Jamie Dimon said he wouldn’t take the prospect of a recession in the US “off the table,” but that the Federal Reserve should wait before it cuts interest rates. “The world is pricing in a soft landing, at probably 70-80%,” the JPMorgan Chase & Co chief executive officer said via video link at the Australian … Read More “Jamie Dimon warns US recession ‘not off the table’ yet” »
by Fintechnews Africa 11 March 2024 Africa is emerging as one of the fastest-growing fintech markets globally. With half of the world’s mobile money accounts and successful fintech solutions like M-Pesa catering to the population’s needs, Africa’s fintech sector is blossoming. The continent is currently home to approximately 1,000 fintech companies, with about half having … Read More “Top 10 Fintech Events in Africa to Attend in Q2 2024” »
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The UK is planning one of its biggest annual borrowing sprees on record to fund government spending. The Debt Management Office said Wednesday it will issue £265.3 billion ($338 billion) of gilts, close to the £258 billion estimated by banks in a Bloomberg survey. That’s the biggest-ever annual target — excluding the emergency financing that … Read More “UK outlines one of biggest-ever borrowing sprees to fund budget” »
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South Africa’s current-account deficit widened more than expected in the fourth quarter of 2023 due to dividend and interest payments. The overall balance on the current account, the broadest measure of trade in goods and services, expanded to an annualised deficit of 2.3% of gross domestic product, or R166 billion ($8.8 billion), from a revised … Read More “SA current-account gap beats forecasts on dividend payout” »
by Fintechnews Africa 7 March 2024 Despite M-Pesa appearing to emulate the operations of a bank, its true advantage lies in its distinct identity as a non-bank organization. This characteristic gives it an edge over competitors by enabling accelerated growth and by allowing it to respond swiftly to changing market dynamics, a new analysis by … Read More “Being a Non-Bank Entity Gives M-Pesa Competitive Advantage” »
Image Credit: BFREE 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 “Capria Ventures leads latest round for BFREE” »
Kigali-based Future Light Football Academy offers more than just a chance to excel in sports; it provides youth with a lifeline away from the dangers of life on the street and back to school and family life. To further drive their reach, impact, and sustainable growth in Rwanda, the sports academy is seeking partners from … Read More “Future Light Football Academy: Shaping Rwanda’s sport stars” »
South Africa’s finance minister said introducing fiscal rules make sense, as stagnant economic growth due to incessant power cuts and logistical constraints are hindering efforts to rein in swelling debt. Finance Minister Enoch Godongwana announced plans to introduce a binding fiscal anchor in the year ahead when he tabled South Africa’s budget last month, in … Read More “Godongwana says new rules key to mend finances” »
