Africa’s domestic capital base has reached a scale that now exceeds external financing flows over the past decade, marking a turning point in how the continent funds its growth and industrialisation, according to the Africa Finance Corporation’s (AFC) State of Africa’s Infrastructure Report 2026. The report finds that cumulative external flows to Africa totalled approximately…
Nvidia has signalled a massive escalation in its market expectations, projecting that the revenue opportunity for its AI hardware could reach at least $1 trillion through 2027. This ambitious forecast, delivered by CEO Jensen Huang at the annual GTC developer conference in San Jose, highlights a strategic shift toward “inference computing”, the process of running…
Big Tech stocks were a mixed bag on Monday, after a bruising week that saw more than $1 trillion wiped from their market caps. Oracle climbed 9% and Microsoft gained 3%% higher. Nvidia and Meta each added more than 2%. Alphabet inched higher. Amazon shares sank slightly. Oracle got a boost from D.A. Davidson‘s upgrade…
Abuja — The world’s 500 richest people added a record $2.2 trillion to their collective fortunes this year, as booming markets in everything from equities to cryptocurrencies to precious metals sent the value of their holdings soaring, according to the Bloomberg Billionaires Index. The gains, which brought their combined net worth to $11.9 trillion, were…
Saudi Crown Prince Mohammed bin Salman told President Trump Tuesday that the Kingdom of Saudi Arabia will increase its investments of $600 billion in the U.S. to near $1 trillion. The new figure was raised by the president during bin Salman’s White House visit. “I want to thank you because you’ve agreed to invest $600…
A supermassive black hole violently gobbled up an enormous star, producing a cosmic outburst with the light of 10 trillion suns, according to a new study. The black hole flare, as the phenomenon is known, is thought to be the biggest and most distant ever recorded — it was detected from 10 billion light-years away. “This…
Holding the line on the existing rules-based international trading system remains an essential challenge if the world is the keep a damaging tariff war at bay, a top UN trade official said on Monday. Addressing the UN Trade and Development (UNCTAD)’s 195 Member States in Geneva, Rebeca Grynspan said that 72 per cent of global…
From 1970 until 2000, the costs of disaster averaged $70-$80 billion. Those mainly preventable costs doubled this century to average $180-$200 billion annually, according to a recent report published by the UN Office for Disaster Risk Reduction (UNDRR). Most of the exorbitant costs of disaster are preventable with proper funding and planning –one of the…
Google CEO Sundar Pichai gestures to the crowd during Google’s annual I/O developers conference in Mountain View, California on May 20, 2025. Camille Cohen | Afp | Getty Images Alphabet has joined the $3 trillion club. Shares of the search giant jumped more than 4% on Monday, pushing the company into territory occupied only by…
Africa’s deepening housing crisis, estimated at more than 52 million units, is emerging as one of the continent’s most urgent barriers to achieving the African Union’s Agenda 2063 development blueprint, financial and development leaders warned Monday at the Intra-African Trade Fair (IATF2025) in Algiers. The continent’s housing shortfall, experts say, now carries an estimated price…
