- South Africa | Flutist, producer, and composer Spotify Monthly Listeners: 16.8K YouTube Total Average Views: 13 Million SOCIAL MEDIA NET WORTHInstagram: 13.1K Twitter: 14.7K Facebook: 99K Words and Curation: Chanel Retief|Art Director: Lucy Nkosi | Photography: Katlego Mokubyane Photography…
- Alterra Capital Partners, founded in 2020, raised $140 million in an initial phase towards a $500 million fund for Africa’s growth. Influential investors support diverse sectors, including technology and telecommunications. Analysts emphasize its impact on economic development and infrastructure…
- With a female-led workforce at his firm, Akash Ladha is working to address the skills gap in the financial services industry in Rwanda. In the ever-evolving landscape of global business, tales of success often shine brightest when they originate from humble beginnings. Such is the narrative of…
- South Africa | Music conductor SOCIAL MEDIA NET WORTH Instagram: 5.8K Twitter: 5.3K Facebook: 824TikTok: 688 Words and Curation: Chanel Retief|Art Director: Lucy Nkosi | Photography: Katlego Mokubyane Photography Assistant: Sbusiso Sigidi Studio: NewKatz Studio, Johannesburg| Videographer: @astro.…
- TOPLINE The UN said Thursday the number of internally displaced people in Gaza has exceeded 300,000 as Israeli forces continued their “uninterrupted” bombardment of the Palestinian territory, while efforts to establish a humanitarian corridor for civilians reportedly hit a wall. KEY FACTS In its…
- Championing financial independence for immigrants in the United States (US) is fundamental for digital banking startup, Waya. With a team also based in Kenya, fintech co-founders Aenoi Chanthavong, Hempstone Maroria, David Wachira and Renzo Sotomayor started by fixing the remittance problem. A Zoom…
- GSMA’s Director General Mats Granryd explains why rolling out global mobile broadband coverage is good, but it is not enough to close the mobile usage gap which is holding people back; joint measures by the mobile industry and policymakers will help break down the digital divide so that high-…
- In its latest product launch, the unicorn AI startup is bringing bots that make it sound like you’re talking to well known people like Taylor Swift into your group chat Inside Character.AI’s disheveled Palo Alto, California headquarters, employees at first appear to be hard at work, glued to their…
- At the age of 88, South African pianist Abdullah Ibrahim’s music is as vital, creative and important as ever. The Germany-based composer, looking forward to the release of his latest album next year, shares more in this exclusive interview with FORBES AFRICA. A gentle breeze plays with fresh soft…
- The lawsuit, which alleges that a female executive at Google had been unfairly hired at a lower level—and salary—than male counterparts, is the first to be filed after the 2018 Google walkout. As Google trudges through a landmark antitrust battle in Washington, DC, the tech giant faces another…
- According to Statista’s second-quarter report, Nigeria has secured the sixth spot among the top 10 African countries with the most substantial gold reserves. At the forefront of West Africa, Nigeria boasts of 21.37 metric tons of gold reserves, valued at $1 billion. A move considered by analysts as…
- The last time Thuso Mbedu sat down with FORBES AFRICA for an interview, it was when the South African actor had made it on to the FORBES AFRICA 30 Under 30 list, class of 2018. “A lot has happened since,” she says now, as we meet her at the offices of L’Oréal, situated north of […]
- Production studios and fans alike are turning to generative AI tools to make voice actors say things they never said — and their jobs are on the line. oice actor Allegra Clark was scrolling through TikTok when she came across a video featuring Beidou, a swashbuckling ship captain from the video…
- TOPLINE An outdoor concert and dance party in a rural area near the Gaza-Israel border turned into tragedy Saturday, when many attendees were killed or taken hostage by Hamas militants from the Gaza Strip, adding to hundreds of Israeli casualties in the unprecedented attack. KEY FACTS About 260…
- Ratings agency, Fitch Ratings highlighted the growing gap between the official and parallel market rates of the naira, emphasizing some of the hurdles in sustaining exchange-rate liberalization and raising concerns about a potential further devaluation. Research shows that the naira is currently…
- eSwatini and South Africa | DJ and record producerSpotify Monthly Listeners:1.8 MillionYouTube Total Average Views: 33 Million views SOCIAL MEDIA NET WORTHInstagram: 2 Million Twitter: 390.K Facebook: 236K TikTok: 1.7 Million Words and Curation: Chanel Retief|Art Director: Lucy Nkosi | Photography…
- In an era marked by an increasing demand for diversity, equality, and inclusivity, women have emerged as a force to be reckoned with in the global finance industry. Beyond financial gains, women are now leading the charge for meaningful change, leaving an indelible impact that transcends balance…
