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The inflation rate, which has remained above the 7.5% upper limit of the central bank’s target since June, is expected to jump after a surprise slowdown in April.
The collapse of Silicon Valley Bank (SVB) last week sent ripples in startup ecosystems around the world, and it is emerging that millions of dollars held by African startups and venture capital funds at the bank were at stake, until the U.S. Federal Reserve acted to save the day. In…
Startups are increasingly holding their funds in multiple bank accounts in big financial institutions, which are perceived to be safer.