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- Spearheading ferry terminal construction for sustainable socioeconomic growth. ZF Devco stands out in Tanzania’s economic scene for its dedication to long-term development and transformational initiatives. ZF Devco was founded with a strong purpose to drive the expansion of Zanzibar’s Blue Economy…
- Andrew Robinson has an impressive track-record of building big businesses in Africa and around the world. “The biggest thing Covid taught me is that when something is failing, another thing is succeeding.” With ventures that span multiple industries and countries, at 46, Andrew Robinson is someone…
- After years of remote work, post-pandemic employees are struggling with office distractions. The solutions run from in-office phone booths to libraries to, surprisingly, adding more sound. Chad West doesn’t go into his London office more than once a week. As a vice president of marketing at crypto…
- Ayana Parsons, cofounder of The Fearless Fund, took the stage at the ForbesBLK Summit. The Fund is in court defending its right to support Black women founders. When Ayana Parsons, cofounder of The Fearless Fund, took the stage today at the ForbesBLK Summit in Atlanta, it was an emotional moment.…
- Finally, since their first semifinal in 1992 and after 32 years of disappointment, South Africa have got over the line. Seven semifinal heartbreaks later and South Africa have finally made it to the decider of a World Cup as they demolished Afghanistan by nine wickets on Thursday to set up a…
- Kenya’s President William Ruto has withdrawn the controversial Finance Bill 2024 in response to public outrage and mass demonstrations in the East African nation. In a statement this afternoon, President Ruto acknowledged the people’s concerns and emphasized the importance of addressing them to…
- TOPLINE Fans of the original series that inspired the breakout hit “Bridgerton” TV show on Netflix were shocked in the final minutes of the season 3 finale when the character Michael Stirling was introduced by another name—Michaela—and played by a female actress, a change that sets the show up to…
- 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 An ongoing bird flu outbreak among U.S. dairy cows has led to three confirmed human cases in dairy workers, and although there aren’t any confirmed cases of human-to-human transmission, experts warn safety measures like masks, vaccines and safety goggles will be needed if a pandemic is…
- Ronwen Williams was recently crowned the best goalkeeper in the southern African region by COSAFA, but in truth he is among the leading glovemen across all the continent following a superb 12 months for both club and country. The 32-year-old was rewarded for his form with a new contract at Mamelodi…
- TOPLINE Boeing is expected to avoid criminal prosecution after the Justice Department recently found it violated a $2.5 billion settlement shielding it from charges over two 737 Max 8 model crashes in 2018 and 2019 that killed a total of 346 people, according to The New York Times, which reported…
- TOPLINE A Swiss court sentenced four members of the billionaire Hinduja family to up to four-and-a-half years in prison on Friday, after they were found guilty of exploiting household staff at their Lake Geneva home, including forcing them to work 18-hour days for low pay, according to multiple…
- The rapid advancement and implementation of artifi cial intelligence (AI) technologies have signifi cant economic, societal, and ethical consequences for Africa. Efficient governance is crucial to optimizing AI’s advantages while minimizing its risks. This article offers policymakers essential…
- KCB Bank Tanzania is a forerunner in the shifting financial landscape, handling dynamic transformations in the banking sector and positioning itself as a leader in the evolving industry. Quote: Embracing ‘For People, For Better’ as our purpose, we’re committed to delivering the best service for our…
- TOPLINE Health officials across the continental U.S. are starting to warn about the annual return of West Nile virus, a potentially lethal human disease without treatments or vaccines that is rearing its head earlier than usual as the changing climate makes the environment more hospitable for the…
- With financing partners on board, Nigeria is transforming its energy landscape, tackling a longstanding crisis that has deprived approximately 40% of its population – 85 million people – of access to electricity, a vital driver of economic growth and development. This aligns with the new World Bank…
- 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…
