- 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…
- As the Central Bank of Nigeria (CBN) prepares for its first Monetary Policy Committee (MPC) meeting on February 26 and 27 under the leadership of its new Governor Yemi Cardoso, he shed light on the reasons behind the postponements, citing the need for thorough groundwork to ensure the MPC’s…
- ChatGPT and other generative AI are being widely used in higher education in school admissions. But now, students who’ve turned to AI for writing are turning back to people to make that work sound more human—and schools can’t possibly keep up. “Tapestry.” “Beacon.” “Comprehensive curriculum.” “…
- Topline The biggest night in music turned out to also be one of the biggest moments for 22-year-old Tyla Laura Seethal, famously known as Tyla. On Sunday, the South African singer made history when she took home her first Grammy award for Best African Music Performance for her song Water. The…
- TOPLINE French soccer star Kylian Mbappé has reportedly decided to join Real Madrid this summer after his contract with Paris Saint-Germain expires, ending months of speculation that the Spanish club could land the 25-year-old superstar. KEY FACTS French newspaper Le Parisien first reported the…
- The bloc’s recent expansion to include Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates (UAE) could represent a complex and multifaceted shift in global power structures, transcending simplistic views of it as merely a challenge to Western dominance.In a significant development…
- TOPLINE Apple’s Vision Pro headset will be released in the U.S. tomorrow starting at $3,500, bringing the highly anticipated and pricey product to market after more than a decade of development. KEY FACTS The mixed-reality headset’s cheapest version sports 256 GBs of storage for $3,500, while the…
- The take-off for Africa will happen in Nairobi, says businessman Alex Chesosi to FORBES AFRICA in a recent interview. He is a man on a mission, keen to see Kenya play in the big leagues when it comes to technology. Chesosi, who wears several hats, is currently the Chairman of Intellimedia Networks…
- Maximizing its potential in renewable energy and the automobile industry, Morocco is poised to solidify its position as a hub for sustainability and innovation. “Morocco has today become an inevitable destination in the global market,” says His Majesty Mohammed VI, King of Morocco. Inside its…
- A decision by a Delaware judge late Tuesday afternoon has multibillion-dollar implications regarding Musk’s fortune. Elon Musk ceded the title of world’s richest person to Frenchman Bernard Arnault of luxury conglomerate LVMH Tuesday evening, after a Delaware judge voided a hefty package of…
- “The forum offers a delightful vacation on the expense account.” – Quote: unknown, 1981. Perhaps true but entertaining, nevertheless. Let’s plod on. Davos 2023: the word ‘polycrisis’ was on everybody’s lips as leaders deliberated the cascading crises of the moment. Attitudes have now hardened…
- Never mind the recent rally, for a decade the crypto industry has been selling the promise of decentralization, a new financial system without middlemen, but many blockchain projects have recreated the very elements they tried to overthrow, and regulators are adamant about keeping the status quo.…
- In the recent report by the National Bureau of Statistics (NBS) in Nigeria, the Consumer Price Index (CPI) for December reveals an increase, with the headline inflation rate rising to 28.92% compared to November’s 28.20%. The report indicates a 0.72% point uptick. In an analysis by financial…
- The Middle East kingdom is on massive building spree—creating private islands, luxury hotels, theme parks, cruise ports, even a desert ski resort. The question remains: If they build it, who will come? Whatever your preconceived notion of Saudi Arabia as a travel destination is, it’s about to be…
- A Brazilian producer and a Kenyan singer came together to create a song last year that soared up music charts globally, and collaborating with an India-born director for the video, it is now a milestone for African sound. A decade ago, who knew Africa would boast a full-fledged creative economy?…
- The global economic slowdown, geopolitical conflicts, the spillover impact of Covid-19 and heightened uncertainty have all shaped the way investment professionals and the financial services industry at large interact with clients. Individuals have become increasingly concerned about their finances…
- TOPLINE The head of the United Nations agency providing humanitarian aid to Palestinian refugees on Saturday denounced a move by a growing number of countries to pull funding for the agency following allegations by Israel that some of its staffers participated in Hamas’ attack on Israel on Oct. 7.…
- With the country’s electric vehicle market in the spotlight, an industry expert speaks to FORBES AFRICA about the complex tariff and trade dynamics shaping its import duties. What drives the tariffs of imported vehicles into South Africa? Currently, the country levies a 25% import tax on EVs,…
- TOPLINE As shares of Tesla sank 13% Thursday, a day after the company reported missed estimates in its fourth-quarter earnings, the net worth of its centibillionare CEO Elon Musk dropped by more than $18 billion, though he remains the richest person in the world. KEY FACTS Tesla stock sank 13.2% to…
- TOPLINE The British Museum and London’s Victoria and Albert Museum (V&A) announced on Thursday that 32 gold and silver artifacts from Ghana, which were looted during the Anglo-Ashanti Wars in the 1800s, would return to the country for the first time in 150 years—but only for a limited amount of…
- TOPLINE The Federal Aviation Administration announced Wednesday a pathway toward resumed flights for Boeing 737 Max 9 jets, but it won’t allow Boeing to expand production of the planes after a hole was blown into the side of an Alaska Airlines flight using one of the jets earlier this month,…
- Following the COP28 United Nations Conference in Dubai in December, the race is on to find tech-centered solutions to assist in achieving global sustainability goals, say experts. Each year, world leaders and governments meet to have a series of high-level conversations about how to manage the…
- TOPLINE Mental health symptoms in the U.S. rose after the Supreme Court overturned Roe v. Wade, according to research published in JAMA on Tuesday, suggesting broader health consequences of restricting abortion access as some states continue to roll back reproductive rights. KEY FACTS There was an…
- Roushanna Gray uses food and ecology as a medium to impart knowledge on the rich biodiversity of South Africa’s edible land and seascapes. Cape Town is a city with no shortage of experiences, for every kind of person. There are some that appeal to the hedonists, such as lavish fine dining dinners…
- Two years ago, non-fungible tokens were sizzling hot, as art aficionados and speculators pushed blockchain-based images to $27 billion in value. Now that the market has crashed, a much less ambitious version of NFTs are finding a welcome home in the marketing departments of corporate America. In…
- “Much has been written about me…most of it is outright lies or half-truths. I have waited a long time to tell my story.” In her book, The Race to Be Myself, one of the biggest names in athletics not just in Africa but across the world, will tell the full story of the discrimination she […]
- SMEs play a crucial role in South Africa’s economy. They contribute significantly to job creation, economic growth, and innovation. SMEs act as a catalyst for change, fostering entrepreneurship, and generating employment opportunities. However, these enterprises often face various challenges,…
- TOPLINE Meta registered its highest-ever share price Friday, potentially completing the social media giant’s dramatic recovery amid Wall Street’s renewed faith in Meta CEO Mark Zuckerberg, who has refocused the firm’s attention on improving bottom lines. KEY FACTS Shares of Meta climbed as much as…
- TOPLINE Meta inched toward its highest-ever share price Friday, potentially completing the social media giant’s dramatic recovery amid Wall Street’s renewed faith in Meta CEO Mark Zuckerberg, who has refocused the firm’s attention on improving bottom lines. KEY FACTS Shares of Meta climbed as much…
- TOPLINE Climate change could cut life expectancy by half a year, according to research published Thursday, illustrating another ominous consequence of human-driven global heating after scientists confirmed 2023 as the hottest year on record. KEY FACTS Changes in temperature and rainfall caused by…
- The South African comedian’s Emmy for Outstanding Talk Series garnered praise from President Cyril Ramaphosa. Renowned South African comedian Trevor Noah has etched his name in history with a prestigious Emmy Award for Outstanding Talk Series for The Daily Show with Trevor Noah this week. This…
- TOPLINE Annual carbon emissions from bottom trawling—a popular fishing method used to capture seafood at the bottom of the ocean—is equivalent to around 40% of annual transportation emissions in the U.S., a new study published Thursday found, reaffirming previous research on the harms of bottom…
- The New York-listedBlackRock is set to buy the entirety of Bayo Ogunlesi’s GIP’s business and assets. The world’s largest asset manager BlackRock has agreed to acquire infrastructure investor Global Infrastructure Partners (GIP) for a total consideration of $3 billion in cash and approximately 12…
