- At age 51, she landed her family a reality TV show that would change everything. Fifteen years later, the “momager” still gets a cut of her kids’ 15 businesses and, more recently, is striking out on her own. Kris Jenner is art directing her own Forbes photo shoot. “That’s cute!” Jenner, 66, beams…
- TOPLINE Netflix gained 2.4 million new paid subscribers in the third quarter of this year, the company said in an earnings report Tuesday, a reversal for the streamer after reporting losses for the first time in 10 years over the last two consecutive quarters. KEY FACTS Netflix reported 223.09…
- Digital businesses are changing the face of the entrepreneurial world globally. It’s estimated that the rise of online businesses is set to surpass the popularity of mainstream ventures. With the advent of technology, anyone with a working computer and internet can become financially independent.…
- Foluso Ogunwale, the Founder and CEO of I-Fitness, wants to make sure Africa’s most populous country is also a healthy one. ANY FAST- paced city with an urban populace comes with its share of lifestyle diseases and the need for a well-defined fitness and wellness culture. Lagos is no different, yet…
- Are African financial markets in a better place than a year ago? As the leading banking group on the continent, this is a key question we consistently interrogate across our operations. While it is very difficult to model for outlying events such as the COVID-19 pandemic or events in Russia and the…
- TOPLINE French dairy and food giant Danone on Friday announced plans to exit the Russian market, following the likes of Pepsi, Coca-Cola, McDonald’s and other global food brands to exit the country amid its ongoing invasion of Ukraine. KEY FACTS In a press release, Danone said it has begun the…
- Top Line With most businesses now moving into the hybrid mode of working, whether working from home or office, internet connectivity needs to be at its best. A recent study by Surfshark reveals that South Africa has the best internet in all of Africa, although globally, it only ranks 66. Key Facts…
- TOPLINE Crypto markets tumbled Thursday morning in anticipation of new federal data, which revealed consumer prices rose 8.2% over the past 12 months—continuing crypto’s fall as investors fear rising inflation and a new round of potential interest rate hikes could tip the economy into a recession…
- Liked Black Panther? The Woman King, starring Viola Davis and Thuso Mbedu, is a tough, rewarding epic on sisterhood and empowerment. Director Gina PrinceBythewood tells us more about the just-released historical film shot in South Africa. ‘Telling the story of us!’ BASED ON A TRUE STORY, THE WOMAN…
- TOPLINE Elon Musk, the world’s richest man, announced a fresh foray into the perfume industry on Tuesday, hawking a “Burnt Hair” fragrance that he claimed sold 10,000 bottles within hours of launching, continuing the billionaire’s record of capitalizing on humor and his enthusiastic fan base to…
- An intrepid 22-year-old entrepreneur from Sierra Leone has founded an eco-friendly paper bag company – something he has kept at doggedly despite the challenges a developing economy can present. TWO DIFFERENT SCENARIOS. ONE PRODUCT. Amadu Deen Bah was raised by a single mother in Freetown, Sierra…
- TOPLINE Nissan has agreed to sell its Russian business unit to the state-owned automotive institute NAMI for a token sum of €1, the Japanese car maker announced on Tuesday, becoming the latest global automaker to exit Russia amid its ongoing invasion of Ukraine. KEY FACTS In a press release, the…
- AFRICAN STARTUPS ARE RAISING UNPRECEDENTED AMOUNTS AT RECORD SPEED. FOR NOW, THE CONTINENT IS THE ONLY REGION IN THE WORLD SEEING A RISE IN VENTURE CAPITAL FLOWS. PERSPECTIVES FROM WEST AFRICA. AS FUNDING FOR STARTUPS FALLS ACROSS the globe, Africa it seems is undergoing a renaissance in this…
- TOPLINE Women and people who needed to be hospitalized with Covid are much more likely to develop long Covid, according to a new peer-reviewed study published in JAMA on Monday, offering new insight into the persistent and sometimes disabling condition as researchers push to develop new treatments…
- Despite the economic outlook in the region, the high-net-worth segment has been growing over the last decade, reaching a crescendo with the recent entrance of new foreign private banks and wealth management services into the regional market. FORBES AFRICA takes a look at these movements on how the…
- TOPLINE Billionaire musician Kanye West—in the midst of a troubled meltdown on social media after a controversial show during Paris fashion week—had his Instagram account restricted and posts deleted, parent company Meta confirmed to Forbes on Saturday, after a since-deleted, and apparently…
- This article has been translated and republished with permission from Forbes Africa Lusofona. This article first appeared here. “Our vision remains as clear as ever, as does our determination to seize opportunities inside and outside Nigeria. Angola represents an opportunity for our shareholders to…
