• d.light and Chapel Hill Denham have closed $7.4 million in securitized financing to fund off-grid solar expansion in Nigeria
• The financing by Chapel Hill Denham’s Nigeria Infrastructure Debt Fund aims to scale up d.light’s low-cost pay-go offering of affordable, solar-powered products targeted at low-income households.
• This transaction signifies a pivotal stride in sustainable infrastructure investment in Nigeria, says Bolaji Balogun, CEO of Chapel Hill Denham.

d.light, a global provider of household products and affordable finance for low-income households, and Chapel Hill Denham, Nigeria-based alternatives asset manager, have sac à dos eastpak jordan proto max 720 yeezy boost 350 v2 hyperspace yeezy shoes under 1000 inflatable kayak sit top kayak custom kings jersey nike air max 90 futura sac à dos eastpak deuce vaughn jersey nike air max 90 futura 8 ft kayak kansas city chiefs crocs nike air jordan 1 elevate low kansas city chiefs crocs announced closing a …

• Official data shows that diaspora remittances to Kenya increased to $412.4 million in January 2024, compared to $372.6 million in December 2023.
• This represents an 18% jump compared to similar month in 2022 as well as 10.7% month-on-month increase in inflows.
• The cumulative inflows for the 12 months to January 2024 totalled $4.3 billion compared to $4 billion in the same period in 2023, an increase of 5.3 per cent.

Kenyans in the diaspora sent home more money in January compared to December, as the strong start of the year signals easing inflationary pressures, mainly in key sourcejock strap brock bowers jersey jordan max aura 4 nike air jordan 1 elevate low oregon football jerseys black friday wig sale best human hair wigs for black females latex hood custom stitched nfl jersey sit top kayak nike air max 90 futura jock strap jock strap air max 270 women alpinestars …

• Developers targeting Kenya’s wealthy are now pricing the units in foreign currencies such as the US dollar.
• The continued upward trend in prime residential rents can be partly attributed to the appreciation of the dollar against the Kenyan shilling.
• Real estate investors are mitigating the emerging risks by deploying their capital in projects that have dollar-denominated returns where possible and in green-rated building.

High-end real estate developers targeting Kenya’s wealthy are now pricing the units in foreign currencies such as the US dollar to cushion them from losses that the devaluation of the Kenyan shilling may occasion.

New revelations contained in a report by property tracker and real estate management firm Knight Frank show that the trend gained traction in the second half of 2023 as foreigners residing and working in Kenya continued playing a pivotal role in driving the country’s upscale real estate market.

Despite economic headwinds, the prime …

• Africa is experiencing a transformative era characterized by robust economic development, technological advancement, and a burgeoning creative industry.
• Many African countries are now experiencing rapid economic expansion, driven by a combination of factors including improved governance, increased foreign direct investment, and a growing middle class.
• Rapid adoption of mobile technology has transformed the continent, providing unprecedented access to financial services through mobile money platforms like M-Pesa, improving healthcare delivery, and enhancing agricultural productivity.

Africa is increasingly becoming a beacon of growth and potential in the global landscape. Amidst its rich cultural heritage and natural resources, the continent is experiencing a transformative era characterized by robust economic development, technological advancement, and a burgeoning creative industry.

This blog post delves into the multifaceted aspects of Africa’s growth trajectory, highlighting the significant progress and potential within its economies, technological innovation, and notably, the sports and entertainment sectors.

Economic Resilience and Development

Africa’s economic …

• The latest Nairobi Securities Exchange monthly Barometer shows month-on-month growth comparing January this year and December last year, with prospects looking much better after a bear run last year.
• Market capitalisation increased by 0.08 per cent in January to $9.11 billion from $9.05 billion in December 2023.
• The NSE 20 and NSE 25 Share Index recorded increases in activity of 0.89 per cent and 1.32 per cent, respectively, while the All-Share Index experienced a 0.08 per cent increase.

Nairobi Securities Exchange showing recovery signs

Kenya’s capital market is showing a sign of recovery this year, with the Nairobi Securities Exchange (NSE) recording a gain in January, albeit minimal, as large stocks pay investors.

This is despite interest rates in advanced economies remaining high into 2024, a trend that has seen foreign investors focus on home markets, mainly the United States.

The latest NSE monthly Barometer shows month-on-month growth comparing January …

• Fixed-income securities are a broad class of very liquid and highly traded debt instruments.
• Data shows that the average turnover of Kenya’s bond market is over $4.55 billion, and NSE and EABX are now vying for this market share. 
• The choice to merge OTC and onscreen trading will allow market players a flexible way to execute trades on the bond market.

The Nairobi Securities Exchange will soon offer a secondary bond market that combines both onscreen and Over-the-Counter (OTC) trading of fixed-income securities following regulators’ approval. Capital Markets Authority approved amendments to NSE Fixed Income Trading Rules.

In the amendments, Kenya’s capital markets regulator licensed the East African Bond Exchange (EABX) to operate an over-the-counter (OTC) trading platform, likely to drive up competition in the bonds market. An OTC market is a platform that facilitates transactions between traders without requiring them to go through an official securities exchange.

NSE Chief …