California-based artificial intelligence exploration firm KoBold Metals is investing $150 million to develop a copper mine in Zambia, the company announced at the U.S.-Africa Leaders Summit in Washington, D.C., a win for Zambia’s president who has set an ambitious copper production target. The Mingomba project will be a joint venture with Australian private equity firm […]
Africa
Meta Platforms was accused in a lawsuit filed in Kenya on Wednesday of letting violent and hateful posts from Ethiopia flourish on Facebook, inflaming the Ethiopian civil war. The lawsuit, filed by two Ethiopian researchers and the Kenya’s Katiba Institute rights group, alleges that Facebook’s recommendations systems amplified violent posts in Ethiopia, including several that […]
Microsoft Corp aims to secure internet access for 100 million more people in Africa by 2025, teaming up with a satellite provider and setting the stage for longer-term cloud adoption, its President Brad Smith told Reuters. The software maker has long pushed to bring more people online, playing the role of facilitator among telecoms and […]
Visa Inc plans to invest $1 billion over the next five years in Africa to capitalize on the emerging economy’s rapid growth in digital payments, the company said at the U.S.-Africa Leaders Summit on Wednesday. U.S. President Joe Biden is hosting dozens of African leaders for the three-day event, which started on Tuesday in Washington, […]
U.S. Trade Representative Katherine Tai said on Monday that her agency is preparing to sign a memorandum of understanding with African Continental Free Trade Area countries to explore work on the next phases of the U.S.-African trade relationship. Tai said at the Semafor Africa Summit that she sees opportunities to improve the longstanding African Growth […]
A humanitarian crisis is taking place in the Horn of Africa. The shadow of the worst drought in decades is about to take the lives of millions. Ethiopia, Somalia, and Kenya struggle to find enough food to eat. Millions have fled their homes, especially after the prediction of a dry raining season. This famine is […]
The horn of Africa is starving. Forecasts are indicating an underwhelming rainy season for the last month of 2022. Famine in African countries has reached its fifth consecutive dry season in significant parts of Ethiopia, Somalia, and Kenya. This year is the driest in 70 years, putting millions of lives in danger of starvation by […]
Johannesburg, South Africa – 9 November 2022: NAPAfrica, the continent’s largest internet exchange point (IXP), celebrates its ten-year anniversary this month. This is largely thanks to the continuous support of loyal members and a like-minded community seeking to play a pivotal role in transforming Africa’s internet access and interconnection. Established in 2012 and running from […]
African e-commerce firm Jumia Technologies said on Wednesday it was past peak losses and would focus on promotions, marketing and cost cutting in its quest towards profitability, driving its shares up 16 percent despite a wider quarterly loss. Jumia is an online marketplace for vendors and food sellers, with associated services including logistics and payments. […]
A Nigerian man has launched a project called “Looty” to reclaim African artifacts stolen by European colonisers by creating 3-D images of them, selling them as non-fungible tokens (NFTs) and using the proceeds to fund young African artists. Calls for objects stolen during the colonial period to be returned to their places of origin have […]