A relatively little-known British AI infrastructure startup, Fluidstack, has reached a valuation of about US$18 billion, highlighting the enormous amount of capital flowing into the AI data-center industry. Fluidstack began as a service that helped researchers access unused computing capacity. It has since evolved into a company focused on building and operating large-scale AI data-center…
The Japanese yen strengthened sharply against the US dollar on Thursday as financial markets increased expectations that the Bank of Japan (BOJ) could raise interest rates later this month. The yen climbed to around 155.6 per US dollar, marking its strongest level in about a month. