In a startling turn of events, Treasury bill interest rates have vaulted over the 15 percent threshold for the first time in eight years, igniting concerns about an imminent surge in loan expenses. The rates attached to Treasury bills (T-bills) serve as a pivotal gauge for establishing the risk-free benchmark for loan pricing, and the […]
In a landmark development, DWS, the German asset manager majority-owned by Deutsche Bank, has agreed to pay a substantial $25 million to resolve two separate enforcement actions brought by the United States Securities and Exchange Commission (SEC). These actions are the culmination of a more than two-year-long investigation into allegations of greenwashing, which have cast […]
In a significant financial development, the Egyptian Exchange (EGX) commenced trading treasury bills (T-Bills) on the secondary market, as announced in a press release. On its inaugural day, the secondary market for T-Bills saw robust activity, with a total trading value reaching EGP 33.8 billion ($1.1 billion) generated from 109 transactions. This milestone achievement is […]
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 […]
A new report from the Kenya National Chamber of Commerce and Industry (KNCCI) paints a stark picture of Kenya’s job...
In the interconnected global economy, trade between major economic players can be a source of tension, especially when tariffs and...
In a significant move aimed at addressing long-standing pension arrears, Nigeria’s Federal Executive Council (FEC) has approved the issuance of...
In a strategic move poised to redefine Kenya's financial landscape, Safaricom and the Kenya Bankers Association (KBA) have jointly proposed...