Drugstoc, an innovative startup that leverages technology to enhance access to health care has been announced as the overall winner of the 2023 Global Visa Everywhere Initiative (VEI) – an open innovation program and competition for start-ups and fintech companies, targeted at solving the payment challenges of tomorrow through innovation. The startup also won the … Read More “Drugstoc from Nigeria wins global Visa Everywhere Initiative 2023” »
By IVAN R. MUGISHA Rwandan President Paul Kagame’s declaration this week that he will run for a fourth term in next presidential election slated for next year was not unexpected, but it has fuelled concerns about the future of democracy in Rwanda. President Kagame, who won the last election with 98.8 percent to earn seven years … Read More “Kagame goes for 4th term, potentially joining club of ‘power clingers’” »
Ethereum has fallen short of expectations in terms of network activity following the much-anticipated Shanghai upgrade implemented in April. While the crypto community had high hopes for this upgrade, it appears that the results have left many disappointed, according to JPMorgan. JUST IN: JPMorgan says Ethereum has been disappointing since its Shanghai upgrade. — Watcher.Guru … Read More “Ethereum Has Been Disappointing Since Shanghai: JPMorgan” »
Chinese stocks rallied Thursday, running against the grain of declines across the region, while the 10-year Treasury yield drifted lower after touching the highest level in 16 years. Shares in Japan, Australia and South Korea fell while those in mainland China and Hong Kong rose, capping a run of daily declines. Tech stocks were well … Read More “China buoys Asia stocks, Yen weakens after BOJ: Markets wrap” »
by Fintechnews Africa 22 September 2023 In Tanzania, financial inclusion is improving at a rapid pace, facilitated by the proliferation of mobile phones and a significant uptake in mobile money services usage in the country, a 2023 study by Financial Sector Deepening Tanzania (FSDT), a local organization supporting the development of the financial sector and … Read More “Financial Inclusion Improves in Tanzania, Facilitated by Mobile Money” »
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The Lobito corridor – a trade route linking the southern Democratic Republic of the Congo (DRC) and north-western Zambia to global markets through the port of Lobito in Angola – is garnering increasing attention. It’s seen not just as a pathway to export mining commodities, but also as an artery for future economic growth. The … Read More “Zambia, DRC and Angola eye new economic opportunities from Lobito corridor” »
BlackRock Inc. and other money managers spent years rolling out sustainable funds, seeking to capitalize on surging interest in ESG investing. Now they’re abandoning an increasing number of those products in the U.S. amid political backlash and investor scrutiny. State Street Corp., Columbia Threadneedle Investments, Janus Henderson Group and Hartford Funds Management Group Inc., among … Read More “BlackRock, State Street among asset managers closing ESG funds” »
My Pivot Journal is a Ventures Africa weekly series documenting people’s career transitions from one industry to another, especially to tech. Kehinde always dreamt of being a dancer. But she soon realized that dancing is not an easy career to pursue in Nigeria, especially with bills to pay. So she settled for a career in sales. A … Read More “My Pivot Journal: How Kehinde Olorundare went from sales to strategies” »
The Federal Reserve is expected to pause its interest-rate hikes Wednesday for the second time this year following a slowing in inflation while leaving the door open for another increase as early as November. The Federal Open Market Committee will keep rates steady at its September 19-20 meeting in a range of 5.25% to 5.5%, … Read More “Fed set to pause rate hikes, but don’t count out another increase” »
