Africa’s displaced population is generating an estimated $27 billion (about Shs100 trillion) in annual income, according to a new report by the Amahoro Coalition, which challenges the long-held view that refugees and internally displaced persons are solely dependent on humanitarian aid. The report, titled The Opportunity in Displacement: Africa’s Untapped Investment Frontier, argues that the…
Africa’s 43.1 million displaced people generate an estimated $27 billion (Shs99.9 trillion) in annual income, according to a new report released by the Amahoro Coalition, challenging perceptions that refugees and internally displaced persons are solely dependent on humanitarian assistance. The report, titled The Opportunity in Displacement: Africa’s Untapped Investment Frontier, argues that displaced populations represent…
SpaceX is expected to debut on the United States’ public markets on Friday in what will be the largest initial public offering (IPOs). Artificial intelligence (AI) giants OpenAI and Anthropic are also widely expected to go public soon, and thanks to a new rule change by tech stock exchange Nasdaq, individual investors could own stock…
SK Hynix has topped US$1-trillion in market capitalization for the first time, joining memory rivals Samsung Electronics and Micron Technology in a historic, AI-fuelled semiconductor rally. Shares of SK Hynix jumped 14.9% on Wednesday, pushing the company’s market value to a record ₩1,680-trillion ($1.12-trillion) and cementing South Korea as the first country outside the United…
The ticker symbol SPCX is poised to become one of the most highly anticipated listings on the Nasdaq. As first reported by Reuters, SpaceX has aggressively accelerated its initial public offering (IPO) timeline, aiming to debut on the stock exchange by June 12. Read: Bandwidth Blog & Smile 90.4FM Tech Tuesday: AI trends shifting! According…
Africa’s domestic capital base has reached a scale that now exceeds external financing flows over the past decade, marking a turning point in how the continent funds its growth and industrialisation, according to the Africa Finance Corporation’s (AFC) State of Africa’s Infrastructure Report 2026. The report finds that cumulative external flows to Africa totalled approximately…
Nvidia has signalled a massive escalation in its market expectations, projecting that the revenue opportunity for its AI hardware could reach at least $1 trillion through 2027. This ambitious forecast, delivered by CEO Jensen Huang at the annual GTC developer conference in San Jose, highlights a strategic shift toward “inference computing”, the process of running…
Big Tech stocks were a mixed bag on Monday, after a bruising week that saw more than $1 trillion wiped from their market caps. Oracle climbed 9% and Microsoft gained 3%% higher. Nvidia and Meta each added more than 2%. Alphabet inched higher. Amazon shares sank slightly. Oracle got a boost from D.A. Davidson‘s upgrade…
Abuja — The world’s 500 richest people added a record $2.2 trillion to their collective fortunes this year, as booming markets in everything from equities to cryptocurrencies to precious metals sent the value of their holdings soaring, according to the Bloomberg Billionaires Index. The gains, which brought their combined net worth to $11.9 trillion, were…
Saudi Crown Prince Mohammed bin Salman told President Trump Tuesday that the Kingdom of Saudi Arabia will increase its investments of $600 billion in the U.S. to near $1 trillion. The new figure was raised by the president during bin Salman’s White House visit. “I want to thank you because you’ve agreed to invest $600…
