European stocks and US futures slid following a strong rally in Asia. The dollar headed for its biggest weekly loss in more than two months on bets that the Federal Reserve is nearing the end of its hiking cycle. Chemical shares led losses in Europe after a downbeat earnings statement from Croda International Plc. The … Read More “Europe stocks see choppy trading after Asia rally: Markets wrap” »
by Fintechnews Africa 22 May 2023 A consortium led by independent private equity fund manager, Infinite Partners, has announced its acquisition of South African fintech specialist, e4. The transaction will see e4 obtain the necessary capital for advancing to the next stage of its expansion. Infinite Partners is an African private equity fund manager, established … Read More “Acquisitions of South African Fintech Specialist E4” »
Image Credit: Sun King 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 “BII and Stanbic Kenya in Sun King securitization deal” »
Analysts have raised the earnings outlook for South Africa’s main equity index to an almost 11-year high. Money managers say that’s a red herring. The average forecast for 12-month profits in the FTSE JSE Africa All Share Index rose as much as 4% in dollar terms this year through May 31 to the highest level … Read More “Rising profit estimates mask SA’s frail equity outlook” »
by Fintechnews Africa 29 May 2023 Zimbabwe has received a total of 241 applications valued at about ZW$22 billion for the sale of its gold-backed digital tokens, data from the central bank show. The sum represents a total value of about US$11.7 million, based on rates from ZimRates.com, a platform that tracks both official and … Read More “Zimbabwe Issues Gold-Backed Digital Tokens Amid Plummeting Currency Value” »
Image Credit: Sun King 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 “Weekly Wrap, June 5th, 2023; BII and Stanbic provide funding for Sun King, ThirdWay’s ecotourism debt fund holds final close, General Catalyst, MultiChoice, and Rapyd launch Moment, and more…” »
