Government is considering a “mega bid window” that accelerates energy deployment and fast-tracks industrialisation, localisation and job creation across the energy infrastructure value chain. This comes after the announcement of its R2.2-trillion energy plan, which aims to boost renewable generation, with the private sector expected to fund about two-thirds of the investment. Energy minister Kgosientsho…
Transnet is a state-owned freight, rail, port, and pipeline logistics company in South Africa. The North Gauteng High Court has dismissed an urgent application by Transnet to compel IT services provider Gijima to complete critical data migration and disengagement services after the end of a R1.5 billion IT tender. Despite the contract reaching its stated…
French Prime Minister Sébastien Lecornu has told parliament he backs suspending controversial 2023 pension reforms, in the face of crucial votes of no-confidence later this week. The changes, which raised the retirement age from 62 to 64, were seen as signature reforms in Emmanuel Macron’s presidency. “This autumn I will propose to parliament that we…
The National Resistance Movement Southern Africa Chapter (NRM-SAC) has demonstrated its unwavering support for President Museveni’s 2026 re-election campaign by launching the NRM-SAC Taskforce Great Trek, a large-scale mobilisation drive expected to cover communities across Uganda. The taskforce, comprising over 400 members and more than 50 vehicles, will set off from the NRM-SAC headquarters at…
The East African Legislative Assembly (EALA) on October 7 passed a motion urging the East African Community (EAC) Council of Ministers and Partner States to accelerate efforts toward achieving universal health coverage across the region to ensure that no citizen of the community is left behind in terms of accessing medical care. The motion was…
Two HSBC bank logos are displayed on an office building in Mexico City, Mexico, July 25, 2025. Henry Romero | Reuters Hang Seng Bank shares jumped 29.5% Thursday after parent HSBC announced plans to take it private, valuing the lender at more than 290 billion Hong Kong dollars (over $37 billion). HSBC, Europe’s largest lender,…
Kampala, Uganda — Africa’s reinsurance market has for decades been dominated by global giants such as Swiss Re, Munich Re, and the syndicates of Lloyd’s. While these firms bring deep expertise and capital, their dominance has left local insurers struggling to grow. Africa, which accounts for just 1.5% of global premiums, has the highest number…
Paramount Skydance is working with an investment bank as it prepares an offer for Warner Bros. Discovery, according to people familiar with the matter. Warner Bros. Discovery had yet to receive an offer as of Thursday, according to people familiar with the matter, who spoke on the condition of anonymity to discuss nonpublic dealings. A…
Elon Musk. David Swanson/Reuters Elon Musk tried to enlist rival Mark Zuckerberg for the US$97.4-billion bid that his consortium made for OpenAI earlier this year, but the CEO of Meta Platforms did not come on board, OpenAI said in a court filing on Thursday. OpenAI, the owner of ChatGPT, said Musk had communicated with Zuckerberg…
Perplexity AI has made a US$34.5 billion all-cash offer to acquire Google’s Chrome browser, a move that would provide the AI startup with access to billions of users and a significant advantage in the AI search race. The offer, which is well above Perplexity’s own valuation, comes at a time when regulatory pressure threatens Google’s…
