Uganda-Tanzania Oil Pipeline Faces Funding Hitches
Climate activists opposed to the East African Crude Oil Pipeline (EACOP) have pressured six western banks to cease their funding pledges to the project, complicating its development. Now equity is [...]
Kenya’s Economy in 2024: Challenges, Policy Shifts, and Investment Opportunities
Kenya’s economy in 2024 has been a story of shifting tides: a blend of economic pressures and growth prospects, policy recalibrations, and an evolving investment landscape. While the first half [...]Africa's Financial Markets Expand in 2024 on Economic Recovery Absa Group Survey
Africa’s financial markets have expanded at the fastest pace since 2017 due to the overall recovery of economies bouncing back from global shocks, according to a survey by Absa Group. [...]Nairobi Securities Exchange To Launch Options Derivatives Trading
The Nairobi Securities Exchange Plc (NSE) is set to introduce Options Derivatives trading on its Derivatives Market (NEXT) following approval from the Capital Markets Authority. The introduction will provide investors [...]US Approves $458mn Grant to Zambia as Race for Raw Materials Heats Up
Zambia and the United States (US) have signed a $491mn Zambia Farm-to-Market Compact to boost economic growth in the latter, in what is the latest in a series of deals [...]
JP Morgan CEO Jamie Dimon Meets President Ruto in Nairobi
President William Ruto met JP Morgan CEO Jamie Dimon at State House Nairobi, who had visited Kenya as part of his African tour, on Thursday. “Kenya has tremendous appeal as [...]Investors to Pay Mining Royalties at Cargo Loading Point
Investors in the mining sector will now be required to pay royalties at the point of loading the cargo, the Ministry of Mining, Blue Economy and Maritime Affairs has said. [...]Japan Loans African Development Bank US$ 421mn
The African Development Bank Group (AfDB) and the Japan International Cooperation Agency (JICA) have signed a landmark 51.67 billion Japanese Yen (US $421mn) concessional donor loan. We wouldn't have had [...]
Investors vs “Investors”
Most “investors” in Kenya have no incentive to make money. None. To accelerate growth in Africa, we need capital—not deployed from a firehose—but strategically placed by skilled capital allocators incentivized [...]
Kenyan Climate Tech Company TERA Carbon Launches Biochar Facility in Kisumu
A Kenyan climate-focused company, TERA, has initiated a project in Kisumu that will convert agricultural waste into biochar, which is an alternative fertilizer that can enhance soil water retention. Our [...]Benin Pledges $2mn to the African Development Bank's Fund
Benin has pledged $2 million to the African Development Fund (ADF), the concessional fund behind the African Development Bank Group (AfDB), joining six other countries that contribute to the regional [...]Investors Flood T-Bills Amid Interest Rate Cuts
Investor demand for Treasury bills surged in the weekly auction, recording the steepest oversubscription rate in 2024. Demand remained skewed to the shorter term 91-day paper as investors continue to [...]
