A senior South African lawmaker on Monday accused Communications Minister Solly Malatsi of attempting to weaken the country’s local ownership laws to accommodate foreign companies such as Elon Musk’s Starlink. Communications Minister Solly Malatsi accused of weakening local ownership laws for foreign companies like Elon Musk’s Starlink. Current local ownership regulations mandate at least 30%…
Cassava Technologies is considering an investment of up to $720 million in Africa’s first artificial intelligence factory, which will be developed by Nvidia Corp. Cassava Technologies plans to invest up to $720 million in Africa’s first artificial intelligence factory with Nvidia Corp. The AI factory will be rolled out across key markets in South Africa,…
In the latest global On-Time Performance (OTP) rankings, Oman Air has taken the top spot, delivering an impressive punctuality rate of 96.37%. Oman Air has the highest punctuality rate of 96.37% in the latest global On-Time Performance rankings On-Time Performance reflects the percentage of flights that depart or arrive within 15 minutes of their scheduled…
The Trump administration has reaffirmed its support for the ambitious Angola-Zambia-DRC rail corridor project in Africa. The Trump administration has reaffirmed its support for the ambitious Angola-Zambia-DRC rail corridor project The project has garnered significant support from international entities, with funding commitments exceeding $1 billion The project is seen as a crucial component of Africa’s…
MTN Group has formed a strategic partnership with UK-based video software company Synamedia to create a new streaming platform. MTN Group forms strategic partnership with Synamedia to create new streaming platform for mobile and fibre users in Africa. MTN evolving into tech-driven media player, expanding into fintech, digital services, and entertainment. MTN enters the streaming…
The combined net worth of African billionaires for the first time has crossed the $100 billion threshold, as per Forbes. The combined net worth of African billionaires has crossed $100 billion for the first time, as per Forbes. Aliko Dangote, Africa’s richest man, secured the top spot on Forbes’ list of African billionaires. The combined…
As the Alliance of the Sahel States (AES), a very young regional group consisting of Burkina Faso, Mali, and Niger, continue to seek full administrative autonomy, they are looking to Russia for key defense partnerships. The Alliance of the Sahel States (AES) comprising Burkina Faso, Mali, and Niger is seeking full administrative autonomy The AES…
Zimbabwe’s President Emmerson Mnangagwa has announced a suspension of tariffs on US imports, aiming to strengthen bilateral trade ties with the United States. Zimbabwe’s President has suspended tariffs on US imports to strengthen trade ties The move is in response to the 18% tariffs imposed on Zimbabwean exports by the US Introduction of ‘Liberation Day’…
There seems to be a contradiction in the Nigerian oil market given the considerable shift in crude prices, spurred by Donald Trump’s tariff policy. Crude prices fell to $65 per barrel due to Trump’s import tariffs and OPEC+ supply increase. Landing cost of petrol dropped to N865, but ex-depot petrol price increased to N900 per…
