- Portuguese coach Pedro Gonçalves has developed Angola as a force in African football. Angola will enter rare uncharted waters as they return to the COSAFA Cup as defending champions when the 2025 tournament gets under way in the South African city of Bloemfontein on Wednesday. Coach Pedro Gonçalves…
- Africa stands at the intersection of creative richness and untapped economic potential. Despite a global creative economy valued at almost $2.3 trillion annually, according to UN Trade and Development (UNCTAD), Africa’s film and audio-visual industries generates $5 billion yearly and employs…
- The South African Reserve Bank (SARB) Monetary Policy Committee (MPC) has voted to cut the country’s interest rates by 25 basis points to 7.25%. In addition to this, SARB Governor Lesetja Kganyago said the inflation target should be dropped to 3%, rather than the current 3% to 6% range. The rate…
- In 1989, at the age of 11, I crossed a border that would change my life. My family fled Bulgaria during a period of forced ethnic assimilation, leaving behind everything we knew and arriving in Turkey as refugees, with only two suitcases to our name. But out of that humble beginning, we built…
- African footballers have generally provided excellent value for money for the elite clubs across Europe, but this has not always been the case, with one notable exception. FORBES AFRICA lists notable transfers in history involving African players, and how they panned out. 10. Hakim Ziyech Ajax…
- Topline Elon Musk said his stint as a “special government employee” heading the Department of Government Efficiency (DOGE) has come to an end Wednesday, a month after the Tesla CEO told company shareholders he would cut back on his work with the government and allocate “far more” time to running…
- Sidi Ould Tah’s pitch to the African Development Bank (AfDB) shareholders centered on scaling climate-resilient infrastructure, formalizing Africa’s vast informal sector, and creating opportunities for the continent’s massive youth population. Mauritania’s development financier and head of the Arab…
- The country is turning its vast natural gas reserves into a national engine for growth, using smart policy, local enterprise, and ambitious infrastructure to power homes, fuel industries, and redefine its place in the global energy map. Nigeria has long sat atop a wealth of natural gas, with over…
- Artificial intelligence (AI) is transforming industries, from healthcare and finance to education and climate science, fundamentally re-shaping how we approach complex problems and innovate. However, this transformative progress comes at a dual cost—substantial financial expenditures and…
- From West Africa, shea butter is powering a global market worth billions. An industry in transition, women built it, and now men are racing to scale it. Can the sector grow without leaving its original stakeholders behind? In 2016, Richard Akanmode was discussing new ways of investment with an…
- South African President Cyril Ramaphosa called his White House meeting last week with U.S President Donald Trump a “successful working visit” in an open letter to the nation on Monday. The stakes were high as Ramaphosa, alongside several government officials, and South African business tycoon…
- Topline The Trump administration has paused interviews of new student visa applicants as it weighs a social media vetting rule, Politico reported—the latest indicator President Donald Trump could be eyeing a broad expansion of his ban on international students at Harvard. Key Facts Secretary of…
- It was 1849. European power at its zenith. French writer Jean-Baptiste wrote, “The more things change, the more they stay the same.” Deglobalization as a term has gained much currency lately. The mythical era of solidarity and peace has apparently ground to a rude halt. Xanadu has disappeared, we…
- Of the 28 films reviewed by the jury, unanimous praise was reserved for the one set in Nigeria’s commercial capital, Lagos. At the 78th Cannes Film Festival, My Father’s Shadow by Nigerian director Akinola Davies Jr. earned Nigeria its first-ever Special Mention for the Caméra d’Or (Golden Camera…
- Topline Elon Musk called for “major operational improvements” for X on Saturday after the platform experienced a host of issues with its app and desktop website Saturday, marking the latest outage of services after the platform said it was still being impacted by a data center outage from earlier…
- There is another Rugby World Cup on the immediate horizon, but this time one where South Africa will be in the shadows rather than among the fancied competitors. That probably suits the women’s team just fine, as they look to the tournament in England, from August 22-September 27, to affirm quiet…
- Africa Day 2025 is celebrated annually on May 25 commemorating the founding of the Organization of African Unity (OAU) in 1963 by 33 African nations, a body which transformed into the African Union in 2002. The AU now stands as a 23-year-old institution striving to realize the pan-African vision of…
- Egypt versus South Africa. North versus South. Pyramids FC and Mamelodi Sundowns are moments away from CAF Champions League final kick-off, the biggest game in African club football. “This final is a significant moment not just for the two clubs involved but for African club football as a whole. It…
- Bitcoin soared to a record-high of $111,944 on May 23, just days before the Bitcoin 2025 conference prepares to make history. Set to take place in Las Vegas from May 27 to 29, Bitcoin 2025 will reportedly be the world’s largest-ever Bitcoin event with 30,000 attendees, and 500 speakers. Several…
- The Nigerian city saw a 11.6-fold increase in enterprise value, reaching $15.3 billion and producing five unicorns, placing it ahead of 287 cities across 69 countries. Lagos, Nigeria’s commercial capital, has emerged as the world’s number one rising star in tech, according to a new Global Tech…
- Topline Harvard University filed a lawsuit against the Trump administration Friday, less than 24 hours after the Department of Homeland Security blocked the university’s ability to enroll international students, marking the institution’s second federal lawsuit against the administration as their…
- Topline Footwear and apparel titan Nike will soon increase prices on some of its products, according to multiple outlets, issuing the price hikes as President Donald Trump’s sweeping tariff policy impacts the larger retail industry—though the company did not directly blame the levies for the price…
- With strategic collaborations, targeted funding, and growing investment in science, Africa holds immense potential in spearheading the future of global healthcare. Among those taking the lead to develop a cure for HIV, through these partnerships, and with millions in investment through the Ragon…
- South African billionaire-entrepreneur Johann Rupert, present with President Cyril Ramaphosa at the White House, came to his rescue during a tense Oval Office exchange on Wednesday. As U.S. President Donald Trump coordinated proceedings, bringing forth articles and videos on alleged White genocide…
- One of the youngest coaches of a professional team, 28-year-old Frenchman Alexandre Lafitte led the Stade d’Abidjan football club in the Ivory Coast to victory on Sunday. Stade d’Abidjan ended their 56-year wait to win the domestic league in the Ivory Coast on May 18… and their triumph was…
- Topline President Donald Trump insisted to South African President Cyril Ramaphosa Wednesday that white farmers in his country were being killed and their land seized, fueling a false narrative of a “genocide” in yet another extraordinary Oval Office showdown with a world leader. Key Facts Trump…
- South Africa’s Finance Minister Enoch Godongwana delivered a revised version of the 2025 Budget Speech in Parliament on Wednesday, the third iteration this year, following internal disputes over a controversial proposal to raise the country’s Value Added Tax (VAT). The speech comes after weeks of…
- In 2024, a group of Australian researchers (Boafo et al.) asked a pertinent question: “The race for critical minerals in Africa: A blessing or another resource curse?” The continent is abundant with natural resources, but this has often been to our detriment. As the African Development Bank (AfDB)…
- The move reflects a cautious approach as inflation slows and macroeconomic indicators begin to stabilize in Africa’s former largest economy, according to analysts. Nigeria’s central bank held its benchmark interest rate unchanged at 27.5% on Tuesday, marking the second pause this year following a…
- Key Facts Crucial Quotes “President Ramaphosa will meet with President Donald Trump at the White House in Washington DC to discuss bilateral, regional and global issues of interest,” said the office of South Africa’s presidency in a statement last Wednesday. Dr Lumkile Mondi, economist and senior…
- “The season is going to blow your mind,” Connie Ferguson tells FORBES AFRICA a month before the release of the long-awaited Netflix South African drama series, Kings of Joburg. “I think at the core, Kings of Joburg is about family,” adds the popular South African actor, filmmaker, producer and…
- Topline All three major U.S. stock market indexes rose Monday afternoon, following an earlier selloff sparked by long-dated Treasury yields surpassing the 5% mark after the financial ratings agency Moody’s downgraded the U.S. government’s credit rating late last week, citing rising debt and…
- Min-soo and Ji-young Kim are 67 and 65 years old respectively. They live in Incheon, South Korea. They don’t have children. They never felt like they could afford them. Both were lucky enough to work through the AI revolution of the 2030s. Min-soo as a logistics coordinator and Ji-young as a care…
- The continent has great potential in the global electric vehicle (EV) battery value chain. But is its automotive industry ready to lead a future where African-made batteries power locally-assembled EVs? For the first time in its 31-year history, the Investing in African Mining Indaba saw the…
- Opportunities abound in South Africa’s vintage car market. It’s like a treasure hunt, with some incredibly rare classic vehicles scattered across the continent, sometimes in the most remote villages. If you’ve ever driven past an old Mercedes-Benz rusting in a field, or spotted a forgotten VW Kombi…
- Artificial intelligence (AI) is no longer a futuristic concept in today’s hyper-connected and fiercely competitive global landscape. It is overhauling even the bedrock of business operations. Pricing, once the carefully-guarded territory of economists, marketing experts, and strategists, is now…
- Pet-parents can rest easy: thanks to AI, pet technology is being rewritten with smart wearable tools and services emerging–tailored to each pet’s needs–to understand and care for them better. “These come in handy for raising alerts when something needs a pet parent’s attention.” – Andrey Klen…
- Alan and Renée Friedland are in the panel-beating business, but three lions changed their story. By day, Alan and Renée Friedland run a panel-beating business in Johannesburg, South Africa. But in their spare time, they’re rescuing lions, cheetahs and other animals, while creating one of South…
- As the African Development Bank (AfDB) prepares to elect its 10th president this month, its shareholders should seize the strategic opportunity of naming a woman to fill this critical post. The AfDB plays an important role in support of economic and social development in 54 African countries, with…
- As an entrepreneur, or even otherwise, are you looking to build a very basic website? The tools: You don’t have to use ChatGPT, you can also use Grok, Claude, Gemini or Copilot. The prompt: Please help me build a basic website ‘About Me’ page. I have never done this before, so kindly provide me…
- One of the country’s most favorite exports is grounded in its roots. The reddish-brown rooibos is being sipped around the world, and could soon have a unique use in petrol stations. “Drinking rooibos tea could then be something that individuals can do to look after their own health if they are…
- At university, students are often encouraged to pursue internships or work experiences closely aligned with their field of study. Gaining real-world experience in a relevant business setting seems like an ideal way to prepare for a career. From a business perspective, internships offer a chance to…
- Topline President Donald Trump met with Syrian President Ahmad al-Shara in Saudi Arabia on Wednesday, a day after announcing plans to lift U.S. sanctions on Syria, offering a significant boost to the country’s new leadership as it attempts to shore up international support after a nearly a decade…
- The mobile internet gender gap in sub-Saharan Africa continues to shrink, falling from 36% in 2022 to 29% in 2024, according to the Mobile Gender Gap Report 2025 published today by the GSMA, a global organization unifying the mobile ecosystem. This marks the second consecutive year of progress in a…
- In discourse about technological adoption and revolution, the piles of old monitors, phones, cables, mouses, and keyboards are often forgotten. With every new phone or laptop release, thousands of devices and their accompanying attachments are discarded without much thought. As Annie Leonard, the…
- The lithium-manganese-rich cell, developed with LG Chem, uses far less cobalt and nickel than current lithium-ion cells. It’ll be produced in the U.S. and show up in large pickups and SUVs in 2028. General Motors, which sells the biggest lineup of electric vehicles in the U.S., plans to slash the…
- South Africa’s workforce contracted in the first quarter of 2025, as unemployment continued to climb, heightening economic concerns. According to Statistics South Africa’s latest Quarterly Labour Force Survey (QLFS), the number of unemployed persons rose to 8.2 million, a 237,000 increase from 2024…
- The World Bank estimates that for Nigeria to achieve its ambition of becoming a $1 trillion economy by 2030, it would need to grow five times faster than its current pace. Nigeria’s economy expanded by 4.6% year-on-year in the final quarter of 2024, pushing annual growth to 3.4%—its fastest pace in…
- Topline The White House announced it has lowered the tariff rate charged for small and low-value packages shipped from China from 120% to 54%—which could provide some relief to e-commerce platforms like Shein, Temu and AliExpress—after the two countries announced plans to cut back tariffs on each…
- Starting with a $38 computer, they amassed over 50,000 downloads in the first five months. Where there is a will, there is a way, even if it’s inalittle village in South Africa’s Limpopo province. Childhood friends Shibambu Mikhongelo Marvel (22) and Malunghelo Mathonsi (25) are defying the odds…
