- South Africans have responded to the implications of the budget speech while experts have noted the balance between fiscal consolidation and economic growth, though risks remain. South Africa’s Finance Minister Enoch Godongwana delivered the country’s 2025 Budget Speech on March 12; and strong…
- Will Trump’s tariffs and his assault on the federal government lead to a deeper crash, or even a recession? Market experts advise long-term investors and 401(k) holders to sit tight. While the last three weeks have been punishing for the stock market, veteran wealth managers are sounding a similar…
- Minister Enoch Godongwana says the decision to increase Value Added Tax (VAT) “was not made lightly” as proposal also includes no inflationary adjustments for personal income tax brackets. South Africa’s Finance Minister Enoch Godongwana delivered the country’s 2025 Budget Speech on Wednesday,…
- The fact that Africa has a shortage of clinical oncologists has been widely publicized. One international medical journal estimated that Nigeria, for example, has around 70 oncologists to serve a population of 213 million people. In South Africa – and in Johannesburg, in particular – it’s been…
- Topline Even the world’s richest man has bad days, as Elon Musk faced a litany of headaches to start the week Monday—including the crash of his social media site, an 11-figure drop in his net worth as his primary venture Tesla faced brutal losses, while an awkward TV interview only gave critics…
- Through Kante, Afrobeats, and his memories of Nigeria, King Charles III underscored music’s power to unite cultures. King Charles III shared a personal connection to Kante, a song by Nigerian Afrobeats star Davido featuring Fave, recalling how it reminded him of his last visit to Nigeria in 2018…
- Key Facts The ceasefire can be extended if Ukraine and Russia agree to additional terms, the statement said, noting Russia has not yet accepted the ceasefire deal. The U.S. will immediately remove its pause on intelligence sharing and security assistance for Ukraine, according to the statement,…
- FORBES AFRICA was at MWC Barcelona looking into Agentic AI and a raft of new gadgets coming up. Making its global debut at MWC, Xiaomi also showed off its SU7 Ultra EV, which goes from 0-100km/h in a ridiculous 1.98 seconds. It recently went on sale in China and sold over 10,000 unitswithin two…
- Topline The Centers for Disease Control and Prevention—which falls under the purview of Health and Human Services Secretary Robert F. Kennedy Jr.—is planning to study potential connections between vaccines and autism, Reuters reported Friday, a link Kennedy has controversially pushed in the past.…
- Progress is uncomfortable. It demands defiance — the audacity to stand firm when the world insists you do not belong. It is lonely, yet never solitary, for this is the story of a collective. Women who refuse to wait for permission, who step into rooms never built for them and take up space. When…
- At the 2025 FORBES WOMAN AFRICA Awards, held as a glittering gala at the SunBet Arena in Pretoria on Wednesday, March 5, Dr Ngozi Okonjo-Iweala, Director-General of the World Trade Organization (WTO), took home the 2025 FORBES WOMAN AFRICA Lifetime Achievement Award, while the 2025 FORBES WOMAN…
- Topline Ukrainian President Volodymyr Zelenskyy said in a statement posted on social media he and Ukraine are still committed to working with President Donald Trump and “it is time to make things right,” one day after Trump announced a pause on military aid to Ukraine after Zelenskyy’s contentious…
- Nigerian singer, songwriter and actor, Tiwa Savage is determined to build an empire that will cement her status among the world’s self-made billionaire women. “I want to go into my mogul era – billionaire Tiwa Savage.” Tiwatope Omolara Savage, professionally known as Tiwa Savage, at the age of 45,…
- The female powerhouses in FORBES AFRICA’S OVER 30 UNDER 50 list – compiled for the second consecutive year-are the business leaders, musicians, models, movie stars, innovators and entrepreneurs who have intent and impact on their vision boards, as they scale greater heights, reinvent themselves and…
- Our smartest technology just might be accelerating environmental challenges rather than solving them. If you’re finding that you’re using generative artificial intelligence (GenAI) more and more to search for things online, you’re not alone. There are a growing number of people who are ditching…
- Trump’s second term may unleash a new wave of acquisitions, and mid-cap stocks could be in the crosshairs of acquirers. The stock market surged higher following Donald Trump’s election win earlier last year as Wall Street celebrated the new business-friendly administration and the more lenient…
- “I try to show myself as an example through excellence,” says Oduwole. Zuriel Oduwole, an education advocate and filmmaker known for her work in global peace and gender equality, has been nominated for the 2025 Nobel Peace Prize. The nomination, submitted by a professor of clinical education…
