Rosan P. Roeslani, Indonesia's Minister of Investment and Head of the Investment Coordinating Board (BKPM), reported that investment between Indonesia and Africa continues to expand, with Indonesia's total investment in African countries reaching $2.09 billion USD from 2019 to the second quarter of 2024. Meanwhile, African countries have invested $1.73...

South Africa, Egypt, Nigeria, and Kenya are the top four countries in Africa in terms of the number of millionaires, according to the 2024 Africa Wealth Report. At the city level, the report shows that a significant portion of the continent's wealthy individuals reside in Nairobi, Johannesburg, Cape Town, Cairo,...

The first three years of the European Union's $800 billion Recovery and Resilience Facility (RRF) have experienced delays in both the disbursement of funds and the implementation of projects, according to a report released by the European Court of Auditors on September 2. These delays pose a risk to the...

Finnish technology company Nordtreat has announced the appointment of Outi Kallio as its new CEO, effective from the beginning of 2025. Kallio brings extensive experience in commercial and industrial management, having held several key positions at Teknos Group, where she is currently the Global Commercial Director. Her background includes significant...

New cooperation agreements between China and several African countries under the Belt and Road Initiative (BRI) are expected to be signed at the upcoming 2024 Summit of the Forum on China-Africa Cooperation (FOCAC). The summit, scheduled to take place from Wednesday to Friday, will see China further deepen its collaborative...

The cumulative wealth of India's richest individuals has surpassed $1 trillion, reaching a remarkable $1.19 trillion USD. This milestone is shared among 185 billionaires, each possessing a net worth of at least $1 billion USD. The Fortune India-Waterfield Advisors 2024 ranking indicates a 50% increase in the total wealth of...

B2C2, a prominent player in the crypto liquidity market, has appointed Cactus Raazi as the new CEO of its US division. Based in New Jersey, Raazi will report to the group CEO, Thomas Restout, and serve on the firm's executive committee. His role will encompass the development and execution of...

SCB Julius Baer has announced the appointment of Adrian Mazenauer as Deputy Chief Executive Officer as part of its recent management restructuring. Mazenauer, who has been with the joint venture between Swiss bank Julius Baer and Siam Commercial Bank since 2018, will continue in his role as head of wealth...

Investcorp Holdings, the Middle East’s largest alternative asset manager, is set to lose one of its most senior executives amid a broad leadership restructuring that will see the co-chief executive officer position abolished. Chairman Mohammed Alardhi will assume greater responsibilities as part of this shift. Hazem Ben-Gacem, who has been...