The Nairobi International Financial Centre (NIFC) has become a full member of the World Alliance of International Financial Centres (WAIFC), significantly strengthening Nairobi's position as a leading global financial hub.

• This inclusion raises WAIFC's global membership to 21.
• NIFC CEO Daniel Mainda announced the membership during WAIFC's Annual Meeting in Frankfurt.
• The Kenyan government has supported NIFC through reforms like the Nairobi International Financial Centre Act, 2021, and preferential tax incentives under the 2025/26 Finance Act.
• NIFC will also join WAIFC's African Chapter to foster cross-continental investment collaboration.

Africa Finance Corporation (AFC) has secured its largest-ever debt facility, a US$1.5 billion syndicated loan, for general corporate purposes. This three-year facility attracted strong demand, onboarding new lenders and achieving more favorable pricing compared to last year's loan.

• AFC raised US$1.5 billion, exceeding its initial target of US$1.3 billion.
• Executive Board Member and Head of Financial Services Banji Fehintola highlighted the transaction's reinforcement of AFC's standing in global capital markets.
• The corporation has invested over US$15 billion in 36 African countries across its 46 member countries.

Eastrise Group, a strategy and insights firm, has launched its Eastrise Advisory Board to strengthen business ties between Africa and Europe. This initiative aims to connect capital and businesses across the two continents.

• The Board will focus on artificial intelligence, sustainability, impact investment, and development finance.
• Key members include Noah Black (Co-Founder and CEO of Threshold), Shikoh Gitau (CEO of Qhala), and Antony Wahome (Economic Development Advisor).
• Africa's economy is projected to reach $29 trillion by 2050, with the largest working-age population by 2040, according to UNECA.