Elon Musk overtakes Bezos to become world’s richest person
Elon Musk, the outspoken entrepreneur behind Tesla Inc. and SpaceX, is now the richest person on the planet. A 4.8% rally in the electric carmaker’s share price Thursday boosted Musk ...
Best platform to buy Bitcoin in 2021
2020 was a wild year, mostly because of COVID-19. It made us question how the world works, especially in terms of finance. Regular stocks lost value while cryptocurrencies gained. And ...
Nigeria is the second biggest market for bitcoin with trade hitting $566 million
Nigeria has emerged as the second biggest market for bitcoin, trading over 60,000 bitcoins, valued at $566 million, between 2015 and 2020. Since 2017, the volume of bitcoin trade in ...
Billionaires’ riches reach record highs during pandemic
The wealth of the world's dollar billionaires reached record heights despite the global coronavirus crisis, notably thanks to a strong comeback by tech and health giants, said a report published ...
SHOWCASING AFRICA’S INVESTMENT POTENTIAL
As a companion to the October 2020 edition, a smart report on the private equity industry in Africa marks its debut. Everything you need to know about Africa’s private equity ...
Billionaires On The Brink: How The Forbes 400 Makes And Loses Billions During Market Crashes
Meet the billionaire winners and losers of the dot-com bubble, Great Recession and Covid-19 crash. Crashes, wipe-outs, recessions.Fortunes are often forged, or fumbled away, in the fire of economic downturns. ...
Elon Musk Down Nearly $10 Billion In One Week As Tech Stocks Plunge
THE CHANGING FORTUNES OF THE WORLD’S RICHEST After briefly becoming the fifth centibillionaire in the world on Monday, August 31, Tesla CEO Elon Musk ended the week down $9.9 billion as ...
Absa Half-Year Profits Plunge by 84% to Sh588 Million
The lender says it has restructured Ksh57 billion worth of loans since the onset of COVID-19. Absa Bank Kenya Plc on Friday reported an 84% reduction in profitability for the ...
Black Banks Merge To Create Nation’s First Black-Led Bank With Over $1 Billion In Assets
Two Black banks have merged to become the first Black-led bank in America with over $1 billion in assets, giving them greater scale to finance housing and entrepreneurship in urban ...
Nigeria’s Akinwunmi Adesina gets second term as AfDB boss
Nigeria's Akinwunmi Adesina has been affirmed as the president of the African Development Bank for another term by the board of governors of African Development Bank on Thursday. Adesina, the ...