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South Africa has once again been positioned as Africa’s richest country by total wealth, not only because of the size of its economy, but because of the depth of its markets, its financial plumbing, and the concentration of high net worth individuals living and investing inside the country. Business Insider Africa points to an estimated GDP of about $410 billion in 2025 and argues that private wealth tells the fuller story.

South Africa has a new name on the global billionaire board, and the story is not built on apps, crypto, or overnight virality. Paul van Zuydam, the owner and chairman of French cookware icon Le Creuset, has been recognised as South Africa’s latest dollar billionaire, with Forbes real time estimates placing his net worth at about $1.7 billion in December 2025.

In a recent diplomatic engagement, Omar Obaid Alhesan Alshamsi, Undersecretary of the United Arab Emirates Ministry of Foreign Affairs, received the credentials of Isaac Annanias Moyo, Zimbabwe’s newly appointed ambassador to the UAE, underscoring both countries’ intent to deepen bilateral cooperation across key sectors.

President of the United Arab Emirates The UAE has announced a $1 billion AI for Development initiative aimed at expanding AI infrastructure and AI enabled services across Africa, positioning artificial intelligence as a practical engine for public services and productivity, not just a frontier technology. The announcement was made at the G20 leaders’ summit in Johannesburg during a speech delivered by Sheikh Khaled bin Mohamed bin Zayed, Crown Prince of Abu Dhabi, who led th

A quiet shift is happening in the Gulf’s dining economy. Premium hospitality is no longer only a downtown story. It is moving into master planned communities where residents live, work, train, and spend seven days a week. South African born Tashas Group is positioning itself right in the middle of that shift with a major growth push across the United Arab Emirates and the wider GCC.

Dubai’s dining scene has become a global crossroads, and African cuisine is increasingly claiming its space within the city’s competitive hospitality landscape. From refined grill rooms to vibrant cultural hubs, African-founded restaurants in Dubai are offering visitors a taste of the continent’s diversity, craftsmanship and hospitality. This holiday season, these destinations stand out for their quality, atmosphere and ability to turn dining into a cultural experience.

Dec 24, 2025 Johannesburg: Koos Bekker, the South African billionaire and long-time chair of Naspers and Prosus, has sold shares in the two companies worth about $136 million, according to regulatory filings published this week. Jacobus Petrus "Koos" Bekker is a South African billionaire businessman, and the chairman of media group Naspers. The sales were carried out by a family trust linked to Bekker over three trading days between December 17 and 19,2025. The money raised

Dec 23, 2025 Rising digital demand and artificial intelligence are driving rapid growth in data center capacity across Africa. Operators are balancing reliability, cost, and sustainability while expanding infrastructure in key markets. Image: OVHcloud / AFP In Africa, as across the world, rising digital connectivity is driving unprecedented demand for data center capacity, a trend expected to accelerate with the growth of artificial intelligence. Consulting firm McKinsey proj

Dec 23,2025 Celebrated Zimbabwean writer and film actor Angeline Dimingo has earned a place in the Narratives Against Poverty in Africa  anthology, a continental literary project that uses storytelling as a tool for social impact. The anthology, spearheaded by the African Narrative Writing Hub, was officially launched at a vibrant ceremony in Gweru, Zimbabwe. Dimingo’s essay, Hope in the Desert , is among several distinguished writings featured in the 2025 edition, reflecting

Munashe Mutsva, Johannesburg, Dec 23  – The South African rand strengthened further against the US dollar on Tuesday morning, supported by record high gold prices and improving domestic economic conditions. Republic of South Africa's bank notes featuring the former and late President Nelson Mandela, were displayed in an office. Reuters/Siphiwe Sibeko. By late afternoon trade in Johannesburg, the rand was quoted at 16.6875 to the dollar, extending gains from the previous sessi

Dzoka Festival turned Harare’s Glamis Arena into a buzzing cultural playground uniting traditional performance, local cuisine, and a pan-regional music lineup to spotlight Zimbabwe’s homecoming tourism vision.

Dec 22, 2025 image : Elumelu Foundation. Dr Awele Vivien Elumelu has been appointed Chair of the Board of Transcorp Hotels Plc, effective January 1, 2026, marking a significant governance transition at one of Nigeria’s most valuable hospitality companies. The appointment places a seasoned healthcare executive and long term investor at the helm of a business central to Nigeria’s premium hospitality landscape. Transcorp Hotels Plc is the hospitality subsidiary of Transnational

Uganda has imposed immediate restrictions on the importation and clearance of Starlink satellite internet equipment, heightening scrutiny over the service as the country approaches its January 2026 general election. The directive, issued by the Uganda Revenue Authority (URA) on December 19, instructs customs officials to block all Starlink technology, including communication devices and related components, unless importers present formal authorisation from the Chief of Defenc