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Joy Online
A Singapore court has ordered Bloomberg and one of its reporters to pay S$460,000 ($356,000; £266,000) to two ministers who had sued them for defamation over an article referencing their property transactions. …
Singapore court orders Bloomberg to pay $356,000 to ministers in defamation caseJoy Online
… According to Bloomberg, increasing African valuations and stronger investor demand are bolstering banks to venture into public listings, boosting a new upward trend of IPO activity in Africa’s financial sector. …
Ramifications of the IPO market surge in AfricaJoy Online
… Bloomberg’s Billionaire’s Index puts the president’s net worth at $7.6bn. After his return to the White House, Trump adopted a friendly approach to the crypto industry, even as companies linked to his family issued digital tokens. …
Trump made more than $1bn from crypto in first year back in officeJoy Online
… This assessment draws on reports issued by the United Nations Panel of Experts on Sudan, investigations published by Reuters and Bloomberg, studies by the Royal United Services Institute (RUSI), as well as information from open-source intelligence and satellite imagery examining …
Sudan’s Hidden War: Sovereign wealth, arms supply routes, and the reshaping of alliancesJoy Online
… Bloomberg’s Billionaires Index puts the president’s net worth at $7.6bn. After his return to the White House, Trump adopted a friendly approach to the crypto industry, even as companies linked to his family issued digital tokens. …
Trump made more than $1bn from crypto in first year back in officeJoy Online
… According to Bloomberg, this would give Meta a 20% stake in the company. Shah noted that while Meta would join as a minority investor in Cred, it would have “no access to member data”. …
WhatsApp to be led by Indian start-up founder as Will Cathcart steps backBusiness & Financial Times
… In a recent interview with Bloomberg, Georgieva delivered a sobering message to governments, businesses, financial institutions, and investors worldwide: “We are not going to get to a place where shocks are gone.” Her statement comes against the backdrop of growing global uncerta …
Financial Security (FinSec) Series with Dr Philip Takyi: When the world sneezes, Africa catches pneumoniaJoy Online
… This was revealed by Bloomberg, which it cited some persons familiar with the matter, but have asked not to be identified for now, as discussions are at a preliminary stage. …
Government considers transfer of Gold Fields Tarkwa mine to local firms after expiration of leaseJoy Online
… The listing also saw Musk elevated to trillionaire status, according to Bloomberg calculations. …
SpaceX IPO raised $10bn more than thoughtJoy Online
… Cassiel Ato Forson, disclosed this in an interview with Bloomberg in London. According to him, this was due to the rising prices of crude oil on the international market over the past months, due to developments in the Middle East. …
Finance Minister revises end-year petroleum revenue target to US$1.5 billionA Singapore court ordered Bloomberg and one of its reporters to pay S$460,000 ($356,000) to two ministers, K Shanmugam and Tan See Leng, over a 2024 article about property transactions that the judge found implied wrongdoing. Bloomberg disputed the ruling, arguing the reporting was accurate and served the public interest.
14 July 2026 · Joy Online →
A Singapore court ordered Bloomberg and one of its reporters to pay S$460,000 ($356,000) to two ministers, K Shanmugam and Tan See Leng, over a 2024 article about property transactions that the judge found implied wrongdoing. Bloomberg disputed the ruling, arguing the reporting was accurate and served the public interest.
14 July 2026 · Joy Online →
Family Bank plc listed on the Nairobi Stock Exchange on June 23, 2026, with shares jumping 44.44% on the first trading day from an introductory price of KSh 18.00 to KSh 26.00, the largest primary listing from a homegrown financial institution in over 17 years. The listing occurs amid a broader IPO surge across Africa, with Ethiopia's Abay Bank also listing on the Ethiopian Securities Exchange in late June.
2 July 2026 · Joy Online →
US President Donald Trump reported more than $1bn in cryptocurrency earnings in 2025, including $635m in royalties from a Trump meme coin and over $500m from World Liberty Financial, a cryptocurrency firm founded by his sons and children of his special envoy. The White House denied any conflict of interest.
1 July 2026 · Joy Online →
Sudan's conflict, which began in April 2023, is increasingly shaped by financing networks, supply chains, and regional alliances beyond the battlefield. Estimates suggest total military spending by all parties may reach $4 billion annually, driving reliance on parallel economy funding sources including natural resources and regional trade networks.
