Standard Bank, Africa’s largest bank by assets, has processed more than CNY8 billion ($1.2 billion) through China’s Cross-Border Interbank Payment System (CIPS), highlighting the growing role of the Chinese yuan in trade between Africa and the world’s second-largest economy.
Author: Monah Anthony
Nigeria’s fintech ecosystem has undergone a dramatic transformation in the last five years, driven by instant payments, agent banking, digital wallets and growing demand for alternative financial infrastructure. Yet, despite rapid growth in cashless transactions, millions of Nigerians remain excluded from formal financial services. For Nkwachi Nwamaghinna, a mobile engineer with more than eight years…
As conflict in the Middle East sends shockwaves through global energy markets, governments are rushing to deploy strategic oil reserves to prevent economic turmoil, soaring inflation and supply collapse. Emergency stockpiles have become the world’s last line of defence against a new era of energy insecurity. John Muchira reports
Operations at one of the world’s largest platinum mining complexes have been temporarily suspended after six worker deaths over the past year and a rise in serious underground safety incidents prompted owner Impala Platinum Holdings (Implats) to halt mining and launch a comprehensive safety overhaul.
Honors College student Cesar Rodriguez, an international business major, recently returned from FIU’s study abroad trip to Malaysia, Singapore and Brunei. The program is sponsored by the Honors College exclusively for its enrolled students, but plenty of other study abroad opportunities at the university are available to all.
India has moved ahead of Japan to become the world’s fourth-largest economy in 2026, marking a major milestone in its long-term economic expansion. According to Worldometer data based on International Monetary Fund projections, India’s gross domestic product is estimated at $4.51 trillion this year, slightly above Japan’s projected $4.46 trillion.
Vodacom Group has kicked off its 2027 financial year with stronger revenue growth, buoyed by an improving performance in South Africa, continued momentum in Egypt and robust expansion of its financial services business.
Vodacom, a pan-African technology group, processed nearly $548 billion in mobile money transactions over the past year, signalling that the telecom giant’s future lies beyond phone calls and data bundles.
The African Development Bank has finalised a loan of up to $15 million for South African vaccine manufacturer Biovac, adding to a wider international financing package intended to build Africa’s first end-to-end oral cholera vaccine facility.
South Africa’s decision to keep interest rates unchanged has drawn attention from economists, businesses, investors, and ordinary households across the country. The move reflects a careful balancing act by the South African Reserve Bank (SARB), which must manage inflation pressures while also supporting economic growth in a challenging global environment.