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Uganda Identifies New Oil Deposits in Kasuruban Block
Uganda’s state owned oil company has announced a significant discovery that could influence the country’s long-term energy outlook. The Uganda National Oil Company (UNOC) confirmed it has identified nine potential oil wells in the Kasuruban block, with early assessments indicating about 600 million barrels of recoverable crude. The Kasuruban block spans 1,285 square kilometres in
Breaking News Today – Tuesday 2 December 2025
Business News Today South African Currency Showing Resilience The South African rand traded around the 17.1 per USD mark, near its best level since mid-November. Year-to-date, the Rand (ZAR) has appreciated by over 8% against the USD, recovering from highs near 19.74 earlier in 2025. This was supported by a softer dollar as well as
No Free Lunch Podcast – AI Readiness And Right-Sizing your AI
In a topical discussion with Andrew Bourne on the "No Free Lunch" podcast, the focus was on AI readiness and data maturity. Greg Stewart, the host, introduced Andrew Bourne from Zoho, highlighting Zoho's unique approach to AI. Unlike many companies, Zoho is not primarily an AI company but a software development firm that has developed
Wise Secures Regulatory Go Ahead for South African Market Entry
Global fintech firm Wise has secured conditional approval from the South African Reserve Bank (SARB). The licence allows Wise to operate as a Category 2 Authorised Dealer in Foreign Exchange with Limited Authority. This approval brings Wise closer to its South African launch and is the company’s first licensed market in Africa. Cross-Border Payments Market
Why Africa’s Job Statistics Start with Small Businesses
Africa’s employment arithmetic begins long before national agencies convert reality into reports. The continent’s job statistics originate in small businesses because hiring momentum is set by proximity to demand. Growth reflects daily commerce, service pressure, supply expectations, maintenance cycles, deliveries, sales, and the improvisational endurance of founders who expand patiently, incrementally, and often invisibly. Small
Immobazyme Raises R50 Million to Scale Biologics Platform
Cape Town, South Africa — December 1st, 2025 — Immobazyme, the stand-out Bio-tech company in South Africa who have been building scalable, cost-effective biologics, has secured an additional R25 million in funding, bringing its total capital raised to R50 million. The round was led by the University Technology Fund (UTF II), with participation from Fireball Capital
Google.org Partners with JA Africa on Child Online Safety Training
Junior Achievement (JA) Africa on Wednesday launched a digital literacy and online safety program in Ghana, Kenya, Nigeria, and South Africa. The organisation said the move responds to increasing online risks for children who already live in mobile-first digital spaces. JA Africa aims to arm young learners with practical internet safety skills. It said access
Breaking News Today – Monday 1 December 2025
Business News Today Retail Sales Spike on Black Friday Deals in South Africa Black Friday 2025, marked a strong uptick in consumer spending across South Africa, with preliminary data indicating a clear increase from 2024, despite economic pressures like inflation and high living costs. ABSA bank forecasted and confirmed a 10% year-on-year growth in card
Seriti Green Hands over Vunumoya Main Transmission Station to Eskom
Seriti Green has handed over the Vunumoya Main Transmission Station (MTS) to Eskom through NTCSA, the state-owned operator that runs grid integration and power wheeling. The R1-billion station took 18 months to build and now anchors Mpumalanga’s expanding wind and solar grid corridor. The MTS is already carrying 155 MW from the Ummbila Emoyeni One
No Free Lunch – The Intra African Trade Dream
Interview with Adam Molai – Africa Trade Engine Founder In probably one of the most important discussions I have had on No Free Lunch, I spoke with The Adam Molai The Chairmen and co-founder of Africa Trade Engine about where the opportunities for growing intra-African trade and industrialisation opportunities lie. The interview delves into the
Founder Fridays: Lifeway Imphato Brands (LIB FOODS)
South African consumers spend more than R600 billion annually on food and non-alcoholic beverages. Yet, shelves still lean on imported and acid-heavy drink options. In Townships, convenience buying dominates and healthier options compete with sharp sodas and fast alcohol demand. Entrepreneur and Founder Patrick Thokkie is rewriting that balance. As the founder of LIB Food
THE MINING WRAP
Barrick Mining has finally reached a binding settlement with the Government of Mali, ending a two-year dispute over the Loulo-Gounkoto gold complex. The settlement totals 244 billion CFA francs About US$430 million. As part of the agreement: Ivanhoe Mines completed the ramp-up of a 178-MW turbine at the Inga II hydropower plant, with initial power
Africa's Commodity Crossroads: Boom, Barriers, and the Battle for Mining's Future
The 2025 Commodity Surge: Winners and Laggards 2025 has been a banner year for commodities, propelled by geopolitical tensions, central bank gold hoarding, and the unrelenting march of the green energy transition. Precious metals have dominated this growth trajectory in 2025, with platinum and silver posting explosive gains amid safe-haven demand and industrial rebounds. Critical
Breaking News Today – Friday 28 November 2025
Business News Today Exxaro Resources Expands its Energy Assets JSE listed mining group, Exxaro Resources, has entered into binding agreements with Acciona Energía to acquire majority interests in two fully operational renewable energy assets. The assets are the 138 MW Gouda Wind Farm in the Western Cape as well as the 75 MW Sishen Solar generation
Machine Learning in Modern African Mining Operations
Mines today sound nothing like the mines of 20 years ago machine learning is now part of the conversation. There’s less guesswork, more data, and a growing expectation that decisions should be backed by something measurable not just experience or instinct. Across the continent, sensors, fleet systems, drone surveys, drill logs, plant metrics, and underground
Finding clarity in the multicloud maze
Picture a transport hub at rush hour. Trains from different lines arrive, buses jostle for space, and passengers criss-cross between platforms. Without clear signals and coordinated timetables, the entire system grinds to a halt. For many CIOs, this image is uncomfortably close to how their multicloud environments operate. Each platform may have been chosen for
Vodacom Clears Maziv Stake Deal After Four Years
Vodacom has cleared its final regulatory hurdle in the company’s long and difficult effort to acquire a 30% stake in Maziv. The deal, first signed in 2021, stalled repeatedly while regulators reviewed competition and ownership concerns. On Wednesday, Vodacom confirmed that Icasa, South Africa’s communications regulator, has approved the transaction. With every condition now met,
Breaking News Today – Thursday 27 November 2025
Business News Today Vodacom -Massiv Deal Finalised Vodacom can finally move ahead with the acquisition of a 30% co-controlling stake in Maziv, the holding company that houses Vumatel and Dark Fibre Africa. This after the transaction now has received approval from communications regulator ICASA. For Vodacom, the transaction marks a key strategic move with the
The Decline in Illicit Crypto Use
New independent data from Chainalysis and TRM Labs shows that illicit crypto activity on centralised exchanges has dropped to historic lows, signalling a new era of maturity for the industry. As of June 2025, the seven largest exchanges recorded just 0.018–0.023% of total activity linked to illicit addresses — a sharp decline from levels seen two years
Africa Digital Assets Report 2025: Key Trends and Takeaways
The Africa Digital Assets Report 2025, published by Absa Corporate and Investment Banking, is a timely analysis aligning with Africa's current financial evolution. The benchmark study, the first of it's kind, dissects the maturation of digital assets from fringe speculation to institutional cornerstone, amid Africa's burgeoning tech ecosystem. The report underscores a central thesis: the