Asset

When discussions about Africa’s development arise, the narrative often gravitates toward foreign aid or investments. But what if the keys to building Africa’s vibrant future lie right here, within our own borders? Recent insights from the Africa Finance Corporation (AFC) indicate precisely that. Astonishingly, Africa is home to over $1.1 trillion in institutional capital derived from domestic sources such as pension funds, insurance companies, sovereign wealth funds, and development banks. Imagine that…

In the wake of widespread public discontent, the Gambian government has initiated an investigation concerning the controversial sale of assets confiscated from former President Yahya Jammeh. This decision reflects the growing disquiet among citizens who have raised concerns over alleged irregularities and a glaring lack of transparency surrounding these transactions. Among the assets in question are livestock, luxury vehicles, and various properties, all sold precipitously before an inquiry panel could assess Jammeh's…

From SPAC to Bitcoin Powerhouse: The Journey of Twenty One Capital In the ever-evolving landscape of finance, few narratives are as captivating as the recent ascension of Cantor Equity Partners. This Special Purpose Acquisition Company (SPAC) recently announced a deal to merge with the intriguing crypto firm Twenty One Capital, triggering a significant surge in its stock price—an impressive 462% since the merger announcement on April 22. The numbers are staggering, but what does this mean…

The Supreme Court of Kenya recently delivered a significant judgment, rejecting a government initiative aimed at seizing assets belonging to Gibriel Cusman Mohamed, a former Somali diplomat. The assets in question included a striking residence valued at KSh 110 million and cash amounting to KSh 8.6 million. Authorities had accused Mohamed of having ties to Yemeni terrorist organizations, raising profound questions about the intersection of diplomacy, legality, and ethical governance. Representatives from the Asset Recovery…

Greenland's new Prime Minister, Jens-Frederik Nielsen, firmly stated that the Arctic island will never be viewed as a mere "piece of property" to be acquired. His remarks come in response to U.S. President Donald Trump’s controversial suggestions regarding the sovereignty of the Danish autonomous territory, a proposal that Mr. Nielsen characterized as lacking fundamental respect. As he embarked on his inaugural visit to Denmark since taking office, the shadow of President Trump’s threats to take control of Greenland loomed…

Understanding the FSCA Investigation Process In November 2024, the Financial Sector Conduct Authority (FSCA) initiated an investigation into Eklavya Asset Managers and its trading platform, SolisMarkets. This inquiry emerged amidst client concerns primarily related to difficulties with investment withdrawals. Initially, the FSCA indicated potential issues with SolisMarkets possibly operating without proper licensing. However, they soon clarified that the investigation was still in its early stages and no conclusions had…

Bridging Stability and Innovation In the dynamic intersection where traditional finance meets the cutting-edge realm of blockchain technology, there lies a pivotal initiative: the integration of stability and innovation. Navigating this modern landscape is not just about technology; it’s also about compliance, responsibility, and opportunity. Enter eNsc, a pioneering Naira-pegged stablecoin that marries the time-tested trust of conventional finance with the agile efficiency of blockchain, operating within Nigeria's…

In a decisive and candid address, President John Mahama recently emphasized a critical message to his administration: the stringent expectation to declare assets by the end of March, as mandated by Ghanaian law. He warns that failure to comply will result in "severe sanctions." This directive underscores his unwavering commitment to combatting corruption, an issue that has plagued many nations, including Ghana. On February 19, during a public asset declaration alongside Ghana's Auditor General, Johnson Akuamoah Asiedu,…