- TOPLINE Stocks gained Wednesday thanks in part to another artificial intelligence-powered lift, as optimism emanating from the nascent technology keeps driving equities higher against a suboptimal macroeconomic backdrop. KEY FACTS The Dow Jones Industrial Average, S&P 500 and tech-heavy Nasdaq…
- Rwandan cinema is coming of age, with a new wave of artistes and filmmakers bent on reiterating the country’s indomitable creative spirit and putting its movies on the international map. By Ridhima Shukla The first feature film to ever come out of Rwanda was in 2001 titled 100 Days, a love story…
- This writer stepped into the metaverse for a flying taxi ride at the recent Mobile World Congress in Barcelona. And roll, fold, flip – more nifty tech is coming up in the world of mobile phones. By Nafisa Akabor One of the most popular stands at the Mobile World Congress (MWC) Barcelona, Spain,…
- TOPLINE The sister of a Saudi activist who was imprisoned in 2018 sued Twitter on Tuesday for allowing its employees to give private information identifying anonymous users to the Saudi government, which allegedly used the data to target and arrest dissidents—the latest allegation of Saudi…
- Is Africa’s tech industry missing out on top female talent? By Tiana Cline While African women continue to defy the odds as they assume various political leadership roles, the continent’s tech industry faces a serious gender issue. Despite endless global conversations around diversity within the…
- The party is over for struggling retailers that enjoyed a pandemic-era boost of cheap loans and stimulus-driven spending. Retailers that have no business still being in business are starting to go out of business. Unfortunately, it’s about time. This year is on track to be the worst year for retail…
- Reitumetse Kholumo, the 25-year-old founder of Kwela Brews, is working to ensure that indigenous knowledge systems and makers of homegrown alcohol (umqombothi) earn their rightful place in South Africa’s formal economy. In apartheid-era South Africa, it was popularly known that if women could not…
- After the MtGox hack, Tokyo put in place tough rules that later protected FTX customers. Now, from that secure base, it’s moving to allow blockchain technologies to flourish. More than a million investors around the world were left stranded when FTX suddenly collapsed in November with an…
- TOPLINE The already stuffed wallets of several billionaire insiders at Alphabet grew even fatter Thursday as shares of Google’s parent company rallied, after the company’s Wednesday announcement of various new artificial intelligence features—capped by integrating AI into Google’s search engine——…
- The United States (US) has accused the South African government of supplying ammunition to the Russian Federation through a ship that docked at a naval base in Simon’s Town in South Africa’s Western Cape province late last year. This shock allegation highlights the increasingly strained relations…
- Recently, there has been a surge of interest in cold plunges. Here are the benefits and latest research on their effectiveness. You begin the descent. As your feet and legs go into a rapid shiver, all you can think about is the wave of freezing cold climbing up your stomach. Finally you are up to…
- TOPLINE Google announced Wednesday that it’s giving its signature product, the search engine, an AI makeover—potentially transforming the way users view search results after Microsoft announced a similar plan. KEY FACTS Google results with AI will be available to select people in the U.S. who apply…
- In a world where the millennial/Gen Z notion of ‘nepotism babies’ has gained currency, the concept of ‘self-made’ has acquired new meaning and respect. These young achievers are starting from scratch to build businesses and brands that are totally solutions-oriented. For this coveted ninth annual…
- Despite the public roasting Levi’s took for flirting with AI, smaller clothing sellers who model their own products online maintain a growing interest in replacing themselves with the computer-generated kind. On Tracy Porter’s clothing site, it’s all Tracy Porter. Thin, blonde and 5-foot-10, the 55…
- Very rarely do we receive 30 Under 30 nominations from Lesotho, and even more rarely, finalists from the small landlocked southern African country. Monaheng is passionate about the energy space and doles out numbers easily. According to an African Development Bank report, “over 640 million Africans…
- The world’s most valuable startup does more than any other investment to put VCs on the Forbes Midas List, including its No. 1. But tens of billions in paper profits remain blocked by regulatory standoff without resolution in sight. It’s the biggest venture capital profit haul that no one wants to…
