- A week before the 2023 French Open, South African tennis ace and paralympian Kgothatso Montjane said on radio that she wanted to top her achievements with a Grand Slam win “to validate everything”. “And then I went out to win the Grand Slam, it was just unbelievable!” she says now, back in South…
- TOPLINE The U.S. women’s national team game against the Netherlands was last week’s most-watched show on television as it broke records for the highest-ever English language viewership of a group stage match in women’s FIFA World Cup history. KEY FACTS The match, which saw the two teams draw 1-1,…
- “It’s not just a knowledge-sharing initiative,” Business Unity South Africa (BUSA) CEO, Cas Coovadia, tells FORBES AFRICA of its collaboration with government. This is following a pledge by CEOs from over 115 of the country’s leading corporations to contribute to addressing challenges around energy…
- TOPLINE Pfizer CEO Albert Bourla said during an investor call Tuesday the Food and Drug Administration could authorize the company’s new Covid-19 booster shot by the end of the month—moving closer to a system of regular flu-like vaccinations that keep up with the coronavirus as it evolves and as…
- Basketball lovers consider Giannis Antetokounmpo’s visit to Nigeria significant, as it reflects a growing interest in Nigerian basketball and the recognition of the country’s athletes on a global stage. Greek-Nigerian basketball star Giannis Antetokounmpo (originally Adetokunbo), a two-time…
- The June/July 2023 issue of FORBES AFRICA was my favorite reading for the month as it touched on a subject close to my heart – agriculture. In a conversation with Dr Akinwumi Adesina (President, African Development Bank) a few years ago, he talked about the importance of agriculture (one of his ‘…
- TOPLINE The National Institutes of Health is launching a second phase of clinical trials for treatments of long Covid, the agency announced Monday—the latest step in addressing the poorly understood long-term impacts of Covid-19. KEY FACTS The NIH is seeking people who are experiencing long Covid…
- Greta Gerwig’s Barbie and Christopher Nolan’s Oppenheimer are bringing audiences back to the cinemas. ‘Barbenheimer’ fever is gripping South Africa too. The word, coined by social media users days ahead of the simultaneous release dates of Greta Gerwig’s Barbie and Christopher Nolan’s Oppenheimer,…
- Suit Luxe is a suit business specializing in bespoke suits, shirts and shoes. It was founded by Xolisa Mgqubeni, who is originally from a town called Mthatha in the Eastern Cape, South Africa. Mgqubeni then moved to a small township called Khutsong located in Carletonville, in the West Rand during…
- TOPLINE Several large technology stocks soared Friday to their highest level this year as blockbuster earnings and uplifting economic data kept the blistering stock market’s momentum going. KEY FACTS Shares of Alphabet (up 3%), Meta (up 4%) and Intel (up 6%) each set 2023 highs as investors…
- The unfortunate developments relating to the Black Sea grain shipments are not good news for India and the African continent. Food prices and security are threatened and big power rivalry is ensnaring us developing countries once again. India believes the G20 agenda should be protected from this…
- New MoU signed between Central Bank of Nigeria and Central Bank of Egypt to boost fintech innovations. The Central Bank of Nigeria (CBN) and Central Bank of Egypt (CBE) are enhancing fintech innovation and collaboration between their African powerhouse economies, Nigeria and Egypt. At the Seamless…
- Attendees at the just-concluded Women Deliver 2023 Conference in Kigali exchanged ideas and experiences through thought-provoking discussions that set the stage for the unveiling of new and transformative policy frameworks supporting women’s rights and issues. In the heart of Kigali, Rwanda, the BK…
- The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has voted to raise the benchmark interest rate by 25 basis points. It also called for the exploration of policies that enhance investor confidence in the Nigerian economy and create opportunities for both foreign and domestic…
- In the wake of a military coup in Niger and condemnation from international bodies, the uncertainty raises concerns about regional stability. As dawn broke over Niamey, the capital city of Niger, a startling announcement was made yesterday on national television – soldiers had detained President…
- After a long and stressful but successful debut at Paris Fashion Week and becoming one of the few designers from Africa to do so, Aryea Kolubah is holidaying in Jamaica when she sits down for this Zoom interview with FORBES AFRICA. Her eccentric and bold designs wowed the fashion stage in March,…
- The scent of home is a comforting one. With Yerwa Secrets, these fragrances become a fusion of select smells that leaves you emanating success. What is your favourite smell? The earth’s soil after a rainy day? Freshly baked bread? Or maybe it’s the scent of home? One that leaves you warm and…