1 July 2026 · Joy Online →
US President Donald Trump reported more than $1bn in cryptocurrency income for 2025, including $635m in royalties from a Trump meme coin and over $500m from World Liberty Financial, a crypto firm founded by his sons. The White House denied any conflict of interest.
1 July 2026 · Joy Online →
WhatsApp boss Will Cathcart is leaving his role after nearly seven years, during which he scaled the platform to more than three billion users. Indian fintech founder Kunal Shah, who built Cred, will take over as head of WhatsApp.
22 June 2026 · Joy Online →
IMF Managing Director Kristalina Georgieva has warned that the global economy may never return to past stability, with economic disruptions, geopolitical conflicts, and financial instability becoming recurring features. The world faces growing uncertainty from supply chain breakdowns, inflation, trade disputes, cyber threats, climate disasters, and geopolitical conflicts, including Middle East tensions affecting energy markets.
22 June 2026 · Business & Financial Times →
The government is considering transferring control of Gold Fields Tarkwa Mine to local firms when the current lease expires in April 2027, according to Bloomberg sources. The potential transfer is part of efforts to increase government ownership of the gold industry, with any handover to be evaluated on environmental rehabilitation, local employment, and infrastructure development commitments.
19 June 2026 · Joy Online →
SpaceX raised $85.7bn in total when it listed on Nasdaq, exceeding initial IPO proceeds of $75bn after underwriters exercised a greenshoe clause to sell an additional $10bn of shares in response to strong investor demand.
15 June 2026 · Joy Online →
Ghana's finance minister has revised the end-year 2026 petroleum revenue target upward to approximately US$1.5 billion from the initially budgeted US$985 million, citing rising international crude oil prices driven by Middle East developments. Details of the revision will be presented in the Mid-Year Budget Review in July 2026.
9 June 2026 · Joy Online →
Bank of Ghana Governor Dr. Johnson Asiama told Bloomberg the country has built the necessary reserves to withstand oil price shocks, expressing confidence that current crises will be short-term and that resilience has improved over the past year.
5 June 2026 · Joy Online →
Finance Minister Dr Cassiel Ato Forson has signalled a tougher stance on mining lease renewals, warning that the government may no longer view favourably situations where companies secure lease extensions only to sell the assets shortly afterwards. He cited a recent Newmont transaction where a renewed lease was sold within a month for approximately one billion dollars, questioning whether such arrangements align with the original intent behind granting lease extensions.
5 June 2026 · Joy Online →
President John Dramani Mahama opened trading at the London Stock Exchange on Wednesday, urging global investors to support Ghana's growth and invest in the Ghana Stock Exchange. He highlighted the country's improving economic indicators over the past 18 months, including reduced inflation, a stabilised Cedi, and strengthened international reserves, while noting the GSE has experienced a renaissance in the past 12 months.
4 June 2026 · Joy Online →
Finance Minister Dr. Cassiel Ato Forson told Bloomberg he expects inflation will not rise above 5% by the end of the year, though he acknowledges it will rise further from the current 3.4% due to Middle East developments and rising crude prices. The minister also projected Ghana's 2026 growth rate could be higher than the budgeted 4.8% due to developments in the oil and gas sector.
3 June 2026 · Joy Online →
The Central Bank of Congo has adopted Bloomberg's BMatch solution to improve transparency and efficiency of interbank foreign exchange trading in the Democratic Republic of Congo. The initiative has engaged ten additional local banks to use Bloomberg's FXGO platform, expanding the country's digital trading infrastructure.
22 May 2026 · Business & Financial Times →
Oil futures climbed on Friday as concerns persisted over ship attacks and seizures in the Strait of Hormuz, with Brent crude rising to $106.32 a barrel and U.S. West Texas Intermediate to $101.71, despite Iran reporting about 30 vessels had passed through since Wednesday evening.
15 May 2026 · Joy Online →
Ghana intends to raise $1 billion through domestic cedi-denominated bonds to fund cocoa purchases from farmers ahead of the 2026/27 crop season, as part of efforts to reduce reliance on dollar funding and foreign lenders. The bond, expected before the cocoa season begins around August, is part of a broader overhaul of how the country finances and delivers cocoa to global buyers amid market volatility and funding pressures from falling prices.
8 May 2026 · Joy Online →
Ghana's banks recorded 16,733 fraud cases in 2024, a five per cent increase on 2023, with total value at risk climbing 13 per cent to roughly GH¢99 million, even as the sector has become better capitalised and supervised since the 2018 licence revocations.
4 May 2026 · Business & Financial Times →