The African Development Bank (AfDB) has approved a $25 million equity investment in The Currency Exchange Fund (TCX) to strengthen access to long-term local currency hedging solutions across emerging and frontier markets, particularly in Africa. The Bank said the new capital injection would increase TCX’s ability to absorb risk and extend its reach into illiquid…
South African companies who were part of the 30-member business delegation at the recently concluded Intra-Africa Trade Fair (IATF) in Algeria say they are eager to do business in Algeria and across the continent. This as the local companies generated several promising trade leads over the course of the trade fair. The IATF 2025 was…
China’s car makers like BYD are fast gaining traction in the South African market South Africa is in talks with Chinese car makers to encourage them to invest in local production, with one manufacturer showing strong interest in building cars locally, a senior government official said. Africa’s most developed car manufacturing hub is at an…
South Africa is in discussions with several Chinese automakers to encourage them to invest in local production, according to Zuko Godlimpi, the deputy minister of trade, industry, and competition. Godlimpi told members of parliament that one company has already shown significant interest in establishing a manufacturing plant in either East London or Gqeberha. Read: The…
Limu Lab’s interactive app aims to help children learn South Africa’s indigenous languages. South African start-up Limu Lab has launched a language-learning app to make isiZulu and other indigenous languages accessible to children through games, animations and storytelling. Limu Lab has partnered with schools and major platforms to bridge the gap in local digital education….
LONDON — As British detectives studied the grainy CCTV video of the burning warehouse, there was at first little reason to think they were looking at a covert Russian intelligence operation. The March 2024 video from the Cromwell Industrial Estate in east London showed two masked men pouring gasoline outside the warehouse door, setting it…
A longtime ally, adviser and fundraiser for New York Mayor Eric Adams was suspended from his re-election effort after she was accused of attempting to hand a local journalist a cash-stuffed potato chip bag. Winnie Greco was outed by a local news organization, The City, for trying to give cash surreptitiously tucked inside a Herr’s…
Immigration and Customs Enforcement is newly flush with billions from the “One Big Beautiful Bill” spending legislation and under pressure to rapidly hire 10,000 new agents. But one tactic it recently tried to do that hiring — aggressively recruiting new agents from some of its most trusted local law enforcement partners — may have alienated…
ZADNA CEO Molehe Wesi. (Photograph by Lesley Moyo) The ZA Domain Name Authority (ZADNA) will implement its previously announced Consumer Price Index (CPI)-linked registry fee adjustment, effective 1 October, it said yesterday. The move, it says, follows the public consultation process conducted in 2024, and is aligned with its multi-year pricing projection strategy. “Starting 1…
South African musicians and creatives must retain ownership of their work, says SAMRO. The proliferation artificial intelligence (AI) technologies is threatening the originality and authorship of South African musicians. This is according to the Southern African Music Rights Organisation (SAMRO), a copyright asset management society, in an e-mail interview with ITWeb. SAMRO was established by…
