- “The conduct of the Big Five leaves a lot to be desired in the management of conflicts, trade agreements and in financial grants.” There has been an explosion in the number of conferences in Africa over the last 12 months. While the diary was always busy, it seems like anyone not engaging with or…
- I overheard this statement once and I think it’s one of the strangest myths around Zillennials (apart from us needing coffee to cope) – the myth is that we think we’re too young to be investing. Now, if that sounds very familiar and it resonates with you, from one Zillennial to another, it’s a must…
- TOPLINE Microsoft CEO Satya Nadella said that Microsoft can’t compete with Google and that the search engine’s market share is so large the internet has basically become the “Google web” Monday during more than three-and-a-half hours of testimony in Google’s antitrust trial, according to multiple…
- #ADecadeofUnder30 It’s that time of the year when anticipation gives way to excitement as FORBES AFRICA prepares to welcome and honor, yet again, the next cohort of young innovators, influencers and intellectuals taking the continent by storm. Marking 10 years of the FORBES AFRICA 30 Under 30 list…
- Without wanting to stimulate undue concern, businesses should seriously consider the potential of future pandemic outbreaks and build up their operational resilience. This is a strong message from Carla Jordan, CEO of corporate underwriter, Emerald, an underwriting managing agent within Santam…
- TOPLINE Tesla CEO Elon Musk took to X to scrutinize a German humanitarian group conducting a rescue operation in the Mediterranean Sea, suggesting such operations and their transport of rescued immigrants to Italy are a violation of the country’s sovereignty. KEY FACTS The video was posted by a…
- Lawyer and Founder of Law City, Dorothy Adu-Mfum tells FORBES AFRICA about what it means to her to be able to help others gain access into what is widely seen as an incredibly exclusive industry. There’s an informal but rather well-known term given to the top five prestigious law firms in the…
- South Africa has descended in rankings in the Organized Crime Index (OCI), published by the Global Initiative against Transnational Organized Crime (GI-TOC) this week. The latest OCI rankings place South Africa as the seventh most vulnerable nation to organized crime globally, a steep fall from its…
- The Nigerian naira has plummeted, alarming experts who suggest to us measures that may be used to address the situation. The Nigerian naira has reached an all-time low, with the exchange rate hitting ₦1,005 to $1 in the parallel market, according to FORBES AFRICA’s latest findings. This…
- A new deal between Hollywood studios and writers will for the first time require streamers like Netflix, Hulu and Disney+ to report viewership numbers of original and syndicated content, shining a light on what experts have called a “black hole” of information that has allowed companies to largely…
- Sustained crisis’. I came across this terminology in a Harvard Business Review article recently, and it immediately struck a chord with my struggles running my company and also with what I see in the world around me. The Covid-19 pandemic was a global crisis that came out of the blue, and we were…
- TOPLINE OpenAI, the artificial intelligence company that created ChatGPT, is in discussions about a potential share sale that would value it at $80 to $90 billion, according to the Wall Street Journal—about three times what it was valued in January, as the AI race heats up. KEY FACTS It’s expected…
- One of the first words that spring to mind when people think of Africa is ‘sun’. No wonder. Africa is blessed with more sunshine than any other continent on earth. The future, however, could be much brighter. That’s because the sun is set to become one of the biggest energy sources for the world.…
- Zoleka Mandela, granddaughter of South Africa’s first democratically-elected President Nelson Mandela and his second wife Winnie Mandela, passed away on Monday evening after a long battle with cancer. The family released a statement saying she was surrounded by friends and family and that “recent…
- Cloud-literate employees are increasingly needed across every industry. In an exclusive interview, Amazon Web Services’ commercial sales lead for sub-Saharan Africa tells us how they want to fast-track this objective. And the one area the company is focused on is startups. Amazon Web Services (AWS…
- TOPLINE Spotify will start using artificial intelligence to translate podcasts into other languages, the company announced Monday as part of a partnership with OpenAI, as Spotify becomes the latest to use generative AI for its products. KEY FACTS Spotify announced Monday that it is releasing a…
- President Bola Tinubu recently rang the closing bell at the NASDAQ stock market, signaling a new era of opportunities for foreign investment in Africa’s economic powerhouse. We spoke exclusively with Scott Eisner, President of the US Chamber of Commerce’s US-Africa Business Center. In New York…
