In a move aimed at streamlining its operations in the Africa and Middle East (AME) region, Standard Chartered Bank has finalized the sale of its consumer banking business in Côte d’Ivoire to Coris Bank International Côte D’Ivoire. This divestment marks the conclusion of a series of strategic transactions initiated in April 2022, aligning with the […]
In a strategic move to remain competitive and attract new investment flows, unit trusts have raised their annual returns to align with the heightened rates offered on government treasuries and bank fixed deposits. An analysis of annual rates on shilling-denominated money market funds reveals returns ranging from 11.6 percent to 15.96 percent as of December […]
In a surge of optimism, Japan’s Nikkei index reached its highest point in a month on Wednesday, climbing 1.75% to 33,799.41 during the mid-day session. This notable upswing, marking its peak since November 20, was fueled by diminishing caution surrounding the Bank of Japan’s (BOJ) policy stance. Market analysts pointed to the absence of any […]
In a recent panel session at the Doha Forum, the President of the African Development Bank (ADB) Group, Dr. Akinwumi Adesina, reiterated concerns over the potential adverse effects of the European Union’s (EU) carbon border tax on Africa’s industrialization efforts. The EU’s move, part of its comprehensive climate change reduction measures, has raised alarms about […]
On Friday, European bonds experienced a significant rally, driving yields to their lowest point in nine months. Investors, seemingly unswayed by the European Central Bank’s (ECB) assurances that interest rate cuts were not on the horizon, instead focused on worrisome signs of a slowing economy. The yields on 10-year German Bunds, considered the benchmark for […]
In a groundbreaking initiative, the Central Bank of Egypt is in discussions with the International Monetary Fund (IMF) and the World Bank to consider the issuance of a digital pound. This move is geared towards modernizing financial transactions, enabling Egyptians to utilize their mobile phones for payments, and concurrently diminishing the reliance on physical banknotes. […]
In a strategic move set to take effect on January 29th, 2024, Google is implementing a revamped policy that allows certified advertisers to showcase their financial products. This pivotal shift in approach signals a departure from Google’s previous stringent stance on cryptocurrency advertising, where most crypto products and unregulated decentralized applications (dApps) were prohibited. Over […]
In a landmark move towards sustainable finance, the Central Bank of Kenya (CBK) has entered into a strategic partnership with the European Investment Bank (EIB). The joint initiative aims to cultivate best practices in climate finance within the local commercial banking sector, marking a significant step towards achieving a net-zero economy in Kenya. One of […]
In a remarkable turn of events, India’s stock market is on the cusp of surpassing Hong Kong to become one of the world’s largest trading venues, signaling investors’ confidence in the economic outlook of the most populous country globally. As of the end of October, the total market capitalization of companies listed on the National […]
Shelter Afrique, a prominent Pan-African housing finance institution, has unveiled a strategic partnership with the Islamic Development Bank Institute (IsDBI) aimed at pioneering Islamic Housing Finance Products throughout the African continent. This collaboration comes at a time when several African nations are making remarkable strides in advancing their Islamic finance markets, opening up previously untapped […]
When the United States and Israel launched coordinated strikes on Iran on February 28, 2026, the immediate global conversation centred...
The United States has dramatically escalated its global trade offensive, launching a sweeping set of Section 301 investigations into 60...
Nigeria's Federal Government has taken a decisive step toward rerouting the country's energy future through one of its most abundant...
In two trading days, the Nation Media Group (NMG) share price did something it had not managed in years: it...
