Dollar Gains Ground as Market Awaits U.S. Inflation Report
The U.S. dollar experienced a broad uptick on Monday, reflecting subdued risk appetite as investors awaited a…
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Nvidia Plans Mass Production of AI Chip for China, Complying with U.S. Export…
U.S. chipmaker Nvidia is set to commence mass production in the second quarter of 2024 for an artificial…
Geopolitical Tensions, OPEC Output, and Saudi Price Cuts: Impact on Global Oil…
Recent developments in the global oil market have been marked by a complex interplay of factors, including…
EAIF Pledges $30 Million Investment to AXIAN Energy’s Ambitious Renewable…
The Emerging Africa Infrastructure Fund (EAIF), a member of the Private Infrastructure Development Group (PIDG),…
IFC Boosts Cabo Verde’s Tourism Sector with €35.5 Million Financing for…
The International Finance Corporation (IFC) has unveiled a comprehensive financing package of up to €35.5 million…
IFC Partners with Facility for Energy Inclusion Fund to Drive Clean Energy Access…
On December 22, 2023, the International Finance Corporation (IFC) announced a significant financing collaboration…
African Development Bank Leads USD 117 Million Financing for Menengai Geothermal…
Financial close has been achieved for a USD 117 million financing deal, led by the African Development Bank (AfDB)…
Renergen’s Helium Discovery in South Africa Unveils Billion-Dollar Potential
South African startup Renergen made an unexpected discovery of abnormally high concentrations of helium in grassy…
India and Nepal Officially Agree on 10,000 Megawatts Electricity Export Deal
India and Nepal have formalized a significant agreement for the export of 10,000 megawatts of electricity from…
ACP Urges Revision of U.S. Treasury Department’s Green Hydrogen Proposal
The Chief Executive Officer of the American Council on Renewable Energy (ACP), Jason Grumet, has issued a…
Nigeria Stocks Hit Record High, Rising 1.68% in First Trading Session of 2024
In a bullish start to 2024, Nigerian stocks surged by 1.68% during the first trading session, setting a new…
Global Stock Markets Slip as Rate Cut Hopes Fade
Global stock markets continued their decline into the new year, with the MSCI's broad index of world equities…
S&P, Nasdaq Start 2024 on a Lower Note as Tech Giants Struggle
The first trading session of 2024 witnessed a downturn in the S&P 500 and Nasdaq Composite, driven by a…
Hyundai and Kia Project 2% Sales Growth in 2024 Despite 2023 Challenges
South Korean automakers Hyundai Motor and Kia Corp anticipate a modest 2% increase in their combined global sales…
Global Funds Accelerate China Equity Sell-Off in December, Marking Worst Month of…
Global long-only funds rapidly divested from China equities in December 2023, recording the highest monthly…
Global Shipping Giants Redirect Routes Amid Rising Red Sea Tensions
In a recent turn of events, major shipping companies, including Denmark's Maersk and Germany's Hapag-Lloyd, are…
Navigating 2024: Investors Brace for Economic Shifts”
As we step into 2024, global investors are anticipating a significant shift in the economic landscape, marked by…
Global Markets Extend Slide as Rate Cut Hopes Diminish
Global stock markets faced a continued decline at the start of 2024, with investor optimism regarding early U.S.…
China’s Major Banks Heighten Scrutiny and Restrict Interbank Lending Amid…
In response to the deepening property debt crisis in China, major banks in the country are intensifying their…
Russian Bailiffs Remove Debts of Tech Giants Google, Meta, and TikTok – Resolving…
In a recent development, Alphabet's Google, Meta, and TikTok have seemingly resolved legal issues in Russia as…
Futures Dip as Investors Anticipate Fed Minutes, Tesla’s China-made EV Sales…
U.S. stock futures are trending lower as investors react to the Federal Reserve's upcoming release of minutes…
Changes in U.S. Electric Vehicle (EV) Tax Credits Impact Multiple Models
The landscape of electric vehicle (EV) tax credits in the United States underwent a significant shift as new…
Euro Zone Likely Entered Recession in 2023 as Factory Activity Contracts
Euro zone factories concluded 2023 with a contraction in activity for the 18th consecutive month, signaling a…
Climate Tech: A Beacon of Job Opportunities in 2024
The year 2023 witnessed a wave of layoffs across the tech sector, leaving over 240,000 professionals jobless.…
Nigerian Stock Market Projections for 2024: A Gradual Yet Promising Rally
The Nigerian stock market, which experienced a remarkable 45.90% return in 2023, is poised for continued growth…
Bitcoin Starts 2024 on a High, Surging Past $45,000 Amid ETF Optimism
Bitcoin, the world's largest cryptocurrency, has begun the year 2024 with a remarkable surge, surpassing $45,000…
Nigeria’s Finance Minister, Wale Edun, Outlines Strategy to Reduce Reliance…
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has unveiled the government's…
Naira Remains Near Lows on P2P Market as Dollar Inflows Remain Weak
The Nigerian Naira is struggling to gain strength against the US Dollar, particularly on the Peer-to-Peer (P2P)…
Nigeria to Launch Passport Application Automation, Review Immigration Policy
The Minister of Interior, Olubunmi Tunji-Ojo, has announced the commencement of the passport application…
Proparco and 27four Invest R550 Million in Divercity to Expand Affordable Housing…
Proparco, in collaboration with South African investment manager 27four, has led a R550 million investment in…