Category: African Business
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Zambia and Zimbabwe plunge into darkness after simultaneous power blackouts
Zambia and Zimbabwe experienced simultaneous nationwide power blackouts on the evening of Sunday, November 24, following a disturbance believed to be caused by a surge in power lines connecting the two countries to South Africa’s power utility, Eskom. The outages began at 8:15 PM CAT in Zambia and 8:25 PM CAT in Zimbabwe, according to…
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Special Report: The Future of Technology Innovation in Africa—A Focus on Kenya
As the world races to adapt to the rapidly evolving digital economy, Africa stands at a crossroads, with technological innovation emerging as a crucial avenue for solving pressing challenges, including job creation. In East Africa, Kenya has positioned itself as a leader, particularly in its capital, Nairobi, which is rapidly becoming the region’s tech hub.…
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🇪🇹 Addis Ababa airport could be the world’s biggest
Ethiopia is building a massive new airport which is projected to become Africa’s largest and one of the busiest in the world. The £5 billion project, named “Mega Airport City,” will be located near Bishoftu in central Ethiopia, about 25 miles from the capital, Addis Ababa. The airport is expected to welcome up to 110…
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XRP, DOGE Lead Crypto Losses as Weekend Pullback in Bitcoin Causes $500M Liquidations
BTC dropped more than 3.5% from its peak, as profit-taking led to a pullback from the near $100,000 mark late Friday. What to know: Bitcoin (BTC) pared last week’s gains with a price drop from $98,500 to as low as $95,500 during late U.S. hours on Sunday, before recovering, in a move that sent the…
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🇸🇩 Sudan: Death toll in RSF siege of Wad Ashib climbs to 69
The death toll from the Rapid Support Forces (RSF) siege of the town of Wad Ashib in Sudan’s Al Jazirah state has risen to 69, a local monitoring group said on Wednesday, with 42 people shot dead by the paramilitary force. The RSF stormed Wad Ashib late last week as part of a retaliatory offensive…
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🇲🇱 Mali Prime Minister Shoguel Maiga has been dismissed
Ina move that was largely expected, the Malian prime minister has been dismissed along with his entire government. “The powers of the Prime Minister and members of the government have been terminated,” said a decree by Malian President Assimi Goita, which was read out on state television. Maiga has led the government since 2021. “What…
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Google Exposes GLASSBRIDGE: A Pro-China Influence Network of Fake News Sites
Government agencies and non-governmental organizations in the United States have become the target of a nascent China state threat actor known as Storm-2077. The adversary, believed to be active since at least January 2024, has also conducted cyber attacks against the Defense Industrial Base (DIB), aviation, telecommunications, and financial and legal services across the world,…
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President Ramaphosa Urges Informal Businesses to Register for Regulation Compliance
President Cyril Ramaphosa has called on all informal business owners, including spaza shop operators, to register their businesses as part of a government effort to ensure proper regulation. Speaking at the National Presidential MSME & Cooperatives Awards in Midrand, Ramaphosa emphasized that compliance would be enforced to foster a fair and structured business environment. He…
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The Rise of African and African-American Tech Companies: Market Disruptors with Cultural Roots
The tech industry is seeing a transformative wave led by African and African-American entrepreneurs who are reimagining digital solutions to address global challenges while celebrating cultural identity. Companies like Fanbase, BlueSky, Spill App, and panafrican.email are reshaping their respective niches with innovative platforms, strategic funding, and a strong focus on underserved markets. Fanbase: Monetizing Authenticity…
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