Southern Africa

The spotlight shone brightly on African nations during the prestigious 2025 World Travel Awards (WTA) Africa & Indian Ocean Gala Ceremony, which took place on June 28 at the exquisite Johari Rotana Hotel in Dar es Salaam, Tanzania. The event served not merely as a ceremony but as a gathering point for leaders in tourism and hospitality from across the continent, all coming together to celebrate remarkable achievements in travel, destination development, and service innovation. This year, a staggering 80 award…

Each year, TIME's renowned annual list shines a spotlight on 100 companies worldwide that are making remarkable strides in their respective fields. Now in its fifth year, this esteemed recognition celebrates businesses innovating, disrupting, and transforming industries. It's an opportunity to reflect on the stories behind these brands and to consider the future paths they may lead us down. Moniepoint Inc Among the standout companies this year is Moniepoint Inc from…

When discussions about Africa’s development arise, the narrative often gravitates toward foreign aid or investments. But what if the keys to building Africa’s vibrant future lie right here, within our own borders? Recent insights from the Africa Finance Corporation (AFC) indicate precisely that. Astonishingly, Africa is home to over $1.1 trillion in institutional capital derived from domestic sources such as pension funds, insurance companies, sovereign wealth funds, and development banks. Imagine that…

Each year, TIME magazine curates a prestigious list that shines a spotlight on 100 companies from diverse industries around the globe, acknowledging those that are making extraordinarily impactful contributions to their fields. Now in its fifth iteration, this list celebrates not just innovation, but the spirit of resilience and adaptability that defines contemporary business. Moniepoint Inc Among this year’s honorees is Nigeria's own Moniepoint Inc., which earned its place in the Leaders category alongside…

The Rise of Millionaires: A Global Perspective on Wealth Growth The landscape of wealth is shifting dramatically across the globe, with numerous countries poised to welcome more individuals into the esteemed "millionaire club." As we observe significant growth in wealth per adult worldwide, it's essential to consider what drives this relentless rise. What stories lie behind the numbers? And how might this financial advancement shape our societies in the years to come? According to the…

Yesterday, Windhoek was abuzz with excitement as the second edition of the Global African Hydrogen Summit was officially announced. Scheduled for 9 to 11 September 2025, this international gathering will unfold under the ambitious theme: “Ambition in Action: Fuelling Africa's Green Industrial Revolution.” This summit not only aims to showcase innovative energy solutions but also seeks to reposition Africa at the forefront of the global energy transition. But why hydrogen? Amidst the escalating concerns over climate change…

On June 24, 2025, Namibia took center stage at the "Invest in Namibia" Forum, held in the vibrant city of Luanda, Angola. This esteemed gathering was part of the 17th USA-Africa Business Summit, a platform designed to foster dialogue and collaboration between the two regions. Her Excellency President Dr. Netumbo Nandi-Ndaitwah delivered an inspiring keynote address, meticulously outlining Namibia's strategic vision for the future. As she spoke, attendees couldn’t help but feel a palpable sense of enthusiasm. President…

African Trade: A Resilience Story After a challenging year in 2023, the winds are changing for trade among African nations. As we step into 2024, intra-African trade has surged impressively by 12.4%, reaching an eye-catching figure of $220.3 billion. This rebound encapsulates not just numbers; it conveys a spirit of resilience that echoes the diverse experiences across the continent. However, how did we emerge from the shadows of a 5.9% drop the previous year?…

The recently unveiled 2024 Africa Trade Report has provided compelling insights into the evolving trade landscape during the 32nd Afreximbank Annual Meetings held in Abuja, Nigeria. It's fascinating to see such a deep dive into data that not only tracks economic progress but also reflects a broader narrative about Africa's potential. This year, the report indicates a slight uptick in trade figures compared to 2023, which is a step in the right direction for the continent. It encompasses both exports and imports…

One of the primary indicators used to assess the vitality of a country's economy is the gross domestic product (GDP). At its core, GDP encapsulates the total value of all goods and services produced within a nation over a specified period, typically a year. While seemingly straightforward, this figure carries profound implications, reflecting not only economic activity but also the overall well-being of a country's inhabitants. Throughout history, certain industries have emerged as the backbone of economic…