Addis Ababa — The African Union (AU) and the United States have reaffirmed their commitment to strengthening cooperation to promote peace, security and economic growth across Africa. US Deputy Secretary of State Christopher Landau held talks in Addis Ababa with African Union Commission Chairperson Mahmoud Ali Youssouf, focusing on shared priorities and areas of collaboration…
The suspects were arrested on Tuesday in Johannesburg. (Image source: SAPS) A group of suspected international online scammers was apprehended yesterday by a multi-agency global law-enforcement task team led by the Directorate for Priority Crime Investigation (the Hawks) in Bryanston, Johannesburg. The arrests come amid warnings from local cyber security experts of a rise in…
Addis Ababa — The following joint statement was released by the Government of the United States of America and the African Union Commission on the occasion of today’s agreement to establish a Strategic Investment Working Group. Begin text: Deputy Secretary of State Christopher Landau and AUC Chairperson Mahmoud Ali Youssouf met today at the African Union Commission in…
African companies disclosed US$3.8 billion in funding in 2025, with deal volume up 32% and the number of announced transactions rising 8% from a year earlier, according to Briter’s Africa Investment Report 2025. The data points to a market that has stabilized after the 2022-2023 correction, but with capital increasingly concentrated by stage, sector, and…
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…
SolarAfrica secures R1.5 billion to deliver power to SA businesses. Independent power producer SolarAfrica has secured R1.5 billion in funding to build SunCentral 2, the next 114MW plant of its utility-scale solar development in the Northern Cape. SunCentral is a large-scale solar photovoltaic plant located between Hanover and De Aar in the Northern Cape. The…
SpeakUp team on the final episode of The Final Pitch Dubai on OSN & OSN+ (Photo: AETOSWire) SpeakUp, the AI-powered matching app launched in April 2025 in Dubai, delivered one of the defining moments of the season on OSN’s The Final Pitch Dubai, the regional adaptation of Shark Tank. In the final episode aired on…
The Africa-UAE Economic Forum in Dubai on Thursday 18th and Saturday 20th December 2025, convened at a critical moment in Africa’s economic trajectory. With capital seeking stability, predictability, and credible legal protection, the forum offered an opportunity to confront one of the most persistent barriers to investment in Africa i.e. the perception that the continent…
OpenAI was founded in December 2015 as a non-profit AI research lab. Japanese multinational investment company SoftBank has completed an additional investment of $22.5 billion in OpenAI at the second closing of the company’s investment of up to $40 billion committed on 31 March, 2025. As a result, SoftBank says it has fully satisfied its…
Sam Altman, chief executive officer of OpenAI Inc., during a media tour of the Stargate AI data center in Abilene, Texas, US, on Tuesday, Sept. 23, 2025. Kyle Grillot | Bloomberg | Getty Images OpenAI is in discussions with Amazon about a potential investment and an agreement to use its artificial intelligence chips, CNBC confirmed…
