups, primarily in Francophone Africa, with a special focus on Tunisia. Janngo Capital’s mission is […]
Dubai Investments Park (DIP) Angola has announced a significant step forward in its development journey through a strategic collaboration with China Harbour Engineering Company Ltd (CHEC) for Phase 1A Infrastructure Development. This partnership marks a pivotal moment in the creation of a modern, 2,000-hectare mixed-use residential, commercial, and industrial hub in Angola, Africa. CHEC, a […]
The Nairobi Securities Exchange (NSE) witnessed a significant surge on Tuesday, boosting investor wealth by Sh95.53 billion, marking its largest single-day gain in 18 months. This propelled the market capitalization to Sh1.831 trillion by day’s end. Local investors, particularly institutional players, drove this surge, showing a strong preference for blue-chip stocks. Analysts attribute this to […]
The Saudi Investment Bank (SAIB) has received regulatory approval from the Capital Market Authority (CMA) for its proposed capital hike, marking a significant milestone for the institution. Under the approved plan, SAIB will issue one bonus share for every four owned shares, reflecting its commitment to strengthening its financial position. To implement the capital increase, […]
Africa Finance Corporation (AFC) has announced the successful closure of a significant syndicated loan facility worth $1.16 billion. Initially set at $1 billion, the offering saw an impressive oversubscription rate of 49%, reflecting strong investor interest in AFC’s mission to address Africa’s infrastructure deficit. The increased facility size underscores AFC’s commitment to accelerating sustainable solutions […]
BlackRock, a global asset management giant overseeing $9.1 trillion in assets, has reentered the Nairobi Securities Exchange (NSE) after a four-year hiatus, marking a significant development for Kenya’s financial sector. Governor Kamau Thugge of the Central Bank of Kenya revealed that BlackRock identified Kenya among ten global economies for potential investment opportunities. Following discussions, BlackRock […]
Kenya, a vibrant East African economic hub, finds itself at a critical juncture, grappling with persistent challenges of corruption, illicit...
The United States labor market delivered a robust performance in June, with job growth surpassing economists' forecasts and the unemployment...
Africa is on the cusp of a profound digital transformation, with its data centre sector emerging as a critical backbone...
The vibrant city of Nairobi is currently hosting a pivotal event poised to redefine Africa's investment landscape: the inaugural NextFrontierAfrica...
