The Zimbabwe Stock Exchange (ZSE) has announced impressive results for the third quarter of 2023, with market turnover hitting $171 billion. This marks a remarkable 27 percent increase from the preceding quarter, signifying a robust performance within the Zimbabwean financial sector. Comparing Q3 2023 to the same period last year (Q3 2022), the ZSE experienced […]
In recent weeks, gold prices have witnessed a significant rally, with the ongoing Hamas-Israel conflict playing a crucial role in highlighting gold’s status as a safe-haven asset and its intriguing divergence from the typical relationship with US Treasuries. As investors seek refuge amid geopolitical and market uncertainty, the precious metal’s value has soared by as […]
A notable financial trend is rapidly taking root in Kenya, with new research revealing that over 50 percent of the population now turns to debt to cover their daily financial needs. The study, conducted by Consumer Insight, highlights that an increasing number of Kenyans are relying on digital lenders, marking a significant shift in financial […]
Sony Group has unveiled its latest endeavor, the Sony Innovation Fund: Africa (SIF: AF), aimed at fostering the growth of entertainment businesses across the African continent. As part of this strategic initiative, the multinational conglomerate, headquartered in Tokyo, has allocated a substantial $10 million through Sony Ventures Corporation (SVC) to support early-stage startups operating in […]
In a groundbreaking financial maneuver, Egypt has achieved a significant milestone by successfully issuing a 3-year Sustainability Panda Bond valued at RMB 3.5 billion (equivalent to $478.7 million). This historic endeavor marks the North African nation as the first on the African continent to venture into the Chinese debt capital market via Panda bonds. This […]
In a move to bolster lending support to small and medium enterprises (SMEs), Absa Bank Kenya has unveiled a groundbreaking unsecured working capital loan platform. The new platform, aptly named Wezesha Stock, aims to empower distributors, wholesalers, and retailers in the fast-moving consumer goods sector by providing them with easy access to short-term funding for […]
In a significant move to combat terrorism financing, Israeli law enforcement authorities have taken decisive action by ordering the closure of dozens of cryptocurrency accounts and seizing millions of dollars’ worth of cryptocurrency assets. This intensified effort comes as part of longstanding attempts to sever the connections between cryptocurrency markets and Hamas, following the recent […]
In an effort to fortify a faltering stock market, Chinese authorities are intensifying controls on short-selling activities. The move by the Securities Regulatory Commission involves raising margin ratios for ordinary securities borrowing and hedge funds, with an effective date of October 30, 2023. These regulatory changes come as part of a broader strategy aimed at […]
In a recent development, the Treasury is grappling with medium to long-term refinancing challenges due to the shrinking maturity times of its bonds, with a concerted effort to avoid the issuance of long-dated securities. This shift has raised concerns about higher principal repayments to investors over a shorter timeframe. The Central Bank of Kenya (CBK) […]
In a groundbreaking move towards sustainability and environmental responsibility, the Johannesburg Stock Exchange (JSE) has proudly unveiled a new carbon market in partnership with Xpansiv, the leading global infrastructure provider for environmental markets. This collaborative effort has taken shape through the establishment of a distinct legal entity known as JSE Ventures. The new carbon market […]
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...