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South Africa’s Nedbank half-year profit up on non-interest revenue growth

South Africa’s Nedbank half-year profit up on non-interest revenue growth

Nedbank Group, a leading South African financial services provider, has reported strong financial results for the first half of 2023. The bank announced an 8% increase in headline earnings, reaching 7.9 billion rand ($427.2 million) compared to 7.3 billion rand in the same period last year. This impressive growth was attributed to several factors, including robust non-interest revenue growth, reduced impairment charges, and effective cost management strategies. Nedbank declared an interim dividend of 971 cents per share, representing a significant 11.5% increase from the previous year. These results, covering the six months ending June 30, 2023, demonstrate Nedbank’s resilience and ability to thrive in challenging economic conditions.

Read the original article here: https://www.msn.com/en-us/money/markets/south-africas-nedbank-half-year-profit-up-on-non-interest-revenue-growth/ar-AA1oiGNv?ocid=BingNewsBrowse

Cindy Ngamba makes history as first refugee to secure Olympic medal, reaches boxing semi-finals

Cindy Ngamba makes history as first refugee to secure Olympic medal, reaches boxing semi-finals

Cindy Winner Djankeu Ngamba, a Cameroon-born, UK-based boxer representing the Refugee Olympic Team, has etched her name in Olympic history at Paris 2024.She became the first athlete from the Refugee Olympic Team to secure an Olympic medal when she triumphed over French contender Davina Michel in the 75kg boxing semi-finals, winning by unanimous decision. Looking ahead, Ngamba faces Panama’s Atheyna Bylon on Thursday for a chance to advance to the gold medal match. Regardless of the outcome, Ngamba has already guaranteed herself a bronze medal, with the potential to upgrade to silver or gold. Her inspiring journey continues at the North Paris Arena, where she’s not only pursuing personal success but also shining a spotlight on the Refugee Olympic Team’s importance in the global sporting community. Ngamba’s groundbreaking achievement serves as a powerful message of hope and perseverance for refugees worldwide.

Read the original article here: https://olympics.com/en/news/cindy-ngamba-history-first-refugee-olympic-medal-paris-2024-boxing-semi-finals

Curacao becomes associate member of Caribbean Community

Curacao becomes associate member of Caribbean Community

Curacao, the picturesque Dutch Caribbean island, has officially joined the Caribbean Community (CARICOM) as its newest associate member. This milestone was announced during the opening ceremony of CARICOM’s heads of government summit in Grenada. Curacao’s inclusion expands CARICOM’s influence and strengthens economic integration and cooperation among Caribbean nations, especially small island developing states. CARICOM, dedicated to promoting regional collaboration, welcomed Curacao as Caribbean leaders gathered to discuss pressing issues, with climate change at the forefront. This membership is expected to foster new opportunities for trade, cultural exchange, and collective problem-solving among member states. As the Caribbean faces growing environmental challenges, Curacao’s membership could contribute to more robust regional strategies to combat climate change and other shared concerns. The summit in Grenada provides a platform for Caribbean leaders to address these critical issues and forge stronger regional ties.

Read the original article here: https://www.msn.com/en-us/news/world/curacao-becomes-associate-member-of-caribbean-community/ar-BB1qMMF3?ocid=BingNewsVerp

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Commonwealth digital lending markets in Africa

Commonwealth digital lending markets in Africa

Please join the Commonwealth Chamber of Commerce for a webinar on Commonwealth digital lending markets in Africa. The webinar will take place online via Zoom on the 4th of July at 5 pm HKT.

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