Latest News Hot off the Press

May 18, 2020

Dalal Buhejji, Director, Business Development - Financial Services, Bahrain EDB

The global narrative around COVID-19 is shifting. Across the world, business, government, media and public discourse is gradually refocusing from how to combat the virus towards how to reopen and rebuild economies – and what those economies will look like going forwards. As governments to varying degrees begin to tentati...

May 10, 2020

The round was led by VC arm of a leading pan-European banking and financial services institution ING Group with the participation of local VCs (and CVentures).

CVentures had launched in late 2018. At the time of the launch, CIB had said that it will invest in opportunities across the Middle East, Africa, and “other highly regarded cross-border markets.”

Tim Fouracre, the founder and CEO of Countingup...

April 14, 2020

The COVID-19 outbreak is a tragedy that will have widespread and long-lasting implications for humanity and our global economy. As COVID-19 continues to spread around the world, more and more enterprises will miss their financial targets because of supply chain disruptions and dampened customer demand.

It’s clear that this pandemic will drastically impact most businesses for months, probably years....

April 14, 2020

Cargill and Agrocorp have completed their first cross-continent commodity trade finance transaction using the dltledgers blockchain platform. The transaction, which settled on April 1, involved a US$12mn wheat shipment from North America to Indonesia. Financed by Rabobank, the deal saw the two agri-commodity traders participate alongside shipowner Amarante and shipping agent Transmarine, on a commo...

April 6, 2020

HUMBL, a U.S. fintech that delivers mobile payments and financial services, announced on Monday it has teamed up with One Kiosk, a Nigeria fintech specializing in local merchant ordering and deliveries, to pilot the HUMBL Mobile Pay, HUMBL Point-of-Sale (POS) and HUMBL Hubs delivery network, for contactless delivery of local goods and services such as groceries, restaurants, and pharmaceuticals. Th...

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