In a celebration of its 5th edition, The Next Fintech Forum (NFF), the largest Fintech event in French-speaking Africa, is gearing up for an extraordinary gathering on November 16th and 17th at the Radisson Blu, Abidjan. This year’s theme, “Fintech and Commerce: How Fintech will shape commerce in Francophone Africa,” promises to unite key players … Read more
The Kosmos Innovation Center (KIC) has officially opened the call for applications for the 2024 AgriTech Challenge Pro program. The nominations will be accepted until November 24th, 2023, for a program supported by the Mastercard Foundation through the KIC and Mastercard Foundation partnership. The collaboration aims to empower the next generation of young leaders and … Read more
In a significant move into the decentralized finance (DeFi) space, cryptocurrency exchange Binance has introduced a Web3 wallet designed to interact with the growing DeFi ecosystem. The announcement was made during the Binance Blockchain Week conference in Istanbul. Competing Across 30 Blockchain Networks The newly unveiled Web3 wallet is set to operate seamlessly across 30 … Read more
Overview: FAO Warns of Below-Average Cereal Production The Food and Agriculture Organization (FAO) has raised concerns about below-average cereal production in the East African region. Erratic rainfall patterns and insecurity are cited as key factors affecting the 2023 main season cereal crops. Mixed Production Prospects in Northern Subregion In the northern parts of the subregion, … Read more
In a recent financial move, SoftBank wired $1.5 billion to Goldman Sachs and other lenders just days before WeWork’s bankruptcy filing, marking a significant chapter in one of the most challenging venture capital investments for the Japanese conglomerate. This latest payment brings SoftBank’s total commitment to WeWork to over $16 billion since its initial investment … Read more
In a bid to enhance cooperation and boost revenue through increased port operations, Sao Tome has expressed interest in utilizing Takoradi Port as a transshipment corridor for cargoes from other countries. This potential collaboration signifies a strategic move that could benefit both nations and deepen economic ties. Key Development Adelino Cardoso, the Minister of Infrastructure … Read more
The global cocoa market is poised for a significant upswing in the coming years, according to a recent market report by Allied Market Research based in Portland, Oregon. Driving Factors Rising Chocolate Demand Worldwide The report highlights the anticipated rise in market value, driven primarily by the increasing demand for chocolates worldwide, with a particular … Read more
In a week that left investors buzzing with excitement, Airtel’s share price witnessed an impressive surge of 27.84%, solidifying its position as one of the week’s top-performing stocks. The positive sentiment surrounding the telecom giant translated into substantial gains, with investors reaping the rewards to the tune of N1.465 trillion by the week’s close. The … Read more
In the dynamic world of foreign exchange, the Nigerian Naira embarked on a fluctuating journey against the US Dollar on November 6, 2023. Closing at N809.02/$1 in the official market, the Naira experienced a 4.06% increase compared to the previous Friday’s rate of N776.14/$1. The day’s trading witnessed remarkable highs and lows, with an intraday … Read more
In a stunning turn of events, a New York jury has delivered a guilty verdict on all seven charges against Sam Bankman-Fried, the founder and former CEO of FTX. The five-week trial concluded on the one-year anniversary of a CoinDesk scoop that triggered the downfall of the crypto mogul. Guilty on All Fronts The jury’s … Read more