Banking and Finance

Consulting Engineers South Africa (Cesa) unveiled its latest Bi-Annual Economic and Capacity Survey (BECS) on Tuesday, revealing a significant 22% drop in industry activity from July to December 2023, reaching its lowest point since 2019 at a level of 32. This downturn continued into early 2024, with further declines to a...

Following a 3% rise in Nvidia's stock on June 18, Huang's net worth jumped over $4 billion, reaching around $119 billion.  This achievement represents Huang's highest ranking to date, largely due to Nvidia's ascent as the most valuable public company globally, driven by the burgeoning artificial intelligence sector. Huang holds...

Saab, a leading defense and security company, has announced that Anna Wijkander, currently Deputy CFO and Head of Corporate Control, will become the company's new CFO and a member of Saab's Group Management. Anna Wijkander will assume her new position on September 9, 2024. This appointment follows the announcement on...

Travellers International Hotel Group Inc., the owner and operator of Manila's Newport World Resorts, has named Laurence Hawke as its new Chief Financial Officer. He will assume his role in July. Background and Experience: Laurence Hawke brings 30 years of experience in the integrated resort sector. Most recently, he served...

Momnt, a fintech company based in Atlanta that focuses on lending solutions and B2B payments, has appointed Chris Bracken as its new CEO. Bracken, who previously served as the Chief Revenue Officer, will take over from Barclay Keith, the current CEO and co-founder. Keith, who has led the company for...

The UK has consistently had the lowest investment levels among G7 countries for most of the past three decades, according to research by the Institute for Public Policy Research (IPPR). Utilizing data from the Organisation for Economic Co-operation and Development (OECD), the study revealed that new investment inflows into the...

American Express has partnered with Ecobank to significantly broaden the acceptance of its cards in 21 African nations. This strategic alliance, announced during the African Development Bank's annual meetings in Nairobi, introduces American Express card usage to 12 new countries: Burundi, Central African Republic, Gabon, Guinea-Bissau, Liberia, Malawi, Mali, Niger,...

Norwegian dry bulk operator Western Bulk Chartering has appointed Torbjørn Gjervik as its new CEO, effective September 1, 2024. Gjervik will succeed Ørjan Svanevik, who has been serving as interim CEO since March. Svanevik, formerly a director and COO at Setankers Management, joined Western Bulk's board last August and stepped...

AI-driven influencer marketing platform Humanz has named Liran Liberman as its new CEO. Liberman, who previously served as the company's Chief Revenue Officer, played a pivotal role in Humanz's revenue growth and the establishment of its U.S. operations over the past year. This leadership change coincides with outgoing CEO Liav...

Australian gambling services firm Tabcorp Holdings (TAH.AX) has named Gillon McLachlan, the former head of the Australian Football League (AFL), as its new chief executive and managing director. This appointment comes after the resignation of former CEO Adam Rytenskild, who left amid allegations of using offensive and inappropriate language at...