The level of R&D expenditure compared to the level of gross domestic product went down to 0.60% in 2024/25 from the 0.62% recorded in 2023/24. (Image source: iStock) While South Africa’s overall expenditure on research and development (R&D)continues to stagnate, the ICT sector recorded the largest increase in R&D expenditure in 2024/25. This is according…
Bottles of Spanish olive oil are displayed for sale at a Carrefour supermarket in Spain. Sopa Images | Lightrocket | Getty Images Shares of Deoleo, the world’s largest olive oil company, plummeted Thursday after two rivals announced plans to acquire the company, a deal that would further consolidate Spain’s dominance in the sector. Spanish olive…
South Africa is on the brink of a historic political breakthrough. The latest national polling places the Democratic Alliance at 28.4%, just 1.2 percentage points behind the ANC on 29.6%. The gap between the two parties has narrowed to the point where the DA is now within striking distance of becoming South Africa’s largest political…
Addis Abeba — Kenya has overtaken Ethiopia as Eastern Africa’s largest economy measured by nominal gross domestic product (GDP) in US dollar terms, according to the International Monetary Fund’s (IMF) October 2026 World Economic Outlook (WEO), a shift largely attributed to exchange-rate movements rather than faster real economic growth. The IMF’s estimates show Ethiopia’s economy…
The FDA says contaminated lettuce has been removed from the market after nearly 13,000 linked cases. Published On 11 Sep 202611 Sep 2026 United States health authorities have officially declared the nation’s largest recorded outbreak of cyclosporiasis over, after contaminated iceberg lettuce sickened nearly 13,000 people across 21 states. The Centers for Disease Control and…
United Airlines is expanding to 10 new international destinations, including Okinawa, Japan, and Ibiza, Spain. Scott Kirby, the airline’s CEO, joins “CBS Mornings” with more.
The Global Environment Facility (GEF) says Africa remains the largest regional beneficiary of its funding, receiving about 30 per cent of available resources. The Global Environment Facility (GEF), a family of funds supporting environmental action globally, says African countries are the largest beneficiaries of its funding for sustainable environmental projects. Ulrich Apel, GEF Senior Environmental…
Jessica Erobomhan Chairman of the House Committee on Insurance and Actuarial Matters, Ahamadu Usman Jaha, has said Nigeria’s fintech ecosystem has become one of the largest in Africa, noting that the country’s growing payment ecosystem continues to attract significant investment. Jaha spoke recently in Lagos at the 2026 Stakeholders’ Retreat of the House Committee on…
At least 132 people are dead and a state of emergency has been declared after Colombia was hit by one of its largest earthquakes in years. The death toll is likely to rise, with more feared trapped under collapsed buildings. The magnitude 7.4 quake struck at 07:34 (12:34 GMT) at a depth of 103km (64…
By Ayodeji Adegboyega | Business Insider Africa ZIMBABWE approved US$1.59 billion worth of new investment projects in the second quarter of 2026, with mining and manufacturing absorbing nearly 80% of the proposed capital as the southern African country intensifies its push to build an industrial economy around its vast mineral resources. The Zimbabwe Investment and…
