Africa’s richest man, Aliko Dangote, says China has become Africa’s dominant business partner because Western countries often fail to provide the financing support needed for large-scale industrial projects, forcing African businesses and governments to lean heavily on Chinese firms. Business mogul and African billionaire Aliko Dangote has said China currently dominates business across Africa because…
African Export-Import Bank (Afreximbank) has once again been recognised in three award categories by the International Financial Law Review (IFLR), a globally recognised authority on financial law and transactions. The 2026 IFLR Africa Awards, held annually, spotlight the most innovative cross-border deals in Africa and the legal teams and institutions driving these transformations transactions. For…
In this episode of ITWeb TV, Kitso Lemo, associate director at Boston Consulting Group, discusses how technology is reshaping payments in South Africa and the role of fintech innovation in driving financial inclusion. #Fintech #FinancialInclusion #DigitalPayments South Africa’s payments landscape is digitising rapidly, but cash remains deeply entrenched in the economy, accounting for over 50%…
Shoprite Holdings’ on-demand delivery powerhouse, Sixty60, continues to redefine South African retail, posting a 34.6% sales increase for the six months ending December 28, 2025. This rapid expansion significantly outpaced the group’s overall growth, signalling a permanent shift in consumer behaviour toward app-based, on-demand grocery shopping. Read: The Switch overtakes the DS as Nintendo best-selling…
Washington, DC — The Africa Bureau at the State Department has a new top official, Nick Checker. Unlike his recent predecessors who were career diplomats, he has been at State for only four months, having served for the previous decade as a military analyst at the Central Intelligence Agency (CIA). He spent part of last…
Africa’s Global Bank, United Bank for Africa (UBA) Plc, has once again, reaffirmed its leadership as one of the continent’s most innovative and resilient financial institutions, as the bank has, for the third time in five years, been named the African Bank of the year 2025 by the Banker.com. UBA also won the Best Bank…
A new survey from research firm Analytico reveals that Samsung is the top choice for TVs and large household appliances among South Africa’s early adopters and IT professionals. This influential group of over 2,600 tech-savvy consumers plays a key role in shaping local market trends. Read: Samsung Galaxy Tab S10 FE Review: Mid-range makes sense…
