A customs revamp is a welcome change, but logistics and transit bottlenecks still stifle African trade. To curb revenue and income losses and accelerate trade across 50 member states, the African Continental Free Trade Area (AfCFTA) Secretariat partnered with Nigeria’s Bergmans Security Consultants and Supplies Ltd. in a $3.1 billion deal to roll out a…
Deutsche Bank’s Jim Reid notes that despite higher United States (US) Treasury yields and renewed speculation about a July Fed rate hike, US equities advanced, led by a strong recovery in chip stocks. The Philly Semiconductor Index posted its best daily performance in a month, lifting the S&P 500, while markets simultaneously priced a more…
Building a $1 million retirement fund may sound like an idea reserved for the wealthy, those with six-figure incomes, and someone who hit a couple of home run stock picks. In reality, it’s something everyone can attain. It just takes discipline, a well-thought-out investing plan, and consistent contributions over the course of decades. To get…
I have been writing all year about the unbelievable size of the AI builtout in terms of spending and corporate capex. This is a great chart to put it into perspective and note that he dates are much more compressed than anything previously. What still puzzles me is exactly where all the money is going….
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