Climate change is reshaping what childhood looks like. We’re seeing it across Eastern and Southern Africa, with children paying the highest price for a climate crisis they did not create. In Kenya, floods are pushing girls out of school. In Somalia, repeated shocks have displaced millions of children. In Mozambique, cyclones have destroyed thousands of…
Cassava Technologies and Liquid Intelligent Technologies CEO Hardy Pemhiwa Liquid Intelligent Technologies has completed a US$660-million (R10.8-billion) refinancing that neutralises the near-term default risk that was hanging over the pan-African fibre operator – but at a sharply higher cost of capital than it was paying before. The centrepiece of the deal is a US$300-million senior…
The BYD Dolphin Surf Chinese electric vehicle maker BYD is deliberately avoiding a price war in South Africa as competition ramps up in the continent’s second biggest car market, its local MD said on Wednesday. South Africa has seen a growing influx of new electric, plug-in hybrid, range extender and traditional hybrid car brands, many…
The entrance to the SpaceX rocket launch area in Brownsville, Texas. Veronica Gabriela Cardenas/Reuters Wall Street is reaching for some unusual yardsticks to price Elon Musk’s SpaceX. At least one of SpaceX’s large institutional investors is privately benchmarking the rocket and satellite company not against aerospace rivals like Boeing or telecommunications giants like AT&T, but…
Kampala — The Africa Supply Chain Confederation says the continent is bracing for rising fuel and food prices following the escalating disruptions in the Strait of Hormuz. This critical global oil transit route has been partially blocked due to the war in Iran. Ronald Mlalazi, the Confederation’s President, says the war involving Iran has moved…
13m ago Water desalination plant on Iran’s Qeshm island in Strait of Hormuz reportedly offline after strike Iranian media said Tuesday that an Israeli or U.S. airstrike had taken a water desalination plant on the Persian Gulf island of Qeshm offline. According to the Iranian government affiliated Borna News, the head of the Ministry…
An oil tanker unloads crude oil at a terminal at the port in Qingdao, in China’s eastern Shandong province on March 11, 2026. – | Afp | Getty Images Chinese industrial firms saw their profits surge in the first two months of this year as officials pressed ahead with efforts to contain the fallout from…
The attacks by the US and Israel on Iran, which started on 28 February 2026, upended key supply chains, driving oil prices above US$100 a barrel. The spike followed Iran’s closure of the Strait of Hormuz in response to the US and Israeli action. About 20% of the world’s oil supplies are transported through the…
There is anxiety that Nigerians may continue to pay more for Premium Motor Spirit, PMS, also known as petrol alongside Automotive Gas Oil, called diesel as the price of crude oil rose to above $100 per barrel, yesterday. Many Nigerians had looked forward to lower fuel energy cost, following a drop on Wednesday to $92,…
MultiChoice Group parent, London-listed Canal+, has highlighted the cost of entering the DStv ecosystem as a big factor slowing subscriber growth of its main satellite offering. In an investor presentation following the release of Groupe Canal+’s results for the year ended 31 December 2025 on Wednesday, Canal+ Africa CEO David Mignot said the cost of…
