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Finance

How Switzerland is helping to build a better Africa – An interview with Philipp Stalder

Stalder, who served as Switzerland’s Ambassador to Ghana, Togo, and Benin between 2019 and 2022, highlighted Switzerland’s long-standing commitment to peace policy, development cooperation, and humanitarian aid in Africa. He also noted that Switzerland’s first Sub-Sahara Africa strategy, launched in […]

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November 10, 2023
Chinese manufacturers should consider moving factories to Nigeria – Ex-minister

Manufacturers in China should consider moving their factories to Nigeria to create jobs and boost the economy of Africa’s most populous nation, Nike Akande, a former minister of industry, said on Tuesday. Akande, who is also a former president of […]

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November 9, 2023
Export finance opportunities in a changing world

In the wake of myriad challenges, from supply chain disruption to climate shocks, geopolitical tensions and economic competition, a new industrial model is emerging that is reshaping trade – and revolutionising the international export finance system. Across the globe, nations […]

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November 8, 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 8, 2023
Global funds dumped another $3 billion in China stocks in Oct -Morgan Stanley

The outflows (are) mostly due to regional funds’ rebalancing out of China, in which European-domiciled funds led,” Morgan Stanley analysts led by Gilbert Wong said. According to Morgan Stanley, persistent outflows have resulted in foreign long-only managers being their most […]

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November 7, 2023
$40,000,000,000 in Unrealized Losses Hits JPMorgan Chase As Bank of America, Wells Fargo and Citigroup Face Exposure to US Treasuries: Report

$40,000,000,000 in Unrealized Losses Hits JPMorgan Chase As Bank of America, Wells Fargo and Citigroup Face Exposure to US Treasuries: Report JPMorgan Chase has quietly revealed tens of billions of dollars in losses on securities, according to a new report […]

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November 6, 2023
Berkshire Hathaway posts a 40% jump in operating earnings, cash pile swells to a record $157 billion

Berkshire Hathaway on Saturday reported a big jump in third-quarter operating earnings, while sitting on a record amount of cash as Warren Buffett saw few dealmaking opportunities. The Omaha-based conglomerate’s operating earnings — which encompass profits made from the myriad […]

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November 6, 2023
South Africa borrowing R1.5 billion per day

Finance Minister Enoch Godongwana said government spending has exceeded revenue since the 2008 global financial crisis, which puts it on the road to a fiscal crisis. Godongwana revealed the country’s dire finances during his medium-term budget policy statement, released on […]

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November 3, 2023
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
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