- “[Burj Zanzibar] will support the tourism sector as the Burj Zanzibar will be an architectural landmark attracting visitors and will complement [Zanzibar’s] Stone Town as a World Heritage Site.” By Inaara Gangji The Indian Ocean island of Zanzibar aims high with plans for a 28-story, 96-meter tall…
- TOPLINE The Centers for Disease Control and Prevention asked U.S. health care practitioners on Thursday to monitor for potential Ebola infections, as an outbreak of the disease in Uganda impacts dozens of people—though no U.S. cases have been confirmed, and infections in Uganda remain much lower…
- Some of the ads include descriptions of sexual violence, paired with images of battered women and photos of male fitness influencers, which were used without permission. Apps backed by ByteDance and Tencent have been running hundreds of ads on Facebook and Instagram containing sexually explicit…
- Most job postings tell you the title of the position, the experience employers require and the responsibilities for the role, but leave out the most essential information: The salary. But that’s about to change, according to a new survey that finds a flood of new employers plan to publicly post pay…
- How do you sum up 100 years in one evening? Sounds impossible. But not for Glenfiddich, who have, in partnership with Proud Mary, launched South Africa’s first 100 Club and Whiskey Vault. In business, it’s always about the ‘Three Ps’ – profit, people and planet. And for this experience, here’s…
- TOPLINE Billionaire Elon Musk has agreed to follow through with a deal to buy Twitter at the original price, the company disclosed Tuesday, causing Twitter shares to skyrocket and possibly ending a seven-month legal saga just two weeks before the world’s wealthiest man and the social media company…
- The world of wealth is ever-changing, yet everlasting. High-net-worth individuals (HNWIs) across the continent are constantly having to keep up with their wealth and the factors that impact it; like the pandemic, rising inflation and the economy’s boom and bust cycles. That is why safeguarding…
- The Transnet regional conference, held for the first time ever, collated information on the regional development of port and rail systems and in attendance were regulatory bodies, business leaders and industry experts focused on connecting Africa. The inaugural edition of the Transnet regional…
- Recruiters, leadership experts and board directors say the path to the top job, and the skills needed to succeed in it, has changed. The mission of a CEO used to be fairly straightforward. Set the vision and strategy of your company and make sure the right people are in the right roles. Be…
- AS ALL COUNTRIES CONTINUE to deal with meteoric inflation caused mainly by high energy prices and the disruption of supply chains, the conflict in Ukraine continues unabated. There is food and water shortage, fires, droughts in places, floods in others, unemployment, and rising prices of essential…
- For many teenagers, the reading and writing platform is a creative and educational outlet. But a Forbes investigation found that it’s also a place where sexual predators target and exploit vulnerable teens, in some cases leading to sex trafficking and assault. To the 94 million people that use it…
- Wealth. For the majority of people who aspire to attaining it, the word simply means an abundance of money. But to those who have achieved a measure of financial success, or who are already well on the road to doing so, the concept of wealth usually takes on a much broader meaning than just having…
- Topline Trevor Noah is stepping down from The Daily Show after seven years. He took over the USA late-night talk and satirical news television program after Jon Stewart left. Key Background “One of the things I found myself experiencing through-out the night and even today was a feeling of…
- The world of wealth is ever-changing, yet everlasting. High-net-worth individuals are constantly having to keep up with their wealth and the factors that impact it, like the pandemic, rising inflation and the economy’s boom and bust cycles. Safeguarding their money through volatile markets is of…
- TOPLINE The environmental cost of producing bitcoin places the digital asset alongside some of the world’s most environmentally unfriendly industries, according to a new study published in Scientific Reports on Thursday, amid increasing scrutiny over the sector’s environmental footprint and debate…
- Johnnie Walker sees an Africa reshaping itself through music – and celebrates the artists who march to their own beat. When Zambian hip hop star, Cleo Ice Queen, signed to Johnnie Walker as a brand ambassador in 2022, she joined a cast of top talent such as Nigerian star Burna Boy, producer Don…
