July 20, 2023 The African Development Fund (ADF) has approved the establishment of a Youth Entrepreneurship Investment Bank (YEIB) in Liberia to unleash the business potential of young Liberians. Approximately $16 million has been allocated to fund this strategic initiative, which aims to support youth-led micro, small, and medium enterprises in Liberia’s agribusiness and allied […]
June 19, 2023 The African Securities Exchange Association (ASEA) and the United Nations Economic Commission for Africa (ECA) have recently entered into a Memorandum of Understanding (MoU) to foster closer collaboration and drive financial market development and integration on the African continent. In a joint statement issued on Wednesday, the two organizations emphasized that the […]
July 21, 2023 In a remarkable move to bolster economic growth and tackle poverty in Ghana, the Norwegian Investment Fund for Developing Countries (Norfund) has recently injected a substantial investment of $10.5 million into Miniplast, a prominent Ghanaian manufacturing company. With an impressive investment portfolio of approximately $3.1 billion in Sub-Saharan Africa, Norfund has taken […]
July 14 2023 The Africa Prize For Engineering competition witnessed the emergence of joint winners. Anatoli Kirigwajjo from Uganda and Edmund Wessels from South Africa achieved a remarkable tie for first place as they showcased their groundbreaking innovations, YUNGA and FlexiGyn, before a panel of esteemed judges. This momentous occasion led to both engineers being […]
In a significant boost to the agricultural sector in Kenya, the United States government has committed $12 million towards reviving the pyrethrum sector. Pyrethrum is a valuable crop used in the production of natural insecticides and is known for its effectiveness in controlling pests. The investment aims to rejuvenate the pyrethrum industry, which has faced […]
London-based asset manager Gresham House has been acquired by private equity firm Searchlight Capital in a cash transaction totaling nearly £470 million. Gresham House, which currently oversees £8 billion in investor funds, focuses on investing in alternative assets such as battery storage, forestry, energy from waste, and vertical farming. Shareholders of Gresham House will receive […]
The office real estate sector has witnessed a remarkable surge in institutional investment, reaching a staggering $2.7 billion in the first half of 2023, representing a substantial 2.5 times increase compared to the previous year. This surge in investment highlights the sustained confidence among investors regarding the sector’s growth potential and attractive returns. According to […]
The Financial Stability Board (FSB), an international organization responsible for monitoring the global financial system, has introduced a comprehensive global regulatory framework for cryptocurrencies. These guidelines, recommended to the G20 countries, are based on the principle of “same activity, same risk, same regulation.” On July 17, the FSB published a public note and two separate […]
In a bid to explore investment opportunities and strengthen trade relations, a delegation of 30 Saudi Arabian companies has arrived in Nairobi, Kenya. The visit is expected to boost bilateral trade between the two countries and open up new avenues for economic cooperation. The delegation, led by prominent Saudi’s Minister of Investment Khalid Al-Falih, is […]
July 13, 2023 In a recent report released by the Saudi Public Investment Fund (PIF), it has been revealed that the fund suffered an investment loss of $11 billion in the year 2022. This significant loss has raised concerns about the fund’s investment strategy and its impact on the Saudi economy. According to the report, […]
A new report from the Kenya National Chamber of Commerce and Industry (KNCCI) paints a stark picture of Kenya’s job...
In the interconnected global economy, trade between major economic players can be a source of tension, especially when tariffs and...
In a significant move aimed at addressing long-standing pension arrears, Nigeria’s Federal Executive Council (FEC) has approved the issuance of...
In a strategic move poised to redefine Kenya's financial landscape, Safaricom and the Kenya Bankers Association (KBA) have jointly proposed...