Africa: Private Credit Rating Agencies Shape Africa’s Access to Debt. Better Oversight Is Needed

Africa: Private Credit Rating Agencies Shape Africa’s Access to Debt. Better Oversight Is Needed

Africa’s development finance challenge has reached a critical point. Mounting debt pressure is squeezing fiscal space. And essential needs in infrastructure, health and education remain unmet. The continent’s governments urgently need affordable access to international capital markets. Yet many continue to face borrowing costs that make development finance unviable. Sovereign credit ratings – the assessments…

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Standard Bank branches are going cashless

Standard Bank branches are going cashless

Standard Bank’s Kabelo Makeke Standard Bank said on Tuesday that it is accelerating the shift to cashless branches as it adapts its physical network to changing customer behaviour and declining cash usage in parts of South Africa. In a statement, Standard Bank Personal and Private Banking (PPB) said more of its branches will become cashless…

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Financial institutions launch Rand-backed stablecoin

Financial institutions launch Rand-backed stablecoin

ZARU’s reserves are independently audited monthly, ensuring transparency and stability for institutional participants. (Image created using GenAI via ChatGPT) A consortium of South African financial and fintech firms has introduced ZAR Universal (ZARU), an institutional-grade stable coin pegged to the South African Rand. According to a statement, ZARU aims to modernise payments and financial infrastructure,…

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Africa: Private Credit Rating Agencies Shape Africa’s Access to Debt. Better Oversight Is Needed

Africa: Experts Call for Africa-Led Research to Transform Health Outcomes

The call was made on Monday in Abuja at the SPARK Africa Translational Research Bootcamp and Conference, which brought together health professionals, researchers and professors from within and outside Nigeria. Health experts and policymakers have called on Africa to take ownership of its research agenda and strengthen translational science to improve health outcomes and drive…

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Bill and Hillary Clinton in a standoff with House Republicans over Epstein testimony

Bill and Hillary Clinton in a standoff with House Republicans over Epstein testimony

WASHINGTON — Former President Bill Clinton and former Secretary of State Hillary Clinton are in a standoff with House Oversight Committee Chair James Comer, R-Ky., over testimony the panel is seeking in its investigation into the late convicted sex offender Jeffrey Epstein. The dispute is over the format of the Clintons’ testimony to lawmakers. The Clintons’…

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