The latest economic outlook report by the African Development Bank (AfDB) projects that the continent will grow at 4.2 per cent in 2026, slightly down from 4.4 per cent in 2025, before bouncing back to its growth trajectory in 2027. The downward revision for 2026 comes at the back of heightened geopolitical tensions and global…
Beirut had until now largely been spared even as both Israel and Hezbollah accused each other of breaking last month’s ceasefire.
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…
Communications minister Solly Malatsi. Image: DCDT Communications minister Solly Malatsi has backed a proposal to extend South Africa’s real estate investment trust (Reit) regime to digital infrastructure – a reform the sector has long argued could unlock billions of rand in capital for fibre networks, mobile towers and data centres. “While we work on stabilising…
The Africa CEO Forum that went underway in Kigali on Thursday should not end as another gathering where Africa’s ambitions are eloquently stated but weakly acted upon. If there is one urgent message policymakers in the room must take home, it is that the continent cannot build a single market while making it difficult for…
Just as the world’s AI bulls looked to be running out of puff, a fresh investor frenzy has hit Asia’s tech names, making Seoul’s stock market the world’s hottest and delivering bonuses of half a million dollars to workers at one Korean chip maker. Asia’s three most valuable companies are chip makers — TSMC, Samsung…
First, when the volunteer helping after a hurricane is a white nationalist. Then, birders flock here since guerrillas disarmed. And, Grasse: The perfume capital of the world.
Porsche has agreed to sell its equity stake in Bugatti Rimac. Porsche and Rimac Group established Bugatti Rimac as a joint venture in 2021 to serve as home to the iconic Bugatti brand. In this joint venture, Porsche holds a minority stake of 45%, Rimac Group owns 55%. Porsche also holds a 20.6% stake in…
Nairobi — President William Ruto has urged African countries to mobilise domestic capital to finance infrastructure development, warning that continued reliance on foreign funding is slowing down progress and undermining the continent’s long-term development agenda. Speaking during the opening of the Africa We Build Summit in Nairobi, Ruto said Africa’s development ambitions risk remaining unfulfilled…
Africa’s domestic capital base has reached a scale that now exceeds external financing flows over the past decade, marking a turning point in how the continent funds its growth and industrialisation, according to the Africa Finance Corporation’s (AFC) State of Africa’s Infrastructure Report 2026. The report finds that cumulative external flows to Africa totalled approximately…