- Chatbots are increasingly being used by companies to interview and screen job applicants, often for blue collar jobs. But like other algorithmic hiring tools before them, experts and job applicants worry these tools could be biased. In early June, Amanda Claypool was looking for a job at a fast-…
- This is set to elevate the overall credit share of SMEs from the current 9% to 25% over the next few years. With the goal of reaching CFA3,000 billion ($5 billion) in outstanding loans by 2028, Senegal aims to empower and uplift its small and medium-sized enterprises (SMEs) for accelerated growth…
- Thami Nkadimeng continues to use her background in communications to make positive change and contribute towards the United Nations’ Sustainable Development Goals. She continues to work with presidents, leaders, executives, corporates and organizations worldwide and has recently been selected as…
- The sector experienced a drop in value during the first half of the year. According to pre-shipment inspection agents’ reports, a total of 3.94 million metric tons of products worth $2.54 billion were exported from January to June, compared to $2.593 billion during the same period last year. This…
- TOPLINE Hundreds of Airbus jets are being recalled for an inspection after an issue was discovered in the engines, which are made by Pratt & Whitney, a third party subsidiary of RTX (formerly called Raytheon Technologies), according to multiple reports—the latest in a series of reliability…
- The food and non-alcoholic beverages sector account for 11.81% of the overall inflation figures. Stakeholders recommend government interventions in critical sectors like agriculture, power, and energy. According to a recent report by the National Bureau of Statistics (NBS), Nigeria’s headline…
- As organisations have had to navigate various challenges over the past few years, including the Covid-19 pandemic, a talented workforce is key to their success now and in the future. Simultaneously, employees’ expectations and priorities have shifted, with a greater emphasis on well-being, career…
- TOPLINE Earth’s lowest “gravity hole,” a mysterious depression in the Indian Ocean that experiences less gravity than the rest of the planet, is likely due to plumes of magma under the Earth’s crust, a recent study argues—a conclusion scientists reached using supercomputers to simulate the…
- TOPLINE Elon Musk has replaced Twitter’s iconic blue bird logo with an “X” on Monday, part of a major rebrand teased over the weekend that takes the platform another step closer to the billionaire’s dream of creating an “everything app.” KEY FACTS The change appeared Monday morning on the web…
- The country’s foreign exchange unification policy has garnered favorable sentiment in the financial landscape, enabling individuals and businesses to access financial services more efficiently. Experts say these steps toward a collective and transparent foreign exchange system could contribute to…
- Over the past two decades, Michael Blackson has made a name for himself as one of the most prolific comedians in Hollywood. From starring alongside Hollywood big wigs like Hip Hop icon Ice Cube in Next Friday and showing off his roasting chops on Nick Cannon’s Wild ‘n Out on MTV, to sold out shows…
- Unexpectedly holding rates at 8.25%, South Africa’s central bank surprises economists. Despite temporary relief for households and potential property market impact, SARB Governor Kganyago signals this is just a pause. Rate hikes hinge on economic data and inflation risks, painting a complex future…
- As heads of state and top leaders from the business world, academia, and the advocacy sector recently converged in Kigali, Rwanda, for the Women Deliver Conference, the pressing issue of gender inclusion within the financial sector gained new momentum. Rwanda’s advancements in this domain showcase…
- TOPLINE Elon Musk’s fortune took a major hit Thursday after the share price of his electric vehicle titan Tesla suffered its biggest slide in three months, as the world’s richest person navigates yet another massive swing for Tesla. KEY FACTS Musk’s net worth slipped from $256.8 billion to $238.4…
- TOPLINE Streaming giant Netflix quietly eliminated its cheapest advertisement-free plan for new U.S. and U.K. customers this month, pushing new users toward either a more expensive monthly plan or a cheaper offer with ads, the latest streaming platform to adjust its pricing. KEY FACTS Netflix’s…
- During his campaign, President Bola Ahmed Tinubu of Nigeria emphasized his administration’s commitment to focusing on “modern economic drivers such as the digital economy, creative industries, sports, and entertainment sectors”. The youth, who make up a significant portion of the population, have…
