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 […]
In an effort to combat food insecurity and enhance agricultural productivity, a groundbreaking partnership has been formed between the British International Investment (BII) and the Shell Foundation. This collaboration aims to invest $2.6 million in SunCulture, a Kenyan company providing solar-powered irrigation systems to smallholder farmers. With approximately 9,000 smallholder farmers set to benefit, the […]
In a bid to catalyze the growth of early-stage African tech startups, Startupbootcamp AfriTech has unveiled OnAfrica, a specialized investor syndicate. OnAfrica is set to play a pivotal role in the African tech ecosystem by offering selected startups funding ranging from $100,000 to $400,000, coupled with invaluable support in the form of mentorship, guidance, and […]
Kenyan startup Tappi has successfully secured $1.5 million in pre-seed funding, led by notable investors Mercy Corps Ventures and Chui Ventures. This strategic investment positions Tappi to extend its reach to over 100 million small and medium-sized enterprises (SMEs) across Africa, aiming to empower them in the rapidly evolving digital commerce arena. Tappi’s innovative platform […]
In an announcement on Thursday, Uphold CEO Simon McLoughlin revealed plans for the imminent release of Vault, a cutting-edge product set to revolutionize the security and user experience of cryptocurrency self-custody. The beta launch for Vault is scheduled for early 2024, with an initial focus on providing a streamlined self-custody experience for over 10 million […]
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...