South Africa’s largest mobile operator, Vodacom Group Ltd., is set to take control of East Africa’s biggest telecom, Safaricom Plc, in a multi-billion-dollar deal. Vodacom Group Ltd. plans to acquire significant stakes in Safaricom Plc, valued at $2.1 billion. The deal involves purchasing shares from the Kenyan government and Vodafone International Holdings BV. This will…
Mobile-money platforms across Africa processed roughly $81 billion in transactions last year, and December’s festive transfers could push that figure even higher. A new report projects a rise in cyberattacks across Africa as mobile money transfers hit their annual peak in December. Holiday-themed phishing scams, SIM-swap fraud, and social-engineering tactics are targeting users sending money…
According to figures issued on Wednesday by the Ghana Statistical Service, the country’s consumer inflation fell to 6.3% year on year in November, down from 8.0% in October, extending its reduction for the 11th consecutive month. Ghana’s consumer inflation dropped to 6.3% in November, marking an 11-month consecutive decrease from its peak of 54% in…
After years of reputational damage tied to state-capture controversies, McKinsey is pursuing a careful reset in South Africa, emphasising internal reforms and improved oversight as it seeks to repair strained relationships with clients and regulators. McKinsey is working to restore its reputation in South Africa through internal reforms and improved oversight. The firm has implemented…
Ghana is preparing to make its first foray into nuclear energy, targeting 2027 to begin construction of its first nuclear plant on a dual-site designed to diversify the country’s power mix. Ghana plans to begin construction of its first nuclear power plant by 2027 to diversify its energy mix. Two sites have been identified for…
Guinea has officially launched the Simandou iron-ore complex, the largest untapped high-grade deposit in history, in a move set to reshape global trade and regional development. Guinea has launched the $23 billion Simandou iron-ore project, the world’s largest high-grade deposit. The mine will produce 120 million tonnes annually, supplying nearly 10% of China’s iron-ore imports.…
The United States is ramping up counterterrorism operations across the Horn of Africa as intelligence warnings point to a renewed surge in ISIS-linked cells and al-Shabaab attacks, raising fresh concerns over regional stability and the safety of key U.S. partners. The U.S. is intensifying counterterrorism efforts in the Horn of Africa, targeting ISIS-linked cells and…
The Nigeria International Trade Fair has come back to life after 14 years of inactivity, marking one of the biggest revivals of a federal commercial program in recent memory. The Nigeria International Trade Fair Complex has been revived after 14 years. The revival aims to reinforce Lagos’s role as a strategic regional marketplace and gateway…
Nigeria has approved security protection for Guinea-Bissau opposition presidential candidate Fernando Dia Da Costa at its embassy in the capital Bissau, its foreign ministry said, after a disputed power shift triggered fears for his safety. Nigeria has deployed security protections for Guinea-Bissau opposition candidate Fernando Dia Da Costa after concerns about his safety. The move…
