An OpenAI employee who left the ChatGPT maker for Apple sent more than 100 files about an unreleased product to a personal account and later presented the product to senior Apple leadership, a new filing in the lawsuit between OpenAI and Apple alleges. In the filing in US federal court in San Jose, California, OpenAI…
The world’s two biggest cocoa producers faced the same price collapse this year and made opposite choices. The reason is not economics alone. It is who holds power in each cocoa sector — a lesson aid and trade partners keep missing. Within three weeks of each other this September, the world’s two largest cocoa producers…
Chairman of Heirs Holdings, Tony Elumelu, has called for a fundamental shift in Africa’s development model, urging the continent to move away from dependence on foreign aid toward trade, investment, entrepreneurship and private sector-led growth. Elumelu made the call during a fireside chat held on the sidelines of the 2026 United Nations General Assembly (UNGA)…
African businesses are increasingly looking to expand across the continent, but high financing costs, limited access to trade finance and gaps in the implementation of the African Continental Free Trade Area (AfCFTA) are threatening to constrain regional commerce. This is contained in preliminary findings of the 2026 PAFTRAC Africa CEO Trade Survey presented at the…
India’s Finance Minister Nirmala Sitharaman said trade talks with the U.S. had reached a plateau, adding to growing skepticism around a deal between New Delhi and Washington. “Negotiations are still ongoing, although we’d like to believe that both sides have reached a plateau beyond which giving or taking might be very very difficult,” Sitharaman said,…
Raj Kamal, founder and CEO of TransFi By Bonface Orucho (Bird Story Agency) Africa is building faster ways to move money across borders. However, faster payment rails are exposing the question whether banks and payment providers have enough of the right currencies, at the right price, to settle those payments. In February, the Pan-African Payment…
The African Union (AU) Commission has issued an urgent call for de-escalation in the Red Sea region, expressing grave concern over attacks targeting regional economic infrastructure and ongoing threats to international commercial shipping through the Bab el-Mandeb Strait. In a statement released on September 17, the AU Commission condemned attacks launched by Houthi forces against…
The 45-page New Delhi declaration was adopted on Saturday, the first day of the BRICS leaders’ annual summit. The BRICS group of nations adopted a new declaration calling for conflict prevention, stronger multilateral ties, and condemning terrorism as well as unilateral trade measures. The declaration also expressed concerns over the 7-month-long war in the Middle…
The Federal Government has reduced the processing time for African Continental Free Trade Area (AfCFTA) Certificates of Origin to 24 hours, down from over five days, in a bid to boost intra-African trade and ease business for Nigerian exporters. The Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, disclosed this on Thursday in Abuja…
Alastair Long has been deployed to Africa as His Majesty’s Trade Commissioner (HMTC) for Africa, where he has now formally begun leading the UK’s trade and investment relationship with the continent. A statement by the UK High Commission in Nigeria on Monday said Alastair will work with governments, investors, businesses and institutions to deepen economic…
