United States (US) Secretary of State, Marco Rubio says 83% of programmes run by USAID will be cancelled, and this may result in a major reduction in US development assistance to Africa.

According to the State Department, sub-Saharan Africa accounted for 12 billion of USAID's 2024 spending obligation, something Elon Musk's Department of Government Efficiency (DOGE), perceived as wasteful government expenditure. Meanwhile, the President of Rwanda, Paul Kagame, says aid to developing countries has been weaponised and used as a tool of control and to create dependency.

For more on this Thami Ngubeni spoke to Nicolette Naylor, CEO Ubuntu Global Philanthropy & Gender Justice.

United States (US) Secretary of State, Marco Rubio says 83% of programmes run by USAID will be cancelled, and this may result in a major reduction in US development assistance to Africa.
According to the State Department, sub-Saharan Africa accounted for 12 billion of USAID's 2024 spending obligation, something Elon Musk's Department of Government Efficiency (DOGE), perceived as wasteful government expenditure. Meanwhile, the President of Rwanda, Paul Kagame, says aid to developing countries has been weaponised and used as a tool of control and to create dependency.
For more on this Thami Ngubeni spoke to Nicolette Naylor, CEO Ubuntu Global Philanthropy &amp; Gender Justice.

In-depth financial issues, profiling of African businesses doing well internationally, stocks & market updates.

In-depth financial issues, profiling of African businesses doing well internationally, stocks &amp; market updates.

Business Africa

Africa in Business

83% of US aid programs will be cancelled

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Victor Kgomoeswana, Author of Africa Is Open for Business, Africa Bounces Back, and Executive Director for Marketing and Communication at the University of Limpopo, unpacks the business news that made headlines this week.

Victor Kgomoeswana, Author of Africa Is Open for Business, Africa Bounces Back, and Executive Director for Marketing and Communication at the University of Limpopo, unpacks the business news that made headlines this week.

Business round‑up with Victor Kgomoeswana, Author and Executive Director for Marketing and Communication at the University of Limpopo

South African farmers are coming under growing pressure as global fertiliser prices climb amid escalating tensions in the Middle East, raising concerns about rising production costs, potential impacts on crop yields and the knock‑on effect on food prices.


Wandile Sihlobo, Presidential Envoy on Agriculture and Land and Chief Economist at the Agricultural Business Chamber of South Africa (Agbiz), says the country does not currently face immediate fertiliser supply constraints. However, he warns that prices are rising due to fears of global supply disruptions as the conflict continues to unsettle international commodity markets.


Thami Ngubeni spoke to Wandile Sihlobo, Presidential Envoy on Agriculture and Land and Chief Economist at Agbiz.

South African farmers are coming under growing pressure as global fertiliser prices climb amid escalating tensions in the Middle East, raising concerns about rising production costs, potential impacts on crop yields and the knock‑on effect on food prices.
 Wandile Sihlobo, Presidential Envoy on Agriculture and Land and Chief Economist at the Agricultural Business Chamber of South Africa (Agbiz), says the country does not currently face immediate fertiliser supply constraints. However, he warns that prices are rising due to fears of global supply disruptions as the conflict continues to unsettle international commodity markets.
 Thami Ngubeni spoke to Wandile Sihlobo, Presidential Envoy on Agriculture and Land and Chief Economist at Agbiz.

Fertiliser prices surge amid escalating tensions in the Middle East

The 11th Annual Forbes Woman Africa Leading Women Summit, held on March 18 2026 in celebration of International Women’s Day, focused on leadership in times of uncertainty and the transformative role of technology, innovation and sustainability in shaping the continent’s future.


The summit also highlighted the increasing influence of women across Africa who are driving progress in business, public service, science, the creative industries and social impact sectors.


Thami Ngubeni spoke to Renuka Methil, Managing Editor of Forbes and Forbes Woman Africa.

The 11th Annual Forbes Woman Africa Leading Women Summit, held on March 18 2026 in celebration of International Women&rsquo;s Day, focused on leadership in times of uncertainty and the transformative role of technology, innovation and sustainability in shaping the continent&rsquo;s future.
 The summit also highlighted the increasing influence of women across Africa who are driving progress in business, public service, science, the creative industries and social impact sectors.
 Thami Ngubeni spoke to Renuka Methil, Managing Editor of Forbes and Forbes Woman Africa.

83% of US aid programs will be cancelled

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