I feel the glass lenses of the cameras staring at me, cold and evaluating. A bright whirl of disco lights illuminates the stage. I can’t see the studio audience, but they are out there. In the dark, on the edge of their seats. Is Ru watching? Even if I am only a stranger to him,...Read More
Over-indebted consumers are set to face a tough 2021. With over 2 million jobs lost in 2020, the highest number of Covid-19 cases on the continent and the after-effect of strict lockdown restrictions still affecting businesses, the future looks uncertain for many South Africans, particularly financially. According to Trading Economics, household debt in relation to...Read More
Taking part in MicroStrategy’s recent $650 million convertible senior note offering was basically getting an almost-free call option on bitcoin, Bill Miller IV, the son of legendary investor, said. CORRECTION (Jan. 24, 20:41 UTC): Corrects to note that it was the younger Miller who spoke on behalf of the fund, not his father, the legendary investor...Read More
COMMENT The year 2020 will, of course, be remembered for the Covid-19 pandemic. Many African countries have handled the public health effects of coronavirus well compared with neighbouring continents, with some 55 000 related deaths and 2 million recovered out of a population of just over a billion. This can be credited to quick action...Read More
As conventional wisdom grows that central banks can go more deeply into debt than previously thought, one economist asks, how much is too much? This week’s edition of Long Reads Sunday is a reading of “How Much Debt Is Too Much?” by Raghuram Rajan on Project Syndicate. In it, the author explores the shifting conventional...Read More
One of the sharpest analysts in macroeconomics looks at how monetary and fiscal policy are likely to change in the coming years. Today’s guest is Lyn Alden. Lyn is the founder of Lyn Alden Investment Strategy and one of today’s best-known and most-respected macro analysts. In this conversation, she and NLW discuss: Anti-deflation vs. inflation...Read More
On 13 November, Zambia became the first African nation in the Covid era to default on its external debt payments. The default was triggered by the inability of the government to arrive at an agreement with holders of $3-billion of its external bonds (so-called Eurobonds). The government was requesting a six-month extension in interest payments...Read More
Bitcoin hit $12,000 but then fell as long derivatives traders were wiped out. Meanwhile, DeFi lending continues to grow. Bitcoin (BTC) trading around $11,884 as of 20:00 UTC (4 p.m. ET). Gaining 1.8% over the previous 24 hours. Bitcoin’s 24-hour range: $11,468-$12,084 BTC above its 10-day and 50-day moving averages, a bullish signal for market...Read More
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Bit2big offers global digital finance solutions based on blockchain, cryptocurrency investments and blockchain services.
With a presence in Switzerland, Nigeria, Rwanda and Uganda we are driving the adoption of blockchain technologies in the east and west Africa.
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