Shares advanced in Asia after US stocks resumed a rally fueled by fresh data that backed the case for the Federal Reserve to cut interest rates more than currently anticipated. A gauge of regional equities gained for a third time in four days with mainland China benchmarks edging higher after earlier falls. The S&P 500 … Read More “Stocks gain after fresh US data support rate cuts: Markets wrap” »
Various by Fintechnews Africa 22 December 2023 Fintech News Africa would like to take this opportunity to wish all our readers a Merry Christmas and a very Happy New Year. We will be taking a break from the 22nd of December 2023 to the 2nd of January 2024. Until then, you can access some of … Read More “Year End Message to Our Readers – Offline From 22nd December to 2nd January” »
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KCB Bank Kenya and TMB win 2023 Best Bank of the Year Awards KCB Bank Kenya and TMB win 2023 Best Bank of the Year Awards KCB Group has bagged two top global awards after its two subsidiaries – KCB Bank Kenya and Trust Merchant Bank SA (TMB) were named 2023 Best Banks of the Year in their respective countries during … Read More “KCB Bank Kenya and TMB win 2023 Best Bank of the Year Awards” »
My Pivot Journal is a Ventures Africa weekly series documenting people’s career transitions from one industry to another, especially to tech. Anthony Agah’s interest in tech was always simmering in the background. He only realized how much he loved it when he started helping other techies find jobs. Here is Anthony Agah’s pivot journal. How it started … Read More “My Pivot Journal: How Anthony Agah went from training people on soft skills to being a product manager” »
Stocks fell across Asia, following US declines, as optimism over the prospect of Federal Reserve interest-rate cuts waned and investors trimmed holdings before year-end. The MSCI All Country World Index of shares headed for a second day of loses after it had powered ahead for the previous nine sessions. Both the S&P 500 and Nasdaq … Read More “Stock, bond rally takes a breather before year-end: Markets wrap” »
Image Credit: Pixabay To read this article, you must be a paid subscription member. (Current members login here) Reserve your digital subscription today Join now for $35 per month Join now for $399 per year for access to: Weekly newsletter with original and curated news, analysis, and perspective Africa’s private capital deals, fundraises, and … Read More “Criterion Africa Partners seals tenth deal for second forestry fund” »
In a noteworthy development, Russia has officially incorporated its digital ruble into the national tax code, signifying a pivotal advancement in the broader acceptance of the central bank digital currency (CBDC). President Vladimir Putin’s approval of this measure underscores the government’s dedication to overcoming economic challenges, including sanctions, through inventive financial solutions. The Digital Ruble … Read More “Digital Ruble Codified in Tax Legislation by Putin” »
The Federal Reserve’s dovish policy pivot is cornering even the most steadfast Wall Street bears into changing their tune on US equities. Morgan Stanley’s Mike Wilson, who’s been one of the biggest pessimists among sell-side strategists, said Monday that the central bank’s shift last week is “a bullish outcome” for stocks. Piper Sandler & Co’s … Read More “Fed’s pivot is forcing stock-market skeptics to become believers” »
Image Credit: Pixabay To read this article, you must be a paid subscription member. (Current members login here) Reserve your digital subscription today Join now for $35 per month Join now for $399 per year for access to: Weekly newsletter with original and curated news, analysis, and perspective Africa’s private capital deals, fundraises, and … Read More “Old Mutual Alternatives holds second close for education fund” »