- TOPLINE Sold out iPhone 15 pre-orders and long queues in cities around the world signaled the launch of Apple’s latest iPhone Friday—more than a month after the company reported its third straight quarter of declining sales. KEY FACTS Lines formed in New York, Dubai, Shanghai and other cities for…
- Barely two years after his first sip of wine, Joseph Dhafana was head sommelier at the iconic La Colombe restaurant in Cape Town and began to explore making his own wine. His Mosi Wines and Spirits is a household name today. “We can’t all be actors or artists to tell our stories but I chose […]
- Hydrogen powered fuel-cell electric vehicles (FCEVs) are extremely rare. BMW plans to bring a small fleet of iX5 Hydrogen cars to South Africa in 2024 to gauge interest with government representatives, thought leaders and potential customers. We got a sneak preview of the car at the IAA Mobility…
- TOPLINE Paxlovid—Pfizer’s antiviral Covid-19 treatment—is 37% effective at preventing hospitalization or death in high-risk patients compared with no treatment, according to a study published Thursday in the JAMA Network Open, well below the 88% effectiveness rate Pfizer and regulators reported in…
- South Africa remains resolute in hosting the AGOA summit despite prior tensions with the US. The upcoming event, slated for November, signifies renewed commitment to strengthen trade ties. South Africa’s call for a decade-long AGOA extension underscores the pivotal role this partnership plays in…
- TOPLINE Adidas CEO Bjorn Gulden said in a recent podcast interview that he doesn’t think rapper Ye, formerly known as Kanye West, “meant what he said” about Jewish people last year, adding he doesn’t think Ye is “a bad person, it just came across that way.” KEY FACTS When asked about what happened…
- TOPLINE Six Palestinians were killed by Israeli forces and dozens more injured during three separate incidents in the occupied West Bank and Gaza Strip over the past 24 hours, the Palestinian Ministry of Health told CNN—incidents that come during a controversial meeting between Israeli Prime…
- TOPLINE A drought in Spain, record-high temperatures and a pause in Turkish exports have driven prices of Spanish olive oil to a record high of $8,900 per ton this month, and there’s no clear indication as to when they’ll fall. Extreme hot weather and persistent drought conditions have dealt a…
- It’s a new world out there, and businesses are looking for ways to create value and enable growth. That’s where Google Cloud comes in. Geopolitical uncertainty, high inflation and low economic growth are shifting corporate priorities, and with them, business’ expectations with regard to the cloud:…
- Riding through its past grandeur, this writer photographed several monumental buildings but missed the city as it appears in old wood prints and paintings. Leaving Dakar, Senegal’s capital and largest city, by taxi, I was excited to visit the World Heritage City of Saint-Louis four hours away. The…
- Nigeria’s economic growth has faced a significant slowdown, with its Gross Domestic Product (GDP) growing at just 2.51% year-on-year in the second quarter of the year. This rate is notably lower than the 3.54% recorded during the same period in 2022. As the country grapples with challenging…
- From smoothly written scam texts to bad actors cloning voices and superimposing faces on videos, generative AI is arming fraudsters with powerful new weapons. “I wanted to inform you that Chase owes you a refund of $2,000. To expedite the process and ensure you receive your refund as soon as…
- Albert Einstein once said, “We cannot despair of humanity, since we ourselves are human beings.” Einstein’s words deeply resonated with me as I pondered Africa’s human capacity. The continent’s population, particularly its youth, are arguably a vital but often untapped resource in Africa’s story.…
- OpenSea, once the leading marketplace for non-fungible tokens, was built on a promise of perpetual royalties for digital artists. Then came upstart Blur, whose no-fee, trader-friendly platform put the focus on pricing and costs. It only took a few months to kill the art world’s utopian dream of…
- A new wave of innovation is rising on the African continent, where startups are leveraging AI to address local challenges, fueling sustainable growth, and forging a path for others to follow. The AI industry on the continent is expanding rapidly, with reportedly over 2,400 companies specializing in…
- Micro-X is developing an automated screening process that could save time and minimize stress, but it’s likely to be expensive. Inan industrial park near Seattle’s airport, an Australian company called Micro-X is developing a system that could make air travelers’ dreams come true: speedy security…
