One of Africa’s largest gold producers, South Africa, has opened a new gold underground mine, with the intention of capitalizing on gold’s rising prices. South Africa has commissioned a new underground gold mine, the first in 15 years, to embrace rising gold prices. Global gold prices have reached unprecedented levels, influenced by trade tensions and…
The United States has moved to enforce its threat, snubbing South Africa at the upcoming G20 summit and instead extending an invitation to a major European ally, Poland. The US excluded South Africa from the next G20 summit, inviting Poland instead. US Secretary of State Marco Rubio stated Poland’s economic rise and alignment with US…
The U.S. International Development Finance Corporation (DFC) has agreed to move forward with a $1 billion debt-for-food security swap with Kenya, a deal aimed at replacing expensive debt with lower-cost financing. The U.S. International Development Finance Corporation (DFC) has committed to a $1 billion debt-for-food security swap with Kenya. This agreement aims to alleviate Kenya’s…
Africa is rapidly integrating the AI revolution into its ecosystem. While some countries are embracing the technology, expanding access, and increasing usability, others continue to lag behind. Africa is incorporating artificial intelligence (AI) into various sectors, with varying rates of adoption among nations. AI adoption globally has surpassed previous technologies, with over 1.2 billion users…
The United States has confirmed that it will not invite South Africa to the 2026 G20 Summit, marking a sharp diplomatic rebuke as Washington prepares to host the gathering of major economies in Miami next December. The United States has confirmed it will not invite South Africa to the 2026 G20 Summit. Washington says Pretoria’s…
Africa’s stake in international conflicts, specifically, the Russia-Ukraine war, has been highlighted yet again, this time with implications that Africa is serving as a proxy. Africa is increasingly seen as a proxy zone in international conflicts, particularly influenced by the Russia-Ukraine war. BRICS VP Ahoua Don Mello noted Ukraine’s attempts to counter Russian presence in…
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…