- South Africa is confirmed as the host country for the 15th BRICS Summit in August, featuring Brazil, Russia, India, China, and South Africa, however, the event will not be attended by Russian President Vladimir Putin, which alleviates the complex diplomatic challenge faced by South Africa in…
- Rwanda is establishing itself as a fintech hub. In fact, the country recently hosted and participated in a three-day Inclusive FinTech Forum which brought together financial technology practitioners and enthusiasts from various backgrounds. Participants included regulators, innovators, investors,…
- TOPLINE Microsoft share price closed at a record $359.49 on Tuesday following the company’s reveal of Microsoft 365 Copilot, an AI-powered version of the productivity platform—the latest tech company to enjoy an artificial intelligence-fueled boost. KEY FACTS Microsoft’s stock closed up nearly 4%…
- Robots that harvest grapes, 3D-printed drones for crops and burgers grown from a single cell? Here’s how innovative new technology is making farming more efficient, sustainable and at the same time, revolutionizing agriculture across the continent. In Africa, innovation in agritech is not only…
- TOPLINE The Food and Drug Administration approved the monoclonal antibody treatment Beyfortus to prevent respiratory syncytial virus—the leading cause of hospitalizations in U.S. infants less than a year old. KEY FACTS The drug—made by AstraZeneca—will be administered as a single injection to…
- Women and girls must be given priority in designing, developing and applying digital solutions, to bring about sustainable and effective gender-transformative solutions in health. Sexual and reproductive health (SRH) is an essential human right and development issue that has a direct impact on the…
- Early this year, there was talk about Hollywood A-lister Idris Elba looking to build a major movie studio in Tanzania. More homegrown filmmakers and professionals are also working to create new paradigm shifts and give the African film industry the boost and blockbuster attention it deserves. The…
- She’s here, she’s there, she’s every pinkin’-where. With Margot Robbie’s summer blockbuster arriving in theaters and ubiquitous merchandise collaborations, the world’s favorite doll is about to launch the Mattel cinematic universe. Last June, photographs of beach blonde Margot Robbie and bleach…
- Recognizing the impact of rising food prices on the Nigerian population, the country’s President Bola Tinubu has declared a state of emergency on food security. The government aims to address the issue of food and water availability and affordability, considering them essential aspects of…
- If the thought of being told to fly something up the flagpole, put on a record to see who dances or stir-fry things in the ideas wok makes you want to lose your lunch, you are not alone. Jargon monoxide – a dangerous concoction of distasteful, pungent and sometimes colorful language – is seeping…
- TOPLINE Johnson & Johnson is allowing Stop TB Partnership, a Switzerland-based nonprofit, to distribute a generic version of its tuberculosis drug SIRTURO, or bedaquiline, in low- and middle-income countries, a move that averts fears the drug will stay out of reach financially for many…
- Former The Apprentice star Samuel Brooksworth is capitalizing on the remote working revolution by getting young skilled people to work from Africa for organizations around the world. The market for remote workplace services is set to grow from $20.1 billion in 2022 to $58.5 billion by 2027,…
- TOPLINE Some 56% of the world’s oceans have become greener over the last two decades, and it’s probably because of human-caused climate change, according to a new study published Wednesday in the journal Nature that could offer clues about how climate change is impacting the ocean’s ecosystem. KEY…
- The second session of the United Nations (UN) Habitat Assembly was held at the UN-Habitat headquarters in Nairobi, Kenya, recently, under the theme A sustainable urban future through inclusive and effective multilateralism: achieving the Sustainable Development Goals in times of global crises.…
- Nomhle MliswaFounder and CEO, Summerhill FarmZimbabwe Farming is not for the fainthearted,” Nomhle Mliswa says to FORBES AFRICA in the middle of her harvesting season. Mliswa founded Summerhill Farm in 2007, a 345-hectare farm located in Doma, Mhangura, in the Mashonaland West Province of Zimbabwe…
- TOPLINE As it makes headlines for its startup golf tour merging with the PGA and its huge international investment spree, Saudi Arabia’s controversial Public Investment Fund reported $11 billion in losses in 2022, according to Bloomberg—a year in which the Saudi fund launched a new sports investing…
- We all live and we all die, what makes us different are the things we do and the impact of our actions on the world. When it comes to the human mindset, we only think in terms of human-dominated ecosystems. However, with the climate crisis now upon us, the environment is everybody’s business,…