- The BK Arena in Rwanda’s capital city Kigali was the stage for some electrifying performances as global artists enthralled basketball fans and excited locals at the grand opening of the first-ever week-long Giants of Africa festival on August 13. The event, graced by Rwanda’s President Paul Kagame…
- TOPLINE Barbie was pulled from theaters in Algeria this week, joining a growing list of countries that, despite the summer blockbuster’s widespread success, have banned the film because of its themes of gender and sexuality or because of the film’s alleged use of a controversial map. (Say what?)…
- TOPLINE Ozempic and Mounjaro manufacturers are being sued over claims that the drugs cause gastroparesis, a severe stomach disorder, but some experts believe this assertion is inaccurate because the drugs only cause a temporary delay in stomach emptying. KEY FACTS Earlier this month, a personal…
- Exploring the emerging trend of using cryptocurrency as a hedge against inflation, highlighting real-world applications and driving economic growth in South Africa. Cryptocurrencies have had a tumultuous history, often marred by speculation and fraudulent activities. However, the recent decline in…
- Food waste costs grocery stores $28 billion every year. Afresh is working to slash that number. Albertsons wants to sell fresh raspberries. Not raspberries that are mushy. Or moldy. Or that will be inedible the day after you stick them in your fridge. But raspberries that are red and juicy and…
- TOPLINE Niger’s military junta announced plans to charge ousted President Mohamed Bazoum with “high treason” and undermining national security, defying international pressure to release and reinstate the democratically elected leader and raising tensions in the region just hours after coup leaders…
- Isaac Oladipupo, the CEO of Afrilearn, co-founded the edtech startup with Gabriel Olatunji-Legend in 2019 with a bold vision: to provide affordable, world-class education for Africans anywhere. For millions of children and young people in Africa, access to quality education is often limited by…
- Africa’s secret weapon in the global energy race – green hydrogen. The continent has the potential to flip the script, transitioning from a fossil fuel consumer to a green energy titan. The global energy transition has a burgeoning champion – green hydrogen. Often overshadowed by solar and wind,…
- The country is making its mark in the field of IT, positioning itself as a significant player on the African continent. With an estimated GDP growth of 6.3% in 2024, the country is undergoing an ICT digital transformation that promises to drive further economic growth. The expansion of network…
- TOPLINE Tech executives Mark Zuckerberg and Elon Musk suggested in June they’d be interested in clashing in a UFC-style cage fight, and egged each other on while tensions escalated between the two billionaires and their companies—but Zuckerberg downplayed the potential of a billionaire brawl Sunday…
- After taking the daring step of unifying the Naira, the Central Bank of Nigeria (CBN) has reported a composite foreign exchange (FX) influx of $2.55 billion in two months. This increased inflow was predominant in the Investors and Exporters (I&E) window, marking $1.41 billion in June, up from $…
- From Hackney to Hollywood, Idris Elba has always had one thing on his mind – Africa. He is now investing in the continent’s movie industry, is on course to build a smart city in Sierra Leone, is tackling the climate crisis and as a true ‘son of the soil’, is also lending a helping hand […]
- TOPLINE Global oil demand reached record levels in June and is poised to peak again in August, the International Energy Agency said on Friday, warning that price hikes could be on the horizon as slowing outputs from major suppliers like Saudi Arabia tighten supply. KEY FACTS World oil demand hit a…
- The Radisson Blu Hotel & Convention Center in Kigali is just 5km from the bustling city center and Kigali International Airport (KGL). Our contemporary hotel offers you all the comforts and amenities that you’ve come to enjoy and expect from a world-class hotel. Chic Accommodation, Excellent…
- Africa’s largest economy has received a positive assessment from Standard and Poor’s (S&P) Global Ratings, which upgraded the country’s credit outlook from negative to stable. The ratings agency cited the new government’s reform agenda as the main reason for the improved outlook. Nigeria has…
- Earning the support and trust of the community surrounding the Malaika school in the Democratic Republic of the Congo (DRC) was vital in its early days, and still is today, says the non-profit’s founder and philanthropist, Noëlla Coursaris Musunka. In the heart of Kalebuka – a village in Lubumbashi…
- TOPLINE New research found that organs like the heart, liver and kidneys may still be affected by Covid well after the lungs have healed, affirming previous research that long Covid can affect multiple organs. KEY FACTS A new study published in Science Translational Medicine on Wednesday reviewed…
