In a significant move to further strengthen its market position, Flexential, a leading provider of secure and scalable data center solutions, has announced a major strategic investment from Morgan Stanley Infrastructure Partners (MSIP). This substantial investment, which is also supported by the continued backing of GI Partners, marks a pivotal moment in Flexential’s growth trajectory, […]
Rwanda is making strides toward becoming a significant player in the global pharmaceutical industry, with its Social Security Board (RSSB) embarking on a third attempt to invest in the sector. This initiative involves deploying pension funds into a high-potential yet uncertain industry, demonstrating Rwanda’s commitment to achieving both economic growth and improved healthcare outcomes. The […]
Kenyan President William Ruto has called upon commercial banks to join the Pan-African Payments and Settlement System (PAPSS) in order to minimize dependence on the U.S. dollar for intra-African trade transactions. His statements came during the official launch of Kenya’s Micro, Small, and Medium Enterprises (MSME) Accelerator Programme and the release of the Banking Industry […]
The financial world is experiencing a seismic shift as the U.S. Securities and Exchange Commission (SEC) granted approval for eleven Bitcoin Exchange-Traded Funds (ETFs) on October 18, 2024. These ETFs, which will trade on both the New York Stock Exchange (NYSE) and the Chicago Board Options Exchange (CBOE), represent a historic milestone in the integration […]
The long-awaited sale of ExxonMobil’s onshore assets in Nigeria to Seplat Energy has finally received regulatory approval, marking a major milestone in Nigeria’s oil industry. This deal, valued at $1.28 billion, has been under intense scrutiny and awaiting approval for over two years since it was first announced in February 2022. The approval signals the […]
The global climate crisis requires immediate, innovative solutions to mitigate its devastating impacts. Across sub-Saharan Africa, a region especially vulnerable to the effects of climate change, the need for climate resilience is increasingly urgent. In response, venture capital funds like Equator Africa are stepping up to support technology-enabled start-ups focused on delivering climate solutions. Recently, […]
Bloomberg has introduced a groundbreaking solution designed to provide investors with an in-depth assessment of nature-related impacts and dependencies across the value chain of up to 45,000 companies. The new offering seeks to address one of the most pressing global challenges: the financial risks associated with nature loss and the degradation of biodiversity. This tool […]
The recent $9 billion investment in six luxurious cruise ships under Nigeria’s IPADA Initiative marks a pivotal moment for Africa’s maritime infrastructure and economic future. Spearheaded by AKL Lumi, Africa’s first digital currency backed by solar energy and gold, this initiative presents enormous potential to transform Africa’s ocean trade, tourism, and financial stability. The project’s […]
Kenya’s National Treasury is taking significant steps to reduce the dominance of banks in the government securities market, aiming to broaden the pool of investors and lower the high interest rates that the country has faced. In its annual borrowing plan for the 2024/2025 fiscal year, the Treasury outlined reforms aimed at expanding access to […]
NEQSOL Holding, a global investment group with a diversified portfolio spanning telecommunications, energy, construction, and high-tech industries, has announced its acquisition of the United Mining and Chemical Company JSC (UMCC), one of the world’s largest producers of titanium ore. The deal marks a significant step in NEQSOL’s strategic international expansion and reinforces its growing influence […]
A banking ownership change has quietly reshuffled one of Kenya's most ambitious road safety projects. KCB Bank has formally assumed...
The world is carrying more debt than at any point in recorded financial history. According to the Institute of International...
China has long projected an image of invincibility in the global critical minerals race. Its refineries process the lion's share...
The Republic of Kenya has formally closed a tender offer for two series of U.S. dollar-denominated sovereign bonds, repurchasing $415.4...
