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🟡 Semafor Africa: Losing the AI race
In this edition: Why African universities need to catch up on AI, the Afro-European century, and remembering Daddy Lumba.
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A rapidly-growing continent’s crucial stories.
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Africa’s e-sports industry hits record highs
The e-sports industry is expanding at six times the global rate across the continent, with Africa home to 350 million players as of 2024.
Sia Kambou/AFP via Getty Images
Ghana’s bank plans to license crypto trading
The bank is finalizing a regulatory framework to send to parliament by September.
Dado Ruvic/Illustration/File Photo/Reuters
Warnings over Kenya’s rising foreign debt burden
Last week Moody’s said the country’s debt servicing costs would remain stubbornly high.
Simon Maina/AFP via Getty Images
The Afro-European century: Betting on a shared future
The continent with the most to gain from Africa’s rise is Europe — but only if it acts accordingly.
A lithium mining site in Zimbabwe. Tafadzwa Ufumeli/Getty Images.
African universities risk being left behind in AI era
Academics and researchers are calling for written policies on use of the tech.
Issouf Sanogo/AFP via Getty Images
Malaria surges in parts of southern Africa
Botswana, Eswatini, Namibia, and Zimbabwe have all reported new outbreaks in the last year.
Hajarah Nalwadda/Getty Images
Ethio Telecom marks 80% profits surge
The state-owned company attributed the rise to an increase in customers.
US advances sanctions plans for South Africa
Lawmakers voted to send a bill that proposes imposing sanctions on some African National Congress officials to the House of Representatives.
Mozambique opposition leader hit with five charges
Venâncio Mondlane faces charges including inciting terrorism following a deadly crackdown on post-election protests.
Senegal’s power struggle deepens debt crisis
A rift within Senegal’s government could plunge the West African nation’s already beleaguered economy into further disarray.
Africa lags behind in access to clean cooking fuels
Cooking with such equipment has been found to contribute to 800,000 premature deaths per year, mostly due to household air pollution.
Africa tops China’s Belt and Road investments
Oil and gas spending surged to a record high of about $44 billion — higher than in all of 2024.
South African education minister fired ahead of vote
The move appeared to be a bid to defuse tensions ahead of a critical budget vote, after the Democratic Alliance Party accused the minister of misconduct.
Nigeria’s GDP grows after recalculation
Nigeria’s economy is 30% larger than previously estimated after the statistics agency factored in new sectors to recalculate the country’s GDP.
Côte d’Ivoire’s election power scramble gains momentum
A meeting between ruling party leaders and a prominent opposition candidate is being closely watched in the Francophone economy.
Nigeria’s crisis-hit economy expands 3% in Q2
Inflation peaked at 34% after the government cut a costly fuel subsidy in 2023, a move economists say was needed despite the short-term pain.
Africa’s four wealthiest men richer than half the continent: Report
Oxfam’s report on rising African inequality shows how the billionaires are richer than 750 million of the continent’s population combined.
KoBold Metals inks minerals exploration deal with DR Congo
The mining company is backed by US billionaires Bill Gates and Jeff Bezos.