Oil headed for a weekly loss of over 4% after the Federal Reserve signaled that further rate hikes were needed, bruising appetite for risk, aiding the dollar, and raising the prospect of an economic slowdown. West Texas Intermediate fell below $69 a barrel after tumbling 4.2% on Thursday. In testimony this week, Fed Chair Jerome … Read More “Oil suffers steep weekly decline as Fed flags further tightening” »
The importance of data for today’s business cannot be overstated, and when it comes to cybersecurity, complacency can be your worst enemy. Being vigilant to the threats in the cybercrime landscape, being prepared for an attack, and importantly, having the right IT partner to ensure your solution and strategy will meet your needs, is imperative … Read More “Vigilance and Preparedness – staying ahead in a rapidly evolving cyber threat landscape – IT News Africa” »
by Fintechnews Africa 21 June 2023 In Africa, improved productivity, increased digitalization and a rapidly expanding talent pool are laying the foundations for the continent to become a major services outsourcing destination, a new report by McKinsey and Company says. The report, released on June 05, 2023, looks at Africa’s economic, social and demographic trends … Read More “Digitalization: Africa to Become a Top Services Outsourcing Destination in Case Productivity Gets Better” »
Seedstars Capital and Swiss philanthropic foundation Fondation Botnar have launched Seedstars Youth Wellbeing Ventures, a $20 million investment mandate targeting early-stage startups in Africa that are focused on improving the wellbeing of people below 30 years in low-and-middle-income countries. The evergreen fund will back pre-seed to Series A startups including those that advance health services, … Read More “Seedstars, Fondation Botnar launch new fund to back African startups focused on youth wellbeing” »
The number of investment advisors reached an all-time high in 2022, as did total employment in the sector, even as assets under management declined, according to an industry study released Thursday. The Investment Adviser Association reported that there were 15,114 investment advisors registered with the Securities and Exchange Commission in 2022, an increase of 2.2% … Read More “Number of investment advisors hits record high” »
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Safaricom launches an innovative spin & win gamified promotion dubbed ‘Gomoka na Go Monthly’, rewards customers with over 30M. ‘Gomoka na Go Monthly By Safaricom ’Spin and Win Safaricom launches an innovative spin & win gamified promotion dubbed ‘Gomoka na Go Monthly’, rewards customers with over 30M. Safaricom has launched the ‘Gomoka na Go Monthly’ … Read More “‘Gomoka na Go Monthly By Safaricom’ Spin and Win” »
Heatwaves across Asia and beyond have already broken records this year. Heatwaves across Asia and beyond have already broken records this year, while the arrival of the El Nino climate phenomenon will mean even more extreme temperatures. Here AFP looks at how climate change produces extreme heat, how scientists evaluate heatwaves and the risks to … Read More “How climate change fuels extreme heat” »
YouTube, the leading online video community, demonstrated its unwavering commitment to amplifying black content creators in Africa during a two-day event held in Nairobi, Kenya. The event served as a platform to celebrate the 2023 #YouTubeBlack Voices Fund grantees while fostering connections, networking, and collaboration among creators. The celebrations in Kenya brought together over 100 … Read More “#YouTubeBlack Voices fund inspires growth of African creators” »
South African inflation slowed more than projected to a 13 month-low in May, easing pressure on the central bank to continue raising interest rates. The annual inflation rate was 6.3%, down from 6.8% in April, according to a report released by the statistics office on Wednesday. The median estimate of 13 economists in a Bloomberg … Read More “CPI slows more than expected in May” »
