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Start-ups in Africa raised $2.2b in 2024, pushed by mega deals, 25% drop from 2023

Start-ups in Africa cumulatively raised $2.2 billion in equity, debt, and grants (excluding exits) in 2024, and though it is a significant figure in absolute terms, it represents a 25% drop compared to the $2.9 billion that were raised on the continent in 2023, ‘Africa: The Big Deal’ has revealed. According to the funding report […]

Africa Features Headlines International

Mozambique: massive jailbreak sees 1,500 inmates escape amid post-election violence

Over 1,500 inmates escaped during a riot in the high-security Machava prison near in Mozambique’s capital Maputo that left 33 people dead and 15 injured on Wednesday (25 December), according to police general commander Bernardino Rafael. About 1,534 people escaped during the massive prison break, of whom about one tenth have since been recaptured. The […]

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Eight candidates join race to succeed AfDB president Adesina in 2025

With the two-term tenure of African Development Bank (AfDB) president Akinwumi Adesina coming to an end by May 2025, a total of eight candidates, including from South Africa, Algeria, Senegal, Zambia, and Mauritania, are in race to succeed him. The race is beginning to heat up with candidates across Africa declaring their intention to replace […]

Africa Business Columns Emerging Markets Headlines International Morocco

Mounting calls for strengthening Morocco-South Africa economic partnerships

South African Businessmen and economic stakeholders have joined their voices to those of politicians and activists to call for consolidating economic partnerships between their country and Morocco, a rising economic power in Africa. In this context, the CEO of Gauteng Tourism Authority (GTA), the government agency of the Gauteng province in South Africa, Stembiso Dlamini, […]

Africa Columns Headlines International Maghreb Morocco

South Africa protestors call for better ties with Morocco, sending strong message to Algerian junta

Several disgruntled South Africans gathered outside the African National Congress’s (ANC) Headquarters in Johannesburg to protest against the ANC’s hostile diplomatic approach to Morocco, signaling a growing rift within South Africa’s politicians over relations with the North African Kingdom and the Sahara issue. With Morocco’s rising economic power in Africa, increasing voices in South Africa […]

Africa Columns Headlines International Maghreb Morocco

ANC sections urge South Africa to strengthen relations with Morocco, support UN Security Council Resolutions on the Sahara

Several sections of the African National Congress (ANC), the ruling party in South Africa, have called for strengthening bilateral relations with Morocco, for recognizing the Kingdom’s invaluable support for the fight against apartheid. They also urged South Africa to refrain from supporting parties advocating military action, alluding to the Algeria-backed polisario and its military plans, […]

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South Africa takes over G20 presidency amid global polarization due to wars, trade tensions

South Africa became the first African country to take over the G20 presidency on Sunday (1 December), which may also be the most challenging yet amid growing global political instability and shifting world order. As the first African country ever to lead the forum, Pretoria said that while it aims to focus on issues such […]

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Namibia’s female VP ahead in early election results, but opposition cries foul over irregularities

Namibia’s female vice president Netumbo Nandi-Ndaitwah from the ruling SWAPO party leads — as widely expected — in early results in the presidential election marred by significant problems, amid rising tensions as opposition parties denounce its outcome, seeking legal action. Plagued by significant technical issues, including ballot shortages and other problems, Namibia’s presidential election was […]

Africa Headlines International

Constitutional challenge looms over presidential ranch scandal

South Africa’s Constitutional Court faces increasing pressure to address impropriety allegations against President Cyril Ramaphosa. Opposition parties demand reinstatement of impeachment proceedings regarding substantial foreign currency discovered at his private ranch, an incident that reignited debates about governmental transparency and accountability. The Economic Freedom Fighters and African Transformation Movement seek judicial intervention to override a […]

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Russia to build spaceports in friendly African states as world powers jostle for influence

Russia has offered to construct spaceports on the territory of friendly African nations, including South Africa, Zimbabwe, and others, just as the competition among the great powers heats up as they jostle over who will control rocket launch sites projects across the continent. Russian state space corporation Roscosmos, which is one of the foreign investors […]