XRG, the global investment arm of the Abu Dhabi National Oil Company, has secured a 10% stake in Mozambique’s liquefied natural gas (LNG) project in the Rovuma Basin, marking a strategic expansion of its global energy portfolio. The Area 4 concession, operated by ExxonMobil and Eni, adds to XRG’s growing LNG holdings in Azerbaijan, Egypt, […] More
Sophie Chandauka, chair of Sentebale, the African charity co-founded by Prince Harry, has accused the Duke of orchestrating a bullying campaign to oust her. In an interview, she claimed Harry’s Netflix commitments disrupted a fundraising effort for the charity and that the behavior of Harry’s wife, Meghan, at the same event created tension between herself […] More
ArcelorMittal South Africa has postponed the planned closure of its long steel operations to August 31, following a $91.5 million lifeline from the state-owned Industrial Development Corporation. The struggling steelmaker had earlier announced it would shut down the division by April after failing to secure government concessions on electricity costs, freight rail tariffs, and import […] More
Tony Elumelu, a Nigerian billionaire and philanthropist, has been appointed to the IMF’s newly established Advisory Council on Entrepreneurship and Growth. Joining global figures like Marc Benioff, Salesforce CEO, and Reema Al-Saud, Saudi Arabia’s ambassador to the US, Elumelu will help shape policies that promote innovation, entrepreneurship, and sustainable private sector-led growth. The council, created […] More
In a groundbreaking trial, MTN South Africa and US-based Lynk Global successfully conducted Africa’s first satellite-to-smartphone voice call on 27 March in Vryburg, using a standard mobile device linked to a low-Earth orbit (LEO) satellite. This historic connection, approved by South Africa’s communications regulator, signals a potential breakthrough in bridging the rural digital divide—especially for […] More
Africa’s path to prosperity lies not in ideology, bluster, or revolutionary slogans, but in the hard, often overlooked grind of raising productivity. As Nobel laureate Paul Krugman noted, productivity is key to improving living standards. Côte d’Ivoire’s focused reforms boosted industrial output and halved poverty in less than a decade. In contrast, Cameroon, where productivity […] More
Guinea’s junta has pardoned ex-dictator Moussa “Dadis” Camara, who was serving a 20-year sentence for the 2009 stadium massacre that killed at least 157 protesters and saw dozens of women raped. The victims were demonstrating against Camara’s presidential ambitions following his 2008 coup. Though the military blamed “uncontrolled” troops, witnesses said Camara’s presidential guards encircled […] More
Uganda has signed a landmark deal with UAE-based Alpha MBM Investments, granting the firm a 60% stake in a planned 60,000-barrel-per-day oil refinery in Kabaale, Hoima District. The Uganda National Oil Company, a state entity, will own the remaining 40%. The agreement is a major step in advancing Uganda’s $4 billion refinery project, a cornerstone […] More
Aliko Dangote has retained his title as Africa’s richest individual for the 14th consecutive year, with his net worth soaring by 72% to $23.9 billion. This is largely due to the operational launch of his massive Lagos-based refinery. According to Forbes’ 2025 African Billionaire Ranking, Africa now boasts 22 billionaires worth a combined $105 billion, […] More
One of Cape Town’s most beloved fundraising events will once again take place on Table Mountain in May. The Cableway Charity Challenge 2025 is scheduled for Saturday 10 May 2025, and hosts and organisers, Table Mountain Aerial Cableway (TMACC), calls you to be a part of the action by cheering on participants, pledging your support […] More
The African National Congress (ANC) has endorsed ActionSA’s proposal to scrap the planned 0.5% VAT increase, aiming to provide relief for taxpayers already facing economic strain. ActionSA introduced an amendment to remove both the VAT and income tax increases proposed for the 2025/2026 fiscal year during Tuesday’s parliamentary joint committee on finance debate. ActionSA representative […] More
The Ministry of Electricity and Energy has announced plans to expropriate privately-owned land, with compensation, as part of a major initiative to expand and upgrade Eskom’s infrastructure in the coming years. Electricity Minister Kgosientsho Ramokgopa outlined a comprehensive 10-year plan to enhance South Africa’s energy network during a media briefing on Tuesday. The ambitious project […] More
The South African Revenue Service( SARS) says it collected more than R1.85 trillion in taxes in the 2024/25 financial year, outperforming its previous estimates. SARS announced its preliminary revenue outcome on Tuesday. The better than expected collection comes despite a challenging operating environment. The country’s chronically weak economy, a lower-than-expected wage increase, a decline in […] More
The Department of Mineral Resources and Energy has announced substantial reductions in fuel prices effective from midnight tonight. Petrol 93 (ULP & LRP) will drop by 58 cents per litre, while petrol 95 (ULP & LRP) will decrease by 72 cents per litre. Diesel users will also benefit, with diesel (0.05% sulphur) dropping by 83.80 […] More
As Ramadan nears its end, Moroccans eagerly prepare for Eid, where traditional attire plays a crucial role in the festivities. Garments like kaftans and djellabas, often crafted from luxurious fabrics and intricate embroidery, are custom-made for the occasion. Fashion designers, like Sahar El Maazouzi, release exclusive Eid collections that feature opulent designs. The demand for […] More
The Soutpansberg Mountains in South Africa, once referred to as “The Forgotten Mountains,” are emerging as a prime destination for sustainable safaris. At Few & Far Luvhondo, an eco-lodge opened in 2025, visitors can enjoy a luxury experience powered by renewable energy, featuring unique wildlife adventures like leopard tracking and bush hikes. The lodge is […] More
