South Africa is exploring a potential workaround to its Black economic empowerment rules to attract investments from Elon Musk’s companies. Under current regulations, firms that wish to operate in the country must allocate at least 30% of their operations to Black locals. However, government officials are considering an “equity equivalent” option—potentially in the form of… Read More »South Africa Considering Exempting Musk from Black Ownership Rules
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In 2023, remittances to Africa reached $100 billion, surpassing both foreign aid and direct investment. This highlights the growing importance of diaspora contributions […]
The Gash Barka Region Assembly held its 22nd regular meeting on 23 January in Barentu. During the meeting, the Assembly expressed its readiness […]