TLDR Morocco has launched derivatives trading on its Casablanca Stock Exchange (CSE), introducing a futures contract based on the MASI 20 index, which tracks the 20 most liquid stocks in the market. The move is part of a broader strategy to deepen capital markets, attract more investors, and regain MSCI emerging-market classification after 12 years….
The ocean comprises 70% of the planet and has a profound impact on all life on Earth. It regulates the global climate, produces most of the oxygen we breathe, absorbs carbon dioxide, and supports a vast network of life that sustains ecosystems and our planet’s life support. It also acts as the largest ‘carbon sink’, a vital buffer…
Tony Chinedu Nwulu is an investor, innovator and entrepreneur and the Founder & CEO of Azari Luxury Properties, a premium real estate development and investment company establishing its flagship African operations in Rwanda. In this interview with Business Report, Nwulu discusses Rwanda’s evolving property market, the forces driving housing demand, the opportunities for African and…
The United Nations General Assembly (UNGA) at the weekend adopted a resolution promoting the wider use of equal-area world maps, including the Equal Earth projection, in a move aimed at addressing long-standing distortions in the representation of Africa and other equatorial regions. The resolution, titled: “Correct the Map: Rebalancing Global Cartographic Representation and Promoting Equitable…
My agenda prioritises speed of delivery, which means investing in capacity building and integrating digital solutions, including AI and data analytics, to improve efficiency and accountability Former Mauritanian Finance Minister and candidate for president of the African Development Bank (AfDB), Sidi Ould Tah, promised internal reforms at the regional development institution if elected at the…
Ride-hailing giant, Uber, yesterday announced the discontinuation of its operations in Nigeria after 12 years in the country, as part of a broader restructuring of its global business that has also resulted in the layoff of about 3,300 employees worldwide. The company said it would wind down its ride-hailing operations in Nigeria and Uganda effective…