Stocks in Asia advanced, with Chinese equities outperforming as traders awaited a raft of economic figures over the next few days for clues on the outlook for global central bank policies. An Asian equity gauge rose 0.8%, supported by gains across major indexes in the region. The Hang Seng Index extended its increase into a … Read More “Stocks climb as China extends gains; yields fall: Markets wrap” »
XRP Ledger (XRPL) is about to introduce its very own automated market maker (AMM), which could completely change the way holders interact with the network. The amendment, called XLS-30D, could bring a whole new dimension to the project. The introduction of an AMM on XRPL could prove to be extremely beneficial for the network. It … Read More “XRPL’s New AMM to Incentivize On-Chain XRP Holders” »
by Fintechnews Africa 29 August 2023 LemFi (former Lemonade Finance), a Canada based fintech platform transforming financial services for immigrants, has raised a $33 million Series A round led by Left Lane Capital. Other investors included Y-Combinator, Zrosk, Global Founders Capital, and Olive Tree. Each year, millions of immigrants move abroad to start new lives, … Read More “LemFi Raises $33 Million To Transform Financial Services For African Immigrants” »
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When Roesdien Hendricks warns that his community in the heart of Johannesburg is about to explode because of illegal gold miners who scare away the police, strip power cables and divert water supplies, he is not exaggerating. As “Zama-zamas” blow up a historic gold reef that was at the core of nearly 140 years of … Read More “‘Everything is being stripped and stolen’: South Africa’s run-down city of gold” »
St. Bakhita currently operates two kindergartens, two primary schools, and a junior school. Private education is big business in Kenya. We speak to the founder of St. Bakhita School about how she started and grew the company. Private education in Kenya has witnessed rapid expansion. Between 2014 and 2020 alone, the number of private schools … Read More “How this entrepreneur built a private schools business” »
The greenback rallied toward a three-month high as traders mulled the possibility of higher-for-longer interest rates ahead of Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole symposium on Friday. The Bloomberg Dollar Spot Index climbed as much as 0.2% to the highest since early June as investors readied for cues from Powell on … Read More “Dollar climbs toward three-month high as traders prep for Powell” »
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 “Dutch DFI mulls commitment to solar debt fund” »
Receive free South Africa updates We’ll send you a myFT Daily Digest email rounding up the latest South Africa news every morning. More than $15bn worth of exports that sustain a critical part of South Africa’s manufacturing industry is on the line as Pretoria battles the fallout from a US accusation that it covertly supplied … Read More “South Africa’s flirtation with Moscow risks billions of dollars in US exports” »
The average price for U.S. houses sold during the second quarter was nearly $500,000 — that, coupled with the highest mortgage interest rates in over 20 years, could make a 401(k) loan appealing for buyers. Whether that’s a good idea is another matter. In the best-case scenario, financial advisors say: It’s complicated. For most people, … Read More “Think twice about a 401(k) loan for a home down payment” »
