Mauritius Holdings Acquires 73% Stake in Key Microfinance Bank
Mauritius Holdings Limited(LOLC Mauritius) has acquired a 73% stake in Key Microfinance Bank(Key MFB) by Mauritius firm, says a bulletin from the Central Bank of Kenya(CBK), effective January 1st, 2022. [...]
Tourism Boost as Australia Set to Reopen its Borders after 2 Years
Australia has announced plans to reopen its borders to vaccinated tourists with effect from 21st February 2022, ending a two-year-long pandemic travel restriction. The country's borders slammed shut in March [...]
Nissan Alliance to Invest $25.7 Billion in Electric Vehicles
The Nissan auto alliance (Nissan, Renault and Mitsubishi) has announced plans to invest $25.7 billion in electric vehicles over the next five years, marking the latest massive cash injection into [...]Record Week for Big tech as US Markets finish best week for 2022
Major stock markets in the United States on Friday closed mostly higher to finish their best week of the year, as continued strength in earnings reports extended the tech-led rebound [...]
Century Microfinance Bank Acquisition by Branch International gets Treasury Approval
Century Microfinance Bank Limited acquisition by Branch International, a startup fintech, has received approval from the National Treasury.. In a legal notice dated 24th January 2022 and signed by Treasury [...]Moody's Acquires 51 % Stake in Africa's Leading Rating Agency, GCR
Moody’s Corporation announced that it has agreed to acquire a majority (51%) stake in Global Credit Rating Company Limited (GCR). GCR is a leading credit rating agency in Africa with [...]US stock market closes higher, Earnings Report
The US stock market closed higher on Tuesday as the investors waited for the batch of corporate earnings reports scheduled for release after the markets closed. Some of the major [...]India Set to Launch Digital Currency in 2022-2023
India's finance minister on Tuesday said the central bank will introduce a digital currency in the next financial year using blockchain and other supporting technology. The Reserve Bank of India [...]
US Stock Market Closes Week Higher with earnings in spotlight
The US stock markets closed the last day of the week higher as investors continued to digest earnings announcements from world's leading companies as well as the Federal Reserve's latest [...]Boeing Posts $4.1 Billion Loss in Q4 2021
Boeing posted a $3.8 billion loss in the fourth quarter of 2021, occasioned by suspended deliveries of the 787 due to quality problems, that led to $3.8 billion in one-time [...]Sandbox Launches $50 Million Metaverse Accelerator Program
The Sandbox, a leading decentralized gaming metaverse has launched a $50 million Metaverse Accelerator Program, targetting 100 startups to enhance the open metaverse. With applications now open and the first [...]US markets mixed as Fed hints rate hike, Tesla, Microsoft, Intel Earnings
The US stock market closed mixed on Wednesday as investors digested the latest Federal Reserve monetary policy statement and comments by Chair Jerome Powell. The Federal Reserve's Federal Open Market Committee (FOMC) also announced [...]
