The South African Revenue Service has intensified pressure on South African businessman Siviwe Mpengesi, warning that it may seize assets worth about $3.3 million in an escalating tax dispute. South Africa’s tax authority has escalated its pursuit of businessman Siviwe Mpengesi, warning it may seize assets worth $3.3 million. The dispute stems from allegedly unfiled…
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Despite regional efforts to limit United States military expansion in Africa, both Somalia and Somaliland have offered access to key ports and air bases, highlighting growing competition for strategic influence in the Horn of Africa. Somalia has formally offered to renew a military agreement granting the US access to its ports and airports, reinforcing its…
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De Beers, Africa’s largest diamond miner, posted a sharply wider $511 million loss in 2025 as weak Chinese demand, U.S. tariff pressures and softer global prices weighed on its worldwide operations, including key mines in Botswana, Namibia and South Africa. De Beers reported a significantly larger loss in 2025, with an underlying EBITDA loss of…
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Despite a R500 million offer to connect 5,000 rural schools, Starlink remains unlicensed in South Africa. The standoff has escalated as 14,000 residents find ways to access the service anyway, putting Musk at odds with ICASA’s strict regulatory framework. Starlink remains unlicensed in South Africa despite offering a R500 million deal to connect 5,000 rural…
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Recent involvement among African governments, foreign lenders, and global partners highlights the potential benefits of well-structured IMF programs for the continent. Zambia has requested a new IMF program in 2026 to support its ongoing economic reforms and budget stability. The country previously completed an Extended Credit Facility that provided $1.7 billion after a lengthy debt…
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The European Union (EU) has launched its first defence dialogue with Nigeria, marking a milestone in efforts to strengthen security cooperation between the two partners. The EU has contributed a total of €234.4 million to date to support Nigeria’s security task force, enhancing its capabilities, responsiveness, and coordination in tackling regional security challenges. The EU…
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