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…
Nairobi — President William Ruto has called on African nations to mobilise their own financial resources to fund critical infrastructure, warning that overreliance on foreign capital is slowing the continent’s development ambitions. Speaking during the opening of the The Africa We Build Summit 2026 in Nairobi, the President said Africa must take control of its…
British International Investment (BII), has launched its new five-year strategy, with the aim to drive £9 billion of new capital into Africa to support economic growth. A central pillar of the strategy is a focus on accelerating the flow of private capital into African countries. Of the £9 billion, BII will contribute nearly £5 billion,…
Nigeria’s Minister of Aviation and Aerospace Development, Festus Keyamo, has called for urgent and unified action to transform Africa’s aviation sector, insisting that the region must become self-sustaining in aircraft maintenance to curb current capital flight from the continent. Speaking at the 2026 Ethiopian Aviation Forum in Addis Ababa, Keyamo commended Ethiopian Airlines and described…
The U.S. and Israel unleashed a major attack on Iran on Saturday in what President Trump said was designed to wipe out the regime’s military capabilities and eliminate the threat of the country creating a nuclear weapon. Iran’s Supreme Leader Ayatollah Ali Khamenei was killed the strikes, Mr. Trump said late Saturday afternoon. A map…
The formal launch of Live54+ marks a significant development in the maturation of Africa’s creative industries from culturally influential but structurally fragmented enterprises into a consolidated, investment-grade platform. Headquartered in Nairobi with coordination hubs in Dubai and Mauritius, the group unifies several established East and West African creative businesses under a single multinational holding framework,…
