- Author and former professor, Abdulrazak Gurnah, scheduled to speak at the 2024 Nelson Mandela Annual Lecture at Wits University in South Africa, elaborates on the significance of leaving his home country when he was a teenager, and the importance of kindness and a shared humanity. Abdulrazak Gurnah…
- At its recent meeting, the committee increased the Monetary Policy Rate (MPR) by 50 basis points from 26.75% to 27.25%, while also raising the Cash Reserve Ratio (CRR) for Deposit Money Banks from 45% to 50%, and for Merchant Banks from 14% to 16%. The Liquidity Ratio (LR) remains unchanged at 30…
- The great poet William Butler Yeats once said, “Education is not the filling of a pail, but the lighting of a fire.” Yeats’ words could be viewed through the lens of societal impact – the impact of education on the world around us. Necessary in this pursuit are multilateral relationships that…
- The success of African athletes across multiple sports in the last decade has shone a spotlight on the potential of the continent for excellence. The commercial case is also clear. Africa is set for a sporting boom in the next decade that can be a significant driver of economic growth and social…
- Topline Hezbollah fired a missile at Tel Aviv on Wednesday—its deepest strike into Israeli territory and the latest sign of escalating tensions—which Israel’s military said it intercepted to prevent any damages or casualties. Key Facts Hezbollah said the ballistic missile fired at Tel Aviv was…
- Spatial computing isn’t here just yet but it’s coming and we need to be prepared. Globally-reputed tech futurist, Cathy Hackl, tells us more in an exclusive interview about the new hardware. The first time most people heard the term ‘spatial computing’ was when Apple unveiled its Vision Pro headset…
- Topline The Israeli military said Monday it completed a series of strikes targeting Hezbollah in Lebanon, reportedly killing at least 100 people and injuring more than 400 others in the deadliest day in Lebanon since fighting between Israel and the militant group began in October. Key Facts The…
- In an exclusive interview, Rulani Mokwena, the brand-new 37-year-old coach of the Wydad Casablanca club in Morocco, opens up about his early days and the difficulties and tragedies that shaped him to become one of South Africa’s most elite football stars. A chance occurrence at the age of 14 thrust…
- Xtalpi, a Shenzhen-based AI drug discovery company, saw its shares soar 108% on the Hong Kong stock exchange over the past week, boosting its market cap to $5.5 billion. The stock price rise comes on the back of Xtalpi’s sales growth and its more than $135 million deal with Chinese billionaire Zhu…
- President Cyril Ramaphosa has signed the contentious Basic Education Laws Amendment (BELA) Bill into law, sparking debate over its potential impact on mother-tongue education and school governance in the country. President Cyril Ramaphosa signed the Basic Education Laws Amendment (BELA) Bill into…
- With a diverse 20-year career in hospitality across multiple geographies including Africa, Amir Golbarg can tell you how locations you never knew existed can lend to rapturous storytelling, and he has many a tale to tell on the continent. We are in a sleek boardroom with glass windows overlooking…
- Topline The London-based department store Harrods said Thursday it is “utterly appalled” by allegations of sexual assault and rape against its former owner Mohamed Al Fayed, the late billionaire whose former employees outlined decades of alleged abuse in a new documentary. Key Facts More than 20…
- The only daughter of Walmart founder Sam Walton overtook French heiress Francoise Bettencourt Meyers on Wednesday morning. With Walmart stock at an all-time high, Alice Walton–the only daughter of the retail giant’s founder Sam Walton (d. 1992)–just became the world’s wealthiest woman for the first…
- Topline Equities soared globally Thursday as investors absorbed the Federal Reserve’s jumbo interest rate cut, though stocks’ bond market counterpart appears not to be sold on the Fed cut. Key Facts Shortly after market open, the Dow Jones Industrial Average rose 1.3% to a new record of 42,105, the…
- Google’s projections align with a previous study — the Google/IFC e-Conomy Africa 2020 report — which anticipates 167 million new mobile users in sub-Saharan Africa by 2025. This will bring the total number of mobile subscribers in the region to 623 million. A new report released by Google…
- Topline The Federal Reserve took the widely expected step Wednesday of announcing its first interest rate cut in years, a move that will have a major impact on the finances of Americans across the board, making borrowing cheaper, though the golden days of high-yield savings instruments may be over…
- Nigerian chef Tolulope Erogbogbo has made it his mission to introduce authentic cuisine from his home country to the world. He shares the next phase of his journey with FORBES AFRICA. In the luxurious ‘Members Only’ club of Soho House in Los Angeles (LA) in the U.S., Tolulope Erogbogbo, who goes by…
