Category: World

A flurry of strategic manoeuvres has placed Warner Bros. Discovery at the heart of one of the media industry’s most consequential displacement moves, as multiple major technology and entertainment companies evaluate possible acquisition bids. The company said it has opened a formal review of strategic alternatives after receiving unsolicited interest for its full or partial business, setting the stage for what may become a landmark consolidation.Executives at Warner Bros. Discovery have initiated nondisclosure agreements and begun distributing financial data

LAGOS – Fintech company Moniepoint Inc. announced yesterday that it has raised more than US $200 million in a Series C equity financing round aimed at accelerating its expansion across Africa and into diaspora markets. The round was led by British private equity firm Development Partners International through its African Development Partners III fund, with participation from impact-investor LeapFrog Investments, Google Africa Investment Fund, global payments giant Visa Inc., the International Finance Corporation and other international

Cape Town — South Africa’s agricultural exports to the United States rose sharply in the second quarter of 2025, hitting US$161 million and marking a 26 per cent year-on-year increase despite the imposition of heavy tariffs by the U. S. administration. The growth is attributed to strong harvests and increased shipments of high-value produce, but concerns linger over how sustainable the trend is given the trade headwinds.The jump contrasts with the first quarter of 2025, when exports to the U.

The International Court of Justice in The Hague issued an advisory opinion stating that Gaza Strip’s occupying power must facilitate humanitarian relief efforts by the United Nations Relief and Works Agency for Palestine Refugees in the Near East and other UN bodies, and ensure the civilian population’s essential needs for food, water, shelter, fuel and medical care are met.Presiding Judge Yuji Iwasawa declared that Israel “is under the obligation to agree to and facilitate relief schemes provided

The Chief Executive of Tesla, Inc., Elon Musk, stands to become the first individual ever to reach a personal net worth of US$1 trillion if he fulfils the company’s newly unveiled incentive package that ties his compensation to the firm achieving an $8.5 trillion valuation.Tesla’s latest proxy filing reveals that Musk could be awarded up to 423.7 million shares, or roughly 12% of the company, if the firm hits performance thresholds over the next decade. The targets include raising the company’s

Africa is entering a phase of accelerated digital inclusion, backed by substantial investment and strategic partnerships, yet persistent infrastructure and cybersecurity gaps pose growing concerns. The World Bank Group recently co-chaired the launch of the Mobilizing Access to the Digital Economy Alliance: Africa, aimed at bringing 100 million individuals and enterprises online by 2034.According to the World Bank’s data, broadband access across Africa rose from 26 per cent in 2019 to 36 per cent in 2022 — evidence

Lagos-based fintech firm Moniepoint Inc. has secured more than USD 200 million in its Series C equity funding round, a move that underscores its rapid growth, profitability at scale and continental ambition. The funding was led by Development Partners International’s African Development III fund and included heavyweight participation from LeapFrog Investments, Visa Inc., Google LLC’s Africa Investment Fund, the International Finance Corporation, Proparco, Swedfund and others.Moniepoint said the capital will fuel its mission to deliver banking and payments

The Dubai-based airline Emirates has formally marked 25 years of its flight operations to Uganda, signalling both a milestone in the company’s growth in East Africa and its deeper entrenchment in the Ugandan travel market. Since its first landing in 2000, the carrier reports transporting 2.8 million passengers on 15,900 flights between Uganda’s capital region and Dubai.At launch, the service flew three times weekly, routed via Nairobi and later Addis Ababa, before becoming a direct link in 2007.

Chicago-based hospitality group Hyatt Hotels Corporation has entered into a management agreement to bring its full-service Regency brand to Lusaka, Zambia. The five-star property, to be known as Hyatt Regency Lusaka The Pamodzi, will undergo substantial refurbishment and reopen in 2026 under the new branding.The deal partners Hyatt with affiliates of ASB Hotel Properties and Albwardy Investments, placing the landmark previously called The Pamodzi Hotel at the centre of the group’s push into the African hospitality market.Hyatt’s statement notes that

Investigators have recovered an intact consumer-grade memory card from the wreckage of the submersible Titan operated by OceanGate, showing that even amid catastrophic failure some components survived. The 512 GB card, believed to be a SanDisk Extreme Pro model normally priced at around US $62, was installed in a deep-sea camera found among the debris. Despite the extreme underwater environment, the card yielded twelve still photographs and nine 4K video clips — none of which document the implosion or final

