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President Santokhi announces a financial distribution program for Suriname’s citizens, promising US$750 each with an interest rate of 7% from future oil royalties under the ‘Royalties for Everyone’ initiative, contingent …
Suriname Initiates Royalties for Everyone Program to Distribute Energy Wealth Read More
Standard Chartered PLC plans to divest its wealth and retail banking operations in Botswana, Uganda, and Zambia while continuing to serve global corporate clients. The move aims to enhance income …
Standard Chartered Plans to Divest Banking Operations in Botswana, Uganda, and Zambia Read More
Standard Chartered Plc is considering selling its wealth and retail banking operations in Zambia, Uganda, and Botswana to focus resources more strategically. The sales are not expected to materially impact …
Standard Chartered Explores Sale of Banking Units in Africa Read More
Standard Chartered PLC plans to divest from its wealth and retail banking operations in Botswana, Uganda, and Zambia, while continuing to service corporate clients in these markets. This strategic decision …
Standard Chartered Plans Strategic Exit from Banking in Botswana, Uganda, and Zambia Read More
Bolivia has signed a $1 billion deal with China’s CBC to establish two lithium carbonate plants in Uyuni, which will enhance its lithium production capacity. President Luis Arce highlighted Bolivia’s …
Bolivia Secures $1 Billion Lithium Deal with China to Enhance Production Read More
Carlos Lopes discusses Africa’s fiscal challenges, emphasizing liquidity issues over debt. He critiques credit rating practices and advocates for systemic reforms in international finance. Lopes believes Africa has significant growth …
Africa Must Actively Shape an Inclusive Global Financial System Read More
MTN Group has launched 5G networks in Benin and the Republic of Congo, aiming to bolster digital and financial inclusion across Africa. The new technology promises faster speeds and lower …
MTN Group Launches 5G Networks in Benin and Republic of Congo Read More
The EU is providing a €190 million ($200 million) loan to Morocco for recovery efforts following a severe earthquake in September 2023. Over 3,000 people died, leading to substantial international …
EU Provides $200 Million Loan to Morocco for Earthquake Recovery Read More
Barclays has been fined £40 million by the FCA for misconduct during a 2008 fundraising effort, deemed reckless for failing to disclose payments to Qatari investors. Despite plans to appeal, …
Barclays Faces £40 Million Fine for ‘Reckless’ Fundraising Tactics in 2008 Read More
The IMF has expressed its support for Egypt’s ongoing reforms aimed at economic stability, assessed the economic impact of floods in Spain as localized, and noted signs of recovery in …
IMF Reaffirms Support for Egypt and Addresses Economic Conditions in Spain and Argentina Read More