A new United States Senate bill aiming to extend the African Growth and Opportunity Act for two years has triggered fresh diplomatic tension by proposing the explicit removal of South Africa from the trade programme. A new US Senate bill seeks to renew AGOA for two years but explicitly removes South Africa from the programme.…
South Africa has formally handed over the G20 presidency to the United States, concluding a week of delicate diplomatic manoeuvring over protocol and representation. South Africa has officially transferred the G20 presidency to the United States. The handover was conducted in a modest ceremony in Pretoria without heads of state present. Both governments agreed to…
Zimbabwe is preparing to introduce one of its toughest enforcement regimes yet for the mining sector, with companies set to lose their licences if they fail to meet environmental standards. Zimbabwe is preparing a sweeping reform that could strip mining companies of their licences for environmental violations. Mines Minister Winston Chitando says the new Responsible…
New Balance opens a new store at Somerset Mall in Cape Town as American companies expand into South Africa, the continent’s most diversified economy. New Balance has opened a new store in Somerset Mall, Cape Town, marking its 16th store in South Africa, with future plans to open four more by 2026. The store introduces…
Kenya continues to face a high risk of debt distress, according to the World Bank’s latest economic update. The World Bank warns Kenya remains at high risk of debt distress, with public debt climbing to 68.8% of GDP in FY24/25. Domestic borrowing now makes up over half of total debt, driven by infrastructure and social…
Africa’s corporate landscape in 2025 is defined by a mix of financial powerhouses, telecom giants, and globally influential resource companies. Africa’s corporate landscape in 2025 is dominated by financial, telecom, and mining giants, with South Africa leading the rankings. Naspers retains its position as the continent’s most valuable company with a valuation of $40.4 billion.…
