President Museveni has renewed his call for East African countries to pursue political integration, arguing that deeper unity is necessary for member states to share jobs and economic benefits created by major investments across the region. Museveni made the remarks on Wednesday during the groundbreaking ceremony for the multi-billion-dollar Dangote East Africa Petroleum Refinery and…
Anthropic said Claude “leads” 26% of the AI research and development work inside the company, part of new measures that it will publish regularly to show outsiders how quickly AI is building the next generation of the technology. AI also collaborated with humans on more than 90% of the research work happening at the company…
Dangote Petroleum Refinery opened its initial public offering on September 14, starting a share sale that could raise ₦2.15 trillion, or about $1.6 billion, in Africa’s largest IPO. The company is offering 4.1 billion shares at ₦525 each. The offer closes October 13, with trading on the Nigerian Exchange expected to begin in November. The…
Tough negotiations for a UN tax agreement have not yet resolved fundamental differences. African countries and other global south members are negotiating at the United Nations (UN) in New York to establish a UN Framework Convention on International Tax Cooperation for a fairer international tax system. This is to ensure multinational corporations pay appropriate tax…
Warren Wheatley The Financial Sector Conduct Authority (FSCA) has disclosed the conduct behind the debarment of Africa Bitcoin Corporation founder Warren Wheatley and two others: coordinated trading that the regulator found artificially inflated the share price of the company four years ago, when it was still called Altvest Capital. In a statement on Thursday, the…
Night view of Alibaba’s headquarters building located by the Huangpu River in Shanghai, China on Nov. 16, 2025. CFOTO | Future Publishing | Getty Images Alibaba shares plunged as much as 10% in Hong Kong on Monday after the Chinese tech giant priced an 80 billion Hong Kong dollar ($10.20 billion) placement of newly issued…
At Telkom’s AGM, shareholders representing about 84.4% of the company’s ordinary shares voted on most resolutions. Telkom shareholders have backed the re-election of the telecommunications group’s directors and the appointment of its board committee members. However, they showed resistance to proposals that would give the board broad powers to issue shares. At Telkom’s annual general…
Abuja — The African Development Bank (AfDB) has urged African countries to halt the export of raw critical minerals and instead focus on local processing, beneficiation and regional value chains to unlock greater economic value from the continent’s vast mineral resources. The call was made at the Ministerial Forum on Critical Minerals, Value Chains, and…
Demand for SK Hynix’s offering was reportedly over seven times more than the number of shares available, highlighting the strong investor appetite for a key company in the AI supply chain. Each American depositary share is equivalent to a tenth of a Seoul-traded common share, SK Hynix said. The offering gives US investors a way…
On Tuesday 23 June 2026, the Portfolio Committee on Communications and Digital Technologies published an invitation to stakeholders and interested parties to make written submissions on the Electronic Communications Amendment Bill, 2026 (Amendment Bill). Submissions must be emailed to Thembinkosi Ngoma ([email protected]) by 4pm on Friday 21 August 2026. The Amendment Bill seeks to amend…
