Courtesy of Bloomberg, a look at how massive crude deposits first drilled by Exxon are transforming Guyana which – last year – grew 62%: Guyana’s economy will expand 38% this year as a wave of oil wealth transforms the South American nation, the International Monetary Fund said Monday. Massive offshore oil deposits first drilled by Exxon […]
Read more »Via Latinometrics, an insightful look at Latin America and the $800B remittances market: You’re a young Colombian who’s just secured a job in the San Fernando Valley of Los Angeles as part of a construction team. With the money you earn, you figure, not only can you pay rent and buy groceries—but also send home a […]
Read more »Via Nikkei Asia, commentary on BRICS+ ability to drive the Global South’s agenda: On Aug. 2, Anil Sooklal, South Africa’s ambassador to the BRICS bloc, said that the ragtag group’s upcoming leaders’ summit in Johannesburg would initiate “a tectonic change … in the global geopolitical architecture.” While the summit that concluded on Aug. 24 fell decidedly […]
Read more »Via Harvard Business Review, commentary on ways to accelerate digital integration in Africa which – similar to the European Union’s – has been cited as a key to creating stability, growing economies, improving market efficiency, sharing the costs of large infrastructure projects, and addressing peace and security: In 2021, the combined GDP of Africa’s 54 countries was […]
Read more »Via FinTech Magazine, a look at how – as smartphone penetration increases – underserved countries like Pakistan are in the middle of a financial renaissance thanks to fintech, with local fintech players playing a pivotal role in defining the future of financial inclusion: There’s renewed focus on using fintech to reduce financial inequality in emerging […]
Read more »Via TradeArabia, a report on a recent UBS study examining the Middle East’s digital economy: The Middle East’s digital economy will grow from $180 billion in 2022 to $780 billion in 2030 or roughly 20% growth per annum making it one of the fastest growing digital economies globally, said UBS, a multinational Swiss bank. It […]
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