Broadcom‘s stock surged nearly 5% on Thursday as CEO Hock Tan touted strong demand for the company’s chips amid the artificial intelligence boom. He told analysts on Wednesday that he anticipates AI chip revenue in 2027 that’s “significantly in excess of $100 billion” as demand mounts for designing custom silicon. That far surpassed many bullish…
Nairobi — A new World Bank Group report finds that cost-effective and smart development investments, particularly in climate-smart agriculture, resilient cities, disaster risk management, and stronger institutions, could cut projected economic losses for Somalia by half and deliver more stable, productive jobs for its people. Launched today by the Government of Somalia and the World…
At the beginning of each year, leaders from across MTN’s markets gather to align on our shared ambition: driving digital solutions for Africa’s progress. This year, our discussions focused on how we can accelerate digital adoption in ways that deliver meaningful economic impact across the continent. The conclusion was clear. Real progress will require deliberate…
BEIJING — China announced its lowest growth target in 35 years Thursday as the world’s second-biggest economy struggles with challenges at home and growing uncertainty around the world. This year, China will aim for gross domestic product growth of 4.5% to 5% “while striving for better in practice,” Premier Li Qiang, China’s No. 2 official,…
Anita Erasmus has been appointed as Bob CEO-designate. (Image: Supplied) Online shopping platform Bob has appointed Anita Erasmus as chief executive officer (CEO)-designate, effective 1 March. In a statement, the digital commerce company says Erasmus will serve in this capacity for a six-month transition period, working closely with co-founder and MD Andy Higgins. This, it…
Xi Jinping, China’s president, center, attends the opening session of the Chinese People’s Political Consultative Conference (CPPCC) at the Great Hall of People in Beijing, China, on Wednesday, March 4, 2026. Qilai Shen | Bloomberg | Getty Images China on Thursday set its GDP growth target for 2026 at 4.5% to 5% — the lowest…
African policymakers, business leaders, and development institutions have renewed calls for visa-free travel across the continent, describing the free movement of people as essential to unlocking Africa’s economic transformation under the African Continental Free Trade Area (AfCFTA). The call was reinforced at a High-Level Symposium on Advancing a Visa-Free Africa for Economic Prosperity, co-convened by…
Rasan Scales new Heights: Record-Breaking FY 2025 Financial Performance (Photo: AETOSWire) Rasan Information Technology Company (Tadawul: 8313), the leading Insurtech and Fintech platform in Saudi Arabia, today announced record financial results for the full year ended 31 December 2025. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260217695698/en/ Financial Highlights: Revenue: SAR 653…
Strong prepaid performance and growth in mobile data users helped Telkom achieve robust Q3 results. Telkom has maintained solid growth, with the group reporting robust revenue and returns across key metrics in its latest results, strengthened by strong demand for mobile services and data. The telecommunications company’s results for the third quarter ended 31 December 2025 highlight…
Telkom Group CEO Serame Taukobong Telkom Group’s mobile business has passed 25 million subscribers for the first time, powered by strong data growth that saw mobile data subscribers surge 29.3% to 19.3 million in the third quarter ended 31 December 2025. The milestone, disclosed in the group’s Q3 trading update on Monday, underlines the continued…