- President Cyril Ramaphosa’s second term begins with a historic Government of National Unity, sparking cautious market optimism. While the Rand rallies and JP Morgan upgrades South Africa’s rankings, some warn that deep-seated structural issues and potential policy conflicts could impede sustained…
- TOPLINE Chip designer and artificial intelligence juggernaut Nvidia narrowly topped Microsoft’s market capitalization Tuesday to become the world’s most valuable public company, less than two weeks after it surpassed Apple’s market cap following months of strong stock gains. KEY FACTS Nvidia shares…
- As a multihyphenate, entertainer and entrepreneur, Nick Cannon joined the list of speakers for the Forbes Under 30 Africa Summit in Botswana in May. The American actor, rapper and television host, popularly known for his Wildstyle Battles on the comedic MTV-VH1 hit show Wild ‘n Out, spoke to FORBES…
- The event “Doing Business Angola 2024,” taking place this Tuesday in Lisbon, aims to examine the country’s business environment from a macro perspective, as highlighted by N’Gunu Tiny, founder of the Media9 group. In this second edition of DBA, organized by Forbes Africa Lusophone and Jornal…
- The Prime Minister of Portugal, Luís Montenegro, will visit Angola in July this year as part of the Luanda International Fair (FILDA), announced the Portuguese ambassador to Angola, Francisco Alegre Duarte, moments ago in a message addressed to the participants of the second Doing Business Angola…
- TOPLINE South Korean forces fired warning shots at North Korean soldiers who crossed the heavily guarded border zone separating the two countries Tuesday, the second time such an incident had happened in less than two weeks amid growing tensions between the two countries. KEY FACTS The South Korean…
- Born in the United Kingdom,Nigeria-based Matopeda King, who has been at the forefront of fashion for 14 years, is using her atelier to empower women. Matopeda Abiola King is currently experiencing a ‘full circle moment’ with her fashion brand. As Creative Director for Matopeda Atelier, an…
- South Africa is entering a new political era with the formation of a Government of National Unity (GNU) between the previously ruling African National Congress (ANC) and the opposition Democratic Alliance (DA). This historic coalition, finalized amidst last-minute negotiations, represents a…
- TOPLINE Pope Francis is set to attend the G7 summit on Friday and is expected to urge world leaders to adopt AI regulations, a subject the Pope has spoken about several times in the past, including after he was the subject of viral AI-generated images that many believed were real. KEY FACTS The…
- Armed with a doctoral degree in Cybernetics from the University of Reading, United Kingdom, Rose-Margaret Ekeng-Itua is reportedly the first Black woman to achieve such a feat. In the 1980s, between the ages of five and 10, Rose-Margaret Ekeng-Itua lived in the West and attended schools where she…
- TOPLINE Apple finally joined the great AI arms race this week after months of lagging behind big tech rivals like Google, Microsoft and Meta, unveiling a series of products juiced with artificial intelligence that it has pitched as a more secure, privacy-focused alternative to how its competitors…
- A strange question was asked of me, whils speaking at a recent seminar in Dubai, by a gentleman with a flowing white beard. In resplendent glory and laced with what I thought was the sheer pain of knowing the obvious, yet incapable of convincing anyone, he asked: “What happens if a comet hits the…
- TOPLINE Paramount Global shares slid nearly 8% shortly before market close Tuesday after National Amusements, the media conglomerate’s parent company, scrapped merger discussions with Skydance Media, according to multiple outlets, bringing an end to a tedious, months-long negotiation process. KEY…
- In a devastating blow to Malawi, Vice President Saulos Klaus Chilima and nine others have died in a plane crash that occurred on June 10, along with nine other persons on board. The Malawian Defense Force aircraft, enroute from the Malawian city of Lilongwe to Mzuzu for the funeral of former…
- We often wonder what the most significant or transformative invention of our times is? Based on circumstances and identity, everyone would have their own choice of that single change that has impacted them and transformed lives. From the bullock cart to cars to railroads to air and space travel,…
- TOPLINE Amazon founder Jeff Bezos overtook French luxury goods tycoon Bernard Arnault as the second-wealthiest person in the world Monday morning after LVMH’s shares fell and Amazon shares slightly increased—and the pair continued to flip-flop throughout the day for the title. KEY FACTS Bezos had a…