- Analyzing the rapid rise of artificial intelligence (ai), its impact across sectors with a special focus on innovations and ai startups in africa, and the need for mindful navigation in shaping ai’s future landscape. The last three years have witnessed an unprecedented symphony of development and…
- The tech behemoth’s latest iPhone features a new USB-C charging port and titanium frame for its higher-end models. Apple has unveiled the iPhone 15, with the base models 15 and 15 Plus priced at $799 and $899 respectively, in its most anticipated product event of the year. The higher-end 15 Pro and…
- Packages containing rifle parts hidden inside George Foreman Grills also contained Apple’s dime-sized location tracker, investigators say. In November last year, Customs and Border Protection intercepted a package en route from Illinois to Israel. It contained a George Foreman Grill — innocuous…
- In a world where women continue to make their mark across diverse fields, Nutun’s recent Women’s event served as a powerful reminder that empowerment is not just a concept but a way of life. By embracing challenges, supporting one another, and nurturing our innate potential, women are propelling…
- The electric vehicle industry in South Africa refuses to be a laggard and moves ahead as top brands plan roll-out. South Africa’s ‘Auto Green Paper On The Advancement Of New Energy Vehicles (NEVs)’ was meant to be finalized in October 2021. Despite being more than half- way into 2023 with no…
- TOPLINE Apple and Nvidia stocks tanked for the second consecutive trading session Thursday, a rare down stretch for the Silicon Valley titans this year fueled by concerns about each of their explosive sales. KEY FACTS Apple shares slipped 3.4% by 2:25 p.m. Eastern time after Bloomberg reported…
- TOPLINE The Food and Drug Administration gave its approval for emergency use Monday to new updated Covid-19 vaccines from Pfizer-BioNTech and Moderna that are specially designed to protect against the latest dominant strain of the coronavirus, Omicron variant XBB.1.5—the latest effort of drugmakers…
- TOPLINE The death toll from extreme flooding in Libya over the weekend is estimated to be at least 250 by the Red Crescent of Benghazi, though one of the country’s officials said thousands could be dead from the catastrophic storm, reports say. KEY FACTS The Red Crescent told Reuters on Monday…
- Global rating agency Moody’s has upgraded Rwanda’s outlook to stable from negative, citing its positive assessment that the country’s effective institutions and credible policies have preserved and will continue to anchor the government’s credit profile in response to shocks. “Moody’s expects the…
- In a historic stride, the AU attains full membership in the G20 intergovernmental forum, a development announced at the G20 Summit in New Delhi, giving the Global South more voice and unity. In a seminal move for global economic and diplomatic progress, the African Union (AU) has officially been…
- TOPLINE At least 2,000 people were killed by a magnitude 6.8 earthquake in Morocco—the country’s deadliest in 60 years—that toppled buildings and caused widespread damage southeast of Marrakesh, officials in Morocco confirmed Saturday night, as the region deals with a magnitude 3.9 aftershock. KEY…
- In a significant development for Africa’s digital landscape, Lagos-based Itana, formerly known as Talent City, has announced that it secured $2 million in pre-seed funding. The investment is led by backers, including LocalGlobe, Amplo, Pronomos Capital and Future Africa, marking a step toward…
- South Africa’s government has concluded its exhaustive investigation into the Lady R incident, an episode that sent shockwaves through the nation and sparked international scrutiny. The final report, released recently, sheds light on the events surrounding the mysterious docking of the Russian…
- Over the past two decades, Nigeria’s banking sector has undergone a remarkable transformation, with technological advancements reshaping customer interactions and touchpoints. Today, the number of youths visiting bank branches can be counted on a single hand, as social media platforms have become…
- Apple spent years trying to design a system that would stop the spread of child sexual abuse material on iPhones and iCloud. When the company scrapped it, key members of the team behind the project left and child protection investigators were frustrated. But Apple’s privacy-first approach gained…
- In a somber announcement, South African retail giant Pick n Pay shared the news that its founder Raymond Ackerman has passed away at the age of 92. Ackerman, a retail legend and visionary entrepreneur, not only left an indelible mark on the business landscape but also touched the hearts of many as…
- TOPLINE Google plans to require verified election advertisers to make “clear and conspicuous” disclosures when their advertisements contain AI-generated content, according to a blog post from the tech giant, which will institute the changes as artificial intelligence becomes more commonplace in the…
