by Fintechnews Africa 10 May 2023 SC Ventures, the fintech, investment and ventures arm of Standard Chartered, has launched Kenya-based Tawi, a B2B agritech marketplace for secure e-commerce transactions for smallholder farmers in Kenya. Tawi aims to provide farmers with a viable and consistent market, price transparency and efficient supply chain management. Cherotich Rutto “Tawi … Read More “SC Ventures Launches B2B Agritech Marketplace for Farmers in Kenya” »
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Fintech BKN301 will significantly aid MENA region’s fintech sector, which experts project to reach $3.45 billion by 2026. Two of the world’s three largest remittance corridors located in the UAE and Saudi Arabia handled $78 billion in payments in 2020, 6 equating to 7 percent of the GDP of the two nations combined. Currently, fintech … Read More “BKN301 aims to shake up MENA’s growing fintech market” »
Equities slid while government bonds yields climbed in much of Asia and Treasuries held their sharp move from the previous session as investors reassessed the risks from inflation. The unexpected decision by the Bank of Canada to restart its rate-hiking campaign on Wednesday — which followed an increase earlier in the week in Australia — … Read More “Bond yields rise, stocks fall as rates view shifts: Market wrap” »
by Company Announcement 18 May 2023 South Africa’s informal market is a space that is well understood by South African fintech, Lesaka Technologies, a champion of financial inclusion, steadily building a leading position in these fast growing, previously underserved markets. GG Alcock, who coined the term Kasinomics to describe the township economy, is one of … Read More “Robust Results from Lesaka as it Champions Financial Inclusion” »
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European stocks and US futures slid following a strong rally in Asia. The dollar headed for its biggest weekly loss in more than two months on bets that the Federal Reserve is nearing the end of its hiking cycle. Chemical shares led losses in Europe after a downbeat earnings statement from Croda International Plc. The … Read More “Europe stocks see choppy trading after Asia rally: Markets wrap” »
by Fintechnews Africa 22 May 2023 A consortium led by independent private equity fund manager, Infinite Partners, has announced its acquisition of South African fintech specialist, e4. The transaction will see e4 obtain the necessary capital for advancing to the next stage of its expansion. Infinite Partners is an African private equity fund manager, established … Read More “Acquisitions of South African Fintech Specialist E4” »
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Analysts have raised the earnings outlook for South Africa’s main equity index to an almost 11-year high. Money managers say that’s a red herring. The average forecast for 12-month profits in the FTSE JSE Africa All Share Index rose as much as 4% in dollar terms this year through May 31 to the highest level … Read More “Rising profit estimates mask SA’s frail equity outlook” »
