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 than 5 000 megawatts of electricity, making it the largest power‑producing dam in Africa.


However, the project remains highly contentious. Egypt, a close US ally that relies on the Nile for nearly all of its water supply, has repeatedly warned that the dam poses an existential threat.
Channel Africa’s Economics Reporter, Innocent Semosa, has more.

Ethiopian Prime Minister Abiy Ahmed has pushed back against claims by United States (US) President Donald Trump that Ethiopia&rsquo;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 than 5 000 megawatts of electricity, making it the largest power‑producing dam in Africa.
 However, the project remains highly contentious. Egypt, a close US ally that relies on the Nile for nearly all of its water supply, has repeatedly warned that the dam poses an existential threat. Channel Africa&rsquo;s Economics Reporter, Innocent Semosa, has more.

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.

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

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. When the local currency performs well, foreign currency becomes more affordable, making it easier to fund future international expenses.

Foreign exchange is no longer the preserve of corporates or professional traders, it has become an essential tool for everyday financial planning.

Thami Ngubeni spoke to Bishop Watkins, Head of Product Management for Forex and Global at Nedbank.

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. When the local currency performs well, foreign currency becomes more affordable, making it easier to fund future international expenses.
Foreign exchange is no longer the preserve of corporates or professional traders, it has become an essential tool for everyday financial planning.
Thami Ngubeni spoke to Bishop Watkins, Head of Product Management for Forex and Global at Nedbank.

Foreign exchange is no longer just for corporates or professional traders

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 leave the country. They also caution that relinquishing South African citizenship does not automatically release individuals from their tax obligations, as residency status and the source of income remain key factors in determining tax liability.


Thami Ngubeni spoke to Roxanna Naidoo, Head of Global Strategy at Latita Africa.

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 leave the country. They also caution that relinquishing South African citizenship does not automatically release individuals from their tax obligations, as residency status and the source of income remain key factors in determining tax liability.
 Thami Ngubeni spoke to Roxanna Naidoo, Head of Global Strategy at Latita Africa.

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

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: An African Perspective, How the Continent Can Unlock Private Capital at a Pivotal Moment in Its Economic Transformation,” Dr Akinwumi Adesina, the 8th President of the African Development Bank Group, said Africa stands at a defining crossroads.


Thami Ngubeni spoke to Dr Akinwumi Adesina, the former President of the African Development Bank.

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.
&nbsp;
Speaking during a panel discussion titled &ldquo;Government and the Future of Investment: An African Perspective, How the Continent Can Unlock Private Capital at a Pivotal Moment in Its Economic Transformation,&rdquo; Dr Akinwumi Adesina, the 8th President of the African Development Bank Group, said Africa stands at a defining crossroads.
 Thami Ngubeni spoke to Dr Akinwumi Adesina, the former President of the African Development Bank.

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

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