In an effort to counter the recent slump in the Chinese stock market, authorities in China are contemplating a comprehensive package of measures, according to sources familiar with the matter. Previous attempts to restore investor confidence fell short, prompting Premier Li Qiang to call for “forceful” steps. Insiders reveal that policymakers are considering mobilizing approximately […]
Nukkleus Inc. and its subsidiary, DRFQ, have entered into a strategic partnership with TANTEL ISAF GROUP LIMITED to make significant inroads into the burgeoning African Business-to-Business (B2B) payments market. The World Bank estimates the value of this market to be upwards of $1.5 trillion. The collaboration seeks to revolutionize payment infrastructure across the continent, addressing […]
Ethiopia is gearing up to grant licenses to foreign investment banks, marking a significant move in preparation for the planned launch of a securities exchange later this year, according to statements from the Director General of the Ethiopian Capital Market Authority, Brook Taye. The liberalization initiative has attracted interest from foreign investors, including Safaricom (SCOM.NR), […]
The Brazilian real experienced a sell-off on Monday following the announcement of a new industrial development plan by leftist President Luiz Inacio Lula da Silva, aimed at revitalizing the country’s sluggish growth through state credits and subsidies over the next decade. Lula, seeking to replicate the strategies from his 2003-2010 presidential terms, expressed the need […]
In a recent report, the International Energy Agency (IEA) has cautioned that Kenya’s revised policy on procuring electricity from independent power producers (IPPs) specializing in renewable sources hinders new investments and impedes efforts to address the nation’s energy access deficit. The policy change, which saw the approval of the Renewable Energy Auction Policy (Reap) by […]
In a notable financial achievement, the Central Bank of Kenya (CBK) has surpassed expectations by collecting KSh 11.76 billion in its second January Treasury Bonds tap sale, despite seeking KSh 15 billion. The bank floated both three-year and five-year treasury bonds during this auction, reflecting a strategic move to diversify its portfolio. This recent foray […]
In an unprecedented surge, the U.S. corporate bond markets are witnessing a remarkable boom as companies have successfully sold a record-breaking $150 billion worth of debt since the beginning of this month, marking the most active start to the year in over 30 years. Data from the London Stock Exchange Group reveals that investment-grade groups […]
In a remarkable finish to the trading week, the NGX All-Share Index (ASI) surged by 2.87%, marking a substantial gain of 2,641.15 points to settle at an impressive 94,538.12 points on the last trading day. SWOOTs (Seplat, BUA Cement) dominated the trading landscape, each posting a remarkable 10% gain, while Dangote Cement closely followed with […]
Nairobi-based startup Octavia Carbon has successfully secured funding from Renew Capital, an Africa-focused impact investment firm, to advance its groundbreaking Direct Air Capture (DAC) technology. The company’s mission is to combat climate change by actively developing, constructing, and deploying machines designed to extract carbon dioxide (CO2) directly from the atmosphere. Renew Capital’s investment in Octavia […]
In a historic move, US regulators have granted approval for exchange-traded funds (ETFs) that directly invest in Bitcoin, marking a significant milestone for the approximately $1.7 trillion digital asset sector. The Securities and Exchange Commission (SEC) has given the green light to funds managed by industry giants BlackRock, Invesco, and Fidelity, as well as smaller […]
Kenya’s Central Bank of Kenya (CBK) has lowered its benchmark interest rate by 50 basis points, reducing it to 10.75%...
U.S. President Donald Trump has once again escalated his trade war rhetoric, this time setting his sights on the European...
The World Bank has revised its economic growth forecast for South Africa, increasing its 2025 GDP projection from 1.6% to...
The Central Bank of Kenya (CBK) has rejected a new bond trading platform proposed by commercial banks, known as the...