- TOPLINE Google and Universal Music Group are discussing whether to license artists’ melodies and vocals for AI-generated music, according to the Financial Times, following a recent trend of music produced by artificial intelligence that has faced backlash—and support—from music labels and artists.…
- Entrepreneurship is a risky game. Ask these women who have had to create their own rules and lead with hustle and heart. They entered the game at different times but have one thing in common – their focus on the finish line. They are in it to win it, come what may. A Women’s Month […]
- The president of the World Bank, Ajay Banga, visited Nigeria to reaffirm support for the bank’s aspirations “for Nigerians to live with dignity in a prosperous and climate-resilient Africa”. In a CNBC Africa exclusive interview on Monday, Banga disclosed: “Talks with President [Bola] Tinubu have…
- Considered the most entrepreneurial continent in the world, Africa is also home to the highest proportion of women entrepreneurs globally, with 58% of the continent’s self-employed population being women who contribute some 13% of Africa’s total GDP. According to the 2022 Mastercard Index of Women…
- TOPLINE Moderna and BioNTech shares both cratered to their lowest price in years Monday as the companies behind the most widely-circulated mRNA Covid-19 vaccines grapple with investor disappointment with crashing revenues. KEY FACTS BioNTech and Moderna’s stocks fell 8% and 6%, respectively, a…
- An in-depth look at investment in some of the continent’s most promising entertainment industries reveals areas of growth, challenges and what the future might hold. Africa’s heartbeat is in rhythm with the passion, culture and creativity of its people. On a continent of 1.4 billion people…
- The recent coup in Niger has escalated tensions in West Africa as the junta defies ECOWAS’s deadline for reinstating President Mohamed Bazoum. Niger has closed its airspace following the expiration of a deadline imposed by the Economic Community of West African States (ECOWAS) for the reinstatement…
- TOPLINE Billionaire Elon Musk—the owner of X, previously known as Twitter—made a broad offer in a tweet late Saturday night, saying the platform will fund legal fees for people who “were unfairly treated” by their employers because of something they posted or liked on X. KEY FACTS Musk added in the…
- Among the key topics to be addressed at the BRICS Summit in August are the expansion of the bloc, a common currency within it, and ensuring food and energy security. After three years of virtual summits, South Africa is hosting in person the 15th BRICS Summit at the Sandton Convention Centre in…
- From being the 12th-largest beer-consuming nation to pioneering Rooibos-infused brews, South Africa’s beer industry shows no signs of slowing down, as we explore on International Beer Day. Today marks International Beer Day and South Africa raises its glasses to an occasion that epitomizes its…
- Company’s offer of $60 along with proof you aren’t a robot has hidden risks. Why trust a private enterprise with your biometric data? Worldcoin’s campaign to literally capture eyeballs on the internet is coming up against security concerns as critics question whether the benefits of the iris-…
- Africa is young, vibrant and full of potential for rapid economic growth. All it requires is increased and sustainable investment in human capital. Africa’s young people are energetic and ambitious. As the most connected generation of Africans in history, they hold the key to unleashing greater…
- TOPLINE Bot accounts and tweets from Twitter owner Elon Musk amplified the prices of FTX-listed cryptocurrencies, according to a Network Contagion Research Institute study published Wednesday, which took a close look at the sort of spam accounts that Musk recently claimed have been mostly tamed.…
- A week before the 2023 French Open, South African tennis ace and paralympian Kgothatso Montjane said on radio that she wanted to top her achievements with a Grand Slam win “to validate everything”. “And then I went out to win the Grand Slam, it was just unbelievable!” she says now, back in South…
- TOPLINE The U.S. women’s national team game against the Netherlands was last week’s most-watched show on television as it broke records for the highest-ever English language viewership of a group stage match in women’s FIFA World Cup history. KEY FACTS The match, which saw the two teams draw 1-1,…
- “It’s not just a knowledge-sharing initiative,” Business Unity South Africa (BUSA) CEO, Cas Coovadia, tells FORBES AFRICA of its collaboration with government. This is following a pledge by CEOs from over 115 of the country’s leading corporations to contribute to addressing challenges around energy…
