Wednesday, March 11, 2026 - 09:39:24
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MultiChoice will shut down its streaming platform Showmax after 11 years, marking the end of one of Africa’s most ambitious attempts to build a homegrown rival to global streaming giants. The decision follows French broadcaster Canal+’s $3 billion takeover of MultiChoice and forms part of a broader effort to streamline ....
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The Iran-linked disruption around the Strait of Hormuz is reshaping global energy flows—and Africa is emerging as a critical beneficiary. After QatarEnergy declared force majeure on five LNG shipments to Italy, Rome began urgently exploring alternatives, including pipeline gas from Libya and Algeria and LNG from Mozambique. Meanwhile, Brent crude trading above $80 a barrel […]
...Escalating tensions in the Middle East could prompt Gulf States to reassess their overseas investments, a shift that may significantly affect African economies. According to reports, officials in the Gulf Cooperation Council are considering reviewing financial commitments abroad to manage rising domestic pressures tied to the conflict. Over the past decade, Gulf countries have invested […]
...South Africa’s latest budget has sparked cautious optimism, with officials suggesting the country’s strained public finances may finally be stabilizing. Finance Minister Enoch Godongwana pointed to easing debt pressures and declining bond yields as early signs of recovery, helped by a stronger rand and steady inflation expectations. Yet economists warn that the country has not […]
...Zambia’s president, Hakainde Hichilema, says African nations should resist pressure to choose sides in the growing global competition for critical minerals. Instead of aligning with powers such as the United States or China, Hichilema argues that resource-rich countries should focus on partnerships that deliver mutual economic benefits. Under Hichilema, Zambia, Africa’s second-largest copper exporter, is […]
...In a striking display of geopolitical unity, China and the United States—alongside the UK, Canada, Australia, and South Africa—have mounted a coordinated diplomatic push to halt Accra’s proposed gold royalty hike. Ghana, Africa’s top gold producer, wants to replace its fixed 5% royalty with a sliding scale reaching as high as 12%. According to government […]
...Egyptian billionaire Nassef Sawiris is set to make history as the new chair of Adidas, one of the world’s most iconic sportswear brands. The $9.2 billion businessman—already a major shareholder and board member since 2016—will take the helm at the German giant’s May shareholder meeting, replacing Thomas Rabe. The appointment comes at a golden moment […]
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