Some Federal Reserve officials, who were surprised by inflation’s rapid descent in 2023, seem to be setting a new bar for interest-rate cuts: a broader pullback in price pressures. Last week, both Richmond Fed President Thomas Barkin and Boston Fed President Susan Collins indicated they not only want the decline in inflation to continue — … Read More “Fed officials eye ‘broadening’ disinflation as new rate-cut test” »
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According to authorities, tapping into DRC’s mineral wealth will yield significant returns for investors and contribute to the Congolese population’s socio-economic advancement. This strategic approach resonates with President Félix Antoine Tshisekedi’s agenda to foster job creation and entrepreneurial opportunities. Canadian mining giant Ivanhoe Mines is cited as an example of a “modern investor” doing business … Read More “DRC’s mineral wealth valued at $24 trillion” »
Sub-Saharan African nations have returned to international capital markets, marking a definitive departure from the debt-stress saga that has haunted the region since 2020. Appetite for new debt issued by Ivory Coast and Benin signals a shift away from angst in the market, while Kenya’s eurobond buyback and new sale showcase options now open even … Read More “Africa’s Eurobond comeback ends debt-distress saga” »
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 “Two more DFIs commit to Joliba fund’s rolling first close” »
Four Fed officials suggested Wednesday they don’t see an urgent case for lowering interest rates, adding to a roster of policymakers in recent days who made clear a cut isn’t likely until May at the earliest. Governor Adriana Kugler, Boston Fed President Susan Collins, Minneapolis Fed chief Neel Kashkari and Richmond’s Thomas Barkin were all … Read More “Fed officials signal wariness to cut rates too soon, despite inflation progress” »
by Fintechnews Africa 8 February 2024 10x Banking, the transformational cloud-native SaaS core bank operating system founded by former Barclays CEO Antony Jenkins, has announced a partnership with Old Mutual as it expands into Africa and scales its evolving core banking system into new markets in response to growing demand. 10x’s expansion into Africa, starting … Read More “10X Banking Expands to 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 “Sony’s Africa Innovation Fund chooses Carry1st for first deal” »
Chinese shares rallied after authorities intensified rescue efforts, defying broader weakness in Asia as hopes ebbed for a swift Federal Reserve pivot toward policy easing. The Hang Seng Index rose 2% while the mainland benchmark of CSI 300 was up 1.8%. The gains came after Beijing took more steps to stem a stock rout, such … Read More “Beijing pledge saves China stocks from Asian slump: Markets wrap” »
by Fintechnews Africa 5 February 2024 In 2023, 75% of all equity funding secured by African fintech startups went to ten companies. These firms, which span categories including digital banking and payments, raised a cumulated US$673 million in the top ten fintech equity rounds of 2023, new data released by Afridigest, a media and information … Read More “10 African Startups Dominate 75% of Fintech Equity Africa Funding in 2023” »
