Browsing: close

Escalating US-Iran tensions drove crude oil benchmarks up over 4%, contributing to a broader equity sell-off. Major US indices declined as investors braced for upcoming tech earnings, with the Nasdaq falling 1.40%. While memory stocks stabilized, tech sectors faced downward pressure, exacerbated by SpaceX’s aborted launch. Macro data reveals a complex landscape: July consumer confidence…

The Africa Finance Corporation (AFC) has announced the financial close of the US$753 million Lobito Corridor Railway Project in Angola, marking a major step forward for one of Africa’s most important cross-border transport corridors and strengthening regional trade across Southern and Central Africa. The project will rehabilitate, upgrade, and support the long-term operation of the…