Pedzi Manase, a backyard hens and eggs farmer in the Gauteng township of Duduza, is conflicted about the bird flu outbreak ravaging South Africa’s poultry sector. There's more to this story Get unlimited access to our exclusive journalism and features today. Our award-winning team of correspondents and editors report from over 54 African countries, from Cape Town to Cairo, from Abidjan to Abuja to Addis Ababa. Subscribe Now cancel anytime Already a a subscriber Sign In

Attracting local investors is crucial to the sustainability of a country’s local venture capital ecosystem, but encouraging institutions to overcome entrenched attitudes towards risk can be a challenge. “The venture capital funds that aren’t linked to an existing large corporate, these standalone venture capital funds, are terribly underfunded. “If we look at just what it costs to run a venture capital fund, you need at least ZAR500 million (US$27 million), ideally ZAR750 million (US$40 million) in funds under management to make it a sustainable business as a venture capital fund. I think there is a lack of understanding about what the true risks of venture capital are, and the tools and processes that we as venture capital investors put in place to reduce those risks. Traditional markets and big institutions are going to struggle to find returns, and so they’re going to have to look at alternatives like venture capital to get those returns.

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Report HighlightsHow big is the North Africa ceramic tiles market? The North Africa ceramic tiles market size reached US$ 2.8 Billion in 2022. The North Africa ceramic tiles market is experiencing significant growth, driven by several key drivers and trends. Another significant trend in the North Africa ceramic tiles market is the increasing focus on sustainability and eco-friendly practices. Furthermore, technological advancements and innovations are driving the growth of the ceramic tiles market in North Africa.

The children of four jailed Tunisian opposition figures have called on the International Criminal Court (ICC) to investigate claims of political persecution and the deteriorating human rights situation in the North African country. On Wednesday, 60 activists went on a one-day hunger strike to protest “arbitrary arrests and unfair trials” of the president’s opponents. On Friday, Ghannouchi, 84, began a three-day hunger strike to protest his detention and show support for other “political prisoners”. “He went on a hunger strike because he had no other option. The international human rights group Amnesty International accused Saied of stifling political opposition and taking steps that repress free expression.

Economic growth in Sub-Saharan Africa is expected to decelerate this year by slumps in economic powerhouses South Africa, Nigeria and Angola, the World Bank has announced, expressing fears of a lost decade for the continent, faced with growing instability. For the current year, growth should reach 2.5%, compared with 3.6% last year, due in particular to the slowdown in the region’s main economies, according to the World Bank’s latest growth forecast for sub-Saharan Africa published on Wednesday (4 October). The Washington-based global lender projects Nigeria’s economy to grow by 2.9%, while Angola’s will reach 1.3% and South Africa just 0.5%. But the fact that its GDP per capita has not grown since 2015 presents an even bigger problem for the region, the World Bank’s report says. However, there is optimism for a rebound with a projected growth of 3.7% in the following year and an even more promising 4.1% in 2025.

Paystack, a Nigerian fintech startup founded by Shola Akinlade and Ezra Olubi, has been making significant strides in the African market since its establishment in 2015. As the first Nigerian startup invited to join the Y Combinator accelerator program, Paystack has expanded its reach, serving over 60,000 businesses across Africa and processing billions of dollars in transactions annually. In 2020, Paystack made headlines when it was acquired by Stripe, the Irish-American financial services company powering online payments for some of the world’s largest firms. This deal, reportedly valued at over $200 million, stands as the most substantial acquisition of an African startup and represents a pivotal moment for the continent’s tech ecosystem.

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RABAT, Oct 5 (Reuters) - Moroccans welcomed on Thursday the announcement that their country would co-host the 2030 World Cup alongside Spain and Portugal, after years of failed attempts. After five failed attempts to become World Cup hosts, the announcement that Morocco will share the honours will lift spirits in the north African country, a month after a devastating earthquake that killed nearly 3,000 people. Morocco became the first Arabic-speaking country to reach the quarter-finals of the World Cup in Qatar in 2022. The decision comes days after Morocco was also chosen to host the 2025 African Cup of Nations after several other bids dropped out. "It is an honour for us to host the World Cup in Africa again... it will help develop African football," said Boris Yameogo, a student from Burkina Faso living in Rabat.

Outokumpu Oyj : Kemi mine to become the first carbon-neutral mine in the world by 2025 – almost a third of the target to ...October 06, 2023 at 01:38 am EDT

Headquartered in Dubai, Cedar White Bradley (known as CWB) is a professional services firm specialised in intellectual property services. That ambition kicked off in February through the merger with Petosevic, with Pretoria-based Hahn & Hahn now added to the group. Now with the addition of Hahn & Hahn, CWB welcomes around 20 staff in South Africa. Seller Hahn & Hahn was advised by commercial law firm KEBD (based in Gauteng). “We are extremely excited about our partnership with CWB,” said Victor Williams, Director at Hahn & Hahn.

With a dedicated team based in Jebel Ali, MRDS Group has been actively supporting international clients in the UK, Middle East, West Africa, Indonesia and Malaysia. This strategic move has resulted in several major contracts with international drilling contractors and national oil companies. McGillivray expressed his optimism, stating, "The MRDS Group is well-positioned to seize the opportunities presented by the MENA region's oilfield services market, which is projected to reach US$41.73bn in the next five years. MRDS Group has been collaborating with both international drilling contractors and national oil companies in the UAE, demonstrating its commitment to strategic growth in the region. With a senior management team offering over 100 years of combined experience, MRDS Group leads a competent workforce of skilled engineers and technicians specialising in mechanical, hydraulic, and electrical work.

U.S ambassador to Libya says deadly floods have spurred efforts to unify the north African countryCAIRO (AP) — The U.S. Ambassador to Libya said Thursday that the deadly floods that devastated a Libyan coastal city last month have spurred new efforts to unify the oil rich country. “I believe the stage is actually set for development of an agreed, credible roadmap to elections,” he said. Devastating rainfall and floods, triggered by Mediterranean Storm Danial, hit parts of eastern Libya in September. The disaster has brought some rare unity to oil-rich Libya, which has been divided between rival administrations since 2014.

Tropical Storm Philippe is on track to pass near Bermuda on Friday before moving toward eastern New England and Atlantic Canada this weekend, the National Hurricane Center said. A tropical storm warning has been issued for Bermuda, where tropical storm conditions are expected to start early Friday morning, according to the National Hurricane Center. Forecasters project 2 to 4 inches of rain there through Friday, and large swells from another weather system will further increase overnight as Philippe nears. As of 8 p.m., Philippe was about 340 miles south-southwest of Bermuda, moving north at 14 mph. By the time Philippe moves over parts of Atlantic Canada this weekend, it is likely to be a post-tropical cyclone, forecasters said.

The leader of the Free Destourian Party (PDL), one of the main opposition parties in Tunisia, was placed in conditional detention on Tuesday after she was arrested in front of the presidential palace, according to the lawyer of her party. According to her party, Ms. Moussi was arrested in front of the presidential palace in Carthage, where she had come to file appeals against presidential decrees, as she claimed. In a video posted on the PDL’s Facebook page, Ms. Moussi stated before her arrest that the presidential office had refused to accept her appeal and issue her an acknowledgment receipt. Since early February, authorities have incarcerated several opposition figures, including the historic leader of the Islamist-conservative Ennahdha party, Rached Ghannouchi, as well as prominent figures, including former ministers and businesspeople. President Saied, accused by the opposition of authoritarianism, has labeled the arrested individuals as “terrorists” and claimed they were involved in a “plot against the security of the state.”