- TOPLINE Here’s how the controversial new TikTok ban—which passed the House—would work, its chances of passing the Senate and which American companies could potentially purchase the app and avoid a full TikTok shutdown in the U.S. KEY FACTS The bill will now move to the Senate, where it faces an…
- In 1849, Jean-Baptiste wrote “plus ça change, plus c’est la même chose” – “The more things change, the more they stay the same.” Apparently, turbulence doesn’t change reality but embeds it. I don’t agree when I see what’s happening in Africa today. A continent long battered and bruised by exogenous…
- The current estimated value of 11 leading private fintech startups shows declines as high as 79%. But a few have started to recover. Back in November 2021, as the market for venture capital funding of fintech companies was peaking, San Francisco Bay Area bill-payment startup Tipalti raised $270…
- In a recent study conducted by Kuda, a Nigerian fintech, it was revealed that Generation Z in Nigeria exhibit a unique financial behavior compared to older demographics, preferring saving over investing. Analyzing a sample size of 774,532,224 transactions from 2023, Kuda found that while Gen Z…
- TOPLINE Microsoft says that the Russian-linked group known as Midnight Blizzard or Nobelium has made repeated attempts to access Microsoft’s systems in recent weeks, escalating its efforts against Microsoft since the company first disclosed in January that Midnight Blizzard had accessed some of its…
- At the 2024 FORBES WOMAN AFRICA Awards, held at the Emperors Palace in Johannesburg on Friday, March 8, African stateswoman and South Africa’s former first lady Graça Machel took home the 2024 FORBES WOMAN AFRICA Lifetime Achievement Award. Machel dedicated the award to women both past and present…
- TOPLINE Ozempic maker Novo Nordisk on Thursday teased a potential successor to its blockbuster weight loss drug Wegovy, the latest in a line of next-generation obesity treatments in development as consumers flock to the powerful drugs and competitors including Eli Lilly, Pfizer and an array of…
- TOPLINE X, formerly known as Twitter, experienced a 30% drop in usage from 2023 to 2024, according to a study from Edison Research that clashes with favorable traffic metrics shared by the social media platform’s billionaire owner, Elon Musk, and CEO Linda Yaccarino. KEY FACTS The data, which is…
- Chess unveils a boundless realm of imagination and possibility — a canvas where each match paints a unique tale of conflict and conquest, where kingdoms clash in a dance of uncertainty until the final, decisive moment. FORBES AFRICA takes a look at an NGO championing the game on the continent. In…
- Afrobeats took center stage in 2023’s global music scene. Major award ceremonies, including the MTV Video Music Awards, introduced new categories recognizing the success of Afrobeats artists, notably elevating Adedamola ‘Fireboy DML’ Adefolahan. His collaboration with Jon Batiste and Jon Bellion…
- TOPLINE Drinking more than 67 ounces of sugary or artificially sweetened beverages a week may increase the risk of developing atrial fibrillation—an irregular heartbeat—but organic fruit juices without added sugar may decrease this risk, according to a new study. KEY FACTS Participants who drank…
- Healthcare workers’ selfies are being used to sell unproven medical treatments to the app’s enormous global audience. And in the Wild West of loosely regulated supplements, many brands are profiting. Malinda Weekly saved a life last week. As an emergency room nurse in Chicago, she helped treat a…
- With a growing youth population, the African continent could find itself on the path towards a bright future. However, this may only become a reality if the continent is able to provide widespread upskilling initiatives and tangible employment prospects. The International Labour Organization…
- Change Starts Now (CSN), the political initiative led by former FirstRand Group chair Roger Jardine, has decided not to contest the 2024 national and provincial elections. This announcement came just days after the party unveiled an ambitious manifesto in Kliptown, Soweto, proposing sweeping…
- Story curated by Chanel Retief and Nicole PillayArt Direction: Lucy NkosiPhotography: Katlego Mokubyane ; Assistant: Sbusiso SigidiStyling: Deneal Van Wyk; Outfits supplied by Fashimo Styles Studio, Ukara, Suited For Her and PreviewAccessories Hair & Makeup:Vanessa Unamaca, MakoleMade Location…
- Elon Musk’s lack of transparency in updates about his brain implant company Neuralink flouts scientific and ethical norms, raises questions about patient safety and risks setting back the entire field of neurotechnology, experts told Forbes, after the billionaire touted early success in the company…
- Amid economic challenges, the country latest budget speech draws critical analysis from economist Dawie Roodt, shedding light on the fiscal strategies’ impact on economic growth and the path ahead for the nation. In an era marked by economic turbulence, South Africa’s fiscal policy comes under…
