Image Credit: Omega Sports Holding 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 “Omega buys stake in leading Ivorian soccer club” »
The Covid crisis of 2020 ushered in a new era of uncertainty and volatility that has continued to roil financial markets. This continued unabated as 2023 commenced with banking crises in the US and EU, followed by growing concerns about the implications of higher interest rates for longer. This was compounded by intensifying geopolitical tensions, … Read More “A year of reckoning …” »
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 “GIP Ghana chooses eSAL for its first investment” »
February, when South Africa releases its annual budget, can be a terrible month for the rand, and this year will be no different, many investors expect. Last February, the rand fell 5.2% against the dollar, as rolling power blackouts crimped economic output, forcing finance minister Enoch Godongwana to announce a $14 billion budget bailout for … Read More “Bad month ahead for rand investors, if history is a guide” »
by Fintechnews Africa 1 February 2024 Governments and tax authorities are driving the need for businesses to adopt E-Invoicing across the globe. As more countries across the Middle East mandate E-Invoicing, tax becomes an integral part of day-to-day finance and commercial operations. In the United Arab Emirates, the Ministry of Finance is set to introduce … Read More “The E-Invoicing Exchange Summit: Harnessing Global E-Invoicing Best Practices for the Middle East” »
Image Credit: Fortis Green Investment 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 “Fortis Green acquires stake in Rwandan hydropower plant” »
Nigeria’s naira plunged to a record against the dollar following a revision of the methodology used to set the exchange rate, in effect the second devaluation of the currency in seven months. The local unit depreciated 31% to 1 413 naira a dollar on Monday in the so-called NAFEX fixing, the official foreign exchange window, … Read More “Naira plunges 31%, brings currency closer to Nigeria street rate” »
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 “White House Africa Director to join Kupanda Capital” »
There is a Climate Funding gap of 40 billion dollars in blue carbon, yet no Kenyan firms are undertaking it. According to the World Bank, Kenya remains vulnerable to frequent climatic shocks that pose significant economic risks. The East African country has been gravely affected by changing weather patterns and a fall in disposable income … Read More “Climate funding gap in Kenya high up to $40 billion” »
After a measly 3% gain in equities in 2023, local is lekker seems to be the predominant theme among fund managers, according to the latest Bank of America (BofA) fund manager survey. Local bonds in particular are expected to outperform in 2024 as global interest rates are predicted to trend lower, starting from the second … Read More “Fund managers see rand strengthening to R17.73 in 2024” »