- That South Africa has just a single player featuring in Europe’s top five leagues is a telling indictment of the country’s football, which has seemingly been left behind by the rest of the world. By Nick Said England, Germany and France had seen a steady stream of South Africans since readmission…
- These coins are designed to protect stablecoin holders from inflation. But they are complicated and it’s not clear whether they will actually work. Stablecoins are digital tokens created to mirror the value of hard currencies like the U.S. dollar. They are critical for liquidity in the $1.2…
- Kenya is among several African countries that have experienced a decline in the local value of currencies. By Terryanne Chebet Kenya has had a tough few months: ballooning debt, an enormous wage bill, and a depreciating shilling exacerbated by global conditions. Now, the government is unable to pay…
- Coinbase, Binance and other exchanges hold at least $2.25 billion of shadow ether, as the latest lucrative innovation in digital assets ramps up. Cryptocurrency exchange Coinbase is sitting on a $1.5 billion pile of phantom cryptocurrency pegged to the price of ether. Binance has a similar $750…
- As sub-Saharan Africa’s second-biggest economy, South Africa is a booming business hub with a thriving informal economy that cannot be ignored. The country’s micro-enterprises and informal businesses are a crucial part of the National Development Plan for economic transformation, job creation, and…
- TOPLINE The Food and Drug Administration approved a first-of-its-kind RSV vaccine by pharmaceutical company GlaxoSmithKline for older adults on Wednesday, in time to help the U.S. combat RSV infections and deaths this year after a severe 2022 season. Key Facts GlaxoSmithKline’s Arexvy is now…
- By Godfrey Mutizwa The World Bank says the climate change fight demands a focus on long-neglected structural challenges that are worsening the impact of natural disasters in Africa and other developing countries. “Some of those structural challenges span from years of environmental degradation,’’…
- Kazadi emigrated to South Africa as a child from DR Congo and built a digital marketing agency in his adopted country. In early May last year, the 29-year-old died under murky circumstances. On April 28, 2022, Christian Kazadi was enjoying a sunrise safari in Botswana. Sporting a corduroy fleece…
- Q&A with Crispin Achola, General Manager of BAT East and Southern Africa Markets. Following your departure from BAT in 2017 after 18 years and your subsequent return in 2021, what are your key highlights? My team has been invaluable in helping me settle back upon my return, and now, as we…
- Where does the continent fit into the chatbot conversation, and why it needs its own startups that focus on AI. By Tiana Cline The ability to be able to have a conversation with someone else is a fundamental part of what it means to be a human being but today, it’s becoming more and more […]
- Remember the thousands of flight cancellations, endless lines and lost baggage nightmares from last year? Experts warn it could be even worse in 2023. Here’s how to book smarter and fly right in the midst of another Air-mageddon. Pack your patience, travelers. Those hoping that last summer’s “…
- Tanzania’s beer-guzzlers have a locally-brewed option as this entrepreneur attempts to change the country’s drinking culture with a social enterprise. By Inaara Gangji “Tanzania has a rich beer history. Each tribe has its own beer. They were producing beer [even] before the Germans,” Swiss native…
- TOPLINE Big-tech stocks rallied after earnings this week and drove big gains for major indexes, but the number of stocks actually outperforming the broader market has slipped to levels unseen in decades—and in some cases, ever—pushing some experts to warn the strength may be a telltale sign of…
- With his recent album, Timeless, making waves, Nigerian Afrobeats star Davido’s much-anticipated performance at the Forbes Under 30 Summit Africa in Botswana did not disappoint. The internationally-acclaimed singer, songwriter and producer also sat down with FORBES AFRICA to talk music and life. “…
- TOPLINE New Covid strain XBB.1.18, nicknamed arcturus, is quickly spreading across the U.S., but experts are warning that pink eye and high fever, two symptoms of the new variant, are particularly present among children. KEY FACTS Arcturus is a subvariant of the highly contagious omicron variant,…
- An armed conflict headed by the armed forces chief, General Abdel-Fattah Burhan, and the head of the Rapid Support Forces paramilitary group, General Mohamed Hamdan Dagalo, began on April 15 in Sudan. The conflict rages on in the capital city of Khartoum and the Darfur region, where at least 460…
- TOPLINE The market value of LVMH, the company chaired by the world’s richest person Bernard Arnault, just surpassed that of Tesla, the firm led by the world’s second-richest person Elon Musk, for the first time in several months, as Arnault’s lead on Musk as the richest man extends to nearly $70…