- Topline Rapper Sean “Diddy” Combs was arrested Monday and pleaded not guilty Tuesday to charges including sex trafficking and racketeering and will remain in custody until his trial, provoking a range of sharp reactions from rapper and longtime critic 50 Cent, and other celebrities in the hip-hop…
- Topline Larry Ellison, Oracle’s billionaire chairman, surpassed Amazon founder Jeff Bezos as the second-richest person in the world as Oracle’s shares surged again Monday. Key Facts Ellison—who holds roughly 40% of Oracle’s shares—has a net worth of about $206 billion as of around 2:45 p.m. EDT…
- In an exclusive interview with FORBES AFRICA from Seattle, Bill Gates, co-chair of the Bill & Melinda Gates Foundation, called for increased investments in nutrition to prevent child deaths, and expressed praise for the efforts being taken in primary healthcare by Nigeria and Ethiopia,…
- Refiloe Jane’s rise from unknown schoolgirl spotted at a talent competition to leading her country at a FIFA Women’s World Cup should serve as an inspiration to those who believe in the impossible dream. Jane has become one of the most iconic players in the Banyana Banyana side over the last decade…
- Topline Elon Musk, the billionaire owner of X, reacted to an apparent assassination attempt against former President Donald Sunday by saying no one was trying to kill either President Joe Biden or Vice President Kamala Harris, in a strongly-condemned post. Key Facts Musk reshared a post Sunday…
- Pravin Gordhan, the former South African Minister of Finance and a prominent figure in the fight against state capture, passed away today at the age of 75, following a short battle with cancer. His family in a statement issued this morning, said Gordhan “passed away peacefully in hospital…
- Topline Women with obesity and diabetes taking weight loss and diabetes drugs Mounjaro and Zepbound for over a year lost more weight than their male counterparts—but also experienced more nausea and vomiting, according to new research. Key Facts Researchers from Eli Lilly who tracked weight changes…
- Ghana and the Ivory Coast contribute a big chunk of the world’s chocolate. Yet, farmers here only earn around $1 a day. We profile entrepreneurs and chocolatiers determined to make sure the practice of cultivating cocoa prevails and it’s a sweet deal for the producers too. British author Roald Dahl…
- Topline Vice President Kamala Harris vaulted past President Donald Trump to become the bookmaker’s favorite to win the November election on Tuesday night, after a strong showing in the first presidential debate. Key Facts According to the Election Betting Odds tracker, which consolidates betting…
- Widely reported as contributing over $5 billion to the GDP in Africa, the continent’s film and audiovisual industries employ around five million people. Brimming with talent and original, quality content, Africa’s cinematic oeuvre is still being scripted. FORBES AFRICA raises the curtain on the…
- The former head of Rockwell Collins is ‘so competitive it’s scary’ says one industry insider, with a reputation for building a positive corporate culture and treating employees well. Wall Street wanted an outsider with engineering and manufacturing experience to be Boeing’s next CEO. The embattled…
- Do You Prefer AIOr The Personal Touch? Some Insights On How Africa’s Hotel Sector Is Set To Welcome A New Era Of Hospitality. Artificial intelligence (AI) is changing the economic landscape and expected to boost global GDP by trillions of dollars in the coming years. It is one of the most…
- Topline Here’s the latest news about a global outbreak of H5N1 bird flu that started in 2020, and recently spread among cattle in U.S. states and marine mammals across the world, which health officials are closely monitoring and experts are concerned the virus could mutate and eventually spread to…
- Accolades aside, Kenyan actor-and-host-turned-producer, Sarah Hassan seems to see no limit as to what she can achieve. After discovering her love for performing at a very young age, she went on to join the cast of drama, Tahidi High, playing the role of Tanya. It earned her the award for Best…
- A new generation of writers, directors and technical crew is leading the charge to reshape how we tell and consume our own African stories across the MultiChoice Group platforms – and the storytelling charge is being led by women. “The desire for homegrown content is increasing exponentially,…
- Topline States with an overexposure to artificial light pollution—particularly at night—are linked to an increased risk of Alzheimer’s disease, according to a new study by scientists at Rush University Medical Center, the latest research to suggest people’s likelihood of developing Alzheimer’s may…
