China is no longer set to eclipse the US as the world’s biggest economy soon, and it may never consistently pull ahead to claim the top spot as the nation’s confidence slump becomes more entrenched. That’s according to Bloomberg Economics, which now forecasts it will take until the mid-2040s for China’s gross domestic product to … Read More “China slowdown means it may never overtake US economy, forecast shows” »
As a BRICS member country and prominent voice of the global south, India is reportedly seeking to change its name to Bharat. Indeed, the proposal for the name change is set to be discussed in a special parliament session scheduled for September 18th. Subsequently, presenting a likely date for the remaining to be made official. … Read More “India Planning to Change Its Name to Bharat” »
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August 31, 2023 © Zerophoto / Adobe Stock Shell’s Cullinan-1X exploration well offshore Namibia did not make a commercial oil and gas discovery, the company said on Thursday. Namibia, which has yet to produce any oil and gas, has attracted strong interest from international companies after Shell and TotalEnergies recently made … Read More “Shell Comes Up Empty in Namibia Exploration Well” »
Brice Oligui Nguema has been sworn in as Gabon’s new transitional president this morning, with borders reopening and oil exports resuming. The general seized power last week in a coup, on August 30. The military took control of media stations and put President Ali Bongo under house arrest. As the security forces took control of … Read More “Gabon reopens borders, swears in transitional president” »
Published by Terser Adamu on 3 September 2023 In Episode #85 of the Unlocking Africa podcast, Terser Adamu talks to Tarek Mouganie, the founder of Affinity, a digitally-driven financial institution that provides banking products to the underserved and unbanked in Ghana. The podcast covers the following topics: An overview of the money-related services provided by … Read More “Spotting a gap in the banking industry with Tarek Mouganie” »
Trade groups for the world’s biggest hedge funds and private equity firms are taking the Securities and Exchange to court over new restrictions it placed on the industry last month. The American Investment Council and the Managed Funds Association are among the groups alleging the SEC went too far by rolling out sweeping … Read More “Hedge funds, private equity sue SEC over fee disclosure rule” »
“Our mission is to make healthcare accessible and affordable for Africans. We provide a combination of healthcare packages and insurance that can be financed by Africans in the diaspora for relatives back home.” – Bola Bardet, CEO & Co-Founder, Susu. Bola Bardet, CEO and co-founder of Susu, is among the 20 finalists at Africa’s Business … Read More “#ItsOurTime Beninese startup, Susu, is helping the African diaspora make informed financial healthcare commitments” »
For September, motorists could find themselves paying between R24.00 and R24.48 per litre of petrol, while wholesale diesel prices may jump to between R23.06 and R23.28 per litre. CEF’s fuel price data for the last day of August indicates a substantial under-recovery of between R1.59 and R1.65 per litre for petrol, while diesel saw an … Read More “Fuel prices to take the spring out of your step” »
by Fintechnews Africa 1 September 2023 Africa’s cryptocurrency market is surging on the back of booming usage of blockchain-based payments across the region. Use cases including remittances, supply chain financing, digital identity verification, and peer-to-peer (P2P) lending, a new report produced by Finextra in association with Kora, a pan-African payment infrastructure company from Canada, says. … Read More “Blockchain-Based Payments on the Rise in Africa” »
