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BlackRock bets on ‘pick and shovel’ trade as AI spending frenzy still has legs

BlackRock bets on ‘pick and shovel’ trade as AI spending frenzy still has legs

Ben Powell, chief strategist for Middle East and Asia Pacific at BlackRock Investment Institute, at the Abu Dhabi Finance Week (ADFW) conference. Bloomberg | Getty Images The wave of capital pouring into artificial intelligence infrastructure is far from peaking, said Ben Powell, chief investment strategist for APAC at BlackRock, arguing the sector’s “picks and shovels”…

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Africa: All of Africa Today – December 8, 2025

Africa: All of Africa Today – December 8, 2025

  ECOWAS Deploys Troops to Benin After Failed Coup Attempt ECOWAS deployed troops from Ghana, Ivory Coast, Nigeria and Sierra Leone to Benin after a failed coup attempt, even as President Patrice Talon assured citizens in a televised address that the situation was “totally under control.” The move followed an incident when soldiers from a…

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New possibility to monetise WiFi hotspots with Powerlynx’s direct integration with 1Voucher

New possibility to monetise WiFi hotspots with Powerlynx’s direct integration with 1Voucher

Powerlynx’s direct integration with 1Voucher allows cash-only customers to make online payments for WiFi. Monetising WiFi hotspots is simplified with the new Powerlynx feature, which offers direct integration with 1Voucher. Activation of the voucher is now processed as a payment method. Previously, 1Voucher could also be used, but only through the Netcash payment system as…

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Africa: Ethiopia Inks Historic Africa’s Big Bet On trn Gas-By-Rail Agreement

Africa: Most Countries Make Progress Towards Universal Health Coverage, but Major Challenges Remain, WHO-World Bank Report Finds

Since 2000, most countries – across all income levels and regions – have made concurrent progress in expanding health service coverage and reducing the financial hardship associated with health costs, according to a new joint report from the World Health Organization (WHO) and the World Bank Group. These two indicators are the foundation of universal…

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