US Congressman Patrick McHenry has released a statement calling the stablecoin a “pillar of our 21st-century payment system.” Specifically, McHenry stated that the arrival of PayPal’s PYUSD is a “clear signal” of the overall potential of the asset in the modern world. The arrival of the US dollar-pegged asset is certainly a positive development for … Read More “US Congressman Calls Stablecoins a ‘Pillar’ of Payment System” »
by Fintechnews Africa 7 August 2023 Mastercard has announced a strategic partnership with Lipa Later, a leading credit-led and technology-driven fintech. This collaboration aims to accelerate the expansion of Buy Now, Pay Later (BNPL) payment services in Africa. The partnership is expected to unlock new opportunities for consumers and merchants by providing tailored BNPL solutions … Read More “Mastercard and Lipa Join Forces to Drive Financial Inclusion and BNPL Solutions in Africa” »
August 3, 2023 Credit: Aker Solutions Norway’s Aker Solutions has won a “sizeable” contract from Azule Energy, a BP-Eni JV in Angola, to provide subsea umbilicals for the Ndungu project offshore Angola. Aker Solutions defines a sizeable contract as between NOK 0.5 billion (currently around $48,57 million) and NOK 1.5 billion … Read More “Aker Solutions Wins “Sizeable” Order from BP-Eni JV for Offshore Angola Project” »
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ROCKVILLE, Md. and SUZHOU, China, Aug. 6, 2023 /PRNewswire/ — Ascentage Pharma (6855.HK), a global biopharmaceutical company engaged in developing novel therapies for cancer, chronic hepatitis B (CHB), and age-related diseases, announced today that lisaftoclax (APG-2575), a novel Bcl-2 inhibitor and one of the company’s core assets, has been cleared by the US Food and … Read More “Ascentage Pharma Received Clearance from U.S. FDA to Proceed with Global Registrational Phase III Clinical Trial for Lisaftoclax (APG-2575) in Previously Treated Patients with CLL/SLL” »
Azule Energy has awarded TechnipFMC work to supply flexible pipe for its Ndungu project offshore Angola. In an 2 August announcement TechnipFMC (NYSE:FTI) noted that the significant award – valued at between $75 million and $250m – marked its second win in Angolan developments in recent months. In February Azule – a local joint venture … Read More “TechnipFMC awarded Ndungu pipe work off Angola” »
The Voyager 2 spacecraft – located 12 billion miles away from Earth – stopped sending data to Nasa after a wrong command tilted its antenna. Nasa’s Deep Space Network (DSN) has detected a carrier signal from Voyager 2, confirming that the spacecraft has not been lost in space and remains operational. The space agency had … Read More “Nasa hears Voyager 2 ‘heartbeat’ after accidentally severing contact” »
Dupe Killa-Kafidipe is the founder of Platinum Fisheries Fish constitutes roughly 40% of Nigeria’s protein consumption, with the annual demand reaching 3.6 million tonnes. Of this, about 2.5 million tonnes of frozen fish are imported each year. In this article, we spotlight four organisations harnessing the potential of Nigeria’s fish industry. 1. Entrepreneur grows smoked … Read More “Four businesses seizing opportunities in the fish industry” »
Nigeria has one of sub-Saharan Africa’s most advanced banking sectors. Banking has been one of the most resilient and best-performing sectors in Nigeria. But it’s far from perfect. Banking services are still out of reach for nearly 40 per cent of the population. Many people still don’t have access to credit, especially SMEs, which comprise … Read More “Inlaks-Fiorano host industry players to open banking for growth in Nigeria” »
The mood is rapidly souring in the world’s bond market, raising the stakes for Friday’s much-anticipated US monthly jobs data. A surge in long-term yields to their highest since November has seen the Treasury market shed all its gains for 2023, crushing hopes for a rebound from last year’s record 12.5% loss. The move has … Read More “Bond market confronts risk of pivotal US jobs report” »
