The Reserve Bank will start piloting white-labelled ATMs in January, the first step in a plan to turn all of South Africa’s more than 30 000 machines into a shared, unbranded network where transactions below a set threshold are free. To get there, the central bank intends to establish a national cash utility by March 2027…
Four years after Milkor earmarked five of its 380 drones for the South African National Defence Force (SANDF), South Africa has still not bought one. The Cape Town-built aircraft is flying for a customer in the Middle East instead, Milkor says. “South Africa is not a direct customer in the sense that they have bought,”…
Nairobi — Global leaders convened at the United Nations headquarters in New York for a private sector forum, where business leader from Nairobi, Kenya Chris Diaz argued that the course of the world’s future hinges on how countries and industries tackle today’s most pressing issues. “Our future will be shaped by how we address the…
Malnutrition among children under five remains one of sub-Saharan Africa’s most persistent public health challenges. Countries and development partners have introduced numerous nutrition programmes. Yet millions of young children continue to suffer from poor nutrition. Drawing on our expertise in public health, nutrition and health systems research, we conducted a review of recent evidence about…
Nigeria has been ranked first top banana producers in West Africa, but lacks potential for export growth. According to data compiled by the Food and Agriculture Organization of the United Nations (FAO), West Africa harvested nearly 8.7 million tons of bananas in 2024. This represented about 28 per cent of Africa’s estimated output of nearly…
Dangote Petroleum Refinery opened its initial public offering on September 14, starting a share sale that could raise ₦2.15 trillion, or about $1.6 billion, in Africa’s largest IPO. The company is offering 4.1 billion shares at ₦525 each. The offer closes October 13, with trading on the Nigerian Exchange expected to begin in November. The…
Bulk water utility Rand Water on Thursday disclosed that it had become the latest institution to fall prey to cyberattackers. However, it said the impact on its operations has been minimal. Rand Water’s primary activity is the provision of bulk water supply services – potable bulk water and sanitation services — in Gauteng and neighbouring…
Jensen Huang, CEO of Nvidia Nvidia’s reported move to acquire Hugging Face for about US$12.9-billion (R207-billion) looks, at first glance, like a strange bet. The target is a 10-year-old start-up with roughly $150-million in annual revenue that was last formally valued at $4.5-billion in a 2023 funding round. A near-triple markup for a company only…
The potential investment in OPay followed Standard Bank Group’s disclosure that it plans to increase its investments in companies across Africa in June. Africa’s largest bank by assets, Standard Bank Group is in negotiations with Nigerian fintech company OPay ahead of the latter’s planned initial public offering (IPO) in the United States. OPay is working…
“I’ve gone through almost the same thing they are going through. And I just decided that I’m not…” Veteran Nigerian galala singer John “Daddy Showkey” Asiemo has expressed disappointment over the long-running feud between P-Square singers Peter and Paul Okoye and their elder brother and former manager, Jude Okoye. Daddy Showkey made the remarks during…
