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Money Deals
- Within the financial history of Africa, the last 10 years have witnessed a notable surge in the acceptance of Forex CFD trading.
- Technological advancements have become the unsung stars of the Forex CFD trading story in Africa.
- If you wish to get started with Forex CFD trading in Africa – you need a trusted broker with a reputable trading app.
Within the huge financial spectacle, Forex CFD trading is a gripping protagonist that draws traders into its complicated storylines of profit and risk, all set against the dramatic backdrop of a Shakespearean tragedy. With 2024 drawing to a close, it is wise for us to examine critically the story of Forex CFD trading in Africa. Like a rollercoaster journey over the wild landscape of the stock market, each turn offers a unique combination of opportunity and difficulty.
The Rise of Forex CFD Trading in Africa
Within the financial history …
Thanks to virtual dollar cards, residents of African countries find it significantly easier to conduct online transactions on popular digital services and shop on international platforms.
In our article, we explore the top 5 virtual cards on the continent. All of them are characterized by seamless online transactions and enhanced security features. They are easy to use and simple to obtain.
1. PSTNET
FinTech service PSTNET introduces virtual cards compatible with Visa and Mastercard, offering unrestricted global usage. These cards are versatile, catering to various needs. Specialized cards are available, such as those for managing payments for Facebook Ads or Google Ads.
We will focus on the service’s most popular card – Ultima.
Ultima is a 3D Secure virtual dollar card, ensuring all transactions are securely protected. It can be used for payments on platforms like PayPal, Steam, Spotify, Netflix, Patreon, Unity 3D, and app stores such as Google …
Among the various forms of online gaming, which have surged in popularity over the last few years, online slot games stand out as one of the most popular forms of entertainment. Thousands of games, innovative features, and decent chances of winning have attracted millions to the world of online slots. This article provides insights and tips for both new and experienced players.
The Appeal of Online Slots
Several factors contribute to their increasing popularity. First and foremost, their accessibility is one of the main reasons.
Unlike traditional casinos, where players must travel and adhere to opening hours, online slots are available 24/7. They can be played on a wide range of devices, including smartphones, tablets, and computers, providing convenience for players regardless of location. Additionally, the variety offered by online slots is staggering. Developers have pushed the boundaries with different themes, bonus features, and progressive jackpots.
Understanding How Online
…
- The Nairobi Securities Exchange (NSE) Share Value dropped from from US$60.3 million in September 2022 to US$33.3 million in September 2023.
- The NSE 20 Share Index also declined from 1,718 points in September 2022 to 1,508 points recorded in September 2023.
- Nairobi bourse hit by turbulence as investor sell off persisted in favour of other lucrative markets in the nine months to September 2023.
The Nairobi Securities Exchange took a hit in the past year losing US$26.9 million (KSh4.2 billion) in the value of shares traded to reach US$33.33 million (KSh5.2 billion).
Latest data contained in the Quarterly Gross Domestic Product Report released by Kenya National Bureau of Statistics (KNBS) shows that despite the drop, the number of shares traded recorded a rise.
The review period saw the Nairobi bourse hit by turbulence as investor sell off persisted in favour of other lucrative markets, this saw NSE ranked the worst …
- One of the convenient instruments for shielding investment portfolios from market uncertainties is South African gold exchange-traded funds (ETFs).
- South African Gold ETFs represent a distinctive investment vehicle designed to provide investors with exposure to the gold market without the complexities of owning physical gold.
- These ETFs are created to mirror the movements in the price of gold, typically denominated in the South African rand.
Embarking on the realm of gold investment often stands as a pivotal shield for portfolios during periods of financial fluctuations and market uncertainties. One of the convenient instruments for such a purpose is South African gold exchange-traded funds (ETFs).
In this article, we delve into the prospects of investing in gold in South Africa, discussing potential benefits, risks, and the necessary steps to initiate engagement in this exciting market segment.
Understanding South African Gold ETFs
South African Gold Exchange-Traded Funds (ETFs) represent a distinctive …
The International Monetary Fund (IMF) has committed an additional $938 million to Kenya as part of a strategy to stabilise the country’s economy.…
Competition in the remittance space has intensified with the entry of new players as the race for a share of the annual $95.6 billion in cross-border remittances flowing into Africa heats up. Airtel Africa has partnered with MasterCard to unveil a new service for cross-border remittances. Their deal will see customers in Kenya and 14 other African nations become the first beneficiaries of the service.
Airtel Africa and MasterCard will provide a seamless digital experience for consumers, connecting them with millions of peers worldwide. With a mushrooming diaspora community, remittances are now the largest source of forex in many African economies.…
- PROPARCO and the IFC, are scaling up of renewable energy production in both Kenya and DRC.
- The two organisations will support Nuru, an early-stage company that provides decentralized and low-carbon power solutions in DRC.
- PROPARCO will invest in the first close of E3 Low Carbon Economy Fund I (LCEF), which based in Kenya.
Two renewable energy investments in the Democratic Republic of Congo (DRC) and Kenya will receive financial backing to enhance their low-carbon power solutions.
The move comes after PROPARCO and IFC announced plans to support scale up of renewable energy in the two countries. PROPARCO and IFC are members of the Alliance for Entrepreneurship in Africa.
The two organizations declared support for Nuru, an early-stage startup that offers decentralized and low-carbon electricity solutions in the DRC, during the Paris summit for a new global funding agreement.
“Our support for Nuru, delivered with partners through the Alliance for Entrepreneurship …
- Last year, about 90 percent of climate change-related disaster losses in Africa were not insured.
- Global insurance broker Gallagher Re says affordability of premiums, quality of data, and technical capacity is hindering insurance uptake.
- DRC has appointed Gallagher Re to find ways to enhance the country’s insurance penetration rate in mining industry.
Climate change has led to an increase in the frequency and intensity of extreme weather events such as droughts, and floods in many parts of Africa. These extreme weather events are resulting in significant damage to property, infrastructure, and livelihoods.
Flooding induced by climate change
Last year, for instance, at least 2,000 people died in Africa as a result of unprecedented flooding, which was partly induced by climate change. South Africa (Durban) and Nigeria were particularly hit hard following above-average rains in the year under focus.
Storm Issa, which is now regarded as one of the greatest storms …
