First Independent Mena Newspaper
With more than half of the textiles sold by South African retailers are imported from abroad, out of which nearly 60% of those imports come from China, local retailers are signing on to a master plan by the government to support local businesses in an effort to bolster the country’s clothing and textile sector. As […]
Only three African nations control about 56% of the continent’s total wealth, according to the 2022 Africa Wealth Report published by UK investment consultancy firm Henley & Partners in partnership with South African wealth intelligence firm New World Wealth. South Africa, Egypt, Nigeria, Morocco, and Kenya are Africa’s wealthiest countries. The first three countries possess […]
As Africa reflects on the legacy of Britain’s Queen Elizabeth II, from Kenya to Nigeria to South Africa, the monarch’s passing has reignited a sensitive debate about Britain’s colonial past in parts of the continent, particularly the queen’s role as head of state during British rule. The death of the British monarch has prompted an […]
The French energy giant TotalEnergies has submitted an application to convert its exploration right offshore South Africa into a production right and the country’s authorities expect the company to submit a production plan within weeks to utilize a prolific offshore gas discovery that will form a key part of increasing investment in the sector. The […]
The demand for Chinese 5G smartphones across Africa continues to rise, as more countries on the continent keep testing 5G networks and their citizens are upgrading from 4G smartphones to 5G-enabled ones. Despite the slow pace of 5G network infrastructure development in Africa, the enthusiasm among people across the continent to be part of the […]
UM6P Ventures, an investment arm of Mohammed VI Polytechnic University, has announced investing in South African company De Novo Dairy, which produces animal-free dairy products that provide the same taste and nutrition as the traditional dairy products. De Novo Dairy specializes in the production of milk proteins using precision fermentation of yeast strains. This allows […]
Unlike in 2021, this year, Google is funding an equal number of men and women-founded startups through its Black Founders Fund, which embodies the tech giant’s commitment to invest in Black entrepreneurs in Africa. Google started its Black Founders Fund following the wave of concern in 2020 after the George Floyd protests in the US […]
Togo and South Africa are mulling several cooperation in areas of security at the time the West African country is reeling against terrorism in the northern region at the border with Burkina Faso. The Togolese Defense Minister Gnakade E. Marguerite held talks last week in Lome with Robina P. Marks, the South African ambassador to […]
Japan, which lags behind other major economies when it comes to investment in Africa, has been increasingly concerned that the pandemic has weakened African economies and worsened their dependence on Chinese investment and aid. US investment in Africa is seven times larger than that of Japan, that of the UK and France is more than […]
South Africa’s coal sales to Europe rose eight-fold during the first six months of 2022 compared with last year as demand for the fossil fuel surged ahead of a ban on Russian coal, according to Thungela Resources, a South Africa-based thermal coal exporter. The European Union banned Russian coal imports in response to the invasion […]