Adenia Partners (“Adenia”), a leading private equity firm focused on growth opportunities across Africa, has announced a significant expansion into Egypt, marking the establishment of its on-the-ground presence in North Africa’s most populous country. This move is part of Adenia’s broader strategy to capitalize on emerging investment opportunities across the continent and reflects its strong […]
Kenya has experienced a significant boost in foreign portfolio investments over the past year, reflecting improved investor sentiment and growing confidence in the country’s economic prospects. According to the latest data from the Central Bank of Kenya (CBK), foreign investments in portfolio assets such as stocks, bonds, and other financial instruments have more than doubled […]
In a significant move to bolster the United Kingdom’s economic prospects, Prime Minister Keir Starmer is set to convene the inaugural Council of Nations and Regions next Friday, 11 October, in Scotland. This Council will bring together leaders from across the UK to discuss strategies for boosting investment and economic growth, just three days ahead […]
The International Finance Corporation (IFC) has made a significant commitment to Africa’s climate tech sector by announcing a $5 million investment in the Equator Africa Fund I. This $5 million is part of a larger $54 million pool aimed at addressing the financing gaps that exist in Africa for climate tech innovation. This investment, which […]
Britam Asset Managers, one of Kenya’s leading investment management firms, has launched a USD Fixed Income Fund aimed at providing both local and international investors with a secure and competitive investment option amidst increasing economic volatility. The new fund, which offers a diversified portfolio of fixed-income securities, is designed to deliver attractive returns while safeguarding […]
The global bank messaging network SWIFT will initiate live trials of tokenised assets and digital currency transactions next year, marking a significant advancement in the slow-moving integration of digital currencies into the traditional financial system. This announcement from SWIFT, which plays a critical role in the global financial infrastructure, represents a milestone as financial institutions […]
ARISE Integrated Industrial Platforms (ARISE IIP), a pan-African developer and operator of industrial parks, has made headlines by securing $443 million in new capital to expand its operations across 12 African countries. The funding, primarily sourced from major African financial institutions, is a strategic step toward accelerating the industrialization of the continent. This capital will […]
Kenya’s capital, Nairobi, is on the brink of a significant transportation overhaul as the World Bank is set to inject billions into the development of a new 58-kilometer commuter rail system. This ambitious project is part of the wider Kenya Urban Mobility Improvement Project (KUMIP), which aims to streamline the city’s transport services, reduce road […]
OpenAI, the pioneering artificial intelligence research lab behind the popular ChatGPT, has successfully secured $6.6 billion in funding, boosting its valuation to a staggering $157 billion. This round of investment attracted major participants, including returning venture capital firms like Thrive Capital and Khosla Ventures, along with tech giants such as Microsoft and Nvidia. Additionally, investment […]
Zambia has secured a significant investment of $58 million aimed at bolstering its digital infrastructure, an achievement driven by the government’s removal of taxes on the importation of digital equipment. This initiative, implemented since 2021, has enabled the country to establish vital fiber optic connections with its eight neighboring countries, significantly enhancing regional connectivity and […]
The Government of Germany, in partnership with the Government of Kenya and the United Nations High Commissioner for Refugees (UNHCR),...
The United Arab Emirates is positioning itself for another year of impressive economic expansion, with government projections indicating that the...
The Republic of South Africa has officially acceded to the Establishment Agreement of the African Export-Import Bank (Afreximbank), marking a...
The Nairobi Securities Exchange has entered uncharted territory as Safaricom's newly launched Ziidi Trader platform triggers unprecedented retail participation, fundamentally...
