Global insurers record massive $42bn claims payout in H1 ‘21
Zainab Iwayemi
August 2, 2021
The global insurance market paid out huge claims estimated to have reached $42 billion in the first half of 2021, a report by global
IMF says adopting crypto assets as national currency a step too far
Charles AbuedeJuly 28, 2021
The International Monetary Fund (IMF) has stated that adopting crypto assets as national currency is a step too far, noting that some
RxAll, Nigeria, US-based health tech startup, closes $3.15m funding round
Charles AbuedeJuly 23, 2021
Funding to scale up drug checking tech in Africa RxAll, a U.S. and Nigerian-based startup using deep technology to provide
Ford, Chevrolet to cut productions by 370,000 on global microchip shortage
Charles AbuedeJuly 21, 2021
As carmakers across the globe struggle to meet the rising demand for cars, recent data by BuyShares show that the United States car
Robinhood issues Q3 revenue warning on crypto price drop, low memecoins demand
Charles AbuedeJuly 21, 2021
Robinhood, one of the popular crypto and stock exchange platforms, has warned that its quarterly revenue is likely to be significantly
Google’s YouTube acquires Indian social commerce Simsim for undisclosed fee
Charles AbuedeJuly 21, 2021
Google-owned music and video streaming giant, Youtube, has acquired an Indian social commerce startup, Simsim, in an undisclosed deal.
$22trn output lost globally to COVID-19 as governments pump $16trn in fiscal buffers
Charles AbuedeJuly 21, 2021
World central banks see total balance sheets rise by $7.5trn Calls for recovery plans, growth measures to make up for output
Afreximbank outlook positive, says Fitch, GCR, as Moody’s affirms it stable
Ben EguzozieJuly 18, 2021
African Export-Import Bank (Afreximbank) has received a set of strong credit rating affirmations and “positive” outlooks from three
Rebounding US economy sees 4 largest banks post $33bn in combined Q2 profits
Charles AbuedeJuly 14, 2021
As consumer spending rise With the United States’ economy beginning to roar back to life, its four largest consumer
AFC admits Guinea, Togo into shareholding membership
Charles AbuedeJuly 14, 2021
Says countries stand to benefit from increased investment from AFC as shareholders The Africa Finance Corporation (AFC)