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M&A activity in African tech startups continued to decline in 2024, with only 12 deals recorded, a 20% drop from the previous year. Total funding fell to $1.1 billion from $2.4 billion, marking a second consecutive year of downturn, with South African startups leading acquisitions. Notably, mobility startups saw three acquisitions, while fintech's dominance in previous years waned.
Emerging market sovereigns face vulnerabilities amid rising global financial volatility, particularly with the U.S. dollar rallying. Countries like Argentina, Turkey, and South Africa have seen significant currency depreciations, while exposure to currency risk varies widely, with South American nations notably affected. Additionally, potential capital outflows and increased interest burdens could exacerbate financial pressures for several emerging economies.
Nigerian startup Dojah is revolutionizing fraud prevention with its all-in-one identity verification solutions, launched in January 2021 by Tobi Ololade and Ayomide Oso. The company offers tools for real-time fraud detection, transaction monitoring, and AML compliance, serving businesses across Nigeria, Ghana, Kenya, and South Africa.With US$1.25 million in pre-seed funding, Dojah has verified 50 million identities and aims to expand its services throughout Africa. Operating on a B2B SaaS model, the startup focuses on scalability and market growth as demand for its solutions increases.
Societe Generale Ghana has been named the Best Trade Finance Provider in Ghana for 2025 by Global Finance, highlighting its commitment to client-focused solutions and leadership in the financial sector. The award reflects the bank's exceptional performance and the dedication of its corporate team in understanding client needs. Societe Generale Group also received accolades as the World’s Best Supply Chain Finance Provider and Best Trade Finance Bank in several African countries, reinforcing its position as a trusted partner for businesses.
Cocoa prices have surged to over $12,000 per tonne, marking a dramatic increase of over 90% since late October. This rise follows a previous spike of 180% earlier in the year, driven by concerns over stock replenishment due to adverse weather conditions in Côte d'Ivoire and Ghana. The situation is exacerbated by the Harmattan, a hot, dry wind affecting the region.
Cocoa prices have reached new highs, reflecting strong market demand and supply dynamics. Meanwhile, UBS maintains a bullish outlook on gold, indicating confidence in its value amidst ongoing economic uncertainties.
UBS forecasts gold prices to reach $2,900/oz by the end of 2025, driven by central bank demand, rising investor interest, and a lower interest rate environment. Despite a recent dip, gold has risen nearly 29% year-to-date, outpacing the S&P 500. Central banks are expected to purchase over 900 metric tons in 2025, while geopolitical risks and a weaker dollar are likely to boost gold's appeal as a safe-haven asset.
UBS forecasts gold prices to reach $2,900/oz by the end of 2025, driven by central bank demand, rising investor interest, and a lower rate environment. Despite a recent dip, gold has risen nearly 29% year-to-date, outperforming the S&P 500. Central banks are expected to continue strong buying, with purchases projected at 900 metric tons or more in 2025, amid geopolitical risks and a weakening US dollar enhancing gold's appeal as a safe-haven asset.
Commodities play a crucial role in the global economy, categorized into hard commodities like oil and gold, and soft commodities such as wheat and livestock. Investors can gain exposure through direct trading, spread betting, CFDs, or by using Exchange Traded Commodities (ETCs) and Exchange Traded Funds (ETFs), which track commodity performance without direct ownership. While ETCs focus on individual commodities and may carry counterparty risks, ETFs offer diversification and liquidity, often tracking futures contracts rather than physical assets.
Charles Hoskinson, founder of Cardano, has proposed a major developer conference for 2025, aiming to showcase the Cardano ecosystem and foster collaboration among developers. He has suggested a million-dollar grant for attendees' travel expenses and is seeking venue recommendations, while also distinguishing this event from upcoming "builder fests" in Vietnam and Argentina. Despite recent price corrections, analysts remain optimistic about ADA's potential, with projections suggesting a move towards a price supercycle.
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