Image Credit: Orient Tea 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, … Read More “Orient Tea lands investment from SEAF, DFC, USAID and ABCapital” »
The Federal Reserve’s preferred measure of underlying inflation posted the smallest back-to-back increases since late 2020, encouraging a burst of consumer spending and feeding growing expectations that the economy can avert a recession. The core personal consumption expenditures price index, which strips out the volatile food and energy components, rose 0.2% in July for a … Read More “Fed’s preferred inflation gauges rise modestly, spending jumps” »
by Fintechnews Africa 28 August 2023 Fintech in Africa has witnessed significant growth and dynamism in recent years, driven by a combination of favorable demographic, economic and technological factors. Between 2017, the number of fintech startups active in the continent increased by 125.2% to reach 678 ventures, according to the latest edition of Disrupt Africa’s … Read More “Top 9 Upcoming Fintech Events in Africa” »
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 “Beyond Capital and Variant Investments lead round for Kenyan fintech” »
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” »
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” »
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 “AIIM invests growth capital in newly-formed joint data center platform” »
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” »
According to Mordor Intelligence, Africa’s electric vehicle market could reach $21.39 billion by 2027. Similarly, the market for motorcycles in the continent will grow to $5.07 billion by 2027. Africa has at least a fifth of the world’s metal reserves critical for the energy transition, which includes about 19 per cent of those needed for … Read More “E-Mobility in Africa to Revolutionize Transport systems” »
