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Business

London-based $3 billion fintech Verto in Kenya, partners with UBA

Commenting on the deal the Country Director for Verto in Kenya Kevin Nganga noted that the partnership would leverage Verto’s already-established financial ecosystem worth the $3 billion the company recorded last year. He also disclosed that the deal is closing […]

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November 30, 2023
Xi Jinping visits financial hub Shanghai for first time in three years as Chinese economy sputters

Chinese leader Xi Jinping has visited Shanghai for the first time in three years, as his government steps up efforts to prop up the country’s economy and financial markets. Xi made the trip on Tuesday and Wednesday and he visited […]

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November 30, 2023
QFC unveils Digital Assets Lab, powered by QCB, to facilitate open innovation in Qatar

The Qatar Financial Centre (QFC), a leading onshore financial and business centre in the region, has unveiled the QFC Digital Assets Lab, powered by Qatar Central Bank, in the presence of His Excellency Sheikh Bandar bin Mohammed bin Saoud Al-Thani, […]

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November 29, 2023
Qatar Financial Center launches Digital Assets Lab

The Qatar Financial Center (QFC), a leading onshore financial and business center in the region, has unveiled the QFC Digital Assets Lab, powered by Qatar Central Bank (QCB). The Digital Assets Lab is the inaugural program to be launched under […]

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November 29, 2023
France is set to get a Zenith Bank branch

Zenith Bank recently signed a Memorandum of Understanding (MOU), with the French government, allowing it to institute a subsidiary in the European northwest, as reported by the Nigerian newspaper, The Punch. Jim Ovia, CFR, the bank’s Founder and Chairman represented […]

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November 28, 2023
China the world’s biggest debt collector, report shows

China is owed over $1 trillion (€935 billion) through its Belt and Road Initiative (BRI), making it the world’s biggest debt collector, a report has said. The report, published on Monday by researchers at AidData, showed the world’s biggest bilateral […]

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November 27, 2023
HSBC India, UKEF partner to establish 100 million pound financing programme

HSBC India and UKEF on Thursday signed a Letter of Intent (LoI), which enables them to work together on opportunities relating to UKEF’s guarantee-backed structures. India was the UK’s 12th largest trading partner in the four quarters to the end […]

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November 24, 2023
Struggle in Asian markets, focus on China’s wealth support

Most Asian markets fell on Friday after a broadly healthy week, with traders hoping for new Chinese steps to help the country’s troubled property sector after authorities called on banks to provide support. Wall Street was closed for the Thanksgiving […]

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November 24, 2023
Morocco’s competition regulator fines fuel companies $180 million

Morocco’s competition council said on Thursday it had fined the nine fuel companies operating in the country 1.84 billion dirhams ($180 million) because of non-compliance with free competition rules and price fixing. The council said it had reached an agreement […]

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November 23, 2023
NSIA, ZCG sign MoU for joint venture infrastructure investments

The Nigeria Sovereign Investment Authority (NSIA) and Z Capital Group (ZCG) signed a Memorandum of Understanding (MoU) and announced a joint venture partnership to establish a fund focused on infrastructure investments in Africa. The NSIA is the manager of Nigeria’s […]

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November 21, 2023
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