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Africa Finance Corporation AFC Report Highlights $100 Billion Annual Infrastructure Financing Gap

The Africa Finance Corporation AFC released its State of Africas Infrastructure Report on October 16th, which starkly highlights an annual infrastruct

The Africa Finance Corporation AFC released its State of Africas Infrastructure Report on October 16th, which starkly highlights an annual infrastructure financing gap exceeding $100 billion. The report stressed that to achieve continental ambitions like the African Continental Free Trade Area AfCFTA, African nations must urgently mobilize domestic capital. It specifically points to the vast pool of over $70 billion in African pension and sovereign wealth funds available annually, advocating for new publicprivate cooperation models to unlock these resources for longterm investments in energy, transport, and digital backbones. Read More..

B2B Tech News | 17 days ago        

US Markets Decline for Second Day as Government Shutdown and Trade Fears Persist

US markets continued their decline on October 17th, with major indices falling amidst the persistent US government shutdown and heightened USChina tra

US markets continued their decline on October 17th, with major indices falling amidst the persistent US government shutdown and heightened USChina trade tensions. The ongoing political and fiscal uncertainty is driving a riskoff sentiment globally. Reflecting this, Foreign Institutional Investors FIIs were reported as net sellers in the Indian stock market for the day, confirming that global capital is moving to safety. The lack of resolution on key policy issues is forcing investors to remain cautious, contributing to continued volatility across major international and emerging markets. Read More..

B2B Tech News | 17 days ago        

Infosys Q2 Profit Jumps 13% YoY Wipro Misses Street Estimates with 1.2% PAT Rise

The Indian IT sector reported mixed results on October 17th. Infosys announced a strong performance with a 13% yearonyear jump in net profit, driven b

The Indian IT sector reported mixed results on October 17th. Infosys announced a strong performance with a 13% yearonyear jump in net profit, driven by large deal wins and cost efficiencies. Conversely, Wipro reported a tepid 1.2% risein consolidated Profit After Tax PAT, missing street estimates due to softer revenue growth and continued headwinds in the consulting business. The contrasting results underscore a bifurcated market where companies with robust digital and AI service offerings are outpacing those heavily reliant on legacy transformation projects, guiding investor sentiment for the remainder of the earnings season. Read More..

B2B Tech News | 17 days ago        

Bank of America Q3 Revenue Climbs 3%, Net Interest Income Tops Expectations

Bank of America BofA released its thirdquarter earnings on October 17th, reporting a solid performance with total revenue climbing 3% yearoveryear. Th

Bank of America BofA released its thirdquarter earnings on October 17th, reporting a solid performance with total revenue climbing 3% yearoveryear. The bank reported that Net Interest Income NII exceeded analysts expectations, driven by higher interest rates and growth in average loan balances, particularly in the consumer segment. CEO Brian Moynihan highlighted the bank’s strong deposit base and robust trading results. The positive results from BofA, following those of its peers, affirm the resilience and operational efficiency of the major US financial institutions despite a cautious outlook on global economic growth. Read More..

B2B Tech News | 17 days ago        

JPMorgan Chase Reports Strong Q3 2025 Earnings $14.4 Billion Net Income

JPMorgan Chase reported its thirdquarter 2025 earnings on October 17th, with net income reaching $14.4 billion and delivering a strong 20% Return on T

JPMorgan Chase reported its thirdquarter 2025 earnings on October 17th, with net income reaching $14.4 billion and delivering a strong 20% Return on Tangible Common Equity ROTCE. Chairman and CEO Jamie Dimon cited strong results despite geopolitical and market volatility. The bank saw average loans increase by 7% yearoveryear, driven by growth in Card Services and wholesale lending. Revenue was robust, with noninterest revenue up 16%, largely due to higher asset management and investment banking fees. The results demonstrate the financial strength and stability of major US banks amidst a challenging global economic backdrop. Read More..

B2B Tech News | 17 days ago        

Global Investors Pledge $48 Million at BlueInvest Africa Forum in Lomé, Boosting Maritime Startups

Lomé, Togo, hosted the BlueInvest Africa Forum on October 15th and 16th, an initiative led by the European Commission, which resulted in significant

Lomé, Togo, hosted the BlueInvest Africa Forum on October 15th and 16th, an initiative led by the European Commission, which resulted in significant investment pledges for African maritime entrepreneurs. Over $48 million in funding was reportedly pledged by global investors to support startups and smalltomedium enterprises SMEs focused on the "blue economy"—sustainable use of ocean resources. The event emphasized innovations in coastal protection, sustainable fishing, and maritime logistics, aiming to boost economic growth while strengthening AfricaEurope cooperation on marine resource management. The forum underscored Togo’s growing role as a hub for West Africas maritime sector. Read More..

B2B Tech News | 17 days ago        

Coinbase Increases Investment in CoinDCX, Valuing Indian Crypto Exchange at $2.45 Billion

Global cryptocurrency giant Coinbase announced on October 15th that it is increasing its stake in CoinDCX, a leading Indian crypto exchange, pushing t

Global cryptocurrency giant Coinbase announced on October 15th that it is increasing its stake in CoinDCX, a leading Indian crypto exchange, pushing the latters valuation to $2.45 billion. The investment is part of Coinbases broader strategy to deepen its commitment to the Indian market, which is experiencing explosive growth and increasing regulatory clarity. CoinDCX stated the funds would be primarily used for platform expansion, regulatory compliance, and increasing its market share across the Middle East. The move signals strong confidence from major international players in the future of India’s digital asset ecosystem, despite occasional regulatory headwinds. Read More..

B2B Tech News | 17 days ago        

Tata Communications Eyes Strategic TieUp with TCS for ₹54,000 Crore Data Centre Expansion

Tata Communications is reportedly in advanced discussions to collaborate with its group entity, Tata Consultancy Services TCS, on a largescale data ce

Tata Communications is reportedly in advanced discussions to collaborate with its group entity, Tata Consultancy Services TCS, on a largescale data center infrastructure expansion valued at $6.5 billion approx. ₹54,000 crore, as reported on October 16th. The potential tieup is aimed at creating one of Indias largest and most technologically advanced data center networks, leveraging TCSs software expertise and Tata Communications infrastructure assets. This strategic partnership seeks to tap into the booming demand for cloud services, AI infrastructure, and data localization, ensuring the Tata Group maintains a dominant position in the digital backbone of the Indian economy. Read More..

B2B Tech News | 17 days ago        



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