In a landmark move poised to reshape the financial services landscape of the Gulf Cooperation Council (GCC), Dubai-listed Al Ansari Financial Services (AAFS) has announced its acquisition of Bahrain’s BFC Group Holdings WLL (BFCGH) for a substantial $200 million. This strategic acquisition will catapult Al Ansari into the position of the largest remittance and exchange […]
In a significant development for Nigeria’s automotive industry, the Electric Motor Vehicle Company (EMVC) has secured $275 million in Foreign Direct Investment (FDI). This landmark investment, announced by the company’s Chief Innovation and Technical Officer (CITO), Professor Chinedu Ochinanwata, during a press briefing in Beijing, China, marks a pivotal step towards revolutionizing Nigeria’s automotive sector. […]
In a bid to quell the swirling rumors and growing public concern, President William Ruto has come forward to categorically dismiss claims that the government intends to sell Jomo Kenyatta International Airport (JKIA) to private investors. Speaking during a national address at State House on July 24, 2024, Ruto clarified that Kenya is looking to […]
In a groundbreaking move set to reshape the global automotive landscape, Japan’s Mitsubishi Motors is gearing up to join forces with Honda Motor and Nissan Motor. This formidable alliance, with combined annual sales exceeding 8 million vehicles, is poised to become a powerhouse in the industry. This strategic partnership, reported by the Nikkei newspaper, marks […]
In a strategic move to rejuvenate its economy, Nigeria is planning to issue a diaspora bond worth up to $500 million. Announced by Finance Minister Olawale Edun, this ambitious initiative is part of a broader strategy to stabilize the economy and stimulate growth. Scheduled for issuance in the third quarter of the year, this dollar-denominated […]
A Megaproject with Far-Reaching Implications The proposed $1.85 billion investment by Adani Airport Holdings Limited to expand Jomo Kenyatta International Airport (JKIA) marks a pivotal moment for Kenya’s aviation sector. This ambitious project, envisioned as a 30-year public-private partnership (PPP), promises to transform JKIA into a world-class aviation hub, capable of handling increased passenger traffic […]
In a bold move that underscores its commitment to technological innovation, JPMorgan Chase, the financial titan of the United States, has introduced a groundbreaking generative AI bot designed specifically for research analysis. This revolutionary tool, known as “LLM Suite,” is set to transform the landscape of asset and wealth management within the bank. With capabilities […]
A Continental Call to Action The United Nations World Tourism Organization (UNWTO) has launched a groundbreaking initiative aimed at elevating Africa’s tourism profile and unlocking its vast investment potential. This strategic move, driven by the Regional Commission for Africa’s forum, marks a significant moment in the continent’s tourism landscape. The forum, themed “Promoting Africa to […]
Meta Tag: The Central Bank of Kenya’s Hustler Bonds platform offers retail investors access to government securities with an entry point of $5, revolutionizing Kenya’s investment scene. The Central Bank of Kenya (CBK) is making waves with its latest financial innovation, the Hustler Bonds. This new platform is designed to revolutionize the investment scene in […]
Alphabet, the parent company of Google, has made a bold move in the self-driving car race with a staggering $5 billion multi-year investment in Waymo. This announcement, made during Alphabet’s second-quarter earnings call, signals a renewed commitment to positioning Waymo as the leader in autonomous vehicle technology. Waymo’s Road to Ridesharing Supremacy Waymo, formerly the […]
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...
