Vodacom rules out financial services spin-off
African telecoms heavyweight Vodacom has ruled out spinning off its financial services unit, its CEO Shameel Joosub told Semafor, rejecting a path taken by rivals seeking to extract more value from fast-growing mobile money businesses. Joosub’s stance potentially sets up a test of two competing strategies across Africa’s telecoms sector after Airtel Money’s London listing…
World Bank Group: Africa Economic Update
1. Economic growth in Sub-Saharan Africa has remained broadly stable despite regional and domestic headwinds. Regional growth is projected to increase from 4.1% in 2025 to 4.3% in 2026, with growth projections upgraded for nearly three-quarters of countries in the region. 2. While growth is gradually strengthening, it remains insufficient to substantially reduce extreme poverty…
BOE’s Greene: Appropriate to proactively tighten policy against wage risks
BOE’s Greene: Appropriate to proactively tighten policy against wage risks !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} Source link
Mexican Peso defies Fed hike bets as Banxico signals longer pause
The Mexican Peso (MXN) recovered some ground against the US Dollar (USD) on Wednesday after losing 0.45% in the previous week, following a US inflation report that was higher than expected, which increased the odds of further Federal Reserve (Fed) tightening. Source link
ECB says Lagarde’s exit will not delay the digital euro as Brussels negotiates the law
Christine Lagarde’s early exit as president of the European Central Bank will not hold up the digital euro, an ECB official said on Tuesday at the Web Summit in Lisbon, one of Europe’s largest technology conferences. Alessandro Giovannini, adviser to the programme manager of the digital euro project, pointed to the pilot starting next year…
Russia and Ukraine agree to a large prisoner exchange as talks end with no major breakthrough
Russia and Ukraine have agreed to a large prisoner exchange during U.S.-mediated talks. However, no major breakthroughs were announced in efforts to end the war that began nearly five years
CNN projects Democrat Colom will win MS Senate race
CNN projects Democrat Colom will win MS Senate race CNN projects Democrat Scott Colom will defeat GOP Sen. Cindy Hyde-Smith to win the race for a Senate seat in Mississippi. Watch as Jake Tapper reflects on the enormity of the moment
One in Five South Korean Government-Subsidized Innovative Financial Services Never Launched; approximately $980,000 in Grants Wasted — BigGo Finance
The South Korean government has poured roughly 10 billion won (approximately $7.5 million) into supporting fintech companies’ development of Innovative Financial Services over the past four years, but more than one in five of the supported projects has failed to reach the market. Grants alone for projects that never launched exceed 1.3 billion won (approximately…