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Business

It’s official: The era of China’s global dominance is over

For the past three decades, China has been on the upswing of a supercycle that saw an almost uninterrupted expansion of the country’s capacity to manufacture, appetite to consume, and ability to project power across the world economy. The Chinese […]

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October 16, 2023
Fitch Revises Development Bank of Rwanda’s Outlook to Stable; Affirms Long-Term IDR at ‘B+’

Fitch Ratings has revised the Outlook on state-owned Development Bank of Rwanda PLC’s (BRD) Long-Term Issuer Default Rating (IDR) to Stable from Negative, and has affirmed the IDR at ‘B+’. This follows similar rating action on the Rwandan sovereign. A […]

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October 16, 2023
Dubai home to 210 centi-millionaires and 15 billionaires – expect more ultra-rich residents to come in next decade

Dubai is home to 15 billionaires and more than 200 centi-millionaires and is expected to be one of the fastest growing cities for the ultra-rich in the next 10 years, according to a report by Henley & Partners. The residency […]

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October 13, 2023
Standard Chartered report sees Africa’s total exports nearing $1trn by 2035

Standard Chartered has published its Future of Trade: Africa report, highlighting the outlook for African trade and providing a view of the African Continental Free Trade Area (AfCFTA) as a key proponent of optimising intra-African trade. The report finds that […]

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October 13, 2023
Nigeria: 10 most lucrative industries in 2023

Nigeria is a vast and active country with a rapidly expanding economy. It is home to a number of profitable industries that provide opportunities for both entrepreneurs and investors. Nigeria has flourishing industries and drawing investors, entrepreneurs, and professionals. From […]

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October 13, 2023
Top 5 countries with the highest capital investments in Nigeria for Q2 2023

Nigeria, often hailed as the economic powerhouse of Africa, has consistently lured in investment from around the globe, and reasons for this are not difficult to identify. The country boasts of a vibrant market and abundant resources which make it […]

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October 11, 2023
Emirates NBD launches new digital wealth offering with 11,000 instruments across 21 global and local markets

Emirates NBD has launched a digital wealth platform that allows customers to trade securities and ETFs on both global exchanges such as, Nasdaq, NYSE, and London Stock Exchange and local markets such as, Dubai Financial Market, Abu Dhabi Securities Exchange, […]

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October 10, 2023
Africa’s economy could rival China or India, says WTO chief Ngozi Okonjo-Iweala

The African continent has a population of 1.4 billion people, but it imports more than 90% of its medicines and 90% of its vaccines. WTO Director General Ngozi Okonjo-Iweala says the time has come to open up the continent to […]

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October 10, 2023
10 best cities to start a business in Nigeria in 2023

Starting a business in Nigeria is favourable for several reasons, including the large and rising population of over 225 million people, which presents significant market potential. Furthermore, Nigeria has one of Africa’s fastest-growing economies, which provides several prospects for enterprises. […]

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October 10, 2023
BlackRock Launches Climate Transition-Focused Private Debt Fund

Investment giant BlackRock announced today the launch of a new Climate Transition-Oriented Private Debt Fund, aimed at providing investors with exposure to middle market companies, with a focus on low-carbon transition investment opportunities. According to the firm, the launch of […]

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October 6, 2023
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