South Africa on Friday secured its first credit rating upgrade in nearly 20 years after S&P Global raised the country’s foreign-currency long-term sovereign rating to “BB” from “BB-“, citing stronger growth prospects, an improving fiscal outlook and reduced contingent liabilities following better performance at state power utility Eskom. National treasury has worked to arrest rising…
The BBC has issued an apology to President Trump over editing of a speech he gave on Jan. 6, 2021, that aired in its documentary “Trump: A Second Chance.” Mr. Trump had threatened to sue the British broadcaster for $1 billion over the program about the Capitol riot, and the BBC noted in a statement Thursday…
Fred Zhou, CEO of Honor South Africa. (Photograph by Lesley Moyo) Honor wants to move from being a handset maker to becoming a leading AI-enabled device business. According to Fred Zhou, CEO of HONOR South Africa, the start of this journey is all about delivering intelligent AI handsets. “For so many, these mobile devices are…
US calls on UN Security Council to back its draft resolution aimed at bolstering Trump's Gaza peace plan.
Gaby Magomola Digital bank Revolut has appointed former African Bank CEO Gaby Magomola as chairman of its South African subsidiary, all while the digital challenger pursues a formal banking licence with local regulators. In a statement on Friday, Revolut said it has submitted its “section 12” application to the Prudential Authority of the Reserve Bank…
Walmart CEO Doug McMillon is retiring early next year, after overseeing the top U.S. retailer’s transformation into an e-commerce behemoth, the company said Friday in a filing. The longtime CEO will be succeeded by John Furner, the Walmart U.S. CEO, on Feb. 1, according to the filing. McMillon, who stepped into the top role at…
The rise of genAI tools has introduced new risks. AI adoption is exploding across Africa, but without proper readiness assessments and controlled adoption, it can present new risks to organisations. This is according to Kejendree Pillay, Microsoft Portfolio Manager at First Distribution, one of the leading Microsoft CSP distribution companies across Africa. Speaking during a…
Kigali, Rwanda 12 November 2025: The Fund for Export Development in Africa (FEDA), the development equity impact investment arm of African Export-Import Bank (Afreximbank), is pleased to announce a US$300 million strategic investment in the Africa Minerals and Metals Processing Platform (A2MP). This investment underscores Afreximbank’s commitment to supporting Africa’s mining sector and ensuring the…
New York — Partnership to Reach 23 Million Pregnant Women and their Babies with Essential Prenatal Vitamins and Minerals Globally In a bold step to combat maternal undernutrition and protect the health of future generations, Kirk Humanitarian announced a new commitment today of US$50 million in prenatal vitamins and minerals, accessible to more than 60…
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