- Eli Lilly is stockpiling massive quantities of an oral weight-loss drug that’s at least a year from launch, with total “pre-launch inventory” of nearly $550 million at Dec. 31, 2024, according to its 10-K financial statements released last week. The unusual move represents a massive bet on a new…
- Topline Ukrainian President Volodymyr Zelenskyy said he is ready to sign a stalled minerals deal with the United States in a thread on X on Saturday, in which he also urged the United States to stand strongly behind Ukraine amid its war with Russia, one day after his meeting with President Donald…
- Access to vaccines remains a significant challenge across Africa, but technology is emerging as a key to breaking decades of relying on other nations for vaccine development- and to thereby stop the spread of disease much, much faster. In 2021, Africa’s 1.3 billion people had to wait months for the…
- Chinese brands are gaining momentum and igniting a new era in South Africa’s automotive landscape. Whether it’s a sleek new SUV rolling off a Chinese assembly line or a locally produced vehicle designed to compete on the global stage, the industry is speeding with potential and possibilities. A Few…
- Topline The price of bitcoin dropped below $80,000 Friday, its lowest level since last November, amid a crypto selloff that has wiped out nearly all of the token’s post-election gains as concerns mount about the economic impact of President Donald Trump’s tariffs. Key Facts The price of bitcoin,…
- Topline “Emilia Pérez” star Selena Gomez, billionaire media mogul Oprah Winfrey and Oscar winner Halle Berry are among the stars slated to present at the 97th Academy Awards on Sunday evening, though Harrison Ford is no longer slated to present after receiving a shingles diagnosis Friday. Key Facts…
- The lights have always been on inside the so-called AI black boxes. Shifting commercial expectations and increasing awareness of the technology are seemingly changing the narratives. What if bias is actually fundamental to AI’s ability to work in the first place? Rules are imposed to, essentially,…
- Topline Artificial intelligence powerhouse OpenAI announced its latest chat model Thursday, starting a limited roll out of GPT-4.5, which OpenAI chief Sam Altman called a “giant” and “expensive” model that “feels like talking to a thoughtful person.” Key Facts OpenAI called GPT-4.5 its “largest and…
- The African Development Bank (AfDB), one of Africa’s most powerful financial institutions, is set to elect a new president on May 29 — a decision that could shape the continent’s economic trajectory for years to come. With billions of dollars in funding and development projects at stake, the…
- African entrepreneurs abroad are returning to pursue agriculture and invest in opportunities on the continent, providing subsistence farmers with the tech tools and know-how to bring crops like Fonio And Cassava to the world’s tables. Africa has an estimated 600 million hectares of uncultivated…
- These artifacts, which include a bell, relief plaques, a coconut casing, and a staff, were looted by British soldiers during the 1897 expedition. Nigeria is set to receive the single largest return of Benin antiquities directly linked to the 1897 British punitive expedition. This is according to…
- Topline Hunter Schafer, a transgender actress best known for her role on the HBO drama “Euphoria,” posted a video to her TikTok story stating she had to renew her stolen passport, but the passport she received lists her sex as male, which she said was due to President Donald Trump’s executive order…
- As traditional banking remains out of reach for many still unbanked and underserved In Africa, is Cryptocurrency slowly beginning to take a share of African wallets. The continent is anticipated to reach $2.9 billion in cryptocurrency revenue this year, and this growth is only going to grow…
- Topline Nearly a decade after releasing her most recent album “Anti,” billionaire pop star and beauty mogul Rihanna hinted at her long-awaited new music in an interview with Harper’s Bazaar, stating she’s been in the studio for eight years but finally had the realization about what she wants her…
- Heard of catfishing? Disturbing trends from the world of online dating and how these dangerous scams are on the rise. Watch out for the red flags. A 19-year-old university student from South Africa, Tom Harris (name changed to protect identity), is urging people to be more cautious when it comes to…
- Topline Pope Francis had a restful night Saturday, the Vatican said Sunday morning, after the 88-year-old leader of the Catholic Church suffered a respiratory crisis, putting him in critical condition following his week-long hospitalization for a lung infection. Key Facts “The night passed quietly…
