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Finance

Stocks and US futures kept to narrow ranges as traders awaited a pivotal US jobs report for more evidence of whether the labor market is cooling fast enough to bring the Federal Reserve closer to reducing interest rates. Europe’s Stoxx 600 Index crept higher, keeping the benchmark on pace for a fourth week of advances. … Read More “Stocks are steady in nervy wait for US jobs data: Markets wrap” »

Finance

by Fintechnews Africa 8 December 2023 Though still in their early stages of development compared to Europe and the US, neobanks are playing a growing role in the Middle East and Africa (MEA) region by addressing challenges in accessing traditional financial services. The Fintech Times identified 45 neobanks in the MEA region, comprising mostly of … Read More “Middle Eastern and African Region Sees Neobanking Sector Picking up Steam” »

Finance

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 “Enko Capital sells majority stake in Netis to investor group” »

Finance

South Africa’s current account deficit shrank by much more than expected in the third quarter, reflecting lower import volumes amid weaker demand and logistics bottlenecks. Read: Economy shrinks as Eskom, Transnet woes bite ADVERTISEMENT CONTINUE READING BELOW The deficit on the current account, the broadest measure of trade in goods and services, shrank to an … Read More “SA’s current account gap narrows as imports slip” »

Finance

by Fintechnews Africa 5 December 2023 IFC announced an investment in a new fund by Apis Partners LLP, a private equity firm, to help innovative mid-cap financial service providers expand and boost financial inclusion among individuals and micro, small, and medium-sized enterprises across Africa, South Asia, and Southeast Asia. IFC is making a $75 million … Read More “IFC Invests in New Private Equity Fund Targeting Financial Inclusion Startups in Africa and Asia” »

Finance

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 “STANLIB launches $1bln energy transition credit fund” »

Finance

Factory managers in South Africa are the most pessimistic they’ve been about the outlook for business conditions since the strictest months of a Covid-19 lockdown three years ago, amid continuing power cuts and congestion at the nation’s ports. An index tracking expected business conditions in six months time fell to 41 in November, signaling that … Read More “SA factory manager outlook worst since Covid lockdown” »

Finance

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 “Funds managed by DPI and Verod Capital buy Nigerian tower company” »

Finance

African governments are scrambling for dollars, and that’s creating a new dividing line for investors. Amid a deepening shortage of hard currency on the continent, governments are turning to bartering, currency devaluations, central bank exchange controls, and help from the International Monetary Fund and Middle East to shore up their balance sheets. ADVERTISEMENT CONTINUE READING … Read More “Dollar scarcity is pushing more African countries to crisis” »

Finance

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 “Africa Go Green Fund reaches 60% of final goal with interim close” »