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South Africa’s Absa steps up regulatory push with government
The bank sees a “massive opportunity” in the restructuring of Africa’s largest economy, its chief executive told Semafor.
Tanzania’s top bank to expand regionally
CRDB is actively exploring new markets in its landlocked neighbors and beyond the continent, its chair told Semafor.
Africa-focused asset manager Enko Capital raises $100M
The fund aims to provide US dollar-denominated private credit to companies across sub-Saharan Africa.
Africa is struggling with systemic ‘misallocation’ of funds, report says
Africa is sitting on around $4 trillion in untapped capital resources, according to a new report from Nigeria’s United Bank for Africa.
Madagascar put on credit watch following coup
Ratings agency S&P Global placed Madagascar on ‘CreditWatch’ with negative implications.
BNP Paribas ordered to pay $20.5M damages over Sudan genocide
A US jury found France’s largest bank helped Sudan’s former government commit genocide by providing its leaders with banking services.
Trump urges Ukraine to cede territory to Russia
The US president had seemed willing to provide long-range missiles to Kyiv, but pivoted after speaking with Putin.
Bollywood, Hollywood, and gaming collide in Saudi
Shaquille O’Neal, Bollywood megastar Shah Rukh Khan, and YouTuber MrBeast were among the guests at the Joy Forum in Riyadh.
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Zeteo •
The Palestinians dying for work
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