In a bold and strategic step merging politics and the burgeoning world of digital finance, incoming First Lady Melania Trump has unveiled her own cryptocurrency, the “Official Melania Meme” ($MELANIA), just a day before President-elect Donald Trump’s inauguration. This initiative follows closely on the heels of President-elect Trump’s introduction of his meme coin, $TRUMP, underscoring […] The post Melania Trump Launches $MELANIA Cryptocurrency Days After Trump Unveiled $TRUMP. appeared first on Envestreet Financial ..read more

The Central Bank of Nigeria (CBN) has imposed fines totaling ₦1.35 billion on nine Deposit Money Banks (DMBs) for failing to provide adequate naira notes through Automated Teller Machines (ATMs) during the recent festive season. Each bank was fined ₦150 million following spot checks that revealed non-compliance with the CBN’s cash distribution guidelines. The affected […] The post CBN Fines Nine Nigerian Banks ₦1.35 Billion for ATM Cash Shortages During Festive Season. appeared first on Envestreet Financial ..read more

Mastercard has reinforced its commitment to Ghana’s burgeoning digital economy by inaugurating its first office in Accra. This strategic move aims to enhance financial inclusion and support the nation’s economic growth through innovative financial solutions. The new Mastercard office in Accra Ghana reflects Mastercard’s commitment to the West African region. Mark Elliott, Division President for […] The post Mastercard opens its first office in Accra to Boost Ghana’s Digital Economy & Advance Financial Inclusion. appeared first on Envestreet Financial ..read more

As of January 1, 2025, Ethiopia has initiated the mandatory use of its national digital identification system, known as Fayda, for banking transactions in the capital city, Addis Ababa. The use of  Fayda Digital ID marks the beginning of a phased rollout aimed at enhancing financial inclusion and security across the nation. The National Bank […] The post Ethiopia Implements Mandatory Fayda Digital ID for Banking Transactions. appeared first on Envestreet Financial ..read more

Flour Mills of Nigeria Plc, a leading agro-allied company, has officially delisted its shares from the Nigerian Exchange (NGX) after 45 years of trading. The delisting, effective December 30, 2024, follows the company’s application to withdraw its entire issued share capital from the exchange. The NGX had earlier suspended trading in Flour Mills’ shares on […] The post Flour Mills of Nigeria Delists from Nigerian Exchange (NGX) After 45 Years. appeared first on Envestreet Financial ..read more

The Nairobi Securities Exchange (NSE) has announced the lifting of the suspension on the trading of Kenya Airways shares. Effective January 5, 2025, this decision marks a turning point for the national carrier, signaling renewed confidence in its financial performance and strategic outlook. The suspension, which had kept Kenya Airways shares off the trading floor, […] The post Kenya Airways Resumes Trading on Nairobi Securities Exchange Following Suspension. appeared first on Envestreet Financial ..read more

Abu Dhabi’s Mubadala Investment Company has been recognized as the top global sovereign investor for 2024, deploying $29.2 billion throughout the year, a significant increase from $17.5 billion in 2023, according to a report by industry analyst Global SWF. The investments covered 52 deals, a 67% rise from the previous year. The report noted that […] The post Abu Dhabi’s Mubadala Investment Company Named Leading Sovereign Investor of 2024. appeared first on Envestreet Financial ..read more

The Capital Markets Authority (CMA) of Kenya has taken two significant strides to strengthen the nation’s financial markets, unveiling initiatives aimed at expanding investor access and embracing innovation. Kenyan Alliance Asset Management Limited has been licensed as a fund manager, bringing the total number of such entities in Kenya to 42. The company’s entry into […] The post CMA Licenses New Fund Manager and Trials Blockchain Firm to Boost Kenya’s Financial Market. appeared first on Envestreet Financial ..read more

Honda and Nissan have officially agreed to engage in merger talks over the next six months. The potential deal aims to form the world’s third-largest automaker, enhancing both companies’ ability to compete against the rising challenge posed by Chinese car manufacturers. This strategic move reflects their efforts to pool resources and strengthen their global position […] The post Nissan and Honda Plan to Merge by 2026, Creating the World’s Third-Largest Automaker. appeared first on Envestreet Financial ..read more

Kenya has made a significant move to enhance regional integration by launching a new Class R work permit that allows citizens from the East African Community (EAC) to work in Kenya free of charge. This change is expected to foster closer ties within the EAC, boost regional economic cooperation, and support the movement of skilled […] The post Kenya Introduces Free Work Permits for EAC Nationals and Reduces Income Threshold for Nomad Visa. appeared first on Envestreet Financial ..read more