In a remarkable turnaround, the Nairobi Securities Exchange (NSE) has seen an impressive surge in investor wealth, with capitalization gains reaching KSh 419.5 billion by the end of October 2024. This increase reflects a growing market confidence bolstered largely by domestic investors and positive economic indicators. The bullish trend has translated into an exceptional 29.2% […]
iCapital, a leading global FinTech platform that facilitates access to alternative investments for wealth and asset managers, has entered into a definitive agreement to acquire AltExchange, a cutting-edge data aggregation and management provider. This acquisition is set to elevate iCapital’s data management capabilities and enhance its technology infrastructure, ultimately offering advisors and asset managers more […]
Standard Chartered, a global banking leader in cross-border finance, and British International Investment (BII), the UK’s development finance institution and impact investor, have announced the renewal of a $350 million risk participation agreement. This strategic facility is designed to bolster the trade finance needs of small and medium-sized enterprises (SMEs) and larger corporations across Africa […]
Kenya’s previously tax-free infrastructure bonds, hailed for their role in financing critical development projects, are set to lose their tax-exempt status following plans by the National Treasury to reintroduce withholding tax on gains from these bonds. This move, part of broader fiscal reforms outlined in the reintroduced Finance Bill 2024, signals a significant policy shift […]
The Nationality, Passports, and Residence Affairs (NPRA) of Bahrain has successfully issued over 10,000 Golden Residency permits to individuals from 99 different countries. This strategic move forms part of Bahrain’s concerted efforts to enhance its residency system, fuel economic growth, and attract a diverse range of skilled talent. The initiative aligns with directives from His […]
The Competition Tribunal’s decision to block a major merger between Vodacom, South Africa’s leading telecom operator, and fibre network operator Maziv, is expected to have significant repercussions on the telecommunications industry. Analysts warn that this could derail the broader strategy of using mergers and acquisitions (M&A) to rapidly expand digital infrastructure, potentially slowing sector growth […]
The Central Bank of Kenya (CBK) has reported that UBA Kenya breached capital requirements, failing to meet the 8% minimum core capital-to-deposit ratio due to ongoing losses. In a report highlighting regulatory breaches among Kenyan banks, the CBK noted that UBA Kenya’s core capital-to-deposit ratio dropped significantly from 29.46% in 2022 to 7.92% in 2023, […]
The global race to address climate change and achieve net-zero emissions by 2050 demands substantial investments, yet a new report from Moody’s Investors Service warns that the financial resources necessary for this transition are still far from sufficient. According to the report, a staggering $2.7 trillion investment gap per year could undermine the global ambition […]
South Africa is adjusting its financial strategies to address complex economic shifts, both domestically and globally, by holding weekly auctions for inflation-linked bonds. This step forms part of a broader debt management approach intended to stabilize the national economy, especially as the rand remains relatively steady despite significant changes in both the global economy and […]
Nairobi Gate Industrial Park, a leading logistics and warehousing hub located along Nairobi’s Eastern Bypass, has committed Sh903 million (around $7 million) to expand its industrial capacity. This new phase of development adds 130,000 square feet of modular warehouse units designed to support Kenya’s growing light manufacturing sector, including agro-processing and textiles. The industrial park, […]
Malaysia is stepping up its climate and sustainability ambitions with a bold financial strategy designed to channel billions of ringgit...
Several Chinese automakers including BYD, Forthing, Changan and GAC took center stage at Cambodia’s largest annual auto show, which opened...
Tunisia’s Ministry of Industry, Energy and Mines has launched a tender for the development of a 300 megawatt (MW) solar...
The London Stock Exchange Group (LSEG) has unveiled a new suite of sustainability ratings, ESG scores and analytics designed to...
