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Kenyan woman returns from Saudi hoping for fresh start, loses all savings in farming scam
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Wawira Ngungu worked in Saudi Arabia for seven years and finally came back to Kenya in November 2024, looking forward to relishing the rewards of her hard work. After her mother passed away from cancer even though substantial funds were spent on treatments, she utilized her remaining savings to venture into agriculture. When it…
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Esewa Money Transfer Awards House to ‘Mero Digital Desh’ Champion Anjula Ghimire
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On May 6, in Nepal, Esewa Money Transfer formally presented a newly built home to Anjula Ghimire, who won the grand prize in their campaign called “Mero Digital Desh.” The ceremony included appearances from the firm’s spokesperson, top executives, and staff members. On November 28, 2024, Ghimire was named the prize winner during a…
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Coconut Crisis: Prices Soar in Asia as Climate Disrupts Supply
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The cost of coconuts has reached unprecedented heights in Vietnam, the Philippines, and Thailand because of reduced supplies stemming from climate change impacts and pest infestations. Vina T&T, a major fruit exporter, is currently paying as much as VND220,000 ($8.47) per dozen coconuts directly from farmers, setting new record prices. According to industry experts,…
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Shanghai’s Gold Rush: Crowds Flock to First-Ever Gold ATM as Prices Soar to Record Highs
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The first “gold recycling ATM” in Shanghai has attracted significant attention, particularly from elderly residents who wish to sell their longstanding jewelry collections amid rising international gold prices. Located within the Global Harbor shopping center in Shanghai, this facility has been attracting lengthy queues recently, necessitating reservations several days ahead of time for those…
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Global dollar weakness: A window of opportunity for emerging markets like Ghana
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By Kofi Busia KYEI By 2025, the worldwide economic scene is witnessing substantial changes with the U.S. dollar (USD) facing one of its steepest downturns in many years. This period marks roughly a 9% decline from the previous year, making it the worst beginning for the currency since 1989. This devaluation, spurred by a…
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MTN MoMo Limited Guarantees Safe and Secure Mobile Money Systems
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By Edward Dankwah Accra, May 06, GNA – MTN Mobile Money Limited (MoMo), a subsidiary of MTN Ghana responsible for Mobile Financial Services, has assured the public of secured and safe mobile money systems. This comes after Mobile Money Limited noted recent social media messages claiming that MTN systems have been compromised due to a cybersecurity…
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National Australia Bank’s credit losses to remain low
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Its CET1 ratio is expected to rise once it concludes the sale of its stake in MLC Life Insurance. National Australia Bank ’s (NAB) credit losses are anticipated to remain low over the next two years, close to pre-pandemic levels, according to S&P Global Ratings. The Melbourne-headquartered bank reported a 1% increase in cash…
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“Should I take a loan to buy a car?” Kenyan personal finance expert advises
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A man from Kenya who makes 50,000 KSh each month is seeking guidance on whether he should consider taking out a loan to purchase a vehicle. A 28-year-old man based in Nairobi mentioned feeling pressured to meet the expectations of his new girlfriend, who desires some form of sophistication. The personal finance expert Eric…
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Taiwan currency’s surge a ‘warning shot’ for Asia’s de-dollarisation: analysts
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The recent rise in the value of the New Taiwan Dollar, coupled with the strengthening of other Asian currencies, indicates a growing trend. regional de-dollarisation As investors reassess their positions in the U.S. dollar due to Washington’s “highly exploitative” stance toward other nations, analysts commented. Countries such as Taiwan, which traditionally face significant risks…
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Kidnappers Demand: Money, Jollof Rice, and Drinks in Edo and Delta
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Suspected herdsmen kidnappers have forced impoverished inhabitants of the Ubulu-Uku community in Aniocha South Local Government Area, Delta State, to raise an N10 million ransom to free two locals who were kidnapped and kept hostage for fourteen days. Read Almost: VDM: Sources from EFCC clarify arrests, HURIWA sharply criticizes the agency NDV found out…