July 19, 2023 European stocks saw an increase on Wednesday as UK inflation dropped more quickly than expected, further fueling hopes among investors that central banks might soon end their historic tightening measures. At the opening bell, the broader Stoxx 600 index in Europe rose by 0.5%, extending gains from the previous session. The CAC […]
July 20, 2023 China’s real estate sector, once a pillar of economic growth, is now grappling with a severe downturn, and the recent troubles of Dalian Wanda Group (DWG), the nation’s largest commercial property firm, have raised alarm bells across financial markets. Reports of financing troubles, credit rating downgrades, and imminent debt maturities have triggered […]
July 22, 2023 In 2018 , Indonesia banned the used of cryptocurrencies as a mode of payment for goods and services with in its jurisdiction but allows the investment in such assets.The investment in cryptocurrencies in indonesia boomed during the pandemic and data in june showed that as many as 17 million people have invested […]
Financial Stability Board (FSB) Introduces Global Regulatory Framework for Crypto, Recommending Guidelines to G20 Economies The Financial Stability Board (FSB), an international organization responsible for monitoring the global financial system, has introduced a comprehensive global regulatory framework for cryptocurrencies. These guidelines, recommended to the G20 countries, are based on the principle of “same activity, same […]
July 25, 2023 Clearwater Analytics, a leading provider of SaaS-based investment management solutions, has announced the upcoming launch of Clearwater-GPT, the world’s first generative AI technology for investment management. This innovative tool will provide AI-generated content for sales, service, marketing, IT, and client interaction, empowering Clearwater’s global clientele to analyze investment data more efficiently and […]
July 19, 2023 SC Giano Capital of Geneva ,Switzerland has announced that they are launching a 50 Million euros Later Stage Fund targeting the European market. Founded by serial entrepreneur Alberto Chalon and Andreas Wiele, who is from a media and tech executive background, the fund is proposed to be invested in the European tech […]
The Capital Markets Authority (CMA) of Kenya is planning to conduct a comprehensive evaluation of the country’s carbon market, including its ecosystem and stakeholder mapping. The goal is to understand the demand, supply conditions, and growth trajectory of the market, which will then guide the development of a policy framework for overseeing a robust and […]
In the second quarter, despite a slowdown in central bank purchases, the demand for gold bars remained high due to wealthy individuals and corporates seeking safe-haven investments. According to a quarterly report by the World Gold Council (WGC), gold demand increased by 7 per cent, reaching 1,255 tonnes in the three months leading up to […]
James Cleverly, the Foreign Secretary of the United Kingdom, is set to visit three African countries during his four-day tour aimed at strengthening future-focused and mutually beneficial partnerships. Kicking off his journey in Ghana today, Monday, July 31, Cleverly will announce new UK investments for small businesses in Ghana. As one of the UK’s major […]
July 26 2023 Wilo Group, a renowned German manufacturer of pumps and pump systems, is reinvigorating its presence in Kenya by establishing an assembly plant in Nairobi. This strategic move is fueled by the company’s recognition of the burgeoning opportunities in the country’s high-rise construction projects and the government’s affordable housing initiatives. Over the past […]
A historic moment in East African energy cooperation unfolded this week as Ethiopia commenced its first-ever electricity exports to Tanzania,...
The United States Senate is currently embroiled in a high-stakes, marathon voting session on a sweeping budget bill, colloquially dubbed...
In a landmark moment for Burundi's energy future, President Evariste Ndayishimiye this week inaugurated the Jiji hydroelectric plant, a crucial...
The financial landscape in Kenya has seen a notable development with the Central Bank of Kenya (CBK) announcing the cancellation...
