Kampala — The Africa Supply Chain Confederation says the continent is bracing for rising fuel and food prices following the escalating disruptions in the Strait of Hormuz. This critical global oil transit route has been partially blocked due to the war in Iran. Ronald Mlalazi, the Confederation’s President, says the war involving Iran has moved…
City workers in the La Defense business district of Paris, France, on Thursday, Oct. 9, 2025. Nathan Laine | Bloomberg | Getty Images Europe-listed shares traded sharply lower on Thursday, as fears of escalation in the U.S.-Iran war gripped global markets once again. The pan-European Stoxx 600 was 1.1% lower shortly after 9:30 a.m. in…
A widening boycott by African petroleum ministers is casting a shadow over the 2026 Africa Energies Summit in London, raising fresh doubts about the event’s standing and intensifying criticism over representation, local content and fairness within Africa’s oil and gas industry. The decision by more ministers to stay away marks a sharp turn in the…
Adobe’s head office in San Jose, California The Competition and Markets Authority (CMA) — the UK equivalent of South Africa’s Competition Commission — has launched a formal investigation into Adobe over concerns that early cancellation fees on its subscription plans may breach consumer protection law. The investigation will examine whether terms attached to Adobe’s “annual…
Despite spending billions on health every year, many African health systems remain underfunded and heavily dependent on external assistance. Then, African leaders adopted the Abuja Declaration, which pledged to allocate at least 15% of their national budgets to health care. Yet, as fiscal spaces tighten and debt burdens grow, a new consensus is emerging: the problem isn’t…
The 2026 African Union Summit is being held this weekend in Addis Ababa, with Angola handing the rotating chair to Burundi. The bloc is facing challenges including mounting conflicts, insecurity in the Sahel, strained ties with Washington and internal strife, while this year’s summit theme of water highlights the damage done by devastating floods across…
Wall Street’s sentiment toward Microsoft is shifting as analysts express growing concern over the disruptive potential of artificial intelligence. In less than a week, the tech giant has been downgraded twice, with Melius Research moving the stock from Hold from Buy on Monday. Read: Pony AI and Toyota launch mass production of driverless bZ4X robotaxis…
Cell C has reported a R3.4-billion profit in its maiden results as a JSE-listed company, but the eye-catching number owes almost everything to a once-off balance sheet restructuring rather than underlying trading performance. The mobile operator, which listed on 27 November 2025 after a comprehensive debt-for-equity conversion, reported revenue of R5.7-billion for the six months…
Deputy communications minister Mondli Gungubele Deputy communications minister Mondli Gungubele has publicly distanced himself from minister Solly Malatsi’s decision to strip the South African Post Office of its exclusive right to deliver parcels weighing less than 1kg – a move that business rescue practitioners warn has undermined the entity’s turnaround strategy. Speaking during a portfolio…
Bitcoin made a 16-month low and tested key US$60 000 support on Friday as a global selloff in technology stocks deepened and washed out risky bets across asset classes. The world’s largest cryptocurrency was last up 1.64% at $64 153.24 in volatile trade, swinging between gains and losses after having hit a low of $60 008.52 earlier in…