- Ghanaian photographer Emmanuel Mensah Agbeble, who arrived in New York with just $50 in his pocket, is now weaving the Afrobeats genre into the global narrative with his creativity. Emmanuel Mensah Agbeble was barely three years old when his father, who owned a photo studio in Ghana, handed him his…
- TOPLINE Israeli officials said they rescued four hostages eight months after they were captured in the Oct. 7 Hamas attack on southern Israel, a rescue mission that has resulted in the deaths of at least 125 Palestinians, according to the Hamas-controlled Gaza Health Ministry. KEY FACTS The four…
- 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…
- FORBES AFRICA attended the second edition of the Benin International Arts Festival and found the tiny West African nation to be a hub of creativity with an emerging pool of talent. As the sun dipped below the horizon, casting its glow over the streets of Cotonou, the Palais des Congrès (Congress…
- TOPLINE The Federal Trade Commission is probing Microsoft’s recent deal with artificial intelligence startup Inflection AI to examine if the tech giant deliberately structured it in a manner that would avoid an antitrust review, the Wall Street Journal reported Thursday, the latest in a series of…
- TOPLINE Here’s the latest news about a global outbreak of H5N1 bird flu that started in 2020, and recently spread among cattle in U.S. states and marine mammals across the world, which has health officials closely monitoring it and experts concerned the virus could mutate and eventually spread to…
- TOPLINE Chip designer Nvidia surpassed Apple’s market capitalization Wednesday for the first time ever, becoming the 2nd most valuable company in the world after a year of white-hot stock gains charged by an artificial intelligence craze. KEY FACTS Nvidia’s market cap reached past Apple’s at market…
- Jerry Jones paid $150 million for the Dallas Cowboys in 1989. Just the team’s brand is now worth $1.73 billion, the most in sports. The Dallas Cowboys were a dying brand when Jerry Jones paid $150 million for the NFL team and the operating rights to its stadium in 1989. Three Super Bowls—1992, 1993…
- Zimbabwean physiotherapist Dr Nonhlanhla Mkumbuzi is working to understand how injuries can affect female African players particularly, and how this might differ to those of athletes overseas. Football may be played to the same rules the world over, but the game differs wildly from continent to…
- TOPLINE Shares of Spotify rose by about 5% on Monday, after the company announced it will once again raise the prices for its subscription plans in the U.S., following an increase in subscribers. KEY FACTS Spotify shares rose to over $310 as of 10 a.m. Monday, following an earlier surge in…
- The country’s National and Provincial Elections marked a significant shift in the political landscape, this as the African National Congress (ANC) lost its parliamentary majority for the first time, along with the rapid rise of the uMkhonto weSizwe (MK) Party, among others. The 2024 elections in…
- How the forgotten Afghans of Albania have made their way to a new home. For a group of Afghan evacuees forced to flee their home country in the fall of 2021, a tourist village on the Albanian coast became more than just a temporary stopover on their way to the United States (U.S.). Nestled in […]
- It’s not enough for Boeing to fix the 737 Max program. To remain competitive against Airbus, the planemaker needs to make a big bet on a new jet. To Boeing’sBoeing 0.0% long list of urgent near-term problems, add one more. It needs a new airplane. With its best-selling plane, the 737 Max, the…
- First gaining prominence in 2015, skit-makers in Nigeria have continued to boom, with unprecedented collaborations between comedic content creators, both local and international. It’s a funny but lucrative business. Nigeria, Africa’s powerhouse in the entertainment industry, is witnessing an…
- More than a third of $239 billion luxury travel market is driven by non-millionaires. They’re young, they want to explore the world and, increasingly, they are neither American nor European. A new crop of “aspiring luxury” travelers with net worths of under $1 million makes up more than a third of…
- South Africa is in the midst of a historic election as votes have been counted and are still being captured and finalized, with nearly 80% tallied so far. This election marks the most competitive since the country’s first democratic vote in 1994, posing a real challenge to the long-standing rule of…