President William Ruto has pledged Kenya’s substantial investment of USD 100 million (Ksh. 13.2 billion) over the next three years into the continent’s multilateral financial institutions. This investment is aimed at increasing Kenya’s shareholding in these institutions, signifying a strong vote of confidence in their potential and impact.
Car & General, a Nairobi Securities Exchange-listed firm, is expanding its footprint in the property sector with plans to launch an Sh800 million mall project in Shanzu, Mombasa. The project, scheduled to begin construction next year and be completed by 2026, aims to capitalize on the upgraded Mombasa-Mtwapa-Kilifi highway, enhancing accessibility and attracting a broad range of tenants.
MTN Chairman, Mcebisi Jonas, highlights Africa’s digital infrastructure investment plan, projecting over $12 billion by 2030.
Exciting news in the African startup ecosystem! Madica, a structured investment programme, has announced its first round of investments in three promising startups.
Kenya Power announces plans to invest Sh258 million in electric vehicles and charging infrastructure, aiming to bolster the country’s e-mobility sector.
Kenya, alongside France and Barbados, takes the lead in mobilizing global efforts to raise $2.4 trillion annually for climate initiatives.
Goodwell Investments, in collaboration with Alitheia Capital, has initiated an impactful investment in OmniRetail, a Nigerian B2B e-commerce platform revolutionizing Sub-Saharan Africa’s informal supply chains.
Capital Markets Authority (CMA) launched their 2023-2028 strategic plan marking a pivotal moment in prioritizing local investors as key drivers of sustainable market growth.
