Early momentum is real, but AU member states, private capital and wary US investors have yet to be brought on board. Since the African Union Commission (AUC) and United States (US) government signed off on the Strategic Infrastructure and Investment Working Group (SIWG) in January, the platform has begun to take shape. Projects are being…
Discovery’s head office in Sandton. Image: Boogertman and Partners Discovery is buying its way deeper into US health technology. On 1 September, two months after its financial year ended and two days before it reported annual results, the group’s wholly owned US subsidiary Vitality Group International acquired 100% of Icario Holdco, a US healthcare services…
Senegal reached a staff-level agreement with the International Monetary Fund for a $2.2 billion, 3-year lending programme as the government seeks to restore debt sustainability after uncovering more than $11 billion of previously misreported borrowing. The agreement still requires approval from IMF management and its Executive Board. The deal follows months of negotiations after the…
Shoprite Holdings CEO Pieter Engelbrecht Shoprite has completed its acquisition of R&A Cellular, taking an initial 51% of the eMalahleni company whose point-of-sale devices sit behind the counter in spaza shops and informal stores across South Africa. The transaction became effective on 14 August 2026, according to Shoprite Holdings’ results for the 52 weeks to…
US President Donald Trump speaks in the Rose Garden of the White House in Washington, DC, on Aug. 24, 2026. Jim Watson | AFP | Getty Images The U.S. struck a deal with Venezuela to get majority control of more than 65 billion barrels of oil reserves as the war with Iran roils the global…
Canada and the US are finalising a highly anticipated trade deal, with President Donald Trump and Prime Minister Mark Carney touting it as a success. Trump said the proposed deal will be welcome by US farmers and manufacturers, while Carney said it will secure “the best terms” for Canada’s strategic sectors and provide certainty on…
President Trump said Tuesday he has paused the 50% tariffs on a range of Canadian goods that were set to take effect Wednesday. “I have paused the 50% Tariffs against Canada, that were scheduled to kick in tomorrow morning for a three day period, based on the fact that Canada and the U.S.A., subject to…
0m ago Saudi Arabia reportedly moving crude oil out of Strait of Hormuz using ship-to-ship transfer Saudi Arabia’s oil giant Aramco resumed offering crude oil shipments last week, using ship-to-ship transfers off the United Arab Emirates coast, the Reuters news agency says, citing shipping data and trade sources. Aramco, which is the world’s top…
Nearly six in 10 South African registered voters would accept exempting US companies from black economic empowerment requirements if it brought investment and jobs, according to polling published by The Common Sense – and support is strongest among black voters. The Social Research Foundation’s (SRF’s) second-quarter 2026 market survey found 47% of voters strongly agreed…
An Israeli attack on southern Lebanon wounded two people on Tuesday and damaged an ambulance, the Lebanese health ministry said, condemning the “continued targeting” of rescuers. Lebanon’s state-run National News Agency said the strike targeted a vehicle in the southern city of Nabatieh, with the health ministry reporting two wounded. The ministry said the Israeli…
