- 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…
- TOPLINE Nestlé is tapping into the lucrative weight loss drug market by catering to customers’ “shifting” nutritional needs, CEO Mark Schneider told CNBC on Thursday, an optimistic pivot from one of the industry’s biggest players in the face of dire early predictions suggesting wildly popular drugs…
- May 29 was anything but smooth sailing for the southern African nation as citizens exercised their right to vote, late into the night. The ruling African National Congress (ANC) is expected to attain below 50% for the first time since coming to power 30 years ago. As counting continues, FORBES…
- TOPLINE As Israeli troops continue their progress in a ground offensive on the heavily populated city of Rafah in the Gaza Strip, a months-old campaign with the slogan “All Eyes on Rafah” has picked up steam, particularly in western Europe, Australia and India as a call for awareness of the ongoing…
- Artificial intelligence (AI) has made significant strides in all areas of our lives. AI can now monitor patients, safeguard buildings, improve manufacturing processes and write poetry. These are good uses of AI. There are, however, bad uses and characteristics of AI. For example, AI can…
- TOPLINE Melinda French Gates will donate $1 billion to tackle women’s issues across the globe, including abortion rights in the U.S., the billionaire philanthropist announced in a New York Times op-ed on Tuesday, outlining her first undertaking once she exits the Gates Foundation next month. KEY…
- The milestone speaks for itself: it’s the 10th anniversary of FORBES AFRICA’S 30 under 30 list, and just like the honorees who have come before them, the class of 2024 too are driven by impact. Profits aside, it’s about achieving success with innovation, influence and individuality. They aren’t…
- TOPLINE Global rates of death caused by heart conditions, diabetes and obesity due to air pollution significantly increased over the past decade, according to the 2024 World Heart Report, and emissions caused by climate change played a part in exacerbating this. KEY FACTS The number of heart…
- With the country’s democratic voting process set to take place later this week, FORBES AFRICA speaks to several analysts about the mindset of the citizens and what may unfold in the coming days. As South Africa prepares to head to the polls on May 29, social media has been abuzz with rhetoric and…
- The milestone speaks for itself: it’s the 10th anniversary of FORBES AFRICA’S 30 under 30 list, and just like the honorees who have come before them, the class of 2024 too are driven by impact. Profits aside, it’s about achieving success with innovation, influence and individuality. They aren’t…
- TOPLINE Novo Nordisk’s weight loss injection semaglutide — the ingredient inside its wildly popular drugs Ozempic and Wegovy — could also help protect the kidneys, according to new research, a finding that bolsters the growing public health case for the drug amid ongoing concerns over costs and…
- Amidst the current climate in the world, Tanzania stands as a haven of peace and one that consistently upholds national unity and social cohesion. “We are hopeful that with such unity, we will move to the even higher levels. Let us continue to work hard at it for this to happen,” says H.E. Samia…
- The average team is now worth $2.3 billion, a 5.1% increase from a year ago—despite headwinds in TV rights across Europe. When Sir Jim Ratcliffe, the billionaire founder and CEO of the Ineos chemical group, bought 27.7% of Manchester United in February for an enterprise value of $6.5 billion, it…
- In an era where the boundaries between work and personal life are increasingly blurred, a new trend is emerging, shifting the way we approach our daily grind and overall productivity. The trend, known as ‘chronoworking’, marries the concepts of time (‘chrono’) and labor (‘working’) to propose an…
- True power is living the realization that you are your own healer, hero, leader.” – quoted by Diego Perez Indeed, success has always been built on that simple principle. The African story of the recent past has belied that. This needs to be regained and reinforced. I was in Lusaka some weeks ago…
- The Chinese e-commerce sites ship the equivalent of 88 Boeing 777 freighters of cargo worldwide every day. The vast volume has sent air freight rates through the roof, but the two companies have been willing to subsidize fast shipping as they grow globally — for now. Nine months ago, Niall van de…
- The milestone speaks for itself: it’s the 10th anniversary of FORBES AFRICA’S 30 under 30 list, and just like the honorees who have come before them, the class of 2024 too are driven by impact. Profits aside, it’s about achieving success with innovation, influence and individuality. They aren’t…
- TOPLINE Saudi Arabia is set to sponsor the Women’s Tennis Association’s rankings for the next five years in the third major tennis deal to be struck in the Kingdom this year, as the country continues its high-dollar push into the world of sports that has so far included a partnership with the PGA,…
- Collin Benjamin was an unknown when he left his native Namibia in the 1990s, becoming one of the best African imports into the German league. Back in Windhoek, he wants to improve the professional football club landscape with the virtues learned from his Germany stint. There have been thousands of…
- TOPLINE Iranian President Ebrahim Raisi and the country’s foreign minister were found dead Monday morning at the site of a helicopter crash, state media confirmed, following an hours-long search for the wreckage in Iran’s mountainous East Azerbaijan province. KEY FACTS According to the state-run…
- Paul Siguqa has had an unlikely journey in the wine business in South Africa. His mother worked in the vineyards as a laborer during the apartheid era and now, his fully black-owned wine farm sells premium products. Paul Siguqa, owner of the Klein Goederust wine farm in Franschhoek in South Africa’…
- TOPLINE Microsoft has asked some of its artificial intelligence and cloud business employees in China to consider moving out of the country, according to a Wall Street Journal report, amid ongoing geopolitical and trade tensions between Washington and Beijing as the Biden administration attempts to…
- What do Uber, Netflix and TikTok have in common? It’s one word. And working out how to remove it will become the most important strategic discussion for CEOs across the globe in the coming years. It should already be the most important word. And that word is friction. The companies I named at the…
- TOPLINE The Dow Jones Industrial Average made history Thursday, setting the latest impressive milestone for 2024’s red-hot stock market. KEY FACTS The Dow crossed 40,000 for the first time in its 128-year history Thursday at about 10:30 a.m. ET, gaining as much as 140 points (0.4%) to a new all-…
- There’s mythology and mystery in the mix as gaming developers tap into the rich history of Africa telling stories that go way back in time. The African gaming market sits on the cusp of global potential as studios shake up Western foundations with mythology, mystery and inclusivity. In Nigeria,…
