Commonwealth News
CIBC Caribbean to leverage AI in Jamaica
CIBC Caribbean Bank is preparing to roll out AI-driven lending solutions in Jamaica, using artificial intelligence to automate credit decisions for unsecured personal loans and credit cards. This initiative forms part of the bank’s broader push to modernise operations...
JSW Steel to develop coking coal mine in Mozambique
JSW Steel has taken a significant step to secure long-term coking coal supplies by launching the Minas de Revuboè (MdR) coking coal mining project in Mozambique's Moatize coal basin, located in Tete Province. This strategic backward integration move gives JSW Steel...
Sunway Healthcare jumps 28% on debut after Malaysia’s biggest IPO in almost a decade
Malaysia’s Sunway Healthcare made a strong debut on the stock market, with its shares jumping 28% on the first day after raising $732 million in the country’s biggest IPO in nearly a decade. The stock opened above its offer price and closed significantly higher,...
Mastercard to acquire crypto startup BVNK for up to $1.8 billion in largest stablecoin deal to date
Mastercard is buying a London crypto startup called BVNK for up to $1.8 billion—the biggest stablecoin deal ever. About $300 million of that is tied to future milestones, with the purchase wrapping up by year-end. BVNK, started in 2021, helps businesses handle...
Pakistan enacts Virtual Assets Act 2026, sets crypto rules
Pakistan has passed the Virtual Assets Act 2026, with the Senate approving it on February 27, the National Assembly on March 3, and President Asif Ali Zardari signing it into immediate effect. This creates the Pakistan Virtual Assets Regulatory Authority (PVARA) with...
Kenya, Rwanda move toward single licence for cross-border fintech expansion
Kenya and Rwanda are developing a shared regulatory framework that would allow fintech firms to operate in both countries under a single licence, potentially removing one of the biggest obstacles to regional expansion for African digital payments companies. Under the...