Foreign exchange is no longer just for corporates or professional traders

Across Africa, individuals and businesses are increasingly engaging with global markets through cross‑border trade, international study, remote work and offshore investment. The recent strengthening of the rand against major currencies presents a timely opportunity for South Africans to plan ahead.…

South Africans moving abroad urged to be proactive when it comes to their tax obligations

Tax practitioners warn that South Africans who have moved their income offshore may face a rude awakening, as the South African Reserve Bank rolls out new rules requiring all cross‑border transfers of South African‑sourced income to be cleared by the South African Revenue Service before funds can l…

African leaders intensify calls for the continent to shift away from aid dependence at the World Governments Summit (WGS) 2026

As the World Governments Summit (WGS) 2026 wraps up in Dubai, African leaders and financial experts are intensifying calls for the continent to shift away from aid dependence and prioritise investment‑led growth.   Speaking during a panel discussion titled “Government and the Future of Investment…

Patrick J. McGinnis, author of Fear of Missing Out, questions whether governments lead with a clear strategy or merely react to FOMO

The 2026 World Governments Summit, held alongside the World Laureates Summit, is underway in Dubai in the United Arab Emirates (UAE). Hosted under the theme “Shaping Future Governments,” the summit brings together governments, international organisations, thought leaders and private‑sector executiv…

IBT Presidential Summit shifts the focus from policy vision to practical implementation

Day two of the IBT Presidential Summit has shifted the focus from policy vision to practical implementation, with discussions centred on how Innovative Building Technologies can be supported and funded at scale. Financial institutions, development financiers and government entities are engaging on …

The Ethiopian Prime Minister pushes back against claims by Trump that the US funded the Renaissance Dam

Ethiopian Prime Minister Abiy Ahmed has pushed back against claims by United States (US) President Donald Trump that Ethiopia’s massive new hydroelectric dam was funded by the US. The $4 billion Grand Ethiopian Renaissance Dam, built on a tributary of the Nile River, is expected to generate more th…

Absa looks at SA’s readiness for a large‑scale transition to new energy vehicles

Absa says South Africa’s New Energy Vehicle (NEV) market is growing steadily, with vehicle sales rising sharply in recent years. To test the country’s readiness for wider adoption, two Absa executives recently completed a three‑day electric‑vehicle journey covering more than 4 000 kilometres from J…

WeBuyCars co‑founders have sold approximately $54.3 million worth of shares in the company

South Africa’s vehicle buying and selling service, WeBuyCars, has announced that its co‑founders and co‑CEOs, Faan and Dirk van der Walt, have sold approximately $54.3 millions worth of shares in the company. The sale, aimed at personal investment diversification and estate planning, marks the firs…

Tanzania plans to increase its total spending by 10% in 2026

Tanzania’s Finance Minister, Khamis Mussa Omar, has announced that the country plans to increase its total spending by 10% to 24.29 billion US dollars in the upcoming fiscal year. The move comes as the East African nation faces heightened financial pressure to fund development projects following th…

Dangote Group subsidiaries secure expanded gas supply agreements with Nigerian National Petroleum Company Limited

Three subsidiaries of the Dangote Group have secured expanded gas‑supply agreements with units of the Nigerian National Petroleum Company Limited (NNPC), in a move aligned with Nigeria’s Gas Master Plan 2026. The agreements were announced in Abuja at the launch of the plan and are expected to suppo…