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- Olushola Medupin wanted to stay away from the food business but now has a growing array of upscale restaurants selling West African cuisine in some of the world’s most dazzling cities. For Olushola Medupin, his passion for food was a gift passed down generations, like a prized heir- loom. His…
- TOPLINE Shares of Google parent firm Alphabet fell 3% to a 2024 low on Thursday, after OpenAI launched a test version of SearchGPT, a new artificial intelligence-powered search engine to be implemented into ChatGPT that could enter OpenAI into an internet search market dominated by Google. KEY…
- Leadership is a very precise balancing act. American statesman Teddy Roosevelt is said to have once argued, “The best executive is the one who has sense enough to pick good men to do what he wants done, and self-restraint to keep from meddling with them while they do it.” This is one aspect of the…
- TOPLINE Higher levels of belly and arm fat may increase the risk of neurodegenerative diseases like Alzheimer’s and Parkinson’s, while high muscle strength may decrease this risk, new research suggests, the latest study to explore the link between body composition and brain degeneration. KEY FACTS…
- The intervention placed emphasis on the need for cooperation and collaboration among all stakeholders to address concerns. The Nigerian government has stepped in to address concerns surrounding the Dangote Refinery, following accusations of monopolistic practices. “All parties involved demonstrated…
- AFRICA’S MEDAL HOPEFULS AT THE 2024 OLYMPIC GAMES. Africa will be striving to come back from the Paris 2024 Olympic Games with precious metals in their pocket in the form of gold, silver and bronze. The Games will be staged from July 26 to August 11 and among the 10,500 athletes taking part, there…
- TOPLINE Google parent Alphabet came in above Wall Street’s lofty expectations in its second-quarter earnings report released Tuesday afternoon, as the internet behemoth continues to rake in tens of billions of advertising dollars. KEY FACTS Alphabet’s $84.7 billion of second-quarter revenue was…
- Africa too can proudly claim to be a source of caviar, one of the world’s greatest indulgences. Being farmed in the favorable climate and terroir of Madagascar are some very expensive fish eggs – a first for the continent. Madagascar is known rich biodiversity, and in culinary terms, it is mostly…
- TOPLINE The use of GLP-1 medications like semaglutide for weight loss has increased twofold over the past decade, but declined in use among type 2 diabetics, according to a new study, and the researchers warn the resulting and ongoing drug shortage may limit diabetics’ access to the drugs. KEY…
- From fintech to foodtech solutions; from beauty brands to biotech infusions, FORBES AFRICA’s inaugural list of Small Giants across Africa showcases the tenacity of homegrown businesses and their impact on the communities they serve. Their pan-African CEO-founders and leaders are making giant…
- TOPLINE Foreign betting markets believe Vice President Kamala Harris is in pole position to become the Democratic nominee for the 2024 election, while former President Donald Trump’s odds of winning the presidency in November took a slight hit Monday—though he remains bookmakers’ favorite with a…
- TOPLINE President Joe Biden announced Sunday he will end his 2024 presidential campaign, saying he believes “it is in the best interest of my party and the country to stand down.” KEY FACTS Biden stepped down after more than three dozen Democrats in Congress urged him to do so, and after a flurry…
- Stellenbosch University’s Clive Gray receives the Harry Oppenheimer Fellowship Award, advancing his pioneering research on the effects of long-term antiretroviral treatment in HIV-positive mothers, shedding light on its link to premature births. In a groundbreaking study, Professor Clive Gray of…
- TOPLINE Microsoft and the cybersecurity firm CrowdStrike have issued fixes for the global outage impacting computers running the Windows operating system, though issues still linger as the outage has forced major airlines to ground flights, disrupted television and put banking services offline. KEY…
- TOPLINE A German man appears to have been cured of HIV after he received a first-of-its-kind stem cell transplant procedure nearly a decade ago, according to findings announced Thursday, as researchers say he is probably the seventh person worldwide to be cured of the virus affecting tens of…
- TOPLINE With companies like OpenAI, Google and Meta dropping increasingly sophisticated artificial intelligence products, crowdsourced rankings have emerged as a popular—and virtually only practical—way of determining which tool works best, and LMSYS’s Chatbot Arena has become possibly the most…
- The informal economy in Nigeria is vast, with enterprises ranging from market traders and street vendors to roadside mechanics and home-based artisans. These businesses operate outside formal regulatory and tax systems, yet they are vital to the economy, providing jobs and fostering innovation.…
