For much of the past two years, debate around the European Union Deforestation Regulation (EUDR) has centred on risks. Exporters worry about rising compliance costs. Cooperatives fear the burden of collecting geolocation data from thousands of smallholder farmers. Policymakers question whether the regulation shifts the cost of environmental protection onto producing countries. These concerns are…
Thomas Trutschel | Photothek | Getty Images U.S. support for Japanese efforts to bolster the country’s struggling currency has offered a sharp bounce for the yen in recent sessions, strengthening some 5% before paring gains on Monday. The coordinated intervention has lifted the yen to 157 to the dollar, down from just above 163, which…
Cairo — Africa’s multilateral lender, African Export-Import Bank (Afreximbank), secured its largest bond issuance on record after raising $1.5 billion from international investors, marking its return to the US dollar public debt market for the first time in nearly five years. The Cairo-based lender priced a dual-tranche senior unsecured Eurobond, attracting strong demand from investors…
Sam Altman has declared that the moment the AI industry has spent a decade anticipating has arrived. “We’re now, like, in the singularity,” the OpenAI CEO said on the Relentless podcast, published on 25 July 2026. “This is the moment.” He expects it to be “incredible, hugely positive, awesome for the world”. Elon Musk agreed…
Nigeria enters this transition with considerable advantages. It has Africa’s largest population, one of the continent’s largest healthcare markets, a rapidly expanding digital economy and a technology sector with growing regional influence. For Nigeria, the opportunity is larger than building a stronger health system. It is to build companies that commercialise Nigerian research, manufacture products…
The United States and Iran will hold new talks Monday afternoon, President Donald Trump said, after announcing he called off intense new strikes to allow for a deal on the Strait of Hormuz and Tehran’s nuclear program. Iran said Monday it was not currently holding talks with the U.S. but was in discussions with Oman…
As much of the world faces grapples with above normal temperatures and major rainfall changes, the UN Meteorological Organization (WMO) warned on Friday that El Niño, a powerful climate pattern shaping global weather, will intensify starting next month. Why it matters A strong El Niño is developing and expected to strengthen during August through October,…
Gregory MacLennan, CEO and co-founder of Digicloud Africa. The first Google Cloud Summit to be held in Africa generated massive excitement in the local market – an indication that the Google AI groundswell is here. This is according to Gregory MacLennan, CEO of Digicloud Africa – Google Cloud distributor for Africa and sponsor of the…
Magnitude 5.0 Earthquake Strikes Off Egypt’s Coast Near Suez A magnitude 5.0 earthquake struck off Egypt’s coast, according to the United States Geological Survey, with the epicentre located about 36 kilometres northeast of the port city of Suez. The German Research Centre for Geosciences measured the quake at magnitude 5.4 and a depth of…
Consult Financial Adviser Juan Gebhardt believes you can, but that it takes patience, consistency and a “millionaire mindset”. While the old quiz show might have been called, “Who wants to be a millionaire?”, the question arguably would have been better posed as, “Who doesn’t want to be a millionaire?” Because – aside from a handful…
