TotalEnergies is sustainably growing a multi-pronged offshore strategy in Angola, combining deepwater project development, brownfield optimization and frontier exploration as the company expands its long-term position in the country. The oil major is also betting on asset development in Nigeria, where it has significant investment in prolific producing assets. The company’s Angola country manager, Martin…
Plug-in hybrid electric cars (PHEVs) outsold pure battery-electric vehicles (BEVs) by more than two to one in South Africa last year, marking the local market out as a global outlier even as overall electric car adoption remained stuck below 1% of new vehicle sales. That’s according to the latest International Energy Agency (IEA) Global Electric…
Africa is providing cheap liquidity to wealthy nations. In return it is paying huge interest rates to external institutional investors at the cost of its own development. For instance, African central banks export their reserve funds for safekeeping. Sovereign wealth funds and pension fund managers invest only in investment-grade European and United States institutions. The…
NAIROBI, Kenya, May 21-East African business leaders are calling on organizations to urgently scale up artificial intelligence (AI) adoption and workforce training, warning that companies that delay risk losing competitiveness in a rapidly evolving digital economy. The call was made during the East African Business Leaders Round Table convened by SeamlessHR and KPMG East Africa,…
AI Everything Kenya X GITEX Kenya opened Tuesday, May 19, at the Sarit Expo Centre in Nairobi, anchoring a wider East African conversation about who will build, fund and regulate artificial intelligence across the region as governments, investors and technology firms converge to stake their claim in Africa’s digital future. Powered by the 45-year legacy…
Africa is one of the most biodiverse regions on Earth. But much of its biodiversity remains poorly studied. Research from the continent contributes to less than 1% to global scientific output. This pattern is often explained by limited investment in research. Governments in sub-Saharan Africa allocate, on average, only about 0.4% of their gross domestic…
The Director General of the International Atomic Energy Agency (IAEA), Rafael Mariano Grossi, has called for a new global approach to financing nuclear energy, warning that current funding models are slowing down the development of critical energy infrastructure, particularly in Africa. He said this on Tuesday, May 19, during the opening of the second Nuclear…
At the 2026 Africa Forward Summit, convened by Kenyan President William Ruto and French President Emmanuel Macron, Heirs Holdings Founder and Group Chairman Tony O. Elumelu delivered a strong message to global leaders, investors, and development partners: Africa seeks meaningful partnerships rooted in equality, not dependency. Addressing delegates at the summit, Elumelu emphasized that Africa’s…
Nairobi, Kenya — It is very appropriate that this Africa Forward Summit is being held in Kenya. Two weeks ago, a Kenyan marathon runner, Sabastian Sawe, did what had been considered impossible: by running a marathon in under two hours! What we have set ourselves here is also a marathon–and we must show the same…
MONROVIA — Auditor General P. Garswa Jackson, Sr. opens Monrovia to 26 of Africa’s top financial watchdogs Monday, as Liberia hosts the continent’s most high-stakes public audit gathering for the first time in the GAC’s history. The assembly, convened under the African Organization of English-speaking Supreme Audit Institutions, known as AFROSAI-E, runs Monday through Friday…
