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Finance

Africa-US trade programme needs at least 10-year extension, AU says

Africa wants the U.S. Congress to renew its flagship trade programme for the continent for at least 10 years, the African Union’s top trade official said on Thursday, adding that any modifications to the initiative should only be considered later. […]

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November 3, 2023
US launches investment network to engage private sector in Africa minerals strategy

The US government on Wednesday launched a new public-private partnership to try to enrol the corporate sector in its competition with China for control over strategic minerals in Africa and beyond. The State Department is partnering with the non-profit SAFE […]

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November 3, 2023
Treasury to borrow $776 billion in the final three months of the year

The U.S. government’s borrowing needs will decline slightly in the final three months of 2023 from the prior quarter, a potentially important development during a turbulent time for the global bond market. In a closely watched announcement Monday afternoon, the […]

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November 2, 2023
Germany seeks investment boost in Africa

German Chancellor Olaf Scholz departed Berlin for Nigeria on Sunday, on what is his third trip to Africa since taking office almost two years ago. German President Frank-Walter Steinmeier is set to do likewise on Monday, when he will arrive […]

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November 2, 2023
Hamilton Seeks Up to $2 Billion Valuation in Next IPO Test

Hamilton Insurance Group Ltd. is seeking to raise as much as $270 million in an initial public offering that could mark one of the last major tests of investor appetite for new listings this year. The specialty insurer will offer […]

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November 1, 2023
Kenya to End Visa Requirements for African Visitors by 2023

In a move echoing the spirit of Pan-Africanism, Kenya’s President, William Ruto, has announced an end to visa requirements for all African visitors to the country by 2023. This declaration is a significant step towards the African Union’s (AU) long-cherished […]

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October 30, 2023
Saudi Arabia is serious about its Jan. 1 deadline for companies to move regional headquarters to Riyadh — or lose out on government contracts

Saudi Arabia is holding on to its ultimatum that foreign companies will need to base their regional headquarters in the kingdom or be barred from lucrative government contracts. The deadline: Jan. 1, 2024. In a bold surprise move back in […]

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October 30, 2023
Saudi Finance Minister Foresees 6% Growth in Non-Oil Sector for 2023

During the Future Investment Initiative (FII) conference in Riyadh, Saudi Arabia’s Finance Minister, Mohammed al-Jadaan, disclosed a projected 6% growth in the non-oil sector for 2023. This announcement reflects both economic robustness and Saudi Arabia’s committed effort to reduce reliance […]

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October 27, 2023
ECB May Gradually Reduce Interest Rates: A View from Latvia

In the bustling heart of Europe, economic tremors are emerging. As the continent’s financial axis tilts, the gaze of economists and investors alike turn to a small Baltic nation, Latvia, which has found itself at the epicenter of these shifts. […]

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October 27, 2023
Abu Dhabi Crown Prince and BlackRock CEO discuss investment opportunities

Abu Dhabi’s Crown Prince and Chairman of the Abu Dhabi Executive Council, Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, recently held a high-level meeting with Larry Fink, Chairman and CEO of BlackRock, one of the world’s leading asset management companies, […]

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October 27, 2023
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