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Intelligence for the New World Economy

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Intelligence for the New World Economy

Semafor Africa

Ex-Vodacom executive Romeo Kumalo plans $200M AI fund

Kumalo said the fund aimed to “fuel founders who are building solutions that change lives and deliver meaningful, risk-adjusted returns.”
Former Vodacom executive Romeo Kumalo hugs a woman.Frennie Shivambu/Gallo Images/Getty Images

Tanzania’s internet shutdown cost economy $228M, monitoring group says

The shutdown has reignited worries about the use of state-ordered internet blackouts on the continent during elections or unrest.
People walk past debris outside electronic stores looted during protests.Electronic stores looted during protests. Emmanuel Herman/Reuters.

Sudan’s RSF agrees to US and Arab-led ceasefire deal

The military-led government has not yet responded.
Head of the Rapid Support Forces paramilitary group, Mohamed Hamdan Dagalo, in 2023. RSF leader Mohamed Hamdan Dagalo. Mohamed Nureldin Abdallah/Reuters.

Nigeria issues $2.35B eurobond amid Trump threats

High demand for the offering, which attracted buy and sell orders of $13 billion, reflects confidence in Nigeria’s recent fiscal policies.
Lagos.Olympia de Maismont/AFP via Getty Images

Russia could buy leftover uranium from Niger, France warns

The Arlit mine, formerly run by a French group, was seized during Niger’s 2023 military coup, and stockpiles of uranium remained on site.
Workers place a container with spent highly-enriched uranium on a truck in Kyiv in 2012.Gleb Garanich/Reuters

Pan-African group Ecobank plans agriculture strategy after revenue jump

The Togo-headquartered lender views agriculture as an underinvested sector, says its CEO.
A farm worker works inside a cocoa nursery in Nigeria.Sodiq Adelakun/Reuters

African Union criticizes Tanzania after violence-marred elections

Monitors said they witnessed ballot stuffing and violence and abductions by government forces.

Angola looks for $4.5B in funding for Lobito Corridor rail extension

Luanda seeks a more efficient export route for copper from Zambia that bypasses congested transit lines through South Africa, Mozambique, and Tanzania.

Nearly half of world’s most unequal countries are in Africa: report

The report on global inequality was commissioned by South Africa ahead of the G20 summit it is hosting later this month.

Nigeria scrambles for US influence without ambassador or lobbyists

Filings seen by Semafor show a separatist group in Nigeria has outspent Abuja in the Washington lobby.

Kenya sounds alarm as Tanzania unrest hits regional trade

Nairobi’s trade minister warns electoral violence is damaging investor confidence.

African banks push to expand role in capital investment

Bank leaders see opportunity to move beyond short term treasuries.

Famine takes hold in Sudan’s war-ravaged Darfur

The Rapid Support Forces’ recent capture of the city of el-Fasher has led to the spread of famine conditions outside of the region’s refugee camps.

Tanzania opposition rejects election results amid deadly protests

The electoral commission said President Samia Suluhu Hassan won with 98% of the vote.

DR Congo mobile firms in talks with Elon Musk’s Starlink

Africell and Vodacom are discussing opportunities to reach underserved areas.

African philanthropists can turn around the continent’s early learning challenge

As aid shrinks and debt repayments rise, the role of private philanthropy has never been more urgent.

Nigerian leaders caught off-balance as Trump threatens over ‘Christian killings’

Abuja eyes Caracas nervously as Trump posts his warning.

US revokes visa of Nigerian Nobel laureate Wole Soyinka

Soyinka linked the ban to his vocal criticism of the Trump administration.