- TOPLINE Pfizer CEO Albert Bourla said during an investor call Tuesday the Food and Drug Administration could authorize the company’s new Covid-19 booster shot by the end of the month—moving closer to a system of regular flu-like vaccinations that keep up with the coronavirus as it evolves and as…
- Basketball lovers consider Giannis Antetokounmpo’s visit to Nigeria significant, as it reflects a growing interest in Nigerian basketball and the recognition of the country’s athletes on a global stage. Greek-Nigerian basketball star Giannis Antetokounmpo (originally Adetokunbo), a two-time…
- The June/July 2023 issue of FORBES AFRICA was my favorite reading for the month as it touched on a subject close to my heart – agriculture. In a conversation with Dr Akinwumi Adesina (President, African Development Bank) a few years ago, he talked about the importance of agriculture (one of his ‘…
- TOPLINE The National Institutes of Health is launching a second phase of clinical trials for treatments of long Covid, the agency announced Monday—the latest step in addressing the poorly understood long-term impacts of Covid-19. KEY FACTS The NIH is seeking people who are experiencing long Covid…
- Greta Gerwig’s Barbie and Christopher Nolan’s Oppenheimer are bringing audiences back to the cinemas. ‘Barbenheimer’ fever is gripping South Africa too. The word, coined by social media users days ahead of the simultaneous release dates of Greta Gerwig’s Barbie and Christopher Nolan’s Oppenheimer,…
- Suit Luxe is a suit business specializing in bespoke suits, shirts and shoes. It was founded by Xolisa Mgqubeni, who is originally from a town called Mthatha in the Eastern Cape, South Africa. Mgqubeni then moved to a small township called Khutsong located in Carletonville, in the West Rand during…
- TOPLINE Several large technology stocks soared Friday to their highest level this year as blockbuster earnings and uplifting economic data kept the blistering stock market’s momentum going. KEY FACTS Shares of Alphabet (up 3%), Meta (up 4%) and Intel (up 6%) each set 2023 highs as investors…
- The unfortunate developments relating to the Black Sea grain shipments are not good news for India and the African continent. Food prices and security are threatened and big power rivalry is ensnaring us developing countries once again. India believes the G20 agenda should be protected from this…
- New MoU signed between Central Bank of Nigeria and Central Bank of Egypt to boost fintech innovations. The Central Bank of Nigeria (CBN) and Central Bank of Egypt (CBE) are enhancing fintech innovation and collaboration between their African powerhouse economies, Nigeria and Egypt. At the Seamless…
- Attendees at the just-concluded Women Deliver 2023 Conference in Kigali exchanged ideas and experiences through thought-provoking discussions that set the stage for the unveiling of new and transformative policy frameworks supporting women’s rights and issues. In the heart of Kigali, Rwanda, the BK…
- The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has voted to raise the benchmark interest rate by 25 basis points. It also called for the exploration of policies that enhance investor confidence in the Nigerian economy and create opportunities for both foreign and domestic…
- In the wake of a military coup in Niger and condemnation from international bodies, the uncertainty raises concerns about regional stability. As dawn broke over Niamey, the capital city of Niger, a startling announcement was made yesterday on national television – soldiers had detained President…
- After a long and stressful but successful debut at Paris Fashion Week and becoming one of the few designers from Africa to do so, Aryea Kolubah is holidaying in Jamaica when she sits down for this Zoom interview with FORBES AFRICA. Her eccentric and bold designs wowed the fashion stage in March,…
- The scent of home is a comforting one. With Yerwa Secrets, these fragrances become a fusion of select smells that leaves you emanating success. What is your favourite smell? The earth’s soil after a rainy day? Freshly baked bread? Or maybe it’s the scent of home? One that leaves you warm and…
- Chatbots are increasingly being used by companies to interview and screen job applicants, often for blue collar jobs. But like other algorithmic hiring tools before them, experts and job applicants worry these tools could be biased. In early June, Amanda Claypool was looking for a job at a fast-…
- This is set to elevate the overall credit share of SMEs from the current 9% to 25% over the next few years. With the goal of reaching CFA3,000 billion ($5 billion) in outstanding loans by 2028, Senegal aims to empower and uplift its small and medium-sized enterprises (SMEs) for accelerated growth…
- Thami Nkadimeng continues to use her background in communications to make positive change and contribute towards the United Nations’ Sustainable Development Goals. She continues to work with presidents, leaders, executives, corporates and organizations worldwide and has recently been selected as…