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AfDB partners AUC to develop digital market in Africa

16Mar

By Emeka OkaforNo Comments

Reports

AfDB partners AUC to develop digital market in Africa

A funding agreement for $9.73 million has been formalized by the African Union Commission (AUC) alongside the African Development Bank (AfDB) to promote the expansion of the continent's digital marketplace. This agreement pertains to the execution of Phase 1 of the Upstream Project aimed at Digital Market Development in Africa, as stated in a release on the AfDB website on Friday. The signing occurred on Thursday at the AUC’s headquarters in Addis Ababa, Ethiopia. Both Dr. Abul Kamara, the Deputy Director-General of the AfDB for the East Africa Region, and Amb. Albert Muchanga, the AUC Commissioner responsible for Economic Development, Trade, Tourism, Industry, and Minerals, endorsed the agreement. In September, the AfDB Board of Directors granted its approval for the allocation of sev...

Investors gain as equity market sustains positive sentiment

Bulls maintained dominance over the local market as trading on the floor of the Nigerian Exchange (NGX) concluded the day with an increase of N145 billion in market capitalization. The All Share Index (ASI), which finished at 44,929.33 points, rose by 0.59%. Similarly, the market capitalization grew by N145 billion. The stock exchange market worth is N24.4 trillion as of the end of trading on Tuesday, November 22, 2022. Market breadth concluded the day in the positive spectrum, with UPDCREIT spearheading 27 gainers and RTBRISCOE at the forefront of 8 losers. The stock market has ascended by 2212.89 basis points, or 5.18%, since the start of the year. Market indicators NGX ASI: 44,929.33 points Prior ASI: 44,662.96 points % Daily Change: 0.59% % Year-to-Dat...

NGX closes positive with market cap up N710 billion

The bulls maintained dominance over the local stock market as trading on the floor of the Nigerian Exchange Limited (NGX) concluded the day's session with an increase of N710 billion in market capitalization. The All Share Index (ASI), which settled at 46,232.37 points, rose by 2.90%. The market capitalization similarly surged by N710 billion. The stock exchange's market value stands at N25.2 trillion as of Wednesday, November 23, 2022, when trading wrapped up. By the end of today’s session, SCOA topped 11 decliners while NSLTECH led 28 advancers concerning market breadth. The stock market has risen by 3515.93 basis points, or 8.23%, since the onset of the year. Market Indices NGX ASI: 46,232.37 points Previous ASI: 44,929.33 points % Day Change: 2.90% % Y-t-D: 8...