Jamaica, the Caribbean’s largest bauxite producer, is turning back to Africa 21 years after promising to help Ghana build an alumina refinery, as the two countries move to revive a decades-old bauxite and alumina trade relationship through a proposed $60 million deal.
Author: Monah Anthony
With more apps than ever and the mainstay social media giants dominating people’s screen time, the competition is fierce. Investors, meanwhile, are pining after flashy AI deals.
Soaring gold prices are reshaping the investment landscape across West Africa. In the first quarter of 2026, global demand reached 1,231 tonnes, representing a record $193 billion market — up 74% year-on-year.
India and the Southern African Customs Union signed Terms of Reference on Wednesday (12 August) to launch negotiations for a preferential trade agreement, reviving talks that stalled after five rounds between 2002 and 2010.
Global business travel spending is forecast to reach a record US$1.7 trillion in 2026, with the number of business trips worldwide expected to surpass 1.8 billion, according to the2026 GBTA Business Travel Index (BTI) Annual Global Report and Forecast.
On Monday, much of the tech world was thrilled that Meta returned to open models with the release of Muse Glimmer.
Moment, a pan-African fintech, today announced the close of its $22 million (around R364 million) Series A funding round, led by AlphaCode Venture Partners, with continued investment from General Catalyst, MultiChoice, and fresh investment from Canal+.
The prolonged disruption of shipping through the Strait of Hormuz has exposed how vulnerable Africa’s economies are to geopolitical shocks. Fuel prices have remained elevated, squeezing economies that depend heavily on petroleum imports from the Middle East. These include Ethiopia, Kenya, Mozambique, South Africa, Tanzania and Uganda.
FinTech funding experienced a significant drop this week, with just $673m raised across 15 FinTech deals.
“Our FMCG portfolio delivered an outstanding quarter, where we doubled media investment alongside continued strength in Hair Fashion across markets,” said Sudhir Sitapati, managing director and chief executive officer of Godrej Consumer Products (GCPL), as the company reported double-digit growth in revenue and profit for the June quarter.
