Mobile platform Hello Tractor connects tractor owners and operators with farmers in need of tractor services. The rise of agriculture technology (agtech) solutions in Africa has opened significant avenues to transform food systems and tackle long-standing obstacles to enhance smallholder productivity, write Aubry Hruby and Fatima Ezzahra Mengoub in a new Atlantic Council report titled, … Read More “Unpacking Africa’s agtech opportunity” »
Lucy Chua and John Byrnes didn’t just lose their Finra arbitration claim against several financial firms and advisors for allegedly fraudulent sales of private corporate bonds — they’re on the hook for more than $2 million in attorneys’ fees and costs incurred by the winning side. Chua and Byrnes are trustees of both the Yife … Read More “Arbitrators order losing investors to pay more than $2M” »
Water— the most abundant resource on earth — is scarce in many African communities. And this scarcity is more man-made than natural. For instance, Nigeria has no actual desert areas, save a connection to the Sahel. Yet, pipe-borne water accounts for less than 10% of the domestic water supply to Nigerian households. In Ghana, sachet … Read More “Solving Africa’s water and sanitation crisis will unlock opportunities – Mtchera Chirwa” »
In the ongoing Sam Bankman-Fried trial, FTX’s co-founder Gary Wang says that SBF stole customer funds from the beginning. In testimony to a New York Jury on Friday, Wang says Bankman-Fried authorized the illegal use of FTX customers’ funds and assets to plug financial gaps at an affiliated hedge fund from the exchange’s earliest days. … Read More “SBF stole customer funds from the beginning” »
Oil major BP has selected offshore installation contractor Allseas to complete the subsea pipelay scope for its ultra-deepwater Greater Tortue Ahmeyim (GTA) natural gas project offshore Mauritania and Senegal. Allseas will conduct the offshore pipelay works in early December 2023 using the world’s largest construction vessel, Pioneering Spirit. Installation support will be provided by Allseas’ … Read More “Allseas’ Pioneering Spirit Takes on Challenging Pipelay Project for BP” »
Helium and LNG producer Renergen has fired a warning shot at its detractors amid a steep share price fall. Since June, the South African company’s share price has fallen around 40%, although it was up 6% today. In its statement, the company said it was responding to “recent negativity initiated on social media”. The company … Read More “Renergen fires warning shot at social media detractors” »
Asian shares rose before a monthly US payrolls report forecast to show employers slowed hiring month, potentially easing pressure on the Federal Reserve to raise interest rates again. Equity benchmarks in Australia, Japan, South Korea and Hong Kong all climbed. A region-wide share gauge headed for its second daily advance, which would mark the first … Read More “Asian stocks gain as traders await US payrolls: Markets wrap” »
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Published by Terser Adamu on 5 October 2023 In Episode #90 of the Unlocking Africa podcast, Terser Adamu talks to Richmond Bassey, who is the CEO and founder of Nigeria-based Bamboo, an investment platform that allows its users to invest in US-listed stocks. The podcast covers the following topics: The way Bamboo assists Africans in … Read More “Investing in US-listed stocks from Nigeria with Richmond Bassey” »
To the extent that traditional pension plans aren’t all but a thing of the past in the private sector, they soon may be. Among companies that still have active defined-benefit plans on their books, 89% are planning to offload their pensions to insurance companies using a strategy called pension risk transfer, which puts workers and … Read More “Employers racing to offload DB plans via pension risk transfer” »
