Business News

Africa’s Strategic Role in Global Food Security within the India-Africa Economic Corridor (IMEC)

Ethan Asher November 5, 2025

Israel Opinion by Samuel Shay, Entrepreneur and Senior Economic Advisor to the Abraham Accords Treaty The India-Africa Economic Corridor is envisioned as a new axis of prosperity that connects Asia, Africa, and the Middle East through a unified framework of trade, infrastructure, and

Business

Over 90 mining permits revocked in Mali for non-compliance

Aaliyah Aamir October 30, 2025

Mali Mali has revoked more than 90 mining exploration permits including those held by international companies after officials said operators failed to meet new legal requirements. According to a decree signed by Mines Minister Amadou Keita, all rights under the canceled permits are now released and open for reallocation. The permits, issued between 2015 and […]

Business

Sub-Saharan Africa risks rise in debt – IMF warns

Howard Mildilton October 16, 2025

IMF Sub-Saharan African governments are increasingly turning to local banks to fund their budgets, paying higher borrowing costs at home than abroad and putting new pressure on domestic lenders, the International Monetary Fund (IMF) warned on Thursday. In its latest Regional Economic Outlook released during the IMF and World Bank annual meetings in Washington, the […]

Business

30 economists experts want debt relief for Africa

Andrew Mbeki October 13, 2025

World Bank More than 30 leading economists, former finance ministers and a central banker have called for immediate debt relief for low- and middle-income countries, warning that loan repayments are preventing governments from funding basic services. In a letter released on Sunday, in advance of next month’s World Bank and IMF annual meetings, the group […]

Business

Canal+ pursues secondary listing in Johannesburg after MultiChoice deal

Andrew Mbeki October 13, 2025

South Africa French broadcasting group Canal+ (CAN.L), opens new tab said on Monday it was planning a secondary listing on the Johannesburg Stock Exchange (JSE) after it acquired South African broadcaster MultiChoice (MCGJ.J). Canal+ closed the 35 billion rand ($2 billion) MultiChoice acquisition in September, adding MultiChoice’s extensive African subscriber base to

Business

Aspen wins approval to market Lilly’s Mounjaro for weight loss in South Africa

Andrew Mbeki October 13, 2025

South Africa South Africa’s Aspen Pharmacare (APNJ.J), opens new tab said on Monday it had secured regulatory approval to market Eli Lilly’s (LLY.N), opens new tab blockbuster diabetes and obesity drug, Mounjaro, for chronic weight management in the country. The greenlight follows Aspen’s earlier approval and launch of the drug, chemically called

Business

World Richest Man: Elon Musk hits $500 billion

Oakley Mason October 2, 2025

USA Tesla boss Elon Musk has become the first person in history to reach a personal net worth of more than half a trillion dollars.  As stocks in the electric car company rose in New York trading on Wednesday, Musk’s fortune briefly stood at $500.1 billion dollars, before falling back to $499 billion in later […]

Business

Trump says Tik Tok sales ready, values it at $14 billion

Oakley Mason September 26, 2025

USA President Donald Trump signed an executive order on Thursday declaring that his plan to sell Chinese-owned TikTok’s U.S. operations to U.S. and global investors will address the national security requirements in a 2024 law. The new U.S. company will be valued at around $14 billion, Vice President JD Vance said, putting a price tag […]

Business

Nigerians push for reduction in cost of living

Jude Melvin Jones September 24, 2025

Nigeria The Central Bank of Nigeria Monetary Policy on Tuesday cut interest rates by 50 basis points to 27 per cent. The move brings excitement to businesses as Nigerians push for a reduction in the cost of living. Interestingly, the latest Monetary Policy Rate cut is the first since 2020, the Covid-19 period. Announcing the […]

Business Politics

South African minister meets US representative in push for trade deal

Andrew Mbeki September 19, 2025

South Africa South African Trade Minister Parks Tau has met U.S. Trade Representative Jamieson Greer for talks, Tau’s office said on Friday, as Africa’s biggest economy tries to reach a deal to roll back steep U.S. tariffs. U.S. President Donald Trump imposed a 30% tariff on imports from South Africa last month after President Cyril […]