MTN Group said on Tuesday that its core earnings jumped 27.9% in the first quarter, outpacing revenue growth as tighter cost control and strong performances in Nigeria and Ghana boosted profit. Africa’s biggest telecommunications operator, which has more than 310 million customers in 16 markets across the continent, said its earnings before interest, tax, depreciation…
Algiers — President of the Republic Abdelmadjid Tebboune on Monday emphasized the commitment of both Algeria and Angola to strengthening peace and stability in Africa, highlighting the need to intensify coordination to address common threats within an African-led approach based on peaceful solutions and non-interference in the internal affairs of states. In a joint statement…
The UN says the use of drones is making the conflict more dangerous. Divided by fighting, desperate for peace. Three years of conflict in Sudan have caused one of the worst humanitarian crises in recent times. The UN says 14 million people have been displaced. Nearly half of Sudan is facing acute hunger. And more…
Public procurement reform rarely makes headlines. But when a single digital system begins to demonstrably reduce costs, shorten timelines, and open up contracting opportunities to a wider pool of businesses–all within three years–it is worth examining how it happened and what others can learn from it. Tanzania’s Public Procurement Regulatory Authority (PPRA) has done exactly…
Solly Malatsi, communications and digital technologies minister. The communications ministry has appointed an independent expert review panel of astute individuals to drive the development of the country’s artificial intelligence (AI) policy. Minister Solly Malatsi announced this during his department’s budget vote this afternoon, addressing the issue of the now-withdrawn draft National AI Policy. Last month, furore…
Vice President Lucia Witbooi has urged French businesses to invest in Namibia, saying the country has made major progress in diversifying its economy beyond traditional sectors such as mining and agriculture. Witbooi made the call during a meeting with French businesses and the MEDEFI delegation on yesterday morning in Nairobi, Kenya, as part of the…
Piotr Swat | Lightrocket | Getty Images Telehealth company Hims & Hers’ stock plummeted on Tuesday after posting a first-quarter loss and weak earnings guidance for the year ahead. The digital health firm reported a net loss of $92 million in its first quarter earnings on Monday, compared with roughly $50 million for the same…
Youssef Elgonaid Interview with Youssef ElgonaidCO-FOUNDER and CEO, AFRICAN RAIL COMPANY For decades, South Africa’s freight rail network has been tightly controlled by the state. Youssef Elgonaid, CEO of African Rail Company (ARC), describes the recent move to grant private operators wider access to the system as a “once-in-a-generation opportunity”. Founded in 2013, ARC recently…
Youssef Elgonaid Interview with Youssef ElgonaidCO-FOUNDER and CEO, AFRICAN RAIL COMPANY For decades, South Africa’s freight rail network has been tightly controlled by the state. Youssef Elgonaid, CEO of African Rail Company (ARC), describes the recent move to grant private operators wider access to the system as a “once-in-a-generation opportunity”. Founded in 2013, ARC recently…
When COP31 opens in Antalya, Türkiye, this November, you’ll recognize the choreography immediately. I saw it all play out at COP29 in Baku: African ministers arrive with speeches about ambition, negotiators disappear into rooms with marked-up drafts, banners line the walkways outside, and climate slogans sound urgent. Ten days later, the summit ends and the…