- With over 600 young brand ambassadors and/or business leaders expected to be part of the four-day event, the Forbes Under 30 Summit Africa kicked off in Botswana’s economic and political capital, Gaborone, on April, 23. Thousands gathered in Botswana’s capital Gaborone yesterday, April 23, in the…
- Nomcebo Zikode, the multi platinum-selling South African singer-songwriter who won the Grammy in February for Global Music Performance with Wouter Kellerman and Zakes Bantwini, will be performing at the pan-African welcome celebration of the Forbes Under 30 Summit Africa in Gaborone, Botswana, on…
- TOPLINE The Gen Z generation is tracking ahead of Millennials and Gen X for homeownership, a new Redfin study shows—but the housing market threatens to create inequality across generations as those who didn’t buy homes in the past three years now face elevated prices and mortgage rates. KEY FACTS…
- Winifred Nwania is using her status as a YouTuber and influencer to seek out Nigeria’s rich repertoire of ingredients and recipes to put her country on the global food map. When Winifred Nwania was 12 years old, her world turned upside down. The happy, idyllic life she and her six siblings were…
- TOPLINE Facebook and Instagram parent company Meta began laying off thousands of employees Wednesday, nearly a month after CEO Mark Zuckerberg announced the social media giant’s latest round of layoffs, as high inflation and economic instability continue to push major U.S. companies to reduce their…
- TOPLINE India will overtake China to become the world’s most populous nation by this summer, data released by the United Nations on Wednesday showed, a tipping point that highlights shifting demographics between the two Asian countries collectively home to more than a third of the global population…
- This is a business that started with two things. “$150 and resilience!” “I call myself the jack of all trades and muscle [to mean strength] of everything,” Oluwabusayo Victoria Abiri says to FORBES AFRICA. “My business is all about making sure that all black women feel comfortable in their own skin…
- TOPLINE A new TikTok trend known as “Watertok” has made a splash in recent weeks — as users experiment with flavored water “cocktails” — but the trend has raised many questions, including a debate over whether the drinks are still technically “water” and whether there are health risks associated…
- TOPLINE Alphabet shares are on pace for their worst day in over two months following a report indicating the Google parent company is in danger of losing a key multibillion-dollar search engine contract to Microsoft, as the artificial intelligence rivalry between the two technology giants rages on…
- By Colin IlesThe writer curates thought leadership events that help executive teams transform their organizations; visit coliniles.com. What do all great leaders have in common? Number one on my list is they have all achieved mastery in using storytelling to influence at scale. The book Uncle Tom’s…
- The certification is awarded to employers that provide excellent employee conditions, nurture and develop talent across all levels of the organization, and strive to optimize the employee experience and employment practices. Absa retained the certification in all five markets that were recognized…
- Mercedes-Benz South Africa is committed to enriching the world of work through its employee offerings and conditions. Mercedes-Benz South Africa is committed to advancing codes of good practice, transforming the automotive value chain, and empowering people and communities. Building the world’s…
- Name: Angela Mwanza Firm: UBS Private Wealth Management Location: New York, NY AUM: $878 million Forbes Rankings: Best-in-State Wealth Advisors, Top Women Wealth Advisors Best-In-State, America’s Top Women Wealth Advisors Background: Angela Mwanza was born and raised in Zambia, where her family…
- Nigerian footballer Ositadimma Umenyiora, who won the Super Bowl championships twice, is now identifying talented youth in the UK and Africa and providing them with training and scholarships to attend prestigious universities and play professional football. The Superbowl, the annual football…
- Africa’s surge in Foreign Direct Investment (FDI) in recent years is a sign of the burgeoning interest Africa holds for global investors. Ethos Asset Management, a debt financing firm, held a workshop in Cape Town, South Africa, highlighting its increasing presence on the continent. The 2022 World…
- TOPLINE Birth control with fewer side effects could be a possibility in the future, as a study published Thursday found that ovulation can still be effectively prevented when the dosage of hormones in birth control is reduced by up to 92%. KEY FACTS Researchers examined women aged 20 to 34 with…
