Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, and the Export Credit Bank of Türkiye (Türk Eximbank), Türkiye’s official export credit agency today signed an agreement to increase inter-regional cooperation, investment and trade between Türkiye and Africa. […]
Africa’s top 10 economies have the power to determine Africa’s financial course. Their impact spreads throughout the continent, luring investors and driving regional growth. With that said, it is a wonder how well the currencies of these giant economies are […]
Emirates NBD has launched a digital wealth platform that allows customers to trade securities and ETFs on both global exchanges such as, Nasdaq, NYSE, and London Stock Exchange and local markets such as, Dubai Financial Market, Abu Dhabi Securities Exchange, […]
The African continent has a population of 1.4 billion people, but it imports more than 90% of its medicines and 90% of its vaccines. WTO Director General Ngozi Okonjo-Iweala says the time has come to open up the continent to […]
Kenya has officially joined the Pan African Payments and Settlement System (PAPSS), Trade Cabinet Secretary Moses Kuria has said. Kuria on Friday, September 29, said that Kenyan companies will now be able to pay for trade transactions in local currencies. […]
JPMorgan Chase CEO Jamie Dimon says geopolitics after Russia’s invasion in Ukraine is the biggest risk, larger than high inflation or a U.S. recession. Global markets have taken a hit over the past week, as the U.S. Federal Reserve signaled that interest rates […]
Kenya’s government has picked Citi and South Africa’s Standard Group to advise it on how to handle a $2 billion Eurobond that is maturing in June 2024, a senior finance ministry official said on Monday. The East African nation needs […]
South Africa’s rand weakened to a three-month low against the dollar and yields on benchmark government bonds hit record highs amid a selloff fueled by concern about the country’s fiscal outlook as well as the risk-off mood globally. The rand […]
It was announced on Tuesday that Swiss banking group UBS has signed a memorandum of understanding (MoU) with China’s largest lender by assets, Industrial and Commercial Bank of China (ICBC), to explore the possibility of collaborations in the Chinese and […]
South Africa recorded foreign direct investment inflows of R53.8 billion ($2.8 billion) in the second quarter of 2023, up from inflows of R0.5 billion in the first quarter, central bank data showed on Thursday. The South African Reserve Bank said […]
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