Africa’s $100bn credit gap pushes banks, fintechs into unlikely partnerships

Africa’s estimated $100 billion credit shortfall for small and medium enterprises is forcing banks, telecom operators, and fintech startups into deeper and unexpected partnerships. The Africa-wide figure comes from a detailed assessment by the African Development Bank (AfDB), which identifies SME financing constraints as one of the continent’s most persistent economic obstacles and warns that […]

Schneider Electric seals $2.3 billion in US data centre deals to power AI boom.

Schneider Electric said on Wednesday it had signed new deals worth almost $2.3 billion with ​two U.S. data centre operators, as surging adoption ‌of artificial intelligence boosts infrastructure demand. At an industry event in Las Vegas, the French industrial group ‌announced a $1.9 billion partnership with privately held tech firm Switch, covering power modules and […]

VFD redeems N12.8 Billion CP; reinforcing strong liquidity and credibility.

VFD Group successfully redeemed its N12.83 Billion Series 5 Commercial Paper on its maturity date, reinforcing strong liquidity and disciplined balance sheet management. The redemption strengthens investor confidence amid market volatility and supports the ongoing N50 Billion Rights Issue scheduled to close on November 24, 2025. Since launching its CP Programme in 2022, VFD has […]

America’s path out of $38 trillion national debt crisis likely involves pushing up inflation and ‘eroding Fed independence,’ says JPMorgan Private Bank.

While optimistic economists argue that America can grow its way out of a debt crisis, pessimists believe the real outcome will be somewhat less popular. Business leaders, policymakers, and investors are growing increasingly concerned by the United States’s borrowing burden, currently sitting at $38.15 trillion. The worry isn’t necessarily the size of this debt, but […]

France nets 9 billion euros in new corporate investments despite budget battles.

Companies have pledged to invest 9.2 billion euro ($10.7 billion) in France, the finance ministry said on Monday, as the government seeks to show the euro zone’s second-biggest economy remains a top business destination despite political turmoil. French firms in sectors from energy to health and agri-food made the commitments ahead of a government-organised “Choose […]