Today marks a significant milestone in EU-Kenya relations as the Economic Partnership Agreement (EPA) between the European Union and Kenya officially enters into force. Signed in December 2023, this agreement aims to strengthen bilateral trade, boost investment, and foster sustainable economic development. Kenya, recognized as East Africa’s economic hub, stands to benefit greatly from enhanced […]
Kovitz, a leading wealth management firm, is set to exceed $24 billion in assets under management (AUM) following the announcement of a merger with Relative Value Partners Group, LLC (RVP). This move is a significant step in Kovitz’s growth strategy under the Focus Financial Partners umbrella. The merger with RVP, expected to close in the […]
Bamboo, the Nigerian online stock platform, has extended its reach into South Africa, a move set to redefine investment opportunities across the continent. This expansion allows South African users to invest directly in US stocks through their smartphones, facilitated by Bamboo’s newly acquired financial services provider license from the South African Financial Sector Conduct Authority […]
Stanlib Kenya Fund and its Real Estate Investment Trust (REIT) operations are entering a critical phase, with the Capital Markets Authority (CMA) granting stakeholders a 45-day window to address any unresolved issues. This follows Stanlib Kenya’s formal notification to the CMA of its intention to cease licensed activities, a move the Authority has accepted, paving […]
Abu Dhabi’s United Al Saqer Group (UASG) is set to invest $200 million in London-based visual effects and animation studio DNEG Group. This significant investment values DNEG at over $2 billion and aims to elevate the media and technology landscape in the UAE capital. Establishing a Media Hub in Abu Dhabi A key part of […]
Cairo recently hosted a pivotal investment conference attended by President Abdel Fattah el-Sissi and EU Commission Chief Ursula von der Leyen. The gathering marked a significant milestone in Egypt-EU relations, resulting in the signing of substantial economic agreements aimed at bolstering Egypt’s economy amidst pressing challenges. In March, Egypt secured a $7.9 billion funding package […]
Recent unrest in Kenya, triggered by protests and political instability, has prompted several global firms to reassess their investment plans in the country. Despite President Ruto’s announcement to withdraw the Finance Bill 2024, concerns persist among foreign investors regarding ongoing uncertainties. The decision by some firms to delay further investments is influenced by various factors, […]
At the Breakthrough Energy Summit today, EU-Catalyst announced a significant €75 million investment aimed at advancing cutting-edge climate technologies through Rondo Energy’s innovative industrial decarbonization projects. This funding, supported by Breakthrough Energy Catalyst, the European Investment Bank (EIB), and the European Commission, marks a pivotal step towards enhancing sustainability across Europe. Mario Fernandez, Head of […]
The African Development Bank (AfDB) has embarked on a strategic mission in Tokyo to collaborate with leading Japanese firms in enhancing economic development across Africa. This initiative focuses on bolstering value addition to raw materials and increasing productivity across key sectors on the continent. Led by Vice Presidents Kevin Kariuki, Solomon Quaynor, and Kevin Urama, […]
Kenya is preparing to launch its own rendition of the “Year of Return” initiative, following Ghana’s successful implementation in 2019. Spearheaded by President William Ruto, this initiative aims to attract members of the African diaspora worldwide to reconnect with their ancestral homeland and contribute to Kenya’s economic growth. The Year of Return initiative, originally championed […]
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...
