In a bid to bolster safeguards for currency traders and clients, the Capital Markets Authority (CMA) has initiated a significant move. The capital markets regulator has formed a dedicated working group, bringing together licensed Forex brokerage firms and various stakeholders to establish standards aimed at fortifying consumer protection. One of the pivotal objectives of this […]
In a dramatic shift, hedge funds are scrambling to unwind their bets against Britain’s £2.5tn government bond market. This comes as growing investor consensus suggests that the Bank of England (BoE) is nearing the conclusion of its rate hiking campaign. The latest data from S&P Global Market Intelligence reveals that the total value of UK […]
The Johannesburg Stock Exchange (JSE) has just unveiled an exciting development in the investment landscape. In a major announcement, JSE has introduced six new Actively Managed Certificates (AMCs) that grant investors access to both local and offshore equity strategies. Notably, Unum Capital’s Small and Mid-Cap AMCs have taken center stage in this launch, providing investors […]
In a groundbreaking development, two Kenyan startups, Zuri Health and izola, have been handpicked to participate in Google for Startups Growth Academy’s prestigious AI for Health program. This initiative aims to revolutionize patient care and enhance support for families with neurodivergent children through innovative AI-integrated solutions. Zuri Health, renowned for its all-inclusive digital toolkit transforming […]
In a rapid shift, 30-year bond yields have soared over 30 basis points in just one week, reaching a 12-year high at 4.6840%. Meanwhile, the 10-year real, inflation-adjusted yield has surged by 26 basis points to 4.50%, its highest level since 2009. This upward movement in yields is narrowing the deeply-inverted 2-to-10-year yield gap, which […]
The Nigeria Exchange Limited (NGX) has granted approval for the voluntary delisting of Capital Hotels Plc (NGX: CAPHOTEL), marking a pivotal moment in the company’s strategic journey. Capital Hotels Plc, the parent company of Abuja Continental Hotel, disclosed this crucial decision through a corporate filing statement submitted to NGX. Under the delisting terms, NGX mandated […]
In a significant development aimed at boosting sustainable development efforts, the Kenyan government has unveiled a proposal that could see it taking a 25 percent share of the revenue generated by private companies from the sale of carbon emission reduction credits (CERs). The proposal, encapsulated in the draft Climate Change (Carbon Markets) Regulations 2023, awaits […]
Italy, plagued by a series of high-profile departures of major corporations relocating their listings and headquarters abroad, is making a bold move to reverse the trend. The Italian government is on the verge of approving a long-awaited package of measures aimed at revitalizing its capital market, catering to local businesses’ needs. The proposed measures include […]
Dashen Bank has forged a strategic alliance with Mastercard, introducing the revolutionary ‘Dashen Mastercard,’ a pioneering multi-currency international prepaid card, in a momentous development within Ethiopia’s financial sector. The announcement was made at a press conference held at the bank’s headquarters, signifying a significant leap in the country’s card-based financial services. The Dashen Mastercard stands […]
In a significant financial development, the return on fixed deposits has surged ahead of inflation for the first time in 15 months, signaling a competitive battle among lenders for long-term funds. Data recently released by the Central Bank of Kenya (CBK) reveals that banks offered customers an average interest rate of 8.1 percent for long-term […]
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...
