Electricity has been restored to the Nigerian High Commission in Pretoria, South Africa, after the diplomatic mission settled outstanding municipal service debts, the City of Tshwane announced. The power supply was disconnected on Monday by the City of Tshwane as enforcement action over unpaid utility bills owed by the Nigerian High Commission. The move was…
The Nigerian High Commission in South Africa has settled its outstanding electricity bills following the disconnection of power to its premises by municipal authorities. The Mayor of City of Tshwane, Nasiphi Moya, had earlier announced that electricity supply to the Nigerian High Commission was cut as part of the city’s debt recovery drive. Moya said…
How much we pay for the debt that we incur determines a great deal in our lives. This is true of countries too. In the world of sovereign debt – money raised or borrowed by governments – the cost of debt is dependent on, among other factors, how rating agencies “grade” a country. It’s a…
African tech startups raised US$4.1 billion in 2025, up 25% from a year earlier, marking the strongest funding year since 2022, according to Partech’s annual Africa Tech Venture Capital Report released January 22, 2026. Equity funding reached US$2.4 billion, an 8% increase year on year, across 462 deals. Debt financing climbed to a record US$1.6…
Oracle chairman Larry Ellison. Robert Galbraith/Reuters Oracle was sued on Wednesday by bondholders who say they suffered losses because the company chaired by billionaire Larry Ellison concealed its need to sell significant additional debt to build out its artificial intelligence infrastructure. The proposed class action was filed in a New York state court in Manhattan…
The Group of Twenty (G20) emerged from the financial turmoil that followed the collapse of the Thai currency in 1997, which rapidly spread financial instability from Thailand to the rest of Asia. At that time, the finance ministers and central bank governors convened to forge a strategy to stabilise the global economy and prevent future…
A view of Oracle’s headquarters in Redwood Shores, California. Justin Sullivan | Getty Images The apprehension investors have surrounding Oracle has spilled over from manifesting in its stock price — which has fallen nearly 50% from its all-time high on Sept. 10 — to affecting its projects. Asset management firm Blue Owl Capital reportedly pulled…
Wiocc Group CEO Chris Wood Pan-African digital infrastructure provider Wiocc Group has secured an additional US$65-million (R1.1-billion) in debt financing to support the continued expansion of its connectivity and data centre footprint across Africa. The new funding was arranged through a sustainability-linked debt facility involving the International Finance Corporation (IFC), Proparco and the Emerging Africa…
Despite official US boycott, participants agreed for shared responsibilities in dealing with the challenges of climate change and reforms in the UN with the objective of equitable global governance The first ever G20 summit on the African continent concluded on Sunday, November 23 on a note of shared responsibilities to deal with global inequality and…
Identity is one of the most under-secured and over-exploited layers in cyber security. Identity has been the backbone of enterprise IT for more than 25 years, yet it remains one of the most under-secured and over-exploited layers in cyber security. While networks, endpoints and cloud security have gone through cycles of reinvention, the identity layer…
