by Fintechnews Africa 16 January 2024 On December 20, 2023, Peace Itimi, the host of Founders Connect, a YouTube show that interviews up-and-coming entrepreneurs in the African startup landscape, premiered a new documentary spotlighting the Nigerian tech ecosystem. The documentary, titled “Innovating Africa: The Rise of Tech in Nigeria”, delves into the evolution of the … Read More “The Top Nigerian Fintech Products According to The Nigerian Tech Ecosystem Movie” »
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US inflation accelerated at the end of 2023, fueled by stubborn services costs while a protracted decline in goods prices petered out. The consumer price index increased 3.4% in the year through December, the most in three months, according to government figures. It also rose by more than forecast on a monthly basis as housing … Read More “US inflation picks up, signalling bumpy path for Fed” »
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Ethiopia-Somalia port dispute has seen the European Union, the Organisation for Islamic Cooperation and the Arab League declare support for Somalia. The deal on the port agreement has rattled a section of Somalians who took to the streets in Mogadishu to protest against the agreement. The Horn of Africa, region comprises countries such as Djibouti, … Read More “Ethiopia-Somalia port dispute risks Horn of Africa trade” »
Nations in Sub-Saharan Africa have been locked out of international debt markets for 22 months now, and investors increasingly are betting the drought will soon end as countries seek funding for a slew of principal payments coming due this year and next. South Africa is due to repay $1.5 billion in bonds this month, while … Read More “South Africa is due to repay $1.5bn in bonds this month” »
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Japanese stocks climbed to fresh three-decade highs, contrasting with muted trading across the rest of the equity world, as broader sentiment remained cautious ahead of a key US inflation report. Europe’s Stoxx 600 index edged lower, with mining stocks slipping as iron ore extended a declines amid concerns over demand. US equity futures were confined … Read More “Japan shines amid stock weakness, bitcoin rebounds: Markets wrap” »
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Asian stocks fell, led by a selloff in technology shares in Hong Kong, amid fears of tighter regulation on the gaming industry and concern government efforts to bolster the economy are insufficient. The Hang Seng Tech Index slid as much as 3.3%, putting it on course for the lowest close since November 2022. Benchmark stock … Read More “Asia stocks drop as China technology shares tumble: Markets wrap” »