Colonel Michael Randrianirina has officially assumed the presidency of Madagascar, following the forced departure of former president Andry Rajoelina. The transition of power occurred amidst growing anti-government protests, which culminated in Rajoelina fleeing the country. Randrianirina, a 48-year-old former commander of the Malagasy Armed Forces, has been sworn in as the new leader in a shift that could reshape the island nation's political landscape.The unrest in Madagascar has been mounting for several months, with widespread protests against the government’s handling

Sun King, a leading renewable energy firm, is poised to make significant strides in solar manufacturing, with its CEO, T. Patrick Walsh, announcing an ambitious target to establish new production plants by 2026. The company’s aggressive expansion plans aim to bolster solar panel production and position Sun King at the forefront of the renewable energy sector.Walsh's announcement underscores the company’s commitment to addressing the global demand for clean energy solutions. With countries around the world intensifying their focus on reducing

A sweeping storm unleashed by the extratropical remnants of Typhoon Halong has destroyed two remote Alaskan villages and displaced more than 1,500 residents, triggering one of the largest emergency airlifts in state history. Officials confirmed at least one fatality and two missing persons as rescue and recovery efforts intensify.Winds exceeding 100 mph combined with an extraordinary storm surge—measured at 6.6 feet in the hardest-hit hamlet of Kipnuk—flattened homes, flooded infrastructure, and submerged boardwalks. Entire houses were carried off their foundations,

South Africa’s township economy, long relegated to the informal fringes of growth, is now drawing deliberate attention from government, corporates and fintech innovators alike as a pivotal engine for broad-based development. The sector is increasingly viewed not as a peripheral “slack” market but as a strategic frontier offering scale, resilience and social inclusion.Analysts estimate that the township economy could be worth between R900 billion and over R1 trillion, with some experts arguing that conventional measurements understate its full scope. Within that total,

At least 30 major U. S. news organisations, including The New York Times, The Associated Press, Reuters, and Newsmax, have refused to endorse the Pentagon’s newly imposed rules for press access, positioning themselves for a possible mass withdrawal of reporters from the Pentagon.The Department of Defense’s policy requires journalists covering the Pentagon to sign a document acknowledging restrictions on access, including the possibility of having their credentials revoked if they solicit or publish “unauthorised” information—even if unclassified. Media outlets contend

The 2025 Global Fraud Index ranks Africa as the world’s most exposed region to digital fraud, marking a significant shift in the global fraud landscape. Sumsub’s study, covering 112 countries across four structural pillars, places Nigeria, Tanzania, Uganda, Kenya and Senegal among the least protected nations.Sumsub built its index on four weighted dimensions: fraud activity, resource accessibility, government intervention, and economic health. The combined framework aims to show not only where fraud is occurring but also why some countries are

Kigali has become the launchpad for the Rwanda chapter of the Africa Trade Gateway, a comprehensive digital trade ecosystem developed by the African Export-Import Bank in partnership with the African Continental Free Trade Area Secretariat. The rollout aims to accelerate uptake of the platform across the nation and integrate Rwandan firms more closely into Africa’s digital trade networks.The ATG combines five integrated modules—including PAPSS, MANSA, ATEX, TRADAR Club, and logistics/connectivity services—into a unified “one-stop” window for digital trade

Russia and China have endorsed an ambitious joint action plan to expand shipping via the Northern Sea Route, setting freight targets and launching collaborative projects that signal a deepening strategic partnership in the Arctic domain.At a meeting of the bilateral NSR sub-commission in Harbin, officials agreed on a roadmap aimed at scaling cargo traffic to 20 million tonnes by 2030, while pursuing development in shipbuilding, logistics, training, and technological innovation. Rosatom, Russia’s state nuclear corporation, will play a central role

Addis Ababa — Ethiopia’s Ministry of Finance and Italy’s development cooperation agency have inaugurated a two-year, €1.7 million project aimed at strengthening community resilience and restoring heritage in the Wukro–Gheralta belt of the Tigray region. The “Supporting Community Resilience through Community-Based Tourism and Heritage Conservation” programme is designed to generate livelihoods, preserve cultural identity and foster post-conflict reconciliation.Semereta Sewasew, Ethiopia’s State Minister of Finance, signed the agreement alongside Italy’s Ambassador Agostino Palese. Sewasew described the venture as a “symbolic