Cash is still king across Africa. Can a new payment platform transform business?

Zijin Gold has made a remarkable debut in Hong Kong, with its shares soaring over 60% as gold prices reach record highs. This surge highlights the company's rapid growth in the gold production sector, driven by its interests in eight mines across Central Asia and Africa. The strong performance not only reflects investor confidence but also underscores the increasing demand for gold in uncertain economic times.

Zijin Gold has made a remarkable debut in Hong Kong, with its shares soaring over 60% as gold prices reach record highs. This surge highlights the company's rapid growth in the gold production sector, driven by its interests in eight mines across Central Asia and Africa. The strong performance not only reflects investor confidence but also underscores the increasing demand for gold in uncertain economic times.

Nigeria's government is set to engage in discussions with the country's largest labor organization in the oil and gas sector to address a potential shutdown of crude production linked to a dispute involving Aliko Dangote, the wealthiest individual in Africa. This situation is significant as it highlights the ongoing tensions between labor interests and major industrial players, which could have substantial implications for Nigeria's oil output and economic stability.

Nigeria's government is set to engage in discussions with the country's largest labor organization in the oil and gas sector to address a potential shutdown of crude production linked to a dispute involving Aliko Dangote, the wealthiest individual in Africa. This situation is significant as it highlights the ongoing tensions between labor interests and major industrial players, which could have substantial implications for Nigeria's oil output and economic stability.

This week's Current Climate newsletter highlights the troubling stance of the U.S. under Trump's climate denialism, which stands in stark contrast to global efforts to combat climate change. It also discusses a significant $250 million fund aimed at promoting off-grid solar solutions in Africa, showcasing the urgent need for clean energy initiatives. Additionally, the outlook for the Chinese solar giant LONGi reflects a growing commitment to renewable energy, emphasizing the importance of international cooperation in addressing climate challenges.

This week's Current Climate newsletter highlights the troubling stance of the U.S. under Trump's climate denialism, which stands in stark contrast to global efforts to combat climate change. It also discusses a significant $250 million fund aimed at promoting off-grid solar solutions in Africa, showcasing the urgent need for clean energy initiatives. Additionally, the outlook for the Chinese solar giant LONGi reflects a growing commitment to renewable energy, emphasizing the importance of international cooperation in addressing climate challenges.

The article discusses how many African nations can enhance their economic growth by reforming their tax systems, which were often inherited from France. By adopting a simplified tax structure that relies solely on a VAT of 18%, these countries could potentially increase their revenue relative to GDP. This is significant as it highlights a path for financial independence and growth in Africa, suggesting that a streamlined approach to taxation could lead to better economic outcomes.

The article discusses how many African nations can enhance their economic growth by reforming their tax systems, which were often inherited from France. By adopting a simplified tax structure that relies solely on a VAT of 18%, these countries could potentially increase their revenue relative to GDP. This is significant as it highlights a path for financial independence and growth in Africa, suggesting that a streamlined approach to taxation could lead to better economic outcomes.

Mizuho has taken the lead in stabilizing Heathrow Funding's GBP benchmark bond, a significant move that reflects confidence in the financial health of one of the world's busiest airports. This stabilization is crucial as it helps maintain investor trust and ensures that Heathrow can continue to operate effectively amidst economic uncertainties. The bond's performance is vital for funding ongoing projects and improvements at the airport, making this development important for both investors and travelers alike.

Merck's new drug WINREVAIR has shown promising results in clinical trials, reducing the risk of clinical worsening in patients with pulmonary arterial hypertension (PAH) by an impressive 76% when used early. This breakthrough is significant as it offers hope for better management of PAH, a condition that severely impacts patients' quality of life. The findings could lead to improved treatment protocols and better outcomes for those affected by this challenging disease.

Perimeter Solutions has received a positive boost as UBS raised its stock price target from $21 to $25. This adjustment reflects growing confidence in the company's performance and potential for future growth, which is significant for investors looking for promising opportunities in the market.

HSBC has initiated coverage of Lam Research with a Hold rating and set a price target of $127. This move reflects HSBC's cautious stance on the semiconductor equipment manufacturer, indicating that while the company has potential, it may not be the best time to invest heavily. Investors should consider this rating as part of their broader strategy, especially in the context of market fluctuations and the tech sector's performance.

Today, the stock market is seeing Dow futures edge lower as investors remain cautious with a government shutdown deadline approaching. Meanwhile, gold prices have reached another all-time high, reflecting a shift towards safe-haven assets amid a weakening dollar. This situation is significant as it highlights the ongoing economic uncertainties and the potential impact on market stability.

Singtel has announced that the CEO of Optus requires additional time to address the recent emergency call outages that have affected users. This situation is significant as it highlights the challenges faced by telecommunications companies in maintaining reliable services, especially during critical times. The resolution of these issues is crucial for restoring customer trust and ensuring public safety.