Consumer inflation in the United States increased at the fastest pace in three years as surging oil prices amid tensions with Iran weigh on global energy markets before the US Federal Reserve’s policy meeting next week. Inflation rose by 0.5 percent in May compared with the prior month, following a 0.6 percent jump in April,…
MTN South Africa CEO Ferdi Moolman MTN South Africa is targeting between R4-billion and R6-billion in savings by 2029 under a sweeping “structural reset” that its new CEO, Ferdi Moolman, insists is a restructuring of the business rather than a simple cost-cutting exercise. Presenting at MTN Group’s capital markets day on Wednesday, Moolman positioned the…
Dan and Ramatah are developing a 15-hectare plot of previously unused land on the outskirts of Livingstone, Zambia. They are now building an agribusiness, producing cherry tomatoes and fresh vegetables.PHOTO/FAO/Mukaba Mukaba. By SECIAL CORRESPONDENT For one young, Zambian couple, it all began with a bold decision to leave their desk jobs. What started as conversations…
The Deputy Minister of Education, Dr Clement Abas Apaak, has called on African governments to dedicate up to two percent of their annual GDP to digital infrastructure development. According to him, Africa’s digital ambitions would not only remain difficult to achieve, but a mirage without substantial investment in infrastructure capable of supporting innovation and technological…
Oil prices shot higher Wednesday after U.S. President Donald Trump declared that Iran will “pay the price” for being too slow to negotiate a peace deal. U.S. crude oil futures for July delivery jumped nearly 2% to $89.72 per barrel as of 7:15 a.m. ET. Brent futures, the international benchmark, for August delivery, rose 1.3% to…
Reatlegile Rammuki will represent the country on a global stage after being selected for an MIT programme exploring the use of AI in healthcare. A 16-year-old South African artificial intelligence (AI) enthusiast has been selected to attend a prestigious AI and healthcare programme at the Massachusetts Institute of Technology (MIT) in the US. Reatlegile Rammuki,…
Commissioner for Insurance, Mr Ayo Olusegun Omosehin, has said that despite the recorded gap in Africa’s insurance penetration, the continent commands an estimated $68 billion premium pool, signalling strong underlying demand where access exists. Omosehin who spoke in a high-level panel discussion at the 52nd African Insurance Organisation Conference in Cairo Egypt, challenged the regional…
Washington, DC — In February, U.S. Congress passed a one-year extension of the African Growth and Opportunity Act (AGOA). This came after a year of foot-dragging which resulted in the temporary lapse of the trade preference program. Meanwhile, China extended duty-free access to 53 African countries with which it maintains diplomatic relations. The juxtaposition of these…
IE 11 is not supported. For an optimal experience visit our site on another browser. Here Are the Best Ways to Clean Stains and Save Your Money 04:47 Serena Williams Wins After 4 Years Away From Competition 00:25 Now Playing Pope Leo XIV to Hold Mass at Spain’s Iconic Basilica 02:34 UP NEXT Violent Anti-Immigration…
MTN Group CEO Ralph Mupita MTN Group on Wednesday unpacked its Ambition 2030 strategy under the banner “one MTN, three platforms” – with targets to triple its fibre network, grow fintech 13x and double data usage. Ambition 2030, MTN’s new five-year strategy, is built around three platforms – connectivity, fintech and digital infrastructure – with…
