A new United Nations report has warned that global water inequality remains one of the most pressing development challenges of the decade, with billions still lacking safe drinking water and sanitation – while women and girls continue to bear the heaviest burden of water insecurity. The United Nations World Water Development Report 2026, titled Water…
Meta may be preparing for one of the most significant rounds of layoffs in its history. According to a report from Reuters, the social media giant is considering cutting approximately 20% of its workforce. While the report indicates that neither a specific date nor the final headcount has been officially set, the scale of the…
Bank of Africa Niger reported a 92% drop in net profit for 2025, according to a statement from its board dated 20 February 2026. The bank said the decline reflects pressure across Niger’s banking sector as lending activity slowed and asset quality weakened. Industry data show total credit in the country fell 4.1% in 2025,…
Nedbank Group reported a 2% increase in headline earnings to R17.2 billion for the year ended Dec. 31, 2025, as it completed the sale of its Ecobank stake and settled a dispute with Transnet. Diluted headline earnings per share rose 3% to 3,628 cents. Return on equity eased to 15.4% from 15.8%. The bank declared…
Sonatel, the largest company by market value on the BRVM, reported consolidated revenue of 1,923.1 billion FCFA (about $3.47 billion) in 2025, up 8.3 percent year on year. Net income reached 413.6 billion FCFA (about $746.6 million), an increase of 5.1 percent from 2024. The company’s (BRVM: SNTS) EBITDAaL stood at 921.2 billion FCFA (about…
Minister Siviwe Gwarube hailed the Class of 2025’s NSC pass rate for climbing to 88%, the highest ever for more than 900,000 candidates, with KZN topping the provinces. Yet experts warn of low maths participation, slipping gateway subject performance, and sharp Grade 11-12 dropouts. Minister of Basic Education Siviwe Gwarube has announced that the National…
Warren Buffett and Greg Abel walkthrough the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2025. David A. Grogen | CNBC The investing world’s north star is beginning to dim. Warren Buffett has handed over the CEO reins to Greg Abel after a six-decade run that turned an unremarkable textile company into…
Tlokweng — Can Africa rescue its own biodiversity before the losses become irreversible? This is a question that once hovered at the edges of policy conversations, raised by scientists and conservationists but rarely confronted by political leaders with any real urgency. But at the recent Africa Biodiversity Summit in Tlokweng, Botswana, the question once again…
Coca-Cola HBC has agreed to acquire a 75% stake in Coca-Cola Beverages Africa (CCBA) from The Coca-Cola Company and Gutsche Family Investments for $2.6 billion The transaction, announced on October, ranks among the largest in the history of the Coca-Cola system CCBA operates in 14 African markets including South Africa, Kenya, Ethiopia, Uganda, and Mozambique,…
A wave of real estate development in the cities and urban centres of Africa’s most populous nation, where the government requires $6.25 billion in yearly investment to narrow a housing shortfall, is fuelling demand for building materials, particularly cement. Nigeria’s building boom, propelled by rapid urbanisation and infrastructure development, laid the groundwork for the 245.9…
