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.

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.

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.

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.

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.

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.

At least 37 people died in flooding after heavy rains in several parts of Kenya on Friday night.

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%

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 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 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.

Kenya and Ivory Coast are the latest African nations to return to the international bond market, seeking to take advantage of lower borrowing costs and a risk-on sentiment to raise funds.

Maser Group, a closely held Dubai-based company, is pivoting to investment in farmland and data centers across Africa as demand for technology infrastructure and the need for food security surge.

The head of Kenya’s Independent Electoral and Boundaries Commission resigned, 18 months before elections scheduled for August next year.

Moody’s Ratings upgraded its assessment of Kenya’s debt, citing a reduced risk of default in the near-term. The nation’s dollar bonds rallied.