EnergyFeaturedEU to allocate $65 mn to boost Nigeria’s electricity sectorIFM CorrespondentOctober 8, 2021 by IFM CorrespondentOctober 8, 2021 The EU is collaborating with Germany’s Deutsche Gesellschaft für Internationale Zusammenarbeit... Read more
FeaturedTechnologyGoogle confirms $1 bn investment in Africa over the next 5 yearsIFM CorrespondentOctober 7, 2021 by IFM CorrespondentOctober 7, 2021 Google will also provide $10 mn in low-interest loans to help small businesses and entrepreneurs in Ghana, Kenya and Nigeria... Read more
EconomyFeaturedIndonesian parliament decides to increase VAT next yearIFM CorrespondentOctober 7, 2021October 7, 2021 by IFM CorrespondentOctober 7, 2021October 7, 2021 The new tax overhaul bill could lead to a new carbon tax and cancellation of a planned corporate tax cut... Read more
FeaturedInsuranceFloods in Europe to cost insurers nearly $12 bn: Swiss ReIFM CorrespondentOctober 7, 2021 by IFM CorrespondentOctober 7, 2021 Swiss Re alone would lose around $520 mn due to the floods... Read more
FeaturedFinanceProfuturo recognised as one of the leading fund managers in MexicoInternational Finance Business DeskOctober 6, 2021October 6, 2021 by International Finance Business DeskOctober 6, 2021October 6, 2021 Profuturo wins the Best Pension Fund Manager Award at the International Finance Awards for the third year in a row... Read more
CurrencyFeaturedHong Kong takes first step towards central bank digital currencyIFM CorrespondentOctober 6, 2021 by IFM CorrespondentOctober 6, 2021 Hong Kong’s central bank has published a technical whitepaper for a potential retail digital currency... Read more
FeaturedShipping and PortsDP World opens 11.5 acres container park at Southampton to increase storage capacityIFM CorrespondentOctober 6, 2021 by IFM CorrespondentOctober 6, 2021 The new container park was developed with an investment of around £3m... Read more
FeaturedFintechVC investment in UK fintech reaches £3.6 bn in Q3IFM CorrespondentOctober 6, 2021October 6, 2021 by IFM CorrespondentOctober 6, 2021October 6, 2021 So far this year, UK fintech startups received $11.4 bn in VC funding... Read more
FeaturedTechnologyRipple to partner with Qatar National Bank to enhance cross-border paymentIFM CorrespondentOctober 5, 2021 by IFM CorrespondentOctober 5, 2021 The Qatari bank will pilot Ripple’s financial technology network RippleNet... Read more
BankingFeaturedMonetary Authority of Singapore launches data-sharing platform to combat money launderingIFM CorrespondentOctober 5, 2021October 5, 2021 by IFM CorrespondentOctober 5, 2021October 5, 2021 The platform is named Cosmic and it will enable financial institutions to securely share information on customers or transactions... Read more