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Business

China approves $139bn in new bonds to bolster economic recovery

China has approved issuing 1 trillion yuan ($139 billion) in new bonds, marking its first budget revision in years as it looks to boost confidence amid tepid signs of an economic recovery. The announcement late Tuesday from the National People’s […]

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October 26, 2023
China’s Stock Market Stumbles: Unraveling The Economic Implications Amidst Foreign Investment Exodus

When the Shanghai Composite Index plummeted to a new low since November, shedding 3,000 points in the process, it was more than just a statistical anomaly. It was a grim portent of a deepening economic malaise that has gripped China’s […]

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October 25, 2023
Taiwan’s Stock Market Dips Amid Global Economic Uncertainties

On September 23, the Taiwanese stock market dipped, the index plummeting to a low of 16,245 points in trading, a stark contrast to the 16,300 point mark it was precariously holding onto. This descent was not an isolated incident, but […]

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October 24, 2023
China’s stock market fund outflows add to biggest capital flight since 2016: Goldman

Investors continue to withdraw money from China’s onshore stock exchanges amid slumping equity prices, adding to the biggest capital flight from the nation in seven years, according to Goldman Sachs. Foreign investors were net sellers of US$3.3 billion of A […]

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October 24, 2023
Chinese Authorities’ Investigation into Foxconn Triggers Stock Market Surge for Industrial Rich Union

In the early hours of the 23rd of October, the Industrial Rich Union (SH601138), one of China’s leading tech companies, saw a surge in its stock market limit. The company’s limit board was soon flooded with closing orders, reaching an […]

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October 23, 2023
Nigeria is set to become one of the top 5 economies in the world

The “Giant of Africa,” Nigeria, is quickly establishing itself as a major economic force on the international scene. Nigeria is positioned to play a key role in the global economy because of its expanding population, wealth of natural resources, booming […]

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October 20, 2023
South Africa Set to Topple Nigeria to Regain Mantle as Continent’s Biggest Economy

South Africa is set to briefly overtake Nigeria and Egypt as the continent’s largest economy next year, International Monetary Fund forecasts show. The IMF’s World Economic Outlook envisions South Africa’s gross domestic product reaching $401 billion based on current prices […]

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October 19, 2023
The AfCFTA Country Business Index

Since the private sector is directly involved in cross-border trade, it is a major stakeholder and beneficiary of the AfCFTA. Thus, to better understand how African businesses are approaching the AfCFTA and, more importantly, how the AfCFTA can best support […]

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October 18, 2023
Banque Misr secures $234 million from IFC to support SMEs

The International Financial Corporation (IFC) will provide Egypt’s Banque Misr with a $234 million loan to support small, and medium-sized enterprises (SMEs), with half of the funding allocated for women-led businesses. The partnership will help create jobs, boost economic growth, […]

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October 18, 2023
Adani’s new mega port at Vizhinjam can lure world’s biggest ships to India

When Zhen Hua 15 — a heavy load cargo carrier sailing from the East China sea — unloads at Vizhinjam port this Sunday, it’ll do more than just set down the site’s first gigantic cranes. It’ll also put India on […]

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October 16, 2023
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