- TOPLINE Women diagnosed with endometriosis may have a “markedly increased” risk of developing ovarian cancer compared to women without the disease, according to a study published Wednesday in the JAMA Network, following years of speculation about whether the two diseases are linked. KEY FACTS…
- Jasmine Paolini, the first Italian player in the Open Era to reach the Round of 16 in each of the first three Women’s Singles Grand Slam events of a season, is of Ghanaian heritage. This year, the 28-year-old tennis star made history by advancing to the fourth round at Wimbledon, a tournament with…
- Dibakar Das Roy explores sensitive issues of race, color and Identity in his first feature film set in New Delhi starring Nigerian actor Samuel Abiola Robinson. You know, there’s a lot of common space that can be explored,” says Dibakar Das Roy, writer-director of the Indianfilm, Dilli Dark, that’s…
- TOPLINE Apple tallied yet another all-time high share price Monday after a pair of investment firms meaningfully hiked their price targets for the stock, the latest positive push for Apple stock ahead of the hotly anticipated release of generative artificial intelligence iPhones. KEY FACTS Apple…
- TOPLINE An assassination attempt on former President Donald Trump has led to increased calls for protection of presidential candidates, an investigation into the Secret Service’s rigor and pleas from leaders on both sides—including President Biden, during a Sunday Oval Office address—to abandon…
- Lagos-based designers and artisans handcrafted and dyed over 200 outfits for the opening ceremony. Actively Black, a Black-owned athletic apparel company, is the official outfitter for the Nigerian delegation at this year’s Olympics, set to take place from July 26 to August 11 in France. This…
- TOPLINE Former President Donald Trump was escorted off stage by Secret Service during an incident at a Pennsylvania rally Saturday that left him bloodied—and one rally attendee and the alleged shooter are both dead—though Trump’s campaign has said the former president is fine. KEY FACTS The rally…
- Inspired by the city of Timbuktu in Mali, the timbuktoo initiative aims to spur the growth of entrepreneurial ventures across Africa. “…there is no shortage of capital in the world. The issue is that it is not flowing towards the businesses and startups in the location where it is needed the most…
- Elevating the potential of the small-scale mining industry and spearheading diversification efforts in the mining sector, MIIF is transforming Ghana’s mineral wealth into economic growth. “We are one of the fastest-growing soverign wealth funds in the world.” Edward Nana Yaw Koranteng, CEO of…
- From fintech to foodtech solutions; from beauty brands to biotech infusions, FORBES AFRICA’s inaugural list of Small Giants across Africa showcases the tenacity of homegrown businesses and their impact on the communities they serve. Their pan-African CEO-founders and leaders are making giant…
- A randomized controlled trial published in the leading academic journal Nature finds two days of working from home improved job satisfaction and reduced turnover when compared to those working in offices five days a week. The long-simmering debate over whether remote work hurts productivity or…
- TOPLINE Price increases are headed for Xbox Game Pass users alongside the inclusion of a new tier for the subscription service, creating key price differences between Xbox and rival gaming platform PlayStation that mark the latest price hike amid increasingly expensive subscription plans within the…
- Despite the overall funding decline, a significant portion of investments was directed towards climate tech, which accounted for 45% of all startup funding in Africa this year. Experts offer more insights. Fintech, while second in total amount raised, had the most startups securing $1 million or…
- TOPLINE Samsung Electronics’ unionized workers in South Korea announced an indefinite strike on Wednesday to step up their campaign for a pay raise—in a move that could impact global chip supplies. KEY FACTS The National Samsung Electronics Union said the decision to go on an indefinite strike was…
- TOPLINE A class of diabetes and weight loss drugs that includes Novo Nordisk’s Ozempic and Eli Lilly’s Mounjaro could also help protect against a variety of cancers, according to new research published Friday, adding to mounting evidence the injections offer numerous additional health benefits as…
- Ireland has terminated visa-free travel from South Africa and Botswana, the country’s Justice Minister Helen McEntee announced yesterday. The application of the new requirements removes Ireland as one of the last visa-free travel destinations for South African citizens in Europe. This move comes…
