- 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…
- 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…
