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Breaking News Today – Thursday 29 January 2026
Business News Today Major Tech Results Out Driving Share Price Moves Several of the Major Tech groups released their results yesterday with a mixed bag of responses from the market. Meta crushed Q4 expectations with 24% revenue growth to around $56-60B, driven by AI-boosted ad targeting. Shares jumped 7-10% in after-hours/extended trading. Zuckerberg called
Omoda and Jaecoo South Africa Posts 147% Sales Growth in 2025
Omoda and Jaecoo South Africa reported its strongest local sales performance to date in 2025, delivering a combined 12,597 vehicles during the year and recording a 147% increase compared with 2024. The result shows the continued build-up of the Chery-backed brand in the South African market, supported by growing awareness and steady demand across both
Tanzania Weighs Gold Reserve Sale to Fund Infrastructure As Aid Declines
Tanzania is weighing the sale of part of its gold reserves to finance infrastructure projects, Planning and Investment Minister Kitila Mkumbo said on Monday during a visit to London. The proposal follows instructions from President Samia Suluhu Hassan to the central bank. The government is seeking alternatives as external funding declines. “Traditional development aid to
AI Developments in Africa in 2026: Will Africa Transcend into Mainstream AI Developments?
In 2026, the global artificial intelligence (AI) landscape is a whirlwind of innovation and investment, projected to reach a market value of $826 billion by 2030, according to Statista. Massive capital flows into data centers, energy infrastructure, and processor manufacturing are driving economic growth in developed nations and select emerging economies like India and Southeast
Libya Considers Second Oil Licensing Round as Investor Interest Grows
Libya is considering a second oil licensing round after strong interest from international energy companies in its current tender, according to local media reports. Oil and Gas Minister Khalifa Abdulsadek outlined the plan during the Libya Energy and Economic Summit 2026, held in Tripoli from January 24 to January 26. Second licensing round under consideration
Has Training Kept Pace With AI-Driven Mining Jobs for Women in Africa?
Women in Africa’s mining sector are training for roles that barely existed on most mine sites a decade ago. Operations now rely on sensor networks, remote monitoring rooms, and software that tracks everything from drill performance to ore quality. As a result, the skills required on site have changed significantly. New technical roles are emerging
Amazon expands visual search shopping to South Africa
Amazon has launched Amazon Lens for South African users, giving shoppers a new way to search for products using images instead of text. The feature lets users find items by uploading photos, screenshots, or scanning barcodes directly in the Amazon Shopping app. How Amazon Lens works Amazon Lens uses image recognition to identify products or
Breaking News Today – Wednesday 28 January 2026
Business News Today EU India Trade deal Lifts Euro against The US Dollar The euro climbed above $1.19, its strongest level since June 2021, supported by broad dollar weakness and the recently finalized EU–India landmark trade agreement. The deal, covering a quarter of global GDP, establishes a free trade zone spanning two billion people
Business School – Creating a Customer-Centric Business in Africa in 2026
Strategies to Prioritise User Experience In 2026, Africa's business landscape is booming, with the continent projected to host more high-growth economies than any other region, according to the IMF. Small businesses, which form the backbone of African economies, are at the forefront of this expansion, contributing significantly to GDP and employment. However, amid rising competition,
Crypto's 2025 Boom and the 2026 Cool-Down: Gold Takes the Spotlight
The global cryptocurrency market experienced one of its most explosive years in 2025, propelled by regulatory clarity, institutional adoption, and a pro-crypto political shift in the United States. Bitcoin soared to all-time highs above $111,000 (and briefly touched $126,000 in some peaks), while the total market capitalisation ballooned to nearly $4 trillion. Corporate Adoption Underpinned
Breaking News Today – Tuesday 27 January 2026
Business News Today Rand Rally Continues on Commodity Uptick The South African rand continued to strengthen to reach below 16 per USD briefly this morning, the best level since June 2022, driven by record prices for key exports including gold, silver, platinum, and palladium. The currency has risen by more than 3% against the
No Free Lunch Podcast – Tenders and the Tender Stigma
In this conversation with Jedd Harris on the "No Free Lunch" podcast, hosted by Business Tech Africa's Editor Greg Stewart, is centred around the complexities and opportunities within the tender system in South Africa. Jedd Harris, Chief Strategy Officer at Sourcefin, highlights the stigma associated with tenders, often seen as riddled with corruption and maladministration,
Zahid Group completes Barloworld buyout
Saudi Arabia’s Zahid Group has completed its acquisition of South African industrial heavyweight Barloworld, closing a R23 billion ($1.3 billion) deal that takes the 123-year-old company private. A consortium anchored by Zahid through its subsidiary Gulf Falcon Holding finalised the transaction in January 2026 after securing the remaining outstanding shares through a compulsory squeeze-out. Barloworld
Angola restarts local vehicle assembly in Luanda with Opaia Motors
Opaia Motors has opened Angola’s first fully active vehicle assembly plant in Luanda Angola, bringing local vehicle production back after years of inactivity. The project is being driven by the privately owned Opaia Group, a Luanda-headquartered conglomerate best known for infrastructure development. Opaia says the new facility strengthens Angola’s automotive manufacturing base and supports the
Nissan Sells SA’s Rosslyn Plant to Chinese Automaker Chery
Nissan’s long-running manufacturing chapter in South Africa is coming to an end after the company agreed to sell its Rosslyn assembly plant outside Pretoria to China’s Chery Automobile. Once the transaction is completed, vehicle production at Rosslyn will stop and Nissan will shift to an import-only model in the country, closing a near 60-year period
Gold's Unprecedented Bull Run: Drivers, Projections, and Africa's Golden Opportunity in 2026
Gold has etched its name into financial history once again, surging to a fresh all-time high of $5,074 per ounce on January 26, 2026, before settling around $4,988 amid volatile trading. This marks a staggering 17.27% year-to-date (YTD) gain from its end-2025 close of approximately $4,250, and an eye-watering 85.35% year-over-year (YoY) increase from early
Breaking News Today – Monday 26 January 2026
Business News Today Big Week of Market Data ahead The final week of January is anticipated to be a pivotal one for the global economy, featuring major earnings results, monetary policy decisions, and data releases from the largest players. The Federal Reserve will have its first policy decision of the year amid increasingly contrasting
New Volvo EX60 Goes Official, SA Market Confirmed
Volvo is entering the premium electric SUV space with the new EX60, a midsize battery-electric model built on the SPA3 Scalable Product Architecture 3 platform. The range will launch with three variants P6, P10 AWD and P12 AWD giving buyers a choice between rear-wheel drive and dual-motor all-wheel drive. Volvo is also placing a strong
Rwanda (RAB) Imports German Dairy Bulls to Boost Artificial Insemination Programme
Rwanda National Agricultural and Animal Resources Development Board (RAB) has received an initial shipment of 10 Holstein-Friesian dairy bulls from Germany as it works to raise herd performance and lift milk output. The animals arrived on January 21, and RAB will route them into the national breeding programme through artificial insemination. RAB expects a second
Mesh vs. Repeaters vs. Extenders: Choosing the Best Wi-Fi Solution for Your Fibre Connection
Even with a high-speed fibre line, many homes and small businesses in South Africa experience frustrating issues: buffering during video calls, laggy Zoom meetings, dropped connections in far rooms, or weak signals in the back office. Fibre delivers fast internet to your premises via the Optical Network Terminal (ONT), but the real performance depends on