Yinka’s view The White House’s Africa strategy under President Donald Trump’s second term has suffered from a basic tension: Washington wants a more transactional relationship centered on trade, investment, and critical minerals, while dismantling the tools that gave it leverage on the continent. But recent moves suggest some Republicans recognize ...
Category: Semafor
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Hockney’s technique, in the artist’s own wordsHockney’s technique, in the artist’s own words
by David Hockney. The veteran British artist died last week at the age of 88. He was working (usually on an iPad) right to the end of his life, including a vast frieze inspired by the Bayeux Tapestry. This 2001 book argues that the Renaissance greats such as Caravaggio and ...
E-bike maker Spiro plans manufacturing in AfricaE-bike maker Spiro plans manufacturing in Africa
African e-bike manufacturer Spiro will begin producing the majority of its components on the continent by next year, CEO Gagan Gupta told Semafor. The Dubai-headquartered company’s current supply of EVs comes from the assembly of parts imported from different countries, but it aims to make 90% of components in-country by ...
Zimbabwe gold miner plans to double annual outputZimbabwe gold miner plans to double annual output
Zimbabwe’s state-owned miner Mutapa Gold Resources plans to double its annual gold production compared to the last financial year to reach 220,000 ounces by 2029. Mutapa said it secured $75 million from Zimbabwean banks to raise output from a key pit located to the northwest of Harare, with more capital ...
Misinformation fuels Ebola spreadMisinformation fuels Ebola spread
Health workers in the Democratic Republic of Congo said misinformation regarding the Ebola virus was hindering efforts to contain the outbreak, as official cases approached 1,000. False claims about the virus, including that the epidemic was a hoax, have proliferated across the Central African nation, accelerating the spread of the ...
South Africa’s Standard Bank eyes Kenya growthSouth Africa’s Standard Bank eyes Kenya growth
The News South Africa’s Standard Bank aims to be Kenya’s biggest lender by 2030, its regional chief told Semafor, a rare public shot at climbing East Africa’s banking hierarchy as the International Monetary Fund warns that the region’s economic buffers are dangerously fragile. The target is likely to sharpen competition ...
South Africa’s proposed power pricing plan to end Eskom monopolySouth Africa’s proposed power pricing plan to end Eskom monopoly
The News South Africa unveiled a sweeping new pricing blueprint to introduce competition in the country’s electricity sector, a move that would directly affect more than $14 billion in private international investment reshaping the nation’s grid. The proposed overhaul, outlined in the National Energy Regulator of South Africa’s website, is ...
The Gulf’s other postwar challengeThe Gulf’s other postwar challenge
Mohammed’s view On Friday, the US and Iran are expected to sign an interim agreement, providing space for more detailed discussions to end the war. After 111 days of conflict — most of it spent under a ceasefire — little will change on the surface. Tehran remains under the same ...
Iran war is region’s costliest in decadesIran war is region’s costliest in decades
The Iran war has had a broader impact on the economies of the Middle East than any other conflict in the past 50 years, striking 10 countries that together account for 70% of the region’s economic output, according to analysis by Semafor columnist Alaa Shahine Salha in Asharq Business. Past ...
Oman property fends off Iran war ripplesOman property fends off Iran war ripples
Residential land prices in the Omani capital Muscat rose by 43.6% year-on-year in the first quarter, data from the National Centre for Statistics and Information showed. The market has continued to climb during the US-Iran war, helped by the fact that Oman’s ports lie outside the Strait of Hormuz, meaning ...