- TOPLINE The Emmy Awards hit a record low for viewership Monday night, according to multiple reports, attracting 4.3 million total viewers—a 27% drop from the 2022 Emmys, which brought in 5.9 million viewers. KEY FACTS Monday’s 75th Emmy Awards aired on Fox and scored a 0.85 rating among adults 18-…
- One of the primary factors contributing to the surge in debt within the continent’s startup ecosystem is believed to be the decline in equity funding. Experts weigh in. “The preference for debt over equity in these sectors can indicate that startups are looking to avoid diluting ownership and are…
- TOPLINE Apple will be allowed to sell a redesigned version of some of its smartwatches, after successfully arguing that some models do not contain a contested blood-oxygen detection technology, a court filing revealed Monday, in an effort to overcome a recent ban implemented by the U.S.…
- The Manufacturers Association of Nigeria (MAN) has voiced concerns about the current state of the sector in the country. “Manufacturing growth rate nosedived to 0.48% in Q3 2023 as against 2.4% in 2021. Judging from the observed trend, it is obvious that the outlook for the manufacturing sector in…
- The members of the third annual 50 Over 50: EMEA list are shaping the future of science, fashion, finance, and even the Catholic Church. Here are the 50 founders, CEOs, humanitarians and vanguards across Europe, the Middle East and Africa, all proving that life’s second half is also its most…
- The accountants certified that Tingo Group had $462 million in the bank. The SEC says it was just $50. Short sellers are rejoicing. Hindenburg Research, known for sniffing out corporate scams, took aim in June at an obscure Nigeria-based outfit named Tingo Group. Hindenburg rolled out a report with…
- Topline: On Friday, January 12, Israel presented its legal defense at the International Court of Justice (ICJ) at The Hague, Netherlands, responding to a legal claim of genocide leveled at the country by South Africa as a result of its ongoing conflict in Gaza. South Africa brought the charge of…
- TOPLINE The Federal Aviation Administration announced Thursday it’s investigating whether Boeing failed to ensure its planes were safe for flying after a a “plug” door fell off a 737 Max 9 plane flying from Portland, Oregon. KEY FACTS The FAA said it notified Boeing of the investigation, saying it…
- Topline Thursday, January 11, marked the start of an unprecedented legal confrontation at the International Court of Justice (ICJ) in The Hague in the Netherlands, as South Africa argued that Israel’s actions in Gaza amount to “genocide”. The country has also condemned all violations of…
- More states are now giving money to families who pull their kids out of public school, creating a pot that can be spent on online learning and microschool programs. In September, Sandra Testo pulled her 14-year-old son, Keaton, out of his public middle school in Trinity, Florida—a response, she…
- Affinity Africa founder Tarek Mouganie is addressing the challenges of the unbanked in his country through digital finance. “As a result of having been excluded from financial services, small business don’t get created.” After dropping out of high school, Ibrahim Musa, a small business owner based…
- In 1943, the Royal Air Force looked for quick fixes to improve the probability that their bombers could complete their missions and successfully return home. One option was to add armor-plating, but what was the optimal placement which would ensure maximum protection without compromising the…
- The United States’ recent modifications to the African Growth and Opportunity Act (AGOA) signal a significant shift in its trade relations with Africa, intertwined with broader geopolitical implications and the emerging contest for influence on the continent. Experts weigh in. The United States (US…
- TOPLINE Johnson & Johnson will pay an estimated $700 million to resolve an investigation by more than 40 states into the pharmaceutical firm’s marketing of its talcum powder, according to Bloomberg, following thousands of lawsuits alleging it failed to warn customers about cancer risks. KEY…
- A school in South Africa is giving children from disadvantaged backgrounds the chance to excel – in football and in the professional workspace. “We’re the only place in southern Africa that’s giving an elite kid an opportunity to be holistically invested.” The Ubuntu Football Academy School in Cape…
- TOPLINE Hospitalizations for Covid spiked 20% in the week after Christmas, according to new data from Centers for Disease Control and Prevention, along with an increase in Covid deaths, and flu hospitalizations and deaths, solidifying what experts predicted to be a “severe” season for respiratory…