- Hayet Rida retails high-end home products and jewelry but her story is of resilience and tenacity. From motivational advice and founding a high-end candle brand to entrepreneurial endeavors with homeware and jewelry, Ghanaian-born Hayet Rida has a take on her unique selling point – and the answer…
- Innovations in digital payments are driving the Sub-Saharan region’s prospects for economic growth. As seen around the world, investment into digital transformation is paving the way for growth across the Central Europe, Middle East, and Africa (CEMEA) region – a trend reflected in the increasing…
- In an interview with FORBES AFRICA, Joel Bronkowski, Paystack’s country lead in South Africa, discusses how the startup has facilitated integration with African regional payment channels, deepened security practices, and attracted top talent, following its acquisition by Stripe in 2020. Paystack, a…
- TOPLINE Elon Musk, the world’s richest man, grew his net worth by $10.5 billion Wednesday, a 4.2% increase, on the back of an approximately 6% jump in Tesla’s stock, which comprises a vast majority of his wealth—putting his total riches at $260.4 billion. KEY FACTS Tesla’s 5.9% increase brought the…
- The Central Bank of Nigeria’s (CBN) May economic report, recently released, reveals a surge in foreign exchange inflow, reaching $6.03 billion, marking a significant 29.1% increase from the previous month. The data indicates robust economic performance with net inflows of $3.59 billion, showcasing…
- Nine out of ten consumers are at significant risk of falling prey to a scam – even the most experienced ones. In the sub-Saharan African (SSA) financial landscape, electronic payments have emerged as a thriving industry, drawing in more investment than any other financial services sector. Over the…
- TOPLINE The Food and Drug Administration gave emergency use authorization on Tuesday to Novavax’s new Covid vaccine designed to target the coronavirus’ dominant XBB sublineage, which is fueling a spike in cases, hospitalizations and deaths across the country. KEY FACTS At $130 a dose, the vaccine…
- “The conduct of the Big Five leaves a lot to be desired in the management of conflicts, trade agreements and in financial grants.” There has been an explosion in the number of conferences in Africa over the last 12 months. While the diary was always busy, it seems like anyone not engaging with or…
- I overheard this statement once and I think it’s one of the strangest myths around Zillennials (apart from us needing coffee to cope) – the myth is that we think we’re too young to be investing. Now, if that sounds very familiar and it resonates with you, from one Zillennial to another, it’s a must…
- TOPLINE Microsoft CEO Satya Nadella said that Microsoft can’t compete with Google and that the search engine’s market share is so large the internet has basically become the “Google web” Monday during more than three-and-a-half hours of testimony in Google’s antitrust trial, according to multiple…
- #ADecadeofUnder30 It’s that time of the year when anticipation gives way to excitement as FORBES AFRICA prepares to welcome and honor, yet again, the next cohort of young innovators, influencers and intellectuals taking the continent by storm. Marking 10 years of the FORBES AFRICA 30 Under 30 list…
- Without wanting to stimulate undue concern, businesses should seriously consider the potential of future pandemic outbreaks and build up their operational resilience. This is a strong message from Carla Jordan, CEO of corporate underwriter, Emerald, an underwriting managing agent within Santam…
- TOPLINE Tesla CEO Elon Musk took to X to scrutinize a German humanitarian group conducting a rescue operation in the Mediterranean Sea, suggesting such operations and their transport of rescued immigrants to Italy are a violation of the country’s sovereignty. KEY FACTS The video was posted by a…
- Lawyer and Founder of Law City, Dorothy Adu-Mfum tells FORBES AFRICA about what it means to her to be able to help others gain access into what is widely seen as an incredibly exclusive industry. There’s an informal but rather well-known term given to the top five prestigious law firms in the…
- South Africa has descended in rankings in the Organized Crime Index (OCI), published by the Global Initiative against Transnational Organized Crime (GI-TOC) this week. The latest OCI rankings place South Africa as the seventh most vulnerable nation to organized crime globally, a steep fall from its…
- The Nigerian naira has plummeted, alarming experts who suggest to us measures that may be used to address the situation. The Nigerian naira has reached an all-time low, with the exchange rate hitting ₦1,005 to $1 in the parallel market, according to FORBES AFRICA’s latest findings. This…
