Visa (V) Targets Africa's $1.5 Trillion Digital Economy With New Data Center
A 2025 Mastercard-commissioned analysis by Genesis Analytics projects that Africa's digital payments economy would grow to $1.5 trillion by 2030, driven by swift improvements in internet penetration and financial inclusion.
By enhancing the local financial ecosystem, expanding Visa Inc. (NYSE:V)'s VisaNet, and putting South Africa in line with global fintech growth trends, the facility positions the country as a digital hub.
Visa Inc. (NYSE:V) is a global payments technology company that operates one of the world's largest electronic payment networks.
While we acknowledge the potential of V as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
Read More: and
Disclosure: None.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
16 minutes ago
- Yahoo
Rio Tinto approves US$180 million Norman Creek project, securing long-term future for Amrun bauxite operations on Queensland's Cape York Peninsula
MELBOURNE, Australia, August 07, 2025--(BUSINESS WIRE)--Rio Tinto has approved investment of US$180 million and commenced work on the Norman Creek access project at the world-class Amrun bauxite mine on Queensland's Cape York Peninsula. The Norman Creek access project will enable mining of the Norman Creek region of Amrun, which holds approximately half of the currently declared Amrun Ore Reserves of 978 million tonnes. [1] Construction is underway on key infrastructure, including a 19-kilometre haul road, camp accommodation and a communications tower. First production from Norman Creek is targeted for 2027, with full construction completed in 2028. Rio Tinto Pacific Operations Aluminium Managing Director Armando Torres said: "Norman Creek is another important step in securing the long-term future of our Weipa operations, and the benefits that mining brings to communities in the region, Queensland, and the nation. "It will maintain jobs in the region through to at least the middle of this century, ensuring continuity for our people and the Weipa community. "The decision to approve Norman Creek reflects the quality of Western Cape York's world-class bauxite deposits, combined with the strong operational improvements our people are making at Amrun that are bolstering our confidence to invest for the long-term." In addition to the Norman Creek project, Rio Tinto recently announced it had started early works and a final feasibility study on the Kangwinan project, which includes early works and final engineering studies to increase production capacity at the Amrun bauxite mine. If approved, Kangwinan would increase annual bauxite production capacity from Rio Tinto's Weipa Southern operations, by up to 20 million tonnes, in addition to the current 23 million tonnes, and expand export capacity through the Amrun port. The project was named Kangwinan at the request of Traditional Owners, the Wik Waya people. Production from the Kangwinan project would replace output from the Andoom mine on Cape York and the Gove mine in the Northern Territory, which are both expected to close toward the end of the current decade. First output from the Kangwinan project could be as early as 2029. The Norman Creek investment is expected to be classified as replacement capital and has been factored into the Group's capital guidance. [1] These Ore Reserves were reported in accordance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves, 2012 Edition (JORC Code) and the ASX Listing Rules in a release to the ASX dated 19 February 2025 titled "Mineral Resources and Ore Reserves updates: supporting information and Table 1 checklists" (Table 1 release) which is available at The Amrun Ore Reserves comprise 466 Mt of Proved Ore Reserves @ 54.6% Al2O3 and 8.8% SiO2 and 512 Mt of Probable Ore Reserves @ 54.3% Al2O3 and 9.1% SiO2 for a total of 978 Mt @ 54.4% Al2O3 and 9.0% SiO2. The Competent Person responsible for the information in the Table 1 release that relates to Amrun Ore Reserves is William Saba who is a Member of the Australasian Institute of Mining and Metallurgy (MAusIMM). Rio Tinto confirms that it is not aware of any new information or data that materially affects the information included in the Table 1 release, that all material assumptions and technical parameters underpinning the estimates in the 2024 Annual Report continue to apply and have not materially changed, and that the form and context in which the Competent Person's findings are presented have not been materially modified. Ore Reserves are reported on a 100% basis View source version on Contacts Please direct all enquiries to Media Relations,United KingdomMatthew KlarM +44 7796 630 637David OuthwaiteM +44 7787 597 493 Media Relations,AustraliaMatt ChambersM +61 433 525 739Rachel PupazzoniM +61 438 875 469Bruce TobinM +61 419 103 454 Media Relations,CanadaSimon LetendreM +1 514 796 4973Malika CherryM +1 418 592 7293Vanessa DamhaM +1 514 715 2152 Media Relations,US & Latin AmericaJesse RiseboroughM +1 202 394 9480 Investor Relations,United KingdomRachel ArellanoM: +44 7584 609 644David OvingtonM +44 7920 010 978Laura BrooksM +44 7826 942 797Weiwei HuM +44 7825 907 230 Investor Relations,AustraliaTom GallopM +61 439 353 948Phoebe LeeM +61 413 557 780 Rio Tinto plc6 St James's SquareLondon SW1Y 4ADUnited KingdomT +44 20 7781 2000Registered in EnglandNo. 719885 Rio Tinto LimitedLevel 43, 120 Collins StreetMelbourne 3000AustraliaT +61 3 9283 3333Registered in AustraliaABN 96 004 458 404 Category: General Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
24 minutes ago
- Bloomberg
Trump Eyes 100% Chips Tariff, But 0% for US Investors Like Apple
Donald Trump said he would impose a 100% tariff on semiconductor imports, though would exempt companies moving production back to the United States, as Apple Inc. CEO Tim Cook and the president announced a fresh $100 billion investment plan from the Oval Office. 'We're going to be putting a very large tariff on chips and semiconductors, but the good news for companies like Apple is, if you're building in the United States, or have committed to build, without question, committed to build in the United States, there will be no charge,' Trump told reporters.
