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eu removes uae from high risk money laundering list

The EU has removed the United Arab Emirates from its money-laundering "high-risk" list, alongside Barbados, Gibraltar, Jamaica, Panama, the Philippines, Senegal, and Uganda. However, Monaco and ten other jurisdictions, including Algeria and Venezuela, have been added to the list for increased monitoring. This update reflects the EU's commitment to align with international standards set by the Financial Action Task Force.

Kosmos Energy Receives Downgrade Amid Mixed Analyst Ratings and Performance

Benchmark downgraded Kosmos Energy from a "buy" to a "hold" rating, with a consensus rating of "Hold" and a price target of $4.93. The company, focused on oil and gas exploration along the Atlantic Margins, reported a quarterly loss of $0.22 EPS, missing estimates. Institutional investors hold 95.33% of the stock, reflecting significant interest despite recent price fluctuations.

kosmos energy experiences mixed analyst ratings and significant institutional investment

Kosmos Energy Ltd. (NYSE:KOS) saw Raiffeisen Bank International AG acquire 500,000 shares valued at approximately $1.68 million, increasing institutional ownership to 95.33%. The stock is currently rated as a Moderate Buy, but top analysts favor five other stocks over Kosmos. Recently, the company reported a quarterly loss of $0.22 per share, missing estimates, with revenue of $290.43 million, below expectations. Analysts have mixed ratings, with an average price target of $5.02.

tidjane thiam officially announces candidacy for president of cote d'ivoire

Tidjane Thiam, former CEO of Credit Suisse, is officially running for the presidency of Côte d'Ivoire as the candidate for the Democratic Party of Côte d'Ivoire (PDCI). Despite his elite background and family ties to the country's first president, his long absence from the nation has left him relatively unknown among the populace, posing a significant challenge for his campaign ahead of the October elections. Thiam's controversial tenure at Credit Suisse, marked by substantial financial losses and a high-profile scandal, has further complicated his political aspirations.

sabou capital launches investment fund for west african small businesses

Sabou Capital has launched an investment fund targeting small and medium-sized enterprises (SMEs) in West and Central Africa, planning to invest between US$350,000 and US$1.5 million in 25 companies at late pre-seed to Series A stages. Founded by Surayyah Ahmad, the fund focuses on sectors like agriculture, renewable energy, and logistics, supporting both English- and French-speaking countries, particularly Nigeria, Senegal, and Ivory Coast. Unlike traditional venture capital, Sabou Capital aims for modest returns of 2x to 3x, emphasizing hands-on support to ensure companies are investment-ready.

peach payments acquires paydunya to expand into west africa

Peach Payments has acquired Senegal-based PayDunya, marking its entry into mainland Francophone Africa and enhancing its capabilities for cross-border transactions. This strategic move supports Peach Payments' growth strategy, which includes expanding market share and launching new products, while also tapping into the rapidly growing digital payments market in West Africa. The acquisition is expected to be finalized in the coming months, further solidifying Peach Payments' position in the pan-African payment ecosystem.

Djamo secures 17 million funding to enhance mobile banking in Africa

Ivorian fintech Djamo has raised $17 million in equity funding to enhance its mobile banking platform, catering to over 1 million active customers and 10,000 SMEs in Ivory Coast and Senegal. Founded in 2021, Djamo aims to provide affordable banking solutions to underserved populations, particularly women, who make up a third of its user base. The investment, led by Janngo Capital, will help expand features for spending, saving, investing, and borrowing, addressing the financial needs of digital-first consumers in the region.

paysky secures recognition and funding to enhance fintech infrastructure in africa

Paysky, a leading digital fintech solutions provider, has secured $6.75 million to enhance Africa's fintech infrastructure. Recognized among Forbes Middle East’s Top 50 Fintech Companies for the third consecutive year, the company operates in 18 countries and processed over $3.9 billion in transactions in 2024. Its innovative offerings include national payment systems, the Yalla Super App, and various digital payment solutions aimed at driving financial inclusion and digital transformation across the region.

africa business heroes 2025 winners announced with 1.5 million in prizes

African startup funding dropped sharply from 406 in 2023 to 200 in 2024, marking a second consecutive year of decline amid a global capital shortage. Despite this downturn, the "Big Four" tech hubs—Nigeria, Egypt, Kenya, and South Africa—continued to attract the majority of investments, while fintech funding also saw a decline. However, signs of recovery emerged in late 2024 and early 2025, offering hope for improved funding prospects.

Tunisian startup juridoc secures funding to enhance legal services digitalisation

Tunisian legal-tech startup Juridoc has secured funding to enhance the digitalisation of legal services across Africa and the Middle East. Founded in 2021, it offers a comprehensive database and an AI-powered search engine, already serving over 4,000 paid users and 252,000 documents. The investment will support technological upgrades, database expansion, and marketing efforts to democratise access to legal information in new markets.
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