Citi has been named Africa’s Best Investment Bank for Financing at the 2025 Euromoney Awards for Excellence, recognizing its standout performance in delivering capital solutions across the continent in 2024. The bank distinguished itself through its execution of landmark transactions for sovereigns, corporates, and private sector clients — providing essential financing that supported economic development, sustainability goals, and growth in high-impact industries.Leveraging its global network, cross-product capabilities, and structuring expertise, Citi led several high-profile deals across Africa. In sovereign financing, it played a key role in South Africa’s $3.5 billion dual-tranche bond issuance — the country’s first return to international…
Author: Kenyan WallStreet
The global coffee industry is facing challenges with prices of the commodity soaring to levels not seen since 1970s, driven by persistent supply concerns in key growing regions such as Brazil and Vietnam. Adverse weather conditions, including droughts and frosts, have dented crops in these major producing countries, sparking fears of global deficits. As a result, the price of Arabica coffee, the premium bean favored by companies like Starbucks, has nearly doubled (94%) in the past year, trading at just under $4 a pound.This surge has disrupted supply chains, leading to empty shelves in European supermarkets and forcing roasters to hike prices…
The government has withdrawn the controversial Livestock Bill 2024 which sought to create a new authority to register farmers and regulate inputs and products of all livestock. During the Thursday session, the National Assembly accepted the withdrawal motion by the bill’s sponsor, Majority Leader Kimani Ichung’wa.Ichung’wa said the bill would be spent back to the State Department of Livestock for “further public participation.”In addition to the stiff fines livestock farmers would have faced, the bill’s timing also brought into question the government’s commitment to public participation, as well as austerity and wage burden reduction. “The responsibility lies with the ministries…
In a country where agriculture accounts for 20% of the GDP, the role of processing industries in socio-economic development remains invaluable. Not only do such industries drive macroeconomic figures up, they also impact individual livelihoods and the local communities that surround them. Fruit-processor, Del Monte Kenya, has been a major player in the Kenyan economy since 1965. Well-known for its pineapple farms in Thika, the firm has recognized opportunities for improving the lives of its workers and the local communities by actively engaging in the provision of amenities. By empowering communities around them, Del Monte Kenya has solidified its position…
In his first trip to Africa since the COVID-19 pandemic began, Bill Gates has announced the Bill & Melinda Gates Foundation would spend more than $7 billion over the next four years to support African countries and institutions working to develop and implement innovative approaches to confront hunger, disease, gender inequality, and poverty. This new commitment to support African countries is in addition to existing Gates Foundation funding to multilateral organizations, including Gavi, the Vaccine Alliance and the Global Fund to Fight AIDS, Tuberculosis and Malaria. In a statement, Bill Gates said these resources have helped strengthen health systems and…