Nigeria’s leading opposition politicians united in order to field one candidate to face President Bola Tinubu in January’s hotly contested general election. But, with only nine months until the poll in one of Africa’s biggest economies, it remains unclear who the main opposition candidate will be, or how and when ...
Category: Semafor
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Scaling up industrialization in AfricaScaling up industrialization in Africa
Alexis’s view The Iran war has shown the power of industrialization — just look at the impact of Aliko Dangote’s refinery. The conflict has highlighted Africa’s reliance on fuel imports and the knock-on-effect of higher prices and currency pressure. Dangote’s plant, which has shown how local processing can reduce the ...
Hungary’s next PM warns Orbán associates moving billions abroadHungary’s next PM warns Orbán associates moving billions abroad
Incoming Hungarian Prime Minister Péter Magyar alleged that his predecessor’s associates are fleeing the country with billions of dollars in assets. Viktor Orbán was defeated in a landslide this month. During his tenure, Hungary slid down rankings on democracy and corruption indices; reports suggest that vast amounts in state funds ...
South Africa hunts for nuclear talent abroad as new reactor plans advanceSouth Africa hunts for nuclear talent abroad as new reactor plans advance
The News South Africa is hoping to lure back engineers working abroad as part of a recruitment drive to ramp up nuclear power capacity and ultimately supply about a tenth of the nation’s electricity, the country’s most ambitious energy project in decades. The plan aims to attract skilled migrants and ...
Burjeel healthcare group puts Islamic bond on holdBurjeel healthcare group puts Islamic bond on hold
The Scoop Burjeel Holdings postponed a planned $1.5 billion Islamic bond issue over the Iran war, pivoting from preparing to close the deal in London to ensuring its Gulf emergency rooms were well stocked in the early days of the conflict, the CEO of the Abu Dhabi-listed hospital group told ...
Faulty assumptions leave Africa unprepared for a prolonged Iran shockFaulty assumptions leave Africa unprepared for a prolonged Iran shock
Most African governments are betting that the Iran shock will be short-lived. African leaders are hoping that modest policy tweaks will help them weather a crisis that has lifted oil prices, halted fertilizer supplies, and choked shipping traffic. That assumption is shaky, at best, and could prove very costly. Given ...
UK hopes king’s US visit improves tiesUK hopes king’s US visit improves ties
King Charles III arrives in Washington today with Britain hoping the royal touch can help ease increasingly strained relations with the US. UK Prime Minister Keir Starmer has infuriated US President Donald Trump by refusing to take part in the Iran war; in theory the state visit is unrelated, but ...
What’s next for Letterboxd?What’s next for Letterboxd?
The Scoop The controlling investor in Letterboxd, the social platform for movie lovers that’s one of the few success stories in 2020s digital media, is looking to sell its stake in a company that plays a powerful and growing role in the global film business. The Canadian holding company Tiny ...
Kenya’s Sawe breaks 2-hour marathon recordKenya’s Sawe breaks 2-hour marathon record
Kenyan athlete Sabastian Sawe made history at the London Marathon on Sunday by becoming the first athlete to run a marathon in under two hours in a competitive race. Sawe finished the race in 1 hour, 59 minutes, and 30 seconds, shattering the previously held men’s marathon world record, set ...
China bolsters gig workers’ protectionsChina bolsters gig workers’ protections
Beijing formalized labor rules for gig workers on online platforms, including delivery drivers and livestreamers, as the sector takes on a larger role in China’s economy. The guidance, which requires tech companies to provide fair pay and stronger protections, signals “a shift from ad-hoc regulation to normalization of the platform ...