Japan competes with China for African investments.
Africa has seen increased attention from Japan, part of it owing to Tokyo's interest to counter China. This includes investment in the continent's development, loans, infrastructure projects, and scholarships. Furthermore, [...]
Uhuru leads Kenyan delegates to sell Big 4 Agenda in Japan
The Tokyo International Conference on African Development TICAD 7 begins today in Yokohama in Japan. Kenya will pursue its Big 4 agenda and seek to appeal to investors at the [...]G7 leaders award $251 million to African women's initiative
Affirmative Finance Action for Women in Africa (AFAWA) Initiative has been awarded $251 million by the G7 leaders, led by French President Emmanuel Macron. Speaking at the 2019 edition of [...]US defers Huawei ban for 90 days
The US government has given Huawei a 90 day extension to work with US customers. The extra time will give local communication companies enough time to switch from the company's [...]The US versus China Trade War
On August 1 2019, US President Donald Trump, through his Twitter handle, announced that a 10% tariff will be applied to $300 billion of Chinese goods in addition to earlier [...]Global Stocks Plummet Amid Hong Kong Protests.
Protests in Hong Kong began in opposition of a bill allowing extraditions to mainland China. The protests forced the closure of Hong Kong’s International airport. The airport which happens to [...]U.S Based Marijuana Real Estate Firm Applies for NSE Listing.
Bangi Inc, a US-based company intends to list of the Nairobi Stock Exchange. The company believes that listing on the NSE will increase its exposure to Africa's investment community. At [...]Nasdaq enters into sports betting business
Nasdaq, the world’s second largest stock market, is diversifying its revenue streams. It recently entered a deal with UK-based ‘Football Index’ a sports betting firm which allows people to bet [...]
London Stock Exchange to acquire data services firm Refinitiv
The London Stock Exchange (LSE) plans to acquire Refinitiv, the trading platform by Thomson Reuters and Blackstone at $ 27 billion. This move will elevate the company from prey to [...]IMF Chief Christine Lagarde to head the European Central Bank
The International Monetary Fund Managing Director Christine Lagarde has been tapped to lead the European Central Bank after the current president Mario Draghi leaves in October. She is set to [...]Facebook unveils Libra cryptocurrency with a plan to bring crypto to the masses
Facebook has finally revealed the details of Project Libra, its highly ambitious plan to bring cryptocurrency to the masses. Libra, once active, will enable moving money around the world as [...]Facebook Bans Pre-Installing of its Apps on Huawei Phones
Facebook is planning to ban pre-installing of its apps on Huawei phones as it joins other US companies in cutting ties with the Chinese telco giant, according to reports by [...]
