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15

10.3 Million tons of food wasted in South Africa as chefs push for sustainability

 Here at FYN attention to detail is everything, not just the food on the plate, but every aspect of the business. The restaurant in Cape Town's city centre is the first on the African continent to be given the Sustainable Restaurant Association's highest accolade - 3 stars for its Food Made Good Standard rating.FYN places importance on serving...

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13

EFF Condemns Trump’s “Disingenuous” South Africa Claims Amid G20 Summit Row

 The Economic Freedom Fighters (EFF) have sharply criticized US President Donald Trump for citing disputed claims about South Africa's domestic policies as justification for his potential absence from the upcoming G20 summit. Trump took to his Truth Social platform on Saturday, voicing reluctance to attend the international gathering. He refer...

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10

Championing Female Entrepreneurship: Entries for the 2025 Veuve Clicquot Bold Woman Award Open in South Africa

 A new era of bold leadership is here. The Veuve Clicquot Bold Woman Award returns for its fourth year in South Africa, shining a light once again on the visionaries, trailblazers, and risk-takers who are redefining industries. For over five decades, the Bold Woman Award has championed exceptional women in business, celebrating leaders who don...

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10

Vaal River Flooding Crisis: Business Owners Demand Action as Evacuations Threaten Livelihoods

 As water levels surge past dangerous thresholds, business owners along the Vaal River are speaking out, demanding action from the government to protect their livelihoods. On Sunday, the Department of Water and Sanitation opened a fifth sluice gate at the Vaal Dam, raising fears of widespread destruction. The move comes after the dam reached a...

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08

ANC Initiates ‘Reset’ of Government of National Unity Amid DA Tensions

 The African National Congress (ANC) has announced intentions to recalibrate the Government of National Unity (GNU) by engaging with additional political parties, following the Democratic Alliance's (DA) opposition to the 2025 National Budget. Despite this move, the DA and Freedom Front Plus (FF+) will remain within the GNU for the time being....

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  138 просмотров
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06

Lesotho Faces Economic Blow as Trump Slaps 50% Tariff on Imports

 Lesotho is reeling from economic fallout due to President Donald Trump's newly imposed tariffs, with the nation facing a staggering 50% tariff on all its exports to the US. This positions Lesotho as the second most affected globally, trailing only China. The decision is set to heavily impact Lesotho's burgeoning textile sector, notably its ex...

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  160 просмотров
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06

Africa’s Top Fintech Open to Acquisition Amid Push for Profitability

 Flutterwave, Africa's leading fintech startup, aims to achieve profitability in 2025, marking a significant milestone in its growth journey. CEO Olugbenga Agboola revealed the company's plans during a recent interview, announcing that Flutterwave is also open to acquisition opportunities, provided they align with its focus on long-term sustai...

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  178 просмотров
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06

Guinea Sets September Date for Referendum to Restore Democracy

 Guinea's military junta, led by Colonel Mamadi Doumbouya, has officially announced September 21, 2025, as the date for a long-awaited constitutional referendum aimed at restoring democratic governance in the country. This referendum signifies a key milestone in the nation's turbulent transition from military rule back to civilian-led governan...

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01

Dangote Leads Africa’s Richest With $23.9 Billion Fortune

 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...

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30

China and Republic of Congo strengthen ties at FOCAC meeting

 Chinese Foreign Minister Wang Yi met with Foreign Minister of the Republic of Congo Jean-Claude Gakosso on Friday in Beijing, pledging to jointly promote the high-quality development of China-Africa cooperation. Wang, also a member of the Political Bureau of the Communist Party of China Central Committee, said the bilateral relationship betwe...

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28

Nigeria Unveils Ambitious $650M Mortgage Fund to Propel Housing Market

 In a visionary effort to transform the housing sector and stimulate economic growth, Nigeria has announced the creation of a $650 million low-interest mortgage fund. This strategic move aims to significantly boost home ownership and ignite a construction boom across the nation, which holds the title of the world's most populous black country....

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26

Dangote Refinery Exports Spur Significant Increase in US Jet Fuel Imports

 US jet fuel imports are soaring this March, hitting their highest level in two years. This development, which analysts suggest could drive down the price of aviation fuel in the US, is partially attributable to Nigeria's Dangote refinery. In March alone, six vessels delivered 1.7 million barrels of jet fuel from the Lagos-based refinery to US...

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26

Ghana and Morocco Announce Plans to Eliminate Visa Requirements

Accra and Rabat are moving to scrap visa requirements for travelers between Ghana and Morocco to boost diplomatic and economic ties. According to Ghana's Foreign Affairs Minister, Samuel Okudzeto Ablakwa, the agreement will soon be presented to the parliaments of both countries for ratification.  Ablakwa, who met with Morocco's ambassador to G...

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23

Namibia’s First Female President Pledges Economic Diversification and Job Creation

 On March 21, 2025, Netumbo Nandi-Ndaitwah made history by becoming Namibia's first female president. In her inaugural speech, she outlined a vision for the country's future that focuses on diversifying the economy beyond its traditional dependence on natural resources. A cornerstone of her strategy is to enhance investments in the agricultura...

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23

Nigeria Leads Global Shift from Cash to Digital Payments

 Nigeria is experiencing a remarkable transition from cash to digital payment methods, marking a significant trend in the global financial landscape. Recent data from global payment processing company Worldpay indicates that cash usage in Nigeria plummeted by 59% between 2014 and 2024, showcasing the most substantial decline worldwide. The sur...

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19

Trump’s Travel Ban: 22 African Nations Face US Restrictions

 The Trump administration is implementing new travel restrictions affecting 43 countries, which include 22 African nations. According to a draft report from the New York Times, these countries are categorized into red, orange, and yellow lists depending on the severity of the restrictions. On the red list, we find Libya, Somalia, and Sudan. Th...

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19

Seychelles Tops Africa’s 2025 GDP per Capita Ranking

 In 2025, Seychelles has emerged as the leader in Africa for GDP per capita, boasting an impressive $22,000, according to the International Monetary Fund (IMF). This achievement is largely driven by the country's robust tourism and financial sectors, which have allowed it to thrive economically. Following Seychelles is Mauritius, with a GDP pe...

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19

Stable Naira and Lower Fuel Prices Ease Nigeria’s Inflation

 In a positive turn for Nigeria's economy, the nation's inflation rate has shown its first signs of slowing in 2025, decreasing to 23.18% in February from 24.48% in January, as reported by the National Bureau of Statistics. This decline is attributed to several factors, including a rebase of the Consumer Price Index (CPI), reduced fuel costs, ...

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19

Former Banker Thiam Emerges as Key Challenger Ahead of Ivory Coast Polls

 As Ivory Coast edges closer to its crucial presidential elections in October, former Credit Suisse CEO Tidjane Thiam is intensifying his campaign, positioning himself as a major contender. However, his journey towards the presidency is fraught with challenges, chiefly concerns surrounding his eligibility due to his French citizenship. With ju...

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16

Chinese Firms Hold Stakes in Over 25% of African Ports

 Chinese Influence in African Ports Chinese state-owned enterprises have significantly boosted their influence across Africa, securing stakes in approximately 78 of the 231 commercial ports on the continent. This involvement accounts for over a quarter of Africa's ports, showcasing China's strategic expansion through construction, financing, a...

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