US economy likely expanded in the third quarter at the fastest clip in nearly two years, a surprising acceleration primarily powered by a consumer reaping the benefits of resilient job growth, rising wealth and easing inflation. Gross domestic product is projected to have grown at an annual rate of 4.5% last quarter, more than double … Read More “Strongest US economic growth since 2021 puts Fed in tough spot” »
by Fintechnews Africa 27 October 2023 Temenos announced that Africa and Gulf Bank (AGB), one of the progressive banks in Sudan, has selected Temenos to modernize its digital and core banking capabilities. The Temenos solution, hosted on the cloud, will enable AGB to provide products faster to retail and corporate customers in Sudan and around … Read More “Africa and Gulf Bank Selects Temenos to Deliver Digital Transformation on the Cloud” »
Fees associated with health savings accounts are falling but only a fraction of account holders use their HSAs as investment vehicles — and financial advisors can help turn around the latter trend, experts said. Morningstar Inc. Thursday released its annual “landscape study” on HSAs, which shows that through the middle of this year, the total … Read More “HSA fees fall, but their use as investment vehicles remains limited” »
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KCB RFC in Search of Historic 10th Floodlit Title KCB RFC in Search of Historic 10th Floodlit Title Defending Champions KCB RFC will be hunting for a record-breaking 10th floodlit rugby title when the team squares it out with Nondies in the tournament’s final at the Impala Grounds this Saturday. The bankers will miss the services … Read More “KCB RFC in Search of Historic 10th Floodlit Title” »
Nigeria’s currency has tumbled to record lows against the US dollar, putting further pressure on new president Bola Tinubu as he tries to reform Africa’s largest economy. Tinubu took the reins in May, pledging to break with the policies of his predecessors and attract foreign investment to Nigeria. Allowing the naira to float more freely … Read More “Nigeria’s record currency slide continues as dollars dry up” »
My Pivot Journal is a Ventures Africa weekly series documenting people’s career transitions from one industry to another, especially to tech. Olukunle Aboderin has always had a strong affinity for numbers. However, his passion for entertainment ultimately led him to a successful career as a DJ. After several years of spinning records and touring with chart-topping musicians, … Read More “My Pivot Journal: Olukunle Aboderin went from spinning records to crunching numbers” »
Elon Musk plans to turn X into a full-on finance platform within a year, saying that users won’t need a bank account anymore, according to a Verge report. He expects those features to launch by the end of 2024, he told X employees during an all-hands call on Thursday, JUST IN: Elon Musk plans to turn … Read More “Elon Musk to turn X into a full-on finance platform within a year” »
The US economy grew at the fastest pace in nearly two years last quarter, fueled by a surge in consumer spending. Gross domestic product accelerated to a 4.9% annualised rate, more than double the second-quarter pace, according to the government’s preliminary estimate Thursday. The economy’s main growth engine — personal spending — jumped 4%, also … Read More “US economy grew at a 4.9% pace last quarter, fastest since 2021” »
Image Credit: Norfund 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 “Norfund provides climate adaptation financing to citrus grower” »
