An accelerating selloff in US government bonds is starting to spread havoc across financial markets, pushing up borrowing costs, weighing on currencies and driving stocks toward a technical correction. An Asia stock benchmark fell for a third day, taking its decline since a July high to just over 10%. Treasuries extended losses in Asian trading, … Read More “Stocks sink as bonds convulse, dollar rally builds: Markets wrap” »
Image Credit: Mediterrania Capital Partners 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, … Read More “Italian DFI makes first investment in a Mediterrania Capital fund” »
Medic West Africa, the largest gathering of healthcare professionals in the region, recently concluded a successful three-day run on Thursday, September 28, 2023, at the Landmark Center in Lagos, Nigeria. Featuring over 3,600 attendees and 161 exhibitors from 32 countries, Medic West Africa drew together regional healthcare professionals, policymakers, and service providers who are committed to … Read More “Thousands in attendance as Medic West Africa sets stage for brighter future of healthcare in West Africa” »
With the long-awaited trial beginning today, the lawyers of FTX co-founder Sam Bankman-Fried are attempting to block a Ukrainian witness’s testimony. Specifically, Bankman-Fried’s defense seeks to invoke a Sixth Amendment right against the testifying witness. Bankman-Fried has argued that the testimony would “serve only to elicit the jury’s sympathy and outrage.” Subsequently, a letter was … Read More “Bankman-Fried Attempting to Block Ukrainian Witness Testimony” »
In Episode #88 of the Unlocking Africa podcast, Terser Adamu talks to Samuel Okwuada, the CEO and co-founder of Remedial Health, which is building a tech-enabled, pharmacy-centred healthcare network across the continent. The company establishes a direct supply chain from manufacturers to pharmacies for medical and non-medical essentials, thereby cutting out unnecessary intermediaries. It also … Read More “Fixing Africa’s broken medicine supply chain with Samuel Okwuada” »
US stock futures advanced along with Asian equities after a deal was reached on the weekend to avoid an American government shutdown. Traders are waiting to hear Federal Reserve Chief Jerome Powell’s remarks for any clues on how much further rates will need to rise. Futures contracts on the S&P 500 raced higher Monday after … Read More “Stocks rise after US deal, traders await Powell: Markets wrap” »
Zimbabwe’s president is preparing to restart talks on $14bn of unpaid debt as deep divisions persist over disputed elections in the southern African country. Emmerson Mnangagwa is betting that international concerns over his re-election and increasing signs of cronyism will not block a potential deal to restructure longstanding debts to the World Bank, African Development … Read More “Zimbabwe aims to shake off election criticism with new debt deal” »
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 “Strong demand prompts AIIM to double investment in NOA” »
The SEC gave a big present to crypto ETF firms just ahead of the likely government shutdown, reportedly granting approval for a number of ethereum futures strategies that could start trading soon. First on its list appears to be Valkyrie Funds, which had filed with the regulator to add ethereum futures to its existing Bitcoin … Read More “SEC drags on with spot Bitcoin ETFs, Ethereum futures get a nod” »
In northeast Ghana, pregnant women sit on hot water and shea butter to ease labour pains and protect their newborns’ skin. In the Gambia, shea butter is applied to the babies’ umbilical stumps to prevent infections and reduce mortality rates. It is believed that the fatty acids, vitamins, antioxidants, and anti-inflammatory agents present in the … Read More “Are organic skincare products good for the economy?” »
