Paul van Zuydam has become South Africa’s newest dollar billionaire, joining the ranks of the country’s wealthiest individuals tracked by Forbes. Paul van Zuydam has been recognised as South Africa’s latest dollar billionaire with a net worth of $1.7 billion. Van Zuydam is the owner and chairman of Le Creuset, the renowned French cookware maker.…
Israel has formally recognised the Republic of Somaliland as Africa’s 55th independent and sovereign state, marking the most significant diplomatic breakthrough for the Horn of Africa territory since it declared independence from Somalia in 1991. Israel has officially recognized Somaliland as an independent and sovereign state, marking its first international recognition since 1991. The recognition…
Morocco has joined seven other African countries: Uganda, Egypt, Nigeria, South Africa, Tanzania, Ethiopia, and Zambia, facing growing delays in U.S. visa processing. Nine African countries, including Morocco, are facing extended U.S. visa processing times. Delays predominantly impact first-time B1/B2 applicants, students, business travelers, and family visitors. The rise in application numbers and stricter security…
U.S. President Donald Trump announced Thursday that American forces carried out airstrikes against Islamic State (ISIS) militants in northwest Nigeria, saying the strikes targeted extremist fighters he accused of killing “primarily, innocent Christians.” U.S. President Donald Trump announced airstrikes against ISIS militants in northwest Nigeria. The operation targeted extremists accused of attacking Christians. The Nigerian…
South Africa’s 123-year-old construction and engineering group, Murray & Roberts Holdings (MRH), has confirmed it will exit the Johannesburg Stock Exchange (JSE) in January 2026, ending its long history as a publicly-traded company. Murray & Roberts Holdings (MRH) will exit the Johannesburg Stock Exchange (JSE) in January 2026, marking the end of its long tenure…
Uganda National Oil Company (UNOC) has agreed to borrow up to $2 billion from a subsidiary of global commodities trading giant Vitol, marking one of the country’s largest energy-sector financing deals as it accelerates investment in domestic petroleum infrastructure. Uganda National Oil Company (UNOC) has secured a $2 billion loan from Vitol Bahrain E.C. to…
Across Africa, leadership is becoming a shared journey. Women are rising alongside men, driving influence across business, technology, culture, and philanthropy. Together, power couples are building legacies that extend far beyond individual success. Women across Africa are increasingly stepping into leadership roles, shaping the continent’s business, cultural, and philanthropic landscapes. Strive and Tsitsi Masiyiwa have…
A South African court has rejected a 54 billion-rand ($3.2 billion) settlement between the country’s energy regulator and power utility Eskom over a tariff-calculation error. The South African High Court rejected a R54 billion ($3.2 billion) settlement regarding an electricity tariff miscalculation involving Eskom. The court criticised the lack of transparency in the tariff adjustment…
South Africa’s plan to restructure its state-owned power utility, Eskom Holdings SOC Ltd., by splitting it into three subsidiaries is facing pushback from creditors and foreign funders. South Africa plans to restructure Eskom Holdings SOC Ltd. into a single holding company with distinct subsidiaries for distribution, generation, renewable energy, and transmission. This updated strategy diverges…
