In a significant development, French businesses are set to amplify their investment in Egypt, with current financial commitments amounting to $7.2 billion across multiple sectors. This was the focal point of a recent meeting between Egyptian Prime Minister Mostafa Madbouly and leaders from the French Chamber of Commerce and Industry, alongside representatives from key French […]
Kenya Airways (KQ) has opted out of selling shares to a strategic investor as part of its recovery plan. The national carrier, predominantly owned by the Kenyan government with a 48.9 percent stake, aims to rejuvenate its operations through an infusion of fresh capital and technical expertise, without diluting existing shareholdings. Allan Kilavuka, CEO of […]
In the latest report from HODL15 Capital, BlackRock and Grayscale emerge as the top holders of Bitcoin globally. BlackRock leads with 305,614 BTC, followed closely by Grayscale with 277,067 BTC. These figures highlight their significant positions in the institutional Bitcoin investment landscape. MicroStrategy follows with 226,331 BTC, demonstrating continued confidence in cryptocurrency as a strategic […]
At the Japan-Africa Business Forum in Tokyo, leaders from the African Development Bank (AfDB) emphasized Africa’s increasing allure as a prime investment destination for Japanese corporations. Highlighting the continent’s robust growth potential and supported by the AfDB’s risk management initiatives, the forum showcased opportunities ripe for exploration. Professor Kevin Chika Urama, Vice President and Chief […]
Worldcoin, a cryptocurrency project known for its innovative approach to digital identity using biometric data, is set to restart operations in Kenya. This move comes after resolving privacy concerns related to its iris-scanning technology used for digital IDs. The project, managed by Tools for Humanity, faced scrutiny over data collection practices but has now received […]
HBX Group has announced the launch of a specialized investment fund aimed at fostering innovation within the travel sector. This new initiative, backed by €50 million in initial capital, follows the success of HBX Group’s TravelTech Lab, which was established in 2023 to support startups and scaleups in the travel technology industry. Under the leadership […]
Africa is experiencing a notable shift in investment trends, particularly in the clean energy sector, despite a challenging global economic environment. In 2023, the overall value of international project finance deals in African nations decreased by 50% to $64 billion. However, the continent’s appeal for greenfield megaprojects has strengthened significantly, attracting several high-value initiatives. Major […]
Two Rivers International Finance and Innovation Centre Special Economic Zone (TRIFIC SEZ) has secured $47.5 million (Sh6 billion) from Vantage Capital, aimed at expanding its infrastructure to accommodate new businesses. The investment will fund the acquisition and development of TRIFIC SEZ’s first office block, the TRIFIC North Tower, along with additional office space to house […]
Brazil’s tax authority is set to increase oversight of foreign cryptocurrency exchanges operating within the country. This week, the tax revenue service will publish an ordinance requiring these exchanges to provide detailed information about their operations and compliance with local regulations. Representations of cryptocurrencies plunging into water, as captured by Reuters/Dado Ruvic, symbolize the volatile […]
TotalEnergies SE and the Nigerian National Petroleum Corporation (NNPC) are set to invest $550 million in a new gas processing facility in Nigeria’s Rivers State, according to sources. This investment aims to enhance both export capabilities and domestic gas supply, marking a significant development for Nigeria’s energy sector. Facility Development and Capacity The facility will […]
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...
