Barcelona-based Nebius, a company empowering digital nomads and marketplaces with payments, crypto and card solutions, has secured €250M in institutional funding for its crypto-backed lending program. Nebius offers a secure service with a low interest rate structure to corporate and […]
The Eastern Africa Grain Council (EAGC) has received a $2 million grant from TradeMark Africa to eliminate trade barriers for exporters in three East African countries. The grant is part of a $75 million five-year partnership from the US Agency […]
The Eastern Africa Grain Council (EAGC) has received a $2 million grant from TradeMark Africa to eliminate trade barriers for exporters in three East African countries. The grant is part of a $75 million five-year partnership from the US Agency […]
Time lags in re-valuing assets to reflect higher interest rates and difficulties in selling the assets quickly have increased the risks from private credit used by companies for funding, a Bank of England official said on Monday. “If material enough, […]
South Africa’s consumer inflation fell for the second month in a row in December, to 5.1% year on year from 5.5% in November, statistics agency data showed on Wednesday. The latest reading takes headline inflation slightly closer to the mid-point […]
In a bid to fast-track the process of achieving the Final Investment Decision (FID) on the Nigeria-Morocco Gas Pipeline, the Federal Government has intensified discussions with Morocco. The discussion, which was held on the sidelines of a meeting between the […]
Abu Dhabi – Sharjah Islamic Bank generated net profits amounting to AED 851.54 million in 2023, marking a 30.80% increase from AED 650.91 million in 2022. The earnings per share (EPS) stood at AED 0.23 at the end of 2023, […]
Nigeria’s central bank aims for inflation to fall to about 21% and will work to strengthen the country’s undervalued naira currency, Governor Olayemi Cardoso said on Wednesday. Cardoso faces pressure to raise interest rates when the Central Bank of Nigeria […]
Money sent home by Kenyans living abroad continued on a growth trajectory to hit a record Ksh671 billion ($4.19 billion) in 2023, significantly boosting the country’s current account balance amid falling export revenue. Data from the Central Bank of Kenya […]
Kuwait Finance House’s $1 billion sukuk has been listed on the London Stock Exchange (LSE) after satisfying provisions and regulatory requirements. The bank said in a disclosure to Boursa Kuwait and Bahrain Stock Exchange (BSE) that the sukuk is now […]
