The summer and fall months often see menacing storms roaring through the Atlantic Ocean — with the Atlantic hurricane season starting on June 1 and continuing through Nov. 30. Historically, on average, hurricane and tropical storm activity peaks on Sept. 10. But this year has been quieter than expected when it comes to tropical systems…
Agnes Mlambo Eskom has purchased 20 electric vehicles, ranging from light delivery vehicles to light trucks, as it pursues a long-term plan to electrify its entire fleet. It said on Wednesday that the 20 vehicles will be deployed mainly in its distribution and generation divisions. The utility plans to buy another 100 EVs in the…
Africa’s deepening housing crisis, estimated at more than 52 million units, is emerging as one of the continent’s most urgent barriers to achieving the African Union’s Agenda 2063 development blueprint, financial and development leaders warned Monday at the Intra-African Trade Fair (IATF2025) in Algiers. The continent’s housing shortfall, experts say, now carries an estimated price…
Somali President Hassan Sheikh Mohamud on Wednesday joined regional leaders in Guba, Ethiopia, for a five-party summit focused on mobilizing financial and political support for the African Union Support Mission in Somalia (AUSSOM). The high-level meeting was attended by Ethiopian Prime Minister Abiy Ahmed, Djiboutian President Ismaïl Omar Guelleh, Kenyan President William Ruto, and African…
On Tuesday, Israel launched a targeted air strike on a Hamas leadership compound in Qatar’s capital, Doha, during a meeting to discuss a US-proposed ceasefire for Gaza. The strike killed six people, including the son of senior Hamas leader Khalil al-Hayya, the director of al-Hayya’s office, three bodyguards and a Qatari security officer. However, its…
Milu Kipimo, SA country manager, Bolt Business. Bolt Business has appointed Tanzanian executive Milu Kipimo as its new country manager for SA. In his role, Kipimo will oversee business development and team growth to expand Bolt Business in SA. Kipimo previously served as senior country manager for Tanzania, Tunisia and Ghana. He has more than…
Addis Ababa, Sept 10, 2025 — One day after Ethiopia officially inaugurated the Grand Ethiopian Renaissance Dam (GERD), the continent’s largest hydroelectric project, Prime Minister Abiy Ahmed held a series of high-level meetings with regional leaders to discuss security and development in the Horn of Africa. Among those he met was Somali President Hassan Sheikh…
LONDON — European stocks were mixed on Wednesday as investors assessed the latest trade news, corporate earnings and inflation data. The pan-European Stoxx 600 index was 0.02% higher by 3:30 p.m. (10:30 a.m. ET) in London, losing most of its earlier gains. Germany’s DAX slipped 0.3% while France’s CAC 40 was 0.25% higher, even with…
Digital challenger bank TymeBank has introduced a PayShap Request payment option that third-party payment service providers can offer to merchants to use with their clients. According to a statement by the bank on Wednesday, the functionality will give South African businesses “a simple, unique and bank-agnostic” way to receive instant payments from customers at checkout….
Former Finance Minister Tendai Biti has accused the government of overburdening Zimbabweans with what he described as “toxic” new presumptive taxes that threaten to cripple small businesses and deepen economic hardship. Posting on X (formerly Twitter) after the publication of Public Notice 51 of 2025, which sets out new tax obligations for informal traders, Biti…