- A new deal between Hollywood studios and writers will for the first time require streamers like Netflix, Hulu and Disney+ to report viewership numbers of original and syndicated content, shining a light on what experts have called a “black hole” of information that has allowed companies to largely…
- Sustained crisis’. I came across this terminology in a Harvard Business Review article recently, and it immediately struck a chord with my struggles running my company and also with what I see in the world around me. The Covid-19 pandemic was a global crisis that came out of the blue, and we were…
- TOPLINE OpenAI, the artificial intelligence company that created ChatGPT, is in discussions about a potential share sale that would value it at $80 to $90 billion, according to the Wall Street Journal—about three times what it was valued in January, as the AI race heats up. KEY FACTS It’s expected…
- One of the first words that spring to mind when people think of Africa is ‘sun’. No wonder. Africa is blessed with more sunshine than any other continent on earth. The future, however, could be much brighter. That’s because the sun is set to become one of the biggest energy sources for the world.…
- Zoleka Mandela, granddaughter of South Africa’s first democratically-elected President Nelson Mandela and his second wife Winnie Mandela, passed away on Monday evening after a long battle with cancer. The family released a statement saying she was surrounded by friends and family and that “recent…
- Cloud-literate employees are increasingly needed across every industry. In an exclusive interview, Amazon Web Services’ commercial sales lead for sub-Saharan Africa tells us how they want to fast-track this objective. And the one area the company is focused on is startups. Amazon Web Services (AWS…
- TOPLINE Spotify will start using artificial intelligence to translate podcasts into other languages, the company announced Monday as part of a partnership with OpenAI, as Spotify becomes the latest to use generative AI for its products. KEY FACTS Spotify announced Monday that it is releasing a…
- President Bola Tinubu recently rang the closing bell at the NASDAQ stock market, signaling a new era of opportunities for foreign investment in Africa’s economic powerhouse. We spoke exclusively with Scott Eisner, President of the US Chamber of Commerce’s US-Africa Business Center. In New York…
- TOPLINE Sold out iPhone 15 pre-orders and long queues in cities around the world signaled the launch of Apple’s latest iPhone Friday—more than a month after the company reported its third straight quarter of declining sales. KEY FACTS Lines formed in New York, Dubai, Shanghai and other cities for…
- Barely two years after his first sip of wine, Joseph Dhafana was head sommelier at the iconic La Colombe restaurant in Cape Town and began to explore making his own wine. His Mosi Wines and Spirits is a household name today. “We can’t all be actors or artists to tell our stories but I chose […]
- Hydrogen powered fuel-cell electric vehicles (FCEVs) are extremely rare. BMW plans to bring a small fleet of iX5 Hydrogen cars to South Africa in 2024 to gauge interest with government representatives, thought leaders and potential customers. We got a sneak preview of the car at the IAA Mobility…
- TOPLINE Paxlovid—Pfizer’s antiviral Covid-19 treatment—is 37% effective at preventing hospitalization or death in high-risk patients compared with no treatment, according to a study published Thursday in the JAMA Network Open, well below the 88% effectiveness rate Pfizer and regulators reported in…
- South Africa remains resolute in hosting the AGOA summit despite prior tensions with the US. The upcoming event, slated for November, signifies renewed commitment to strengthen trade ties. South Africa’s call for a decade-long AGOA extension underscores the pivotal role this partnership plays in…
- TOPLINE Adidas CEO Bjorn Gulden said in a recent podcast interview that he doesn’t think rapper Ye, formerly known as Kanye West, “meant what he said” about Jewish people last year, adding he doesn’t think Ye is “a bad person, it just came across that way.” KEY FACTS When asked about what happened…
- TOPLINE Six Palestinians were killed by Israeli forces and dozens more injured during three separate incidents in the occupied West Bank and Gaza Strip over the past 24 hours, the Palestinian Ministry of Health told CNN—incidents that come during a controversial meeting between Israeli Prime…
- TOPLINE A drought in Spain, record-high temperatures and a pause in Turkish exports have driven prices of Spanish olive oil to a record high of $8,900 per ton this month, and there’s no clear indication as to when they’ll fall. Extreme hot weather and persistent drought conditions have dealt a…
- It’s a new world out there, and businesses are looking for ways to create value and enable growth. That’s where Google Cloud comes in. Geopolitical uncertainty, high inflation and low economic growth are shifting corporate priorities, and with them, business’ expectations with regard to the cloud:…