Naspers shares tumble on iFood investment warning

Naspers shares tumble on iFood investment warning

Naspers and Prosus CEO Fabricio Bloisi Naspers and Prosus shares both shed around 7% on the JSE on Tuesday after the technology investment group warned it will sharply increase spending at iFood, its Brazilian food delivery crown jewel, to fight off an aggressive competitive offensive in its single most important operating market. In a letter…

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Africa: Mudavadi – the Africa Forward Summit: From Nairobi to the G7 in Evian

Africa: Ruto At Africa Forward Summit – Africa Must End Dependence On Aid and Demand Equal Global Voice

Nairobi — President William Ruto has called on African nations to take greater control of their development financing and reduce reliance on foreign aid and unsustainable borrowing, saying the continent must assert its rightful place in global decision-making. Speaking at the Africa Forward Summit on Tuesday, which brought together heads of state, including French President…

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Prosus signals strong FY26 ahead of June results

Prosus signals strong FY26 ahead of June results

Naspers and Prosus CEO Fabricio Bloisi. (Supplied) Naspers unit Prosus will release its FY26 financial results in June, with CEO Fabricio Bloisi signalling a strong underlying performance and improved profitability across its ecosystem businesses. In an update to shareholders, Bloisi points out FY26’s performance is a reference point for the group’s financial trajectory, with profitability…

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Africa: Ruto Urges Africa to Commercialise Sports Industry for Jobs and Economic Growth

Africa Pushes for UN Security Council Reform, Demands Historic Correction – AU Chair

Nairobi, Kenya — The African Union has renewed its call for a “historic correction” of global governance structures, urging urgent reform of the United Nations Security Council to reflect current geopolitical realities. Speaking on the sidelines of the Africa-France summit in Nairobi, African Union Commission Chairperson Mahmoud Ali Youssouf reaffirmed Africa’s unified position on Security…

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Putin hails Russia’s test launch of new ICBM known as Satan II, calls it “most powerful missile in the world”

Putin hails Russia’s test launch of new ICBM known as Satan II, calls it “most powerful missile in the world”

Russia on Tuesday test-fired a new intercontinental ballistic missile as part of efforts to modernize the country’s nuclear forces, a launch hailed by President Vladimir Putin just days after his claim that the fighting in Ukraine is nearing an end. Putin said that the nuclear-armed Sarmat missile would enter combat service at the end of…

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