US retail sales exceeded all forecasts and industrial production strengthened last month, fresh evidence of a resilient American consumer whose spending is helping stabilise manufacturing. Sales, unadjusted for inflation, increased 0.7% after upwardly revised advances in the prior two months, according to the Commerce Department. So-called control group sales — which are used to calculate … Read More “US economic data keep coming in stronger and defying forecasts” »
KCB & Mastercard Unveil World Elite Credit Cards KCB & Mastercard Unveil World Elite Credit Cards KCB Bank Kenya has partnered with global payments technology company, Mastercard, to roll out the World Elite Exclusive Credit Card that will offer premium and private banking customers a range of market-exclusive benefits, privileges, and experiences. This collaboration marks … Read More “KCB & Mastercard Unveil World Elite Credit Cards” »
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 the investment firms … Read More “Alitheia IDF adds textile firm to portfolio in latest gender-lens deal” »
As we stand on the cusp of the fourth industrial revolution, one thing is increasingly clear: the future of entertainment is not limited to screens; it’s an interactive experience that blends the virtual and the real. Leading this paradigm shift is Apple, a company synonymous with innovation and high-quality design. The recently launched Apple Vision … Read More “Mixed Reality Is The Future of Entertainment” »
Youth Talks, an initiative of the Higher Education for Good Foundation, has unveiled insightful data in a global report compiled from over 45,000 participants aged between 15 – 29, spanning 212 countries and territories. As the first edition of the report from its consultation, the world’s largest open youth consultation, it is an unprecedented data … Read More “Sub-Saharan African youth prioritize financial and professional success over personal happiness” »
Crypto exchange Binance has seen its withdrawals reach $1.4 billion in just 24 hours as its struggles seemingly continue. Indeed, DeFillama’s data has noted more than $1 billion in net outflow for the exchange. Subsequently, most of these have arrived as another executive has departed, and its regulatory concerns continue. The data from DeFillama shows … Read More “Binance Withdrawals Hit $1.4 Billion in 24 Hours Amid Struggles” »
Asian stocks fell as volatility gripped global markets from an escalation in tensions in the Middle East, driving oil and gold to further advances. MSCI’s Asia Pacific Index – a gauge for benchmarks in the region – lost 0.2% and is set for its biggest weekly drop in two months. China stocks pared earlier losses … Read More “Asia stocks decline, treasuries gain on Fed bets: Markets wrap” »
by Fintechnews Africa 20 October 2023 In Nigeria, the fintech industry has expanded well beyond payment services to now encompass a wide range of segments, including regulatory compliance, credit and blockchain. This growth has been driven by mass adoption of digital financial services and increased collaboration within the sector to facilitate innovation. But despite the … Read More “Despite Growth and Potential, Fintech Development Faces Challenges in Nigeria” »
Rystad Energy has warned of an impact to European gas supplies this winter from the Israel-Hamas conflict, with some early signs of disruption apparent. An impact on Israeli gas would reduce exported volumes, particularly to Egypt. This would endanger Egypt’s plans to shift back to LNG exports. LSEG senior analyst Olumide Ajayi noted today that … Read More “Tanker reroutes from Egypt amid Israeli gas squeeze” »
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 “Guinean furniture firm evaluated for investment by IFC” »
