AFRICA

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Rihanna’s Fenty Beauty out to prove Africa is a viable market

Rihanna upended the cosmetics market five years ago when she launched a makeup brand for people of color. Now she is bucking conventional wisdom again...

South African company charged with record $1.7 billion bitcoin fraud

The U.S. commodities regulator has filed civil charges against a South African man and his company for operating a fradulent commodity pool worth over...

Kenya surpasses South Africa as continent’s top avocado exporter

Kenya has overtaken South Africa to become Africa’s top exporter of avocados. In Central Kenya, where the majority of the country’s small-scale avocado farmers...

South African consumer confidence plummets in Q2 as spending shrinks

South Africa's consumer confidence plunged to minus 25 in the second quarter of 2022, the lowest in more than three decades — barring 2020...

Zimbabwe hikes interest rate by 200 percent to combat surging inflation

The Reserve Bank of Zimbabwe (RBZ) on Monday announced an increase in the country’s interest rate from 80 percent to 200 percent from July...

African economies see reasons for optimism despite crises

From COVID-19 to the current issue in Ukraine, external crises have put pressure on African economies, but many on the continent see opportunities to...

Construction of Africa’s first mRNA vaccine production plant begins in Rwanda

The first of three planned projects in Africa to produce 'home-grown' treatments against COVID-19 and other diseases is underway in Rwanda. Rwandan president, Paul Kagame...

COP27 conference must advance African energy, development – officials

African nations rich in energy but otherwise underdeveloped must secure a right to growth and power at the COP27 climate conference in Egypt in...

Bond yields sink on recession fear; futures steady

Bond yields tumbled as comments by U.S. Federal Reserve Chair Jerome Powell and growth data in Europe stoked fear about a global downturn. The yield...

Competition opens for Africa’s young agritech entrepreneurs and start ups

Young technology innovators in Africa’s agriculture and food sectors are being urged to participate in an upcoming competition aimed at developing ideas that could...