- Internal privacy experts worried that not having a corporate records retention policy could violate U.S. and EU laws. Years later, the company still doesn’t have one. TikTok’s parent company ByteDance may have broken laws in the U.S. and EU because it has no internal corporate records retention…
- FORBES AFRICA had a unique opportunity to check this out and more at MWC Barcelona. From robotic dogs to dancing humanoids and baristas on-demand, you didn’t know where to look at mobile technology trade show, Mobile World Congress (MWC) Barcelona, being held at the Fira de Barcelona Gran Via in…
- Handshake is creating a social media-style feed for its popular jobs platform for college students, adding video tools for employers to match less buzzy companies with young job seekers—and connect with a generation that lives by the medium. On TikTok, there are more than 2.6 million posts with the…
- TOPLINE Mediators attempting to broker a truce agreement between Israel and Hamas to pause the fighting during Ramadan and release some of the hostages taken by Hamas have made progress on an agreement, multiple outlets reported Sunday. KEY FACTS The agreement would mean a pause in fighting for six…
- Media company, ABN Publishing announced that their co-founder and chairman of CNBC Africa, Zafar Siddiqi, passed away on Friday, February, 23. In a statement released on Saturday, founder and publisher at FORBES AFRICA, Dr Rakesh Wahi, said that Siddiqi’s leadership, wisdom, commitment, values and…
- A notable shift seems to be taking place in Egypt’s economic strategy in a new era of collaboration with several regions in sub-Saharan Africa (SSA). And the country’s banks such as CIB (Commercial International Bank) are playing a part in this transformative journey. “Kenya made sense. East Africa…
- TOPLINE A Norwegian Cruise Line is stuck off the coast of Mauritius after some passengers on a South African voyage were quarantined after experiencing a stomach illness aboard the ship, and local authorities decided to prevent any other passengers on the massive ship from disembarking until test…
- South Africa joins other African nations like Cape Verde, Seychelles, Mauritius, and Namibia in attracting ‘digital nomads’. South Africa is positioning itself as a beacon for global professionals through its latest visa regulation amendments, including the introduction of the ‘digital nomad’ visa…
- TOPLINE Internet users in Pakistan are turning to virtual private networks to access the social media platform X after the site was blocked over the weekend following a contentious national election and admission of ballot fraud by a local government official. KEY FACTS VPNs, which can mask the…
- South Africa is on the brink of a historic electoral shift as it prepares for the general elections set for May 29. President Cyril Ramaphosa’s announcement of the election date, coinciding with the country’s 30th anniversary of democracy, marks a critical juncture for the African National Congress…
- Last week, on Thursday, February 15, the Ethiopian Government’s investment arm, Ethiopian Investment Holdings (EIH), signed a memorandum of understanding with Honk-Kong-based West Data Group’s Center Service PLC to commence mining bitcoin. The partnership is under a general agreement for a…
- TOPLINE Researchers have potentially linked an antiviral protein produced by the body during infection as the cause of long Covid, according to a new study, and they’re optimistic the next step is making medications to treat the disease. KEY FACTS Researchers followed patients with long Covid for 2…
- In a recent joint press briefing with Nigerian Foreign Minister Yusuf Maitama Tuggar, United States (US) Secretary of State Antony J. Blinken hailed the longstanding partnership between the countries in the fight against HIV/AIDS. Reflecting on the success of the US President’s Emergency Plan for…
- TOPLINE Covid vaccines from companies like Pfizer, Moderna and AstraZeneca were linked to rare occurrences of heart, brain and blood disorders, a recent peer-reviewed study found, though experts say the risks of developing Covid-19 greatly outweigh the risks of getting vaccinated. KEY FACTS…
- Story curated by Chanel Retief and Nicole PillayArt Direction: Lucy Nkosi Photography: Katlego Mokubyane ; Assistant: Sbusiso Sigidi Styling: Deneal Van Wyk; Outfits supplied by Fashimo Styles Studio, Ukara, Suited For Her and PreviewAccessories Hair & Makeup:Vanessa Unamaca, MakoleMade…
- TOPLINE OpenAI inked a deal with venture capital firm Thrive Capital that boosted its valuation to $80 billion or more, the New York Times reported, a nearly threefold increase in value from just nine months ago. KEY FACTS OpenAI will engage in an existing share sale under the “so-called tender…
