Six African Heads of State are set to attend the upcoming Africa CEO Forum, which will be held in Kigali from May 14 to 15. The confirmed leaders include President Paul Kagame, President Bola Ahmed Tinubu of Nigeria, President Brice Clotaire Oligui Nguema of Gabon, President Mohamed Ould Ghazouani of Mauritania, President Daniel Chapo of…
South Africa’s broadband access market is expected to reach R82.8-billion in revenue by 2029, with 3.7 million new active subscriptions, according to the latest SA Broadband Report from ICT analyst firm BMIT. The headline growth rate – a compound annual growth rate of 8.6% – is driven overwhelmingly by the residential market, where both fibre-to-the-home…
The personal consumption expenditures price index was expected to show a 3% core inflation rate in February, according to the Dow Jones consensus. This is breaking news. Please refresh for updates. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
President Donald Trump said Thursday that neither the spike in oil prices nor the slump in the stock market during the Iran war were as bad he had anticipated. In a Cabinet meeting, Trump expressed confidence in the war effort and said the economic damage will reverse. Addressing Treasury Secretary Scott Bessent, the president said…
The Bank of Japan (BOJ) headquarters is seen beyond the cherry blossoms in Tokyo on March 20, 2023. Kazuhiro Nogi | Afp | Getty Images The Bank of Japan on Thursday kept its rates steady at 0.75% as expected, but noted that inflation risks now are tilted to the upside due to the Iran war….
Cairo — Egyptian forces are expected to soon join the African Union Support and Stabilization Mission in Somalia (AUSSOM), officials said, as technical and legal arrangements are finalised. The Egyptian troops will take part in efforts to secure Somalia, particularly in the ongoing fight against the Al-Shabaab militant group. AUSSOM officials said that once preparations…
Christoph Schweizer, CEO of BCG. Companies globally plan to double their spending on artificial intelligence (AI) in 2026, allocating about 1.7% of revenue – more than twice the increase planned for 2025. Seventy-two percent of CEOs say they are the main AI decision-makers in their organisations. These are key findings from the Boston Consulting Group’s…
Brussels — The European Union is expected to formally announce funding for the African Union Support and Stabilisation Mission in Somalia (AUSSOM) in early 2026, after a two-year pause in direct financial support, according to documents and diplomatic sources linked to the United Nations and the African Union. An EU spokesperson told The EastAfrican that…
The view from the rooftop pool of the Marina Bay Sands resort hotel, which overlooks the financial district skyline of Singapore. Anthony Wallace | Afp | Getty Images Singapore’s core inflation posted its softest rise since February 2021, coming in at 0.3% for August as services costs eased. The figure — which strips out prices…
The world’s water resources face growing pressure from climate change while emergencies involving the life-giving resource are increasingly impacting lives and livelihoods, the UN World Meteorological Organization (WMO) said on Thursday. “Water-related hazards continue to cause major devastation this year,” said Celeste Saulo, WMO Secretary-General. “The latest examples are the devastating monsoon flooding in Pakistan,…
