In a move poised to reshape cross -border investment within Asia, Labuan-based Roths Investment Bank (RIB) has formed a high-impact partnership with Central Wealth Group Holdings Ltd (CWG), a prominent financial services institution headquartered in Hong Kong. This collaboration is set to enhance RIB’s ability to streamline cross-border investment access across Southeast Asia, Hong Kong, […]
In a challenging third quarter, MTN Nigeria Communications Plc reported a loss after tax of N514.9 billion for the nine months ending September 30, 2024, primarily due to the ongoing economic struggles facing Nigeria. The telecom giant’s financial performance was significantly impacted by the devaluation of the naira, a decline in subscribers, and an inflationary […]
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 […]
Paris-based investment firm RGreen Invest has reached a €900 million final close for Infragreen V, the fifth equity vintage of...
Japanese automaker Honda Motor Co. has cancelled the development of three electric vehicle models that were planned for the North...
Electric vehicle charging company Electreon has completed its acquisition of InductEV Inc., a U.S.-based provider of high-power stationary wireless charging...
The United States Department of Energy (DOE) has unveiled a $1.9 billion funding opportunity aimed at accelerating upgrades to the...
