washington pulls the plug on Fable 5 and mythos
Washington cites national security concerns as frontier AI becomes the latest battleground in global technology competition
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Investments
Bayo Ogunlesi Commits about $500 Million Investment in South Africa
Johannesburg— Nigerian billionaire and infrastructure investor Adebayo Ogunlesi has committed approximately $500 million (about R8.3 billion or ₦685 billion) in investment to South Africa, underscoring continued economic ties between Africa’s two largest economies despite recent diplomatic tensions. Ogunlesi, chairman and chief executive of Global Infrastructure Partners (GIP), is regarded as one of Africa’s most influential
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Meta Hit with $381 Million in Damages in Two-State Legal Setback
Los Angeles & New Mexico — Meta, the Silicon Valley tech giant, has suffered significant legal defeats in separate court rulings across two U.S. states. A Los Angeles jury awarded $6 million, while a New Mexico court imposed a $375 million damages order, bringing the total to $381 million. These consecutive verdicts, handed down within
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Nigeria: Fuel Prices Surge Despite Record Reserves as Oil Rally Bites Consumers
Abuja/Lagos — Nigeria is facing a sharp rise in fuel costs even as external reserves climb to a 13-year high, highlighting a growing disconnect between macroeconomic gains and everyday living conditions. Petrol and Diesel Prices Climb Petrol prices have surged to around ₦1,275 per litre and rising, following multiple upward adjustments by the within a
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Adesina Unveils Global Africa Investment Summit to Attract Private Capital
Former African Development Bank (AfDB) President, Dr. Akinwumi Adesina, has announced the launch of the Global Africa Investment Summit (GAIS), a new platform aimed at drawing large-scale private investment into Africa and reshaping how the continent is viewed by global capital markets. The initiative is designed to move Africa away from reliance on aid and
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Critical Minerals and the Return of Thucydides
The defining geopolitical tension of the early 21st century is no longer primarily about territory or ideology. It is about who controls the material foundations of modern power. From lithium and cobalt to rare earth elements and graphite, the struggle over critical minerals has become the quiet axis around which global politics now turns. This
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FirstHoldco Plc Begins Major Restructuring to Drive Long-Term Sustainability
FirstHoldco Plc has announced the commencement of a major rebuilding and restructuring process, acknowledging that the transformation of the financial services group will involve significant operational disruptions as it seeks long-term sustainability and growth. In a statement shared on social media, the Group Chief Executive Officer, Femi Otedola, described the restructuring as a necessary step
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Dangote Advances $2.5bn Fertiliser Project in Ethiopia as OCP Influence Looms
Nigeria’s Dangote Group is moving forward with its planned $2.5 billion fertiliser complex in Ethiopia, a project that could significantly reshape the country’s agricultural input market and alter the competitive balance in East Africa’s fertiliser value chain.The project, signed between Dangote Group and Ethiopian Investment Holdings (EIH), involves the construction of a large-scale urea fertiliser
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Africa Can Drive Global Economic Resilience, Says WTO Chief Okonjo-Iweala
Africa has the potential to reshape global trade and bolster economic resilience, if it moves beyond commodity dependence toward value-added production and deeper integration into global markets, according to Ngozi Okonjo-Iweala, Director-General of the World Trade Organization. Delivering the 2025 Mattei Lecture at the World Bank’s Africa Growth and Opportunity–Research in Action (AGORA) Conference in
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Nigeria’s Gas Giant Axxela Passes to BlueCore After Massive Value Creation
Lagos — Helios Investment Partners and Japanese trading firm Sojitz have completed the sale of their equity stake in Axxela to BlueCore Investment Group, marking the latest chapter in the evolution of one of Nigeria’s most prominent indigenous gas infrastructure companies. This was disclosed by Wale Tinubu, the Group Chief Executive of OANDO The transaction
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