Africa Finance Corporation Plans $3b Investment Next Year

President Donald Trump's withdrawal from the OECD minimum 15% global tax deal could potentially harm Africa, impacting efforts to curb multinational tax avoidance practices that have led to significant financial losses on the continent. Trump's executive order threatens protective measures against foreign countries that tax US companies, raising concerns about sovereignty and retaliatory tax regimes. The OECD global tax deal aims to ensure large multinationals pay a minimum level of tax in all jurisdictions, potentially...

ITHUBA, the operator of the National Lottery, announces a record-breaking PowerBall jackpot of R100m for the draw on January 24, 2025. Participants can purchase tickets from various platforms for R5 per board, with the CEO expressing excitement for potential life-changing rewards. Ticket sales close at 20:30 on the draw date, and players must be 18 or older to participate. Full Article

Donald Trump's second term as US president presents a complex landscape for Africa, with some Africans optimistic about strengthening partnerships and conservative values alignment, while others remain skeptical due to his limited engagement and controversial policies. Concerns arise from Trump's withdrawal from the WHO, potentially weakening Africa's healthcare systems, and his lack of interest in extending the AGOA, which could impact trade relations with the continent. Critics question Trump's commitment to Africa, highlighting his past...

Rebels in the Democratic Republic of Congo, backed by Rwanda, have surrounded Goma, escalating a long-standing conflict in the region. M23 fighters have captured key towns and are advancing towards the provincial capital, causing mass displacement and violence. The rebels aim to establish control, exploit valuable resources, and have committed severe human rights abuses, leaving thousands wounded and displaced. Full Article

In 2020, Christopher Tosi closed his retail business due to the Covid-19 pandemic and embarked on a three-week road trip from Cape Town to Kruger National Park. The trip turned into an 86-day adventure, during which he discovered a passion for wildlife photography and gained a significant following on social media through his blog, #86daysinKruger. Full Article

The CAF held a regional Anti-Doping Workshop in Johannesburg for COSAFA Medical Doctors to combat doping in African football, following a successful session in Burkina Faso. Attendees were trained on the FIFA and CAF MODOC System to improve Doping Control testing and were educated on Anti-Doping measures and prohibited substances. CAF's Senior Manager emphasized the importance of training DCOs to use the MODOC System effectively and ensure the growth of African football. Full Article