Finance

Ogun State has announced plans to partner with Arise Integrated Industrial Platform (IIP) to develop a $2 billion garment manufacturing hub, expected to be one of the largest in Africa. The project, aimed at reviving Nigeria’s textile industry, will be […]

Hong Kong-based digital asset platform OSL Group said on Friday it had completed $300 million of equity financing, the latest sign of feverish investor interest in cryptocurrencies. The deal, which the company said was the biggest publicly disclosed equity raise […]

The multi-strategy hedge fund giant Millennium Management is reportedly investing $4.2 billion into two additional external investment companies. Sources say that Ravi Naresh, who previously managed funds for Marshall Wace, will receive approximately $3 billion from Millennium for his equity […]

Bank of America announced that its board has authorized a $40 billion stock repurchase program, set to take effect on August 1. This new buyback will replace the current authorization, which had approximately $9.1 billion remaining as of June 30. […]

According to the Sudanese Mineral Resources Company (SMRC), this growth generated $1.57 billion in legal export revenue for the conflict-torn nation’s struggling economy. SMRC director Mohamed Tahir Omer announced the figures during a media briefing in Cairo, Egypt. Notably, the surge comes amid […]

China appears to be positioning Africa as a testing ground for internationalization of the yuan as it seeks to expand the currency’s global use and break the dominance of the US dollar. During a recent meeting in Cairo, the central banks of China […]

His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister of Bahrain, engaged in a meeting with the U.S. President Donald J. Trump at the White House. His Royal Highness extended the warm greetings of His Majesty King […]

In 2025, it’s still common for a business owner in Lagos to wait days for a payment from Accra in Ghana — just a short flight away. That delay, and up to 10% in fees, is the price of routing […]

Huawei Technologies topped mainland China’s smartphone market in the second quarter – the first time in four years – “underscoring its strong brand appeal and effective shipment management”, according to International Data Corporation (IDC). However, China’s smartphone sales shrank 4 […]

Russia, the world’s second-largest gold producer, is to free itself from the current dependence of gold prices on the London Stock Exchange (LSE), and plans to launch gold trading on the St. Petersburg Exchange (SPIMEX) by the end of the year. One of the […]