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africa finance corporation

ExxonMobil Plans Texas Move to Keep Growth Strong

March 12, 2026

ExxonMobil, the biggest oil producer in America, is planning to shift its legal base from New Jersey to Texas. The decision comes after the company’s board agreed that a Texan address would better match its business climate. Shareholders will decide at the annual meeting on May 27 whether to appr

finance

Cognizant Shares Take a Hit While the Market Holds Steady

March 12, 2026

The tech services firm Cognizant, worth about $30. 1 billion, is a big player in the IT industry. It helps large companies upgrade their technology and improve customer service, especially in finance, health care, and retail. The company is headquartered in New Jersey but has a worldwide workforce. ...

finance

Crypto Rules: Treat Them Like Any Other Money

March 12, 2026

Australia’s regulator says crypto is just another form of money that follows the same rules as old‑school finance. Instead of creating a separate set of laws, they want to look at what the digital coins actually do. If a token is used as a security, it should be covered by securities law; if i

business

Insurance Plan Aims to Keep Oil Shipping Safe Amid Gulf Tensions

March 12, 2026

A new U. S. insurance program is stepping in to help ships travel through the Strait of Hormuz, a key route that connects Persian Gulf oil fields with the wider world. The plan is led by Chubb, a large insurer, and works with the Development Finance Corporation to cover potential damage from war‑rel

finance

South Korea’s Budget Boost Comes From Tax Gains, No New Bonds Needed

March 12, 2026

The South Korean government can increase its spending without borrowing more money, thanks to a surge in tax receipts, said the finance minister during a parliamentary debate. Tax income rose by 6 trillion won in January compared with the same month last year, a jump that gives lawmakers more roo

business

Trust Betrayed: A Tale of Fortune, Fraud and Family

March 12, 2026

Kathy Ireland and her husband Greg Olsen have filed a lawsuit against former managers Jason Winters and Erik Sterling, accusing them of serious misconduct. The couple claims the men misled them about their finances for more than three decades, presenting false reports while siphoning money for perso

politics

Minnesota’s Tax Credit Tug‑of‑War: Schools, Money and Politics

March 12, 2026

The new federal tax bill offers a $1, 700 credit for people who give money to groups that hand out scholarships. Minnesota can choose to adopt the rule, but only if it wants its residents to benefit from it. House Republicans have pushed the state to sign up, threatening to pull back support for bu

health

Vitamin A Delivery: Which Way Saves More Lives?

March 11, 2026

In many African nations, giving children vitamin A in two doses can prevent blindness and death. But the question is: how should governments deliver these shots to get the most benefit for the least money? A recent study looked at three countries—DRC, Togo and Niger—to answer that. The researchers

finance

JPMorgan Cuts Loans to Private Credit Funds Over Software Risk

March 11, 2026

JPMorgan has tightened its lending rules for private credit groups, trimming the value of certain loans that these funds use as collateral. The bank’s move signals growing caution among traditional lenders toward the fast‑growing private credit market, especially when backing software companies that

finance

Markets Face Turbulence as Oil Prices Rise and Global Events Stir Uncertainty

March 11, 2026

The U. S. stock market began the day without a clear direction, as futures traded sideways while oil prices edged up to about $90 per barrel. A highly anticipated drop in U. S. crude inventories did not lift investor mood, partly because tensions over shipping lanes in the Middle East continued to l