East African telecommunications operator Safaricom Plc’s annual profit jumped 67%, beating expectations, after its unit in populous Ethiopia narrowed its loss.
East African telecommunications operator Safaricom Plc’s annual profit jumped 67%, beating expectations, after its unit in populous Ethiopia narrowed its loss.
Pedestrians pass a Safaricom Plc store in Nairobi, Kenya.
Africa50, a pan-African infrastructure investor, plans a fourth and final fund raising in June, as more financiers allocate capital to infrastructure projects on the continent.
Africa50, a pan-African infrastructure investor, plans a fourth and final fund raising in June, as more financiers allocate capital to infrastructure projects on the continent.
People swim in the sea at a dock overlooking the port in Port Sudan, Sudan.
British International Investment intends to tap £7 billion ($9.45 billion) held by insurers, pension and sovereign wealth funds as co-investment into various projects globally over the next five years.
British International Investment intends to tap £7 billion ($9.45 billion) held by insurers, pension and sovereign wealth funds as co-investment into various projects globally over the next five years.
British International Investment Chief Executive Officer Leslie Maasdorp Photographer: Aaron Schwartz/Bloomberg
Rising geopolitical uncertainty is driving African financiers to tap domestic capital, as governments roll out policies, regulations and incentives to fund projects.
Rising geopolitical uncertainty is driving African financiers to tap domestic capital, as governments roll out policies, regulations and incentives to fund projects.
Pedestrians walk between office buildings in the Central Business District of Lagos, Nigeria.
The Africa Finance Corp. and the African Development Bank committed $500 million each to a railway that will connect Zambia’s copper mines to global markets through the Angolan port of Lobito.
The Africa Finance Corp. and the African Development Bank committed $500 million each to a railway that will connect Zambia’s copper mines to global markets through the Angolan port of Lobito.
Africa’s infrastructure challenge is shifting from raising capital to deploying funding in projects that support trade, industry and long-term economic growth on the continent, according to the Africa Finance Corp.
Africa’s infrastructure challenge is shifting from raising capital to deploying funding in projects that support trade, industry and long-term economic growth on the continent, according to the Africa Finance Corp.
An aerial view of vehicles driving along the Lagos-Calabar Coastal Highway in the outskirts of Lagos, Nigeria.
Africa’s infrastructure challenge is shifting from raising capital to deploying funding in projects that support trade, industry and long-term economic growth on the continent, according to the Africa Finance Corp.
Africa’s infrastructure challenge is shifting from raising capital to deploying funding in projects that support trade, industry and long-term economic growth on the continent, according to the Africa Finance Corp.
An aerial view of vehicles driving along the Lagos-Calabar Coastal Highway in the outskirts of Lagos, Nigeria.
The Biodiversity Finance Initiative is holding early-stage talks on issuing a $100 million bond to fund marine and terrestrial projects on the Kenyan coast.
The Biodiversity Finance Initiative is holding early-stage talks on issuing a $100 million bond to fund marine and terrestrial projects on the Kenyan coast.
A member of the rescue tags a young green sea turtle in Watamu, Kenya.
Private renewable-energy investments in Africa are set to accelerate as the Iran war drives nations to try and cut their dependence on imported oil and gas.
Private renewable-energy investments in Africa are set to accelerate as the Iran war drives nations to try and cut their dependence on imported oil and gas.
Photovoltaic panels at a solar plant in Evander, South Africa.
Roam Electric, a Kenyan e-motorcycle manufacturer, has seen demand double as consumers shift away from gasoline amid price surges driven by the Iran war.
Roam Electric, a Kenyan e-motorcycle manufacturer, has seen demand double as consumers shift away from gasoline amid price surges driven by the Iran war.
Roam Electric bikes in Nairobi. Photographer: Simon Maina/AFP/Getty Images
Less than half of Kenya’s registered tax payers are settling their obligations, resulting in a collection gap of at least 982 billion shillings ($7.6 billion), according to the nation’s revenue agency.
Less than half of Kenya’s registered tax payers are settling their obligations, resulting in a collection gap of at least 982 billion shillings ($7.6 billion), according to the nation’s revenue agency.
Gabon is mobilizing $200 million from the likes of Bezos Earth Fund to help protect at least 30% of its terrestrial, fresh-water and marine ecosystems by 2030.
Gabon is mobilizing $200 million from the likes of Bezos Earth Fund to help protect at least 30% of its terrestrial, fresh-water and marine ecosystems by 2030.
Kenya’s national carrier plans to add flights on a number of routes, after seat occupancy to some destinations rose to a record as passengers switched to the airline to avoid conflict in the Middle East.
Kenya’s national carrier plans to add flights on a number of routes, after seat occupancy to some destinations rose to a record as passengers switched to the airline to avoid conflict in the Middle East.
An Embraer SA 190 passenger aircraft, operated by Kenya Airways Ltd.
Darshan Chandaria, the chief executive officer of one of Kenya’s oldest conglomerates, is seeking to boost governance standards and create a path for investments into the group’s various businesses with a family office.
Darshan Chandaria, the chief executive officer of one of Kenya’s oldest conglomerates, is seeking to boost governance standards and create a path for investments into the group’s various businesses with a family office.
The initial public offering of Kenya’s state-run pipeline company, the first such sale for the East African nation in more than a decade, exceeded its target by 5.7%
The initial public offering of Kenya’s state-run pipeline company, the first such sale for the East African nation in more than a decade, exceeded its target by 5.7%
Kenya’s fourth-biggest bank by assets plans to piggyback on its new anchor shareholder Nedbank Group Ltd. to woo high-net-worth East Africans looking to grow their wealth outside the continent.
Kenya’s fourth-biggest bank by assets plans to piggyback on its new anchor shareholder Nedbank Group Ltd. to woo high-net-worth East Africans looking to grow their wealth outside the continent.
Signage for NCBA Group Ltd. on an office building in Nairobi, Kenya, on Wednesday, July 5, 2023. Kenya’s inflation rate should be back within the central bank’s target bank of 2.5% to 7.5% by September at the latest, Governor Kamau Thugge says in his first briefing after a monetary policy committee meeting.
Kenya’s shilling has traded in an unusually narrow band against the dollar for 18 months, emerging as one of the world’s most stable currencies after a bruising 2023 rout.
Kenya’s shilling has traded in an unusually narrow band against the dollar for 18 months, emerging as one of the world’s most stable currencies after a bruising 2023 rout.
Kenya has reached its target 106.3 billion shillings ($824.1 million) from the initial public offering of its state-run pipeline company, the first such sale for the East African nation in more than a decade.
Kenya has reached its target 106.3 billion shillings ($824.1 million) from the initial public offering of its state-run pipeline company, the first such sale for the East African nation in more than a decade.
Kenya raised $2.25 billion of bonds to finance a debt buyback, joining a wave of African sovereigns tapping international markets as borrowing costs ease.
Kenya raised $2.25 billion of bonds to finance a debt buyback, joining a wave of African sovereigns tapping international markets as borrowing costs ease.
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