- Nigerians don’t just sip ruby-red cocktails — they tell stories with them. And in the country’s bustling party capitals, those stories are getting more exciting by the day, and night. The sun has barely set over Nigeria’s commercial capital Lagos, but the rooftop bar in Victoria Island is already…
- This marks a shift from six rate hikes in 2024. Nigeria’s central bank has opted to maintain its benchmark lending rate at 27.50%, as announced by Governor Olayemi Cardoso. The bank made the decision at its 299th Monetary Policy Committee (MPC) meeting concluded today. This development comes on the…
- There’s a new compact electric vehicle that holds the title of “cheapest EV” in South Africa, or “least expensive”, whichever way you look at it. The Dayun S5 Mini SUV EV became available in January for R399,900 ($21,668), dethroning the BYD Dolphin at R539,900 ($29,254). It was announced in July…
- In November last year, Yemi Alade earned her first Grammy nomination in the 2025 Best African Music Performance category. That moment is already a major milestone for her. “If you had asked me this six [or] seven years ago, I would say that success for me, personally, is when I win the Grammy. Late…
- Topline Apple announced Wednesday a new addition to its iPhone 16 series, debuting the iPhone 16e to customers, who will soon be able to pre-order the lower-cost model that includes some of the bells and whistles of Apple’s latest iPhone lineup. Key Facts The iPhone 16e will be available for pre-…
- The country’s parliament announced, on the day that the Budget Speech was expected to be delivered, that it would be postponed until a later date, reportedly over concerns within the GNU about a proposed 2% increase in VAT, among others. For the first time in its democratic history, South Africa…
- Nigerian billionaire Aliko Dangote broke his government’s oil monopoly by building the largest petroleum refinery in Africa. So far, only he has reaped the rewards. Aliko Dangote takes a deep breath, before reflecting on the odyssey of building Africa’s largest oil and gas refinery. “This is a very…
- Abu Dhabi-based AppliedAI, which helps healthcare companies and insurers automate claims and billing, just raised $55 million in a deal led by G42 with Palantir and Bessemer Abu Dhabi is best known in tech for bankrolling foreign startups, venture funds and now AI mega projects like OpenAI’s…
- Africa’s next wave of innovation will likely emerge not from Lagos or Nairobi but from Kigali, Dakar, Or Tunis – offering global investors the chance to discover untapped potential in the continent’s diverse and rapidly-evolving markets. LATE LAST YEAR, Penelope Terranova posted a call to action on…
- The cement producer is expanding in theEast African nation despite past security challenges. Aliko Dangote, founder of Dangote Industries with the subsidiary Dangote Cement, recently announced a $400 million investment to revive a second production line at the Mugher cement plant in Ethiopia. The…
- With a career that began at a young age and as a woman who is no stranger to being in the limelight, Minnie Dlamini tells FORBES AFRICA that she believes in turning her challenges into opportunities. It’s a lesson that she only truly learned, now, in her 30s. “I don’t think I would have been […]
- The managing director for Africa and Global Partnerships at the World Resources Institute, WANJIRA MATHAI has led the green belt movement in Kenya as the former chair, the organization her mother, the late Wangari Maathai founded in 1977. From Nairobi, she spoke to FORBES AFRICA about issues such…
- In 2022, Sheila Atim made her way to South Africa to film a movie that, to this day, has had a profound impact on her. It would explore themes like racism, gender-based violence, and female oppression, to name a few, and most of which still plague Africa today. It’s a story that Atim believes…
- Feuding with Drake turned the ‘Not Like Us’ performer into hip-hop’s hottest artist. Now he will take music’s biggest stage in New Orleans—for free. The effects of last summer’s rap feud between Kendrick Lamar and Drake continue to reverberate through the music industry, and the careers of its two…
- The policies of all powers are inherent in their geography. The Carbon Border Adjustment Mechanism (CBAM) of the European Union (EU) refers. A tool to put a fair price on the carbon emitted on goods entering the EU. The EU would have us know. Climate change is a globalproblem that needsglobal…
- A near-fatal accident could have ended it all for BANDILE DLABANTU but he quickly moved on to accomplish his dreams, setting up a biotech company transforming waste into value. THE 2013 collision that resulted in Bandile Dlabantu’s vehicle rolling onto the opposite side of the road after being hit…
- The female powerhouses in FORBES AFRICA’S OVER 30 UNDER 50 list – compiled for the second consecutive year- are the business leaders, musicians, models, movie stars, innovators and entrepreneurs who have intent and impact on their vision boards, as they scale greater heights, reinvent themselves…
