PayPal Opens its platform to Cryptocurrency Transactions
PayPal Holdings Inc, a US-based online payments system has joined the cryptocurrency market. The global firm that deals with online money transfers and serves as an electronic alternative to traditional [...]
Global Markets Highlights
Google officially charged with antitrust The US Justice Department formally charged Alphabet Inc.'s Google with antitrust violations on Tuesday, the first major action against Big Tech for its staggering market [...]
Visa Buys a Stake in UK Fintech Global Processing Services (GPS)
The world's top digital payments company, Visa, has taken a stake in leading UK payments issuer processor, Global Processing Services (GPS). The deal gives Visa a minority stake in GPS [...]
Sainsbury, Lidl Temporarily Suspend Kakuzi Orders Pending Investigations
UK retail stores, Sainsbury and Lidl, have temporarily suspended supplies from Kakuzi following the ongoing investigation over allegations of human rights abuse. News of the pull out come barely a [...]G20 Extends Debt Repayment Suspension for Another 6 Months
Officials from the G20 creditor countries (Group of 20 major economies) have announced plans to extend the debt repayment suspension for the world's poorest countries. The suspension of repayments has [...]Global Markets; Alibaba Acquisition, Europe New Lockdowns, IMF Head on Digital Currency
Here is a brief of the major news we are following; Alibaba Acquires Controlling Stake in A-RT Retail Chinese E-Commerce company Alibaba Group on Monday announced it will acquire a [...]Sub-Saharan Africa GDP Growth to Rebound in 2021-World Bank
The World Bank says countries in Sub-Saharan Africa will experience economic growth next year as they begin to lift movement restrictions. This is even as many suffer the adverse effects [...]IMF Extends Debt Relief for Low-income Nations
The International Monetary Fund (IMF) has extended the debt service relief for 28 low-income countries for a second six-month tranche under the Catastrophe Containment and Relief Trust (CCRT). The debt [...]Weekly Deals Digest: Sept 23th Sep 29th
In this issue of the Weekly Deals Digest, Ghana dominates the African space, following MEST's funding for startups in its graduating class of entrepreneurs. Tracxn data shows that enterprise applications [...]Google to Pay $1 Billion to News Publishers on Google News Showcase
Search Engine Giant Google has launched a $1 billion initiative to pay news publishers who create content on its new product, the Google News Showcase. The product will first appear [...]Rolls Royce in Fresh Pursuit for £3 Billion
Aircraft engine-maker Rolls Royce has announced plansto raise £3 billionto boost its finances after the global COVID-19 pandemic resulted in a sharp decline in civil aerospace. The company is looking [...]Legislators Seek New Terms for the KSh 488 Billion Chinese SGR Loan
The Transport Committee in parliament wants the Kenya Government to renegotiate with China on outstanding loans for the Standard Gauge Railway(SGR) and operational costs including the price of wagons. The [...]