- TOPLINE Apple shares tumbled Wednesday amid a broader market gain due to a report on lowered iPhone 14 production, shedding about $50 billion in market capitalization, but analysts say the dip is an unnecessary knee jerk reaction and retain a strong view on the current iPhone cycle. KEY FACTS Apple…
- TOPLINE People vaccinated against monkeypox were 14 times less likely than those who were not vaccinated to contract the disease, Centers for Disease Control and Prevention Director Rochelle Walensky said Wednesday, offering the first data on the real-world effectiveness of the Jynneos vaccine…
- The 2022 GovTech conference, a pre-eminent South African information communication technology focusing on public and private sector ICT service delivery, discussed how technology can facilitate socio economic transformation, drive Infrastructure development, and digitally transform the African…
- Q. This year, Mastercard is hosting the second edition of ‘Collaborate to Innovate’, a virtual event that enjoyed huge success last year. What’s new this time and tell us more about why you chose ‘Future Ready’ as this year’s theme. Every day, things are changing around us. About the only thing we…
- “Do I need to start speaking in my local dialect before I can get business?” A new directive by the Advertising Regulatory Council of Nigeria bans the use of foreign models and voice-over artists in local advertising campaigns from October 1. According to the council, all local advertisements,…
- TOPLINE Medical cannabis could be a viable substitute for effective, but highly-addictive, opioids often used for pain relief, a new survey suggests, as researchers continue to explore the potential health benefits of cannabis amid a growing national opioid crisis. KEY FACTS Roughly 90% of more…
- TOPLINE Oil prices continued to plummet on Monday, plunging to their lowest levels since January and continuing weeks of decline as fears of a looming global recession mount, inflation rates remain historically high and the strong performance of the U.S. dollar dampens demand. KEY FACTS The price…
- TOPLINE Conditions like Alzheimer’s and dementia may put patients at an even greater risk of death from Covid-19 than heart disease and other ailments thought to be the most dangerous, according to a new study published Tuesday. KEY FACTS Patients with dementia and degenerative neurological…
- Adetomi Soyinka, Director Higher Education, British Council, Sub Saharan Africa. In a world transformed by technology African universities have a vital role to play in ensuring that young people develop the skills required to remain relevant and employable in an increasingly automated world and to…
- Employees think they’re being just as productive as ever. Bosses aren’t buying it. New data from Microsoft’s Work Trend Index, which surveyed 20,000 employees across 11 countries, finds that despite early signs of a productivity boom during the pandemic—when many workers traded commuting time for…
- TOPLINE Nearly a week after Iran’s internet went dark amid widespread—and deadly—anti-government protests in the wake of 22-year-old Mahsa Amini’s death in police custody, Elon Musk’s Starlink satellite service may be able to begin providing internet access after U.S. officials lowered key…
- “Make 2023 Your Year!” It’s that time of the year again! FORBES AFRICA is calling on Africa’s brightest visionaries, risk-takers, change-makers and pioneers to take their place on the continent’s sought-after 30 Under 30 list. For 2023, we are now on the quest for 30 of Africa’s most ingenious…
- Nasdaq is taking its first steps into crypto services with an emphasis on security, entering the business with a custody product for bitcoin and ether aimed at institutional investors. “We feel that custody is foundational to any other service that we build,” says Ira Auerbach, the newly named head…
- TOPLINE Boeing agreed Thursday to pay $200 million to settle Securities and Exchange Commission charges that it misled investors after two deadly 737 MAX crashes killed 346 people and brought its fleet to a 20-month standstill—the latest settlement struck by Boeing after the 737 disaster. KEY FACTS…
- “We challenged the legality of the levy. LHRC supports the payment of tax but imposing a levy on top of [regular] taxes is not fair.” By Inaara Gangji The government of Tanzania removed levies on electronic money transactions up to Tsh30,000 through banks and is once again reducing mobile money…
- A new Forbes analysis of 157 crypto exchanges finds that 51% of the daily bitcoin trading volume being reported is likely bogus. ithin the emerging and turbulent market for cryptocurrencies, where there are no fewer than 10,000 tokens, bitcoin, is the great granddaddy, the blue-chip, representing…
- TOPLINE Non-communicable diseases like heart disease, diabetes and cancer are responsible for nearly three-quarters of deaths worldwide but are often “overlooked and underfunded” because few understand their true impact, according to a new report from the World Health Organization published…