- The continent’s 20 billionaires are worth a combined $82.4 billion. That’s up $900 million from last year’s $81.5 billion. The fortunes of Africa’s wealthiest people have rebounded slightly in the past 12 months, reversing the decline in their fortunes from a year ago, though they are still off…
- TOPLINE Medication abortions prescribed and delivered using video calls, text messages and pills delivered through the mail are just as safe and effective as a visit to the clinic, according to research published Thursday in Nature Medicine, as politicians across the country continue to fight over…
- Rwanda’s capital played host to the first-ever UK-Rwanda Business Forum recently, showcasing the East African nation’s development andpositioning as a potential investment destination in the region. Rwanda’s narrative has changed and the country is now proving to be a major hub for business in…
- As we progress further into 2024, a year guaranteed to be full of complexities and uncertainties, the heightened demand for genuine expertise to guide us through our challenges will become more important than ever. The dilemma we face is that too many people are in a rush to claim their expertise,…
- Women-founded companies in African health technology soared to new heights last year, raising $52 million in funding, 31% of the total investments compared to 2022’s 1.4%, which represents over 2,000% increase, as per Salient Advisory’s latest Market Intelligence report titled 2023 Roundup:…
- TOPLINE OpenAI is testing a new feature that gives ChatGPT a memory to store information from a user’s previous chats—including their voice, tone and personal preferences—in order to create a more intensely customized experience for future requests. KEY FACTS Users will be able to choose whether…
- The CEO ofKenya’s Private Sector Alliance speaks to FORBES AFRICA about the country’s growth prospects on the back of its 60 years of independence celebrations. Kenya is, arguably, East Africa’s most robust economy, with the country putting in the yards to better itself in several sectors. With…
- TOPLINE An elderly man has become the first person to die after contracting Alaskapox, health officials confirmed, urging doctors to stay alert for signs of the recently discovered virus that is closely related to other dangerous human pathogens like smallpox and mpox. KEY FACTS The man, who was…
- From Nigeria to the United States and the world, the international business community is mourning the loss of the Group Chief Executive Officer of Access Holdings. At the age of 57, Dr Herbert Wigwe, Group Chief Executive Officer of Access Holdings, met his untimely demise in a helicopter crash…
- It is said that good people die early. In the case of Herbert Wigwe, aged 57, it seems too soon. Those who had the privilege of crossing paths with Herbert realized immediately that they had a unique Leader before them. In this moment of pain and grief for his family and friends and faced with […]
- Artificial intelligence (AI) has emerged as a revolutionary tool, reshaping industries, streamlining processes, and improving decision-making. The success of AI is because we now have access to more data, and we possess adequate computational infrastructure to analyze such data. AI has enormous…
- South African President Cyril Ramaphosa on Thursday night delivered his sixth annual State of the Nation Address (SONA) in Cape Town’s City Hall, taking a nostalgic approach to the event as part of commemorating 30 years of democracy, as well as addressing what is likely to be the most highly-…
- TOPLINE The Oscars are adding a new award in 2026—the Academy Award for Achievement in Casting— marking the first new category added to the movie awards show since 2001. KEY FACTS The award, according to multiple reports, will make its debut at the 98th Academy Awards in 2026, when movies from 2025…
- The 15th annual Realizing The Dream Legacy Banquet recognized three community members who embody the leadership style of Dr Martin Luther King Jr., including Nigeria’s Adebola Aderibigbe, an advocate for girl child rights. At the 15th Realizing The Dream Legacy Banquet recently, Adebola Aderibigbe…
- TOPLINE Erectile dysfunction drugs like Viagra may reduce the risk of developing Alzheimer’s disease, a Wednesday study found, a breakthrough researchers say is needed to help prevent and delay Alzheimer’s diagnoses. KEY FACTS Participants who were prescribed erectile dysfunction drugs were 18%…
- In a landmark move, Tanzania marked its first participation at the Mining Indaba, being held from February 5-8 in Cape Town, South Africa. This year’s event, the 30th edition of the conference, with the theme Embracing the power of positive disruption: A bold new future for African mining, focuses…
- TOPLINE ESPN, Fox Corporation and Warner Bros. are coming together to create a new sports streaming service, multiple outlets reported Tuesday—in a move that will add another platform in the already-crowded streaming wars. KEY FACTS ESPN, Fox Corp. and Warner Bros. Discovery are teaming up on the…