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Gold Drops as Optimism Over US-China Trade Softens Safe-Haven Appeal
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Lagos — Gold prices slipped on Wednesday as reports of upcoming trade talks between US and Chinese officials lifted market sentiment and reduced safe-haven demand. The prospect of negotiations between Washington and Beijing has fueled optimism, even as broader trade uncertainties persist. Investor focus is also directed at the Federal Reserve’s policy decision later…
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Moroccan Regulator Sounds Alarm on Fragile Markets, Calls for Wider Investor Engagement
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The Moroccan Capital Market Authority (AMMC) has released a warning about the inherent weaknesses in the structure of the Casablanca Stock Exchange, highlighting its heavy dependence on institutional investors as well as insufficient involvement from retail investors and small to medium-sized businesses. The AMMC’s recently published 2024 annual report, entitled “Capital Markets in Figures,”…
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AFD Launches Direct Investments in Morocco’s Southern Provinces, Strengthening Franco-Moroccan Ties
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Remy Rioux, CEO of the French Development Agency (AFD), declared on Saturday that the organization plans to start making direct investments in Morocco’s southern regions beginning this year. This move aligns with a pledge made earlier by French President Emmanuel Macron during his recent official trip to the country. Representing Laayoune, Rioux highlighted that…
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Vietnam’s New Golden Visa: Everything You Need to Know About the 10-Year Permit
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Vietnam has declared its intention to launch a new 10-year gold visa program. The Southeast Asian nation aims to draw long-term inhabitants, investors, and experts from across the globe. It aims to strengthen Vietnam’s tourism industry and overall economy as a result. Here’s all the information we currently have regarding the gold visa. Vietnam’s…
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Warren Buffett’s final big bet could be a huge headache for his successor: ‘He looks foolish now’
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FED ISSUES FIRST UPDATE ON INTEREST RATES SINCE TRUMP’S TARIFF UPHEAVAL Earlier this month, Warren Buffett declared that he plans to Step back from Berkshire Hathaway by the year’s end. following six decades at the forefront. At the firm’s yearly gathering of shareholders held on May 3 in Omaha, Nebraska, the 94-year-old revealed this…
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Libyan Finance Ministry and AfDB Kick Off High-Level Talks on Boosting Private Sector Resilience and Peaceful Investments
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The primary focus of an important three-day workshop held in Tripoli, the capital of Libya, was to secure private sector investments aimed at fostering peace, enhancing stability, and driving economic resurgence in the country. This event, organized by the African Development Bank in collaboration with the Libyan Ministry of Finance, underscored the significance of…
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CIAA Raids SEBON Offices, Seizing Key Documents for 89 IPO-Ready Companies
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On Wednesday, Nepal experienced an operation led by the Commission for the Investigation of Abuse of Authority (CIAA). They conducted a raid at the Securities Board of Nepal (SEBON), suspecting that this regulatory body might have been involved in financial misconduct during their approval process for initial public offerings from newly established firms. The…
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Morocco’s Casablanca Stock Exchange Set to Launch Derivatives Market for Enhanced Liquidity
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The Casablanca Stock Exchange (CSE) in Morocco plans to introduce a new derivatives market over the next few weeks, according to its CEO, as an initiative to increase liquidity. Reuters . Tarik Senhaji, who leads CSE, mentioned that this step intends to expand the range of investors involved by permitting stakeholders to adopt both…
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Swedfund’s Investment: Safeguarding and Expanding Jobs for African SMEs
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Port Harcourt — Swedfund is investing USD 15 million in TLG Africa Growth Impact Fund II (TLG II). Through the investment, Swedfund aims to support the preservation and creation of decent jobs in small and medium size companies that otherwise struggle to find financing. Small and medium sized companies (SMEs) in Africa often struggle…
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Century Park Seized by Receivership as Investor Billy Cheung’s Troubles Mount
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The hospitality venue known as Century Park has fallen into receivership and is being managed by a tax advisory firm amidst the escalating fiscal challenges faced by its proprietor, Chinese national Billy Cheung. As per an authoritative declaration, Century Park now operates under the jurisdictional oversight and operational command of PricewaterhouseCoopers Rwanda Limited (PwC).…