Yahoo
an hour ago
- Yahoo
Asian Penny Stocks: 3 Picks With US$300M Market Cap
As global markets navigate through a period of economic uncertainty, driven by renewed trade tensions and fluctuating economic indicators, investors are increasingly looking beyond traditional investments. Penny stocks, often seen as remnants of past market eras, continue to hold potential for those seeking affordability and growth opportunities. These stocks typically represent smaller or newer companies that can offer significant value when backed by strong financials. Top 10 Penny Stocks In Asia Name Share Price Market Cap Financial Health Rating Food Moments (SET:FM) THB4.12 THB4.07B ★★★★★☆ Lever Style (SEHK:1346) HK$1.42 HK$895.95M ★★★★★★ Ever Sunshine Services Group (SEHK:1995) HK$2.04 HK$3.53B ★★★★★☆ TK Group (Holdings) (SEHK:2283) HK$2.42 HK$2.02B ★★★★★★ CNMC Goldmine Holdings (Catalist:5TP) SGD0.535 SGD216.83M ★★★★★☆ T.A.C. Consumer (SET:TACC) THB4.84 THB2.9B ★★★★★★ Yangzijiang Shipbuilding (Holdings) (SGX:BS6) SGD2.63 SGD10.35B ★★★★★☆ Ekarat Engineering (SET:AKR) THB1.00 THB1.47B ★★★★★★ Livestock Improvement (NZSE:LIC) NZ$0.95 NZ$135.23M ★★★★★★ Rojana Industrial Park (SET:ROJNA) THB4.82 THB9.74B ★★★★★★ Click here to see the full list of 978 stocks from our Asian Penny Stocks screener. Here we highlight a subset of our preferred stocks from the screener. Shun Tak Holdings Simply Wall St Financial Health Rating: ★★★★☆☆ Overview: Shun Tak Holdings Limited is an investment holding company involved in property, transportation, hospitality and leisure, and investment sectors across Hong Kong, Macau, the People's Republic of China, Singapore, and internationally with a market cap of approximately HK$2.20 billion. Operations: The company's revenue is primarily derived from its Property segment at HK$3.83 billion, followed by Hospitality at HK$660.02 million, and Investment at HK$147.12 million. Market Cap: HK$2.2B Shun Tak Holdings, with a market cap of approximately HK$2.20 billion, primarily generates revenue from its Property segment at HK$3.83 billion. Despite being unprofitable and having increased losses over the past five years, the company maintains satisfactory net debt to equity at 23.4% and covers short-term liabilities with assets of HK$18.8 billion against liabilities of HK$6.9 billion. Recent board changes include appointing Amelia Yau as an independent non-executive director, enhancing governance with her extensive public accounting experience amid the passing of long-serving director Charles Ho in June 2025. Click here and access our complete financial health analysis report to understand the dynamics of Shun Tak Holdings. Evaluate Shun Tak Holdings' prospects by accessing our earnings growth report. RSXYZ Simply Wall St Financial Health Rating: ★★★★★☆ Overview: RSXYZ Public Company Limited, along with its subsidiaries, operates in the supply and distribution of chemical products in Thailand and has a market cap of THB2.02 billion. Operations: The company generates revenue primarily from its Sim card Electronic Media Distribution segment, which accounts for THB2.30 billion. Market Cap: THB2.02B RSXYZ Public Company Limited, with a market cap of THB2.02 billion, primarily derives revenue from its Sim card Electronic Media Distribution segment amounting to THB2.30 billion. Despite being unprofitable and experiencing a net loss of THB66.27 million in Q1 2025, the company has managed to reduce losses over five years by 0.3% annually and maintains strong liquidity with short-term assets exceeding both long-term and short-term liabilities significantly. Recent board changes include appointing new directors and amending the Articles of Association, reflecting ongoing governance adjustments amidst high share price volatility. Click to explore a detailed breakdown of our findings in RSXYZ's financial health report. Review our historical performance report to gain insights into RSXYZ's track record. CSE Global Simply Wall St Financial Health Rating: ★★★★★★ Overview: CSE Global Limited is an investment holding company that provides integrated industrial automation, information technology, and intelligent transport solutions across the Asia Pacific, the Americas, Europe, the Middle East, and Africa with a market cap of SGD483.06 million. Operations: The company's revenue is primarily derived from three segments: Automation (SGD194.36 million), Communications (SGD232.04 million), and Electrification (SGD434.78 million). Market Cap: SGD483.06M CSE Global Limited, with a market cap of SGD483.06 million, shows financial stability with short-term assets exceeding both long-term and short-term liabilities. The company has improved its debt-to-equity ratio from 58.5% to 50.6% over five years, indicating prudent financial management. Despite experiencing a decline in earnings by 5.4% annually over the past five years, recent growth of 16.9% suggests positive momentum surpassing industry averages. However, the dividend yield of 3.56% is not well covered by free cash flows, raising sustainability concerns. Recent board changes include appointing Ravinder Singh as Non-Executive Non-Independent Director to enhance strategic oversight. Take a closer look at CSE Global's potential here in our financial health report. Gain insights into CSE Global's future direction by reviewing our growth report. Make It Happen Get an in-depth perspective on all 978 Asian Penny Stocks by using our screener here. Searching for a Fresh Perspective? Outshine the giants: these 20 early-stage AI stocks could fund your retirement. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include SEHK:242 SET:XYZ and SGX:544. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