- When Danai Gurira returned to the United States (U.S.) at the age of 19 from Zimbabwe, she was acutely aware that something was lacking in the way African stories were being told. “This built up an outrage in me, so to speak, because I couldn’t see the African narrative told, in the United States,…
- South African President Cyril Ramaphosa is currently in China for his second state visit, along with his participation in the Summit of The Forum on China-Africa Cooperation (FOCAC) this week. This visit underscores a deepening of bilateral relations, focusing on trade negotiations, political…
- A personal health crisis spurred Ebun Feludu to switch to using coconut milk, and today, through her enterprise, she is on a valuable mission to plant over a million coconut trees with other farmers in Nigeria. Kokari, which means ‘let the good go around’ in Yoruba, is a mantra Ebun Feludu has…
- When Danai Gurira returned to the United States (U.S.) at the age of 19 from Zimbabwe, she was acutely aware that something was lacking in the way African stories were being told. “This built up an outrage in me, so to speak, because I couldn’t see the African narrative told, in the United States,…
- Topline The first mRNA mpox vaccine to be pitted against licensed vaccines beat its rivals by easing symptoms and potentially cutting transmission, according to new research published Tuesday, a coup for manufacturer Moderna as it strives to prove itself beyond COVID-19 amid efforts to contain an…
- From Tems to Tyla, African music has had a great year thus far, especially for female artists across the continent. The success of artists like Ayra Starr or Fave has been one that Afropop queen, Yemi Alade, has inadvert- tently had a lot to do with. “Sometimes I feel like there are no expectations…
- Mpumelelo Mhlongo went into the T44 100-meters final at the Paris 2024 Paralympic Games filled with self-belief having claimed the World Championship title in the last two years, and he delivered a first gold medal for South Africa. Medals for Africa as a continent have been hard to come by at the…
- Amid the widespread global support for the United Nations’ Sustainable Development Goals (SDGs), there was an underlying concern among economists and financial advisors in the emerging and frontier markets: public sector and donor funds were stalled, if not regressing, and the funding gap to…
- Elon Musk remains at No. 1. But the ups and downs of tech stocks shuffled the ranks of others among the world’s top 10 richest, with Larry Ellison falling a notch while Bill Gates overtook the Google cofounders. For the second month in a row, gyrating tech stocks rearranged the ranking of more than…
- Sunil Kaushal, the new Co-Head for Corporate and Investment Banking at Standard Chartered, has been with the group since 1998 and in the banking business for the last 36 years. In a chat with us in February this year, when he was Regional CEO for Africa and the Middle East, he talked about the bank…
- Topline Managing the early stages of medication abortion care at home later in pregnancy is safe and cuts down time spent in hospital, according to new research published on Thursday, which researchers say could boost access to the procedure as reproductive rights stand out as a key issue in the…
- Leadership lessons from Imtiaz Patel, the man who began by teaching accountancy and playing cricket in apartheid South Africa, going on to help transform the gountry’s sports and entertainment Landscape. It was 1988, the year London’s Wembley Stadium beamed to the world a jam-packed pop music…
- The diamond, discovered using Lucara’s Mega Diamond Recovery (MDR) X-ray Transmission (XRT) technology, is the second-largest ever found, following the 3,106-carat Cullinan Diamond from South Africa in 1905. Diamond exploration and mining company Lucara indicates that it could take between three…
- We meet Africa’s largest lender in one of the world’s most dynamic financial markets. In Dubai in june, we speak with the Johannesburg- based Kenny Fihla, the Chief Executive Of Corporate and Investment Banking at Standard Bank, a 160-year-old institution with a footprint covering 20 African…
- Topline A pair of listeria outbreaks in the U.S. in recent weeks have led stores and brands—including Boar’s Head, Wiers Farm and Freshire Farms—to recall products like deli meat in 23 states, as officials say five more people died in relation to one outbreak. Key Facts A listeria outbreak in deli…
- Nigeria’s Financial & Professional Services (FPS) sector demonstrated strong performance in 2023, with the banking sub-sector leading the way, contributing 4.6% to the nation’s gross domestic product (GDP), according to the recent State of Enterprise (SOE) 2024 report by EnterpriseNGR, a member…
- Over a month after the release of the final instalment of her acclaimed trilogy on Orïsha (fictional land), Tomi Adeyemi, the 31-year-old Nigerian-American author, is setting her sights on a special journey back home to her roots. Speaking with FORBES AFRICA via Zoom from the United States, Adeyemi…
