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n a world first, South Africa grants a patent listing AI as the inventor

August 8, 2021--The innovation in question involves interlocking food containers that are easy for robots to grasp and stack.
At first glance, a recently granted South African patent relating to a "food container based on fractal geometry" seems fairly mundane.

The innovation in question involves interlocking food containers that are easy for robots to grasp and stack.

On closer inspection, the patent is anything but mundane. That's because the inventor is not a human being- it is an artificial intelligence (AI) system called DABUS.

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Source: moneyweb.co.za


Nigerian Stocks Shrink Further As Sell Pressure Weighs On Banks' Shares

July 28, 2021--The index is down by 3.67 per cent year to date.
Nigerian stocks eased 0.03 per cent on Wednesday, elongating the loss reported at the previous trading session and raising concerns about how much the promising start to the earnings season, underscored by a string of strong corporate financial results, could transform the market.

Banking sector equities were most hit by the downtrend, and Zenith joined Vitafoam to lead the pullback at individual stock level, a 155 per cent surge in the nine-month period profit of the mattress and furniture manufacturer incapable of saving its share price from declining.

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Source: allafrica.com


Africa: AfCFTA Success Depends On Regional Integration of Public Good-Report

July 21, 2021--The African Centre for Economic Transformation (ACET) has stated in its African Transformation Report 2021 that countries in the continent should look beyond trade and markets and collaborate in delivering regional public good.

This, it noted was to ensure the success of the African Continental Free Trade Area (AfCFTA) and achieve growth in their respective economies.

The report titled, "Integrating to Transform, stated: "But while past regional integration efforts have often struggled, Africa's transformation requires much more progress on regional integration.

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Source: allafrica.com


Nigeria's Inflation Drops to 17.75 Percent in June-NBS

July 16, 2021--The National Bureau of Statistics says the consumer price index, (CPI) which measures inflation (rate of change in the increase in prices) increased by 17.75 per cent (year-on-year) in June 2021.

This is said to be 0.18 percentage points lower than the rate recorded in May 2021 (17.93) per cent.

This implies that prices continued to rise in June 2021 but at a slightly slower rise than it did in May 2021).

The corresponding twelve-month year-on-year average percentage change for the urban index was 16.51 per cent in June 2021.

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Source: allafrica.com


Southern Africa: South Africa Dependency Threatens Zimbabwe's Economy

July 16, 2021--The violent events that unfolded in South Africa this past week present renewed purpose for some serious soul searching by Zimbabwe's economic decision makers on how to model the economy out of the dependency on its neighbor to the south for raw materials and other essentials, economic experts have said.

South Africa's KwaZulu Natal and Gauteng provinces-two strategic economic areas- burst into mayhem this week as looters ransacked major retail shops, banks and warehouses with loses to businesses expected to peak into billions of Rands.

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Source: allafrica.com


Violence gives South African markets a reality check

July 14, 2021--South Africa unemployment one of highest in the world
South Africa's worst unrest in years threatens to derail one of this year's star emerging market performers and highlights the chronic joblessness and poverty papered over by a short-term export boom.

The rand tumbled as much as 3.4% this month and hit a more than three-month low, stocks of property firms and retailers dropped as much as 7% in a single day and sovereign bonds sold off after more than 70 people were killed in unrest and looting that erupted following the jailing of ex-president Jacob Zuma.

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Source: zawya.com


South Africa Economic Update: South Africa's Labor Market Can Benefit from Young Entrepreneurs, Self-Employment

July 12, 2021--The thirteenth edition of the South Africa Economic Update, Building back better from COVID-19, with a special focus on jobs, examines how supporting young entrepreneurs could be one of the ways the country could address, unemployment, among its other pressing social challenge in an environment of weakened economic growth.

The Economic Update expects South Africa's growth to rebound to 4% in 2021, the fastest pace in over a decade, bouncing back from last year's deep contraction of 7%. However, medium-term prospects for higher and more inclusive growth remain constrained. Growth is expected to slow down to 2.1% in 2022 and to 1.5% in 2023.

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view the World Bank-Building Back Better from COVID-19 with a Special Focus on Jobs report

Source: World Bank


Nigeria: Stock Market Reverses Gains As Investors Book Profits

July 12, 2021--The stock market closed last week on negative note as the positive sentiments of the previous week could not be sustained.

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Source: allafrica.com


Nigeria: Blockchain Technology Has the Potential to Add $29 Billion to Nigeria's GDP By 2030

July 12, 2021--New research by Enhancing Financial Innovation & Access (EFInA) finds that blockchain technology can address barriers to financial inclusion in Nigeria and substantially boost Nigeria's economy, potentially adding $29 billion to Nigeria's GDP in this decade.

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Source: allafrica.com


Nigeria: Nigerian Stocks Deepen Loss By U.S.$601 Million As Investors Take Profit

July 10, 2021--The all-share index toppled by 475.68 basis points to close at 37,994.19.

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Source: allafrica.com


Americas


September 03, 2025 Symmetry Panoramic Trust files with the SEC-Symmetry Panoramic Sector Momentum ETF
September 03, 2025 Goldman Sachs ETF Trust files with the SEC-4 ETFs
September 03, 2025 NEOS ETF Trust files with the SEC-NEOS Boosted Nasdaq-100(R) High Income ETF and NEOS Boosted S&P 500(R) High Income ETF
September 03, 2025 Themes ETF Trust files with the SEC-15 Leverage Shares 2x Capped Accelerated Monthly ETFs
September 03, 2025 NEOS ETF Trust files with the SEC-NEOS Boosted Bitcoin High Income ETF

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Europe ETF News


September 01, 2025 ETF and ETP Listings on September 1, 2025, new on Xetra and Borse Frankfurt
August 29, 2025 21Shares Launches First ETP Tracking Hyperliquid, the Market Leader in Decentralized Perpetuals
August 27, 2025 ETF and ETP Listings on August 27, 2025, new on Xetra and Borse Frankfurt
August 26, 2025 21Shares Renames Spot Ethereum Product
August 26, 2025 ETF and ETP Listings on August 26, 2025, new on Xetra and Borse Frankfurt

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Asia ETF News


September 03, 2025 SGX Securities Welcomes The Listing Of SPDR J.P. Morgan Saudi Arabia Aggregate Bond UCITS ETF
September 02, 2025 Hana Asset Management Launches 1Q Xiaomi Value-Chain Active ETF Tracking the Solactive-KEDI Xiaomi Focus China Tech Index
August 28, 2025 New World Bank Report Charts Pathways for Energy Security, New Jobs, and Market Opportunities in East Asia
August 22, 2025 Dissecting Medium-Term Growth Prospects for Asia
August 12, 2025 ChinaAMC releases Report on China's Corporate Governance Practices

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Global ETP News


August 27, 2025 FBS Analysis Highlights How Political Shifts Are Redefining the Next Altcoin Rally
August 07, 2025 Cryptocurrency Ranked: The 20 Largest Cryptocurrencies by Market Cap
August 07, 2025 CoinEx Research July 2025 Report: GENIUS Signed Bitcoin ReACTs

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Middle East ETP News


September 02, 2025 Indxx US Infrastructure Index Licensed by KSM Mutual Funds Ltd. for an Index Tracking Fund
September 01, 2025 Lunate Launches Boreas Solactive Quantum Computing UCITS ETF, the First Thematic ETF to List on ADX, Tracking the Solactive Developed Quantum Computing Index
August 20, 2025 Mideast Stocks: Gulf bourses trade lower ahead of key Fed speech
August 14, 2025 Saudi, UAE drive GCC assets under management growth to $2.2trln
August 12, 2025 Exchanges get religion in pursuit of Muslim cryptobros

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ESG and Of Interest News


August 28, 2025 Collapse of critical Atlantic current is no longer low-likelihood, study finds
August 04, 2025 World Cannot Recycle Its Way Out of Plastics Crisis, Report Warns
August 02, 2025 The Brain Economy: The New New Thing
July 31, 2025 New Standards for Economic Data Aim to Sharpen View of Global Economy
July 29, 2025 Ranked: 25 Richest Countries in the World, by Three Metrics

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