- TOPLINE Boeing has agreed to plead guilty to a fraud conspiracy charge in a deal with the Justice Department to avoid facing trial in a federal criminal case linked to deadly crashes involving two 737 Max planes that killed 346 people in 2018 and 2019. KEY FACTS In a court filing late on Sunday,…
- “For the first and second legs I was the second engineer and on the third and last leg, I was chief engineer.” South African sailor Vuyisile Jaca recently completed the most extraordinary journey around the world and created history that was notable enough to earn an audience with the Queen of…
- Africa’s richest man Aliko Dangote and other members of a new 31-member economic council will meet and report monthly to Nigeria’s President, who has presented an emergency plan for the next six months. Aliko Dangote, President of the Dangote Group, expressed optimism about Nigeria’s economic…
- TOPLINE Khabane “Khaby” Lame, a TikTok user known for his videos silently mocking absurd “life hack” clips, is the most followed TikToker through the first half of this year with over 162 million followers—putting him about 7 million over second-place Charli D’Amelio. KEY FACTS Lame—who was named…
- The Space Exploration & Research Agency (SERA) has partnered with Nigeria’s National Space Research and Development Agency (NASRDA) to send a Nigerian astronaut aboard Blue Origin’s New Shepard suborbital rocket. SERA’s initiative aims to enhance representation in space exploration, welcoming…
- TOPLINE Netflix and the streaming services of NBC, Paramount Global and Warner Bros. Discovery have all increased paid U.S. subscribers to their services so far this year, a feat four other major streamers failed to achieve amid a contentious war for paid viewers that only continues to intensify as…
- From fintech to foodtech solutions; from beauty brands to biotech infusions, FORBES AFRICA’s inaugural list of Small Giants across Africa showcases the tenacity of homegrown businesses and their impact on the communities they serve. Their pan-African CEO-founders and leaders are making giant…
- TOPLINE Lettuce and eggs have seen the highest price increases among all food and drink items through the start of 2024, according to the latest six-month data from the Bureau of Labor Statistics, while citrus fruits have plummeted in price after recovering from a tough 2023. KEY FACTS Lettuce…
- The largest economy in the West African Economic and Monetary Union (WAEMU) is set to boost its oil production by 2027, driven by new oil and gas finds in the Baleine and Calao offshore fields. The President of Ivory Coast, Alassane Ouattara, recently announced to a joint session of parliament that…
- TOPLINE British Pharma giant GSK said on Wednesday it will pay as much as $1.5 billion to take control of several mRNA vaccines from vaccine developer CureVac, sending shares of the struggling German biotech soaring during premarket trading and strengthening the British drugmaker’s vaccine…
- Zanzibar Multipurpos Terminal is enhancing port efficiency, fostering economic growth, and facilitating trade expansion. Nicolas Escalin, the General Manager of Zanzibar Multipurpose Terminal (ZMT), embodies a wealth of experience and dedication to fostering maritime excellence. With a journey that…
- The numbers are in.The sales of electric vehicles (EV) declined globally in the fi rst quarter of 2024, according to auto majors Volkswagen (VW), Mercedes-Benz (MB), and Tesla. However, the BMW Group has reported growth in the same period.VW reported a 3% drop, while MB reported an 8% decline in EV…
- Elon Musk holds onto the top spot while the world’s biggest philanthropist, Warren Buffett, slips to No. 10, after yet another big summer donation. Legendary investor Warren Buffett disclosed in late June that he gave away Berkshire Hathaway shares worth some $5.3 billion. That plus a slight dip in…
- Zanzibar Ports Corporation is redefining maritime activities in Zanzibar. In Tanzania’s dynamic maritime scene, Zanzibar Ports Corporation (ZPC) stands out as a light of growth and efficiency, driving the development and operation of critical port services in the area. Akif Ali Khamis, ZPC’s…
- Chasing the world that might have been, Africa’s progress and race to the 2030 goals. In 1980, 35 years after the formation of the United Nations (UN), the Ghanaian philosopher Kwasi Wiredu warned that “unrestricted industrial urbanization is contrary to any humane culture; it is certainly contrary…
- We often read the statistics around unemployment in South Africa and the challenges we face with regard to creating sufficient jobs. Although large corporations have a significant impact due to their scale, it is local businesses that are key to the success of our economy, providing 60% to 70% of…
- TOPLINE Pixar’s standout summer hit “Inside Out 2” crossed the $1 billion milestone Sunday, the first film to gross 10 figures globally since “Barbie” last summer and the fastest an animated film has ever crossed the threshold. KEY FACTS “Inside Out 2” reportedly grossed another $57.4 million…