In 1972, Henry Kissinger, paved the way for the normalization of US-China relations. The US national security adviser engineered a meeting between President Richard Nixon and Chairman Mao Zedong—a masterstroke of realpolitik. It peeled China away from the Soviet bloc, giving the US an edge in the Cold War. More recently, President Donald Trump started … Read More “The US is wrong about China …” »
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A surge in rice prices to the highest level in almost 15 years is renewing fears that food costs are going to get a lot more expensive for the world’s poorest people. The grain is vital to the diets of billions in Asia and Africa. Rice contributes as much as 60% of total calorie intake … Read More “Soaring rice prices stretch budgets for billions in Asia, Africa” »
Image Credit: Bridge Taxi Finance 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, … Read More “Triodos funds provide Minibus Taxi Finance provider with a loan” »
The Middle East and Africa cold chain market will expand by 7.4% to $35.1 Billion by 2028. Over one third of food from Africa is lost to spoilage or wastage partly due to poor storage capacity. Studies show that leading cause of food wastage is spoilage due to lack of cold storage systems. The demand … Read More “Cold Chain Market could be the answer to Africa’s food insecurity” »
Bonds gained along with the dollar on Tuesday, while stocks fell as fresh concerns around China’s economic recovery and the state of US banks sent investors scurrying for havens. Miners and carmakers led a drop in the Stoxx Europe 600 index after China’s trade plunged in July as slowing global demand clouded the outlook for … Read More “Bonds gain, stocks fall amid China, banks concerns: Markets wrap” »
by Fintechnews Africa 7 August 2023 The House of Representatives, one of the two Chambers that make up the Bicameral Legislature of Nigeria, has requested the central bank to halt the implementation of a new directive mandating financial institutions to collect additional customer information, including social media handles, for know-your-customer (KYC) purposes. The decision was … Read More “Nigeria Legislative Body Requests Pause on Social Media KYC Requirement” »
Image Credit: Remedial Health 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 “Repeat investors back Remedial Health’s latest round” »
Asian shares were mostly lower Monday as traders assessed a mixed US jobs report for clues on the Federal Reserve’s next decision. The intensifying Ukraine-Russia conflict also weighed on sentiment. Equity gauges declined in mainland China, South Korea and Australia. Chinese pharmaceutical stocks were among the worst performers in the nation on reports of a … Read More “Asian shares slip, oil steady after drone attacks: Markets wrap” »
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” »
