Continental Reinsurance Holdings Ltd. is looking to execute the first initial public offering on the Botswana Stock Exchange since 2017, as it seeks capital acquisition to facilitate its regional expansion. Continental Reinsurance Holdings Ltd. is launching the first IPO on the Botswana Stock Exchange since 2017 to fund regional expansion. Around 20% of the $155…
Tim Cook has stepped down as Apple CEO after 15 years, handing control of one of the world’s most valuable companies to longtime hardware chief John Ternus and closing an era of extraordinary global expansion that left Africa with a comparatively limited Apple footprint. Tim Cook has stepped down after 15 years as Apple CEO,…
Uber is pulling out of Nigeria and Uganda as the ride-hailing giant restructures its global operations, cuts about 3,300 jobs and shifts more investment toward autonomous vehicles and robotaxis. Uber will cease operations in Nigeria and Uganda from September 2 as part of a global restructuring plan. Despite leaving these two countries, Uber states it…
Spain’s King Felipe VI, a leader widely considered one of Europe’s most financially modest, is set to travel to the Spanish enclave of Ceuta, following the migration crisis that involved around 73,000 Africans. King Felipe VI of Spain is set to visit Ceuta following a major migration crisis involving around 73,000 Africans entering the enclave.…
South African energy and chemicals company Sasol has withheld its dividend despite reporting improved annual earnings because its debt remained above the limit set by its shareholder-distribution policy. Sasol’s headline earnings per share increased by 9%, while basic earnings per share rose 79%. The company did not declare a dividend. Net debt remained at approximately…
A former Ethiopian minister recently alleged that Egypt and its collaborators had initiated plans to cut off its access to the Red Sea, given Addis Ababa’s role as the source of the Abay (Nile) River. A former Ethiopian minister accused Egypt of attempting to block Ethiopia’s access to the Red Sea by fueling internal conflicts…
Sweden, a $760 billion European economy, has ended an 18-year development aid programme in Liberia worth SEK 5.77 billion (about $600 million) as the country redirects more of its resources towards Ukraine and a major expansion of defence spending. Sweden has ended its 18-year, $600 million development aid program in Liberia as of August 31.…
South Africa has reopened its search for a private investor in South African Airways, nearly two years after abandoning a proposed sale of 51% of the national carrier. South Africa has authorised a new competitive search for an equity partner for its national airline. The investor is expected to supply capital, aviation expertise and support…
The United States received 10,258 refugees in the first 10 months of its 2026 fiscal year, but an overwhelming 10,255 of them came from South Africa, as President Donald Trump’s policy of prioritising Afrikaner refugees dramatically reshaped America’s refugee intake. In the first 10 months of FY2026, the US admitted 10,258 refugees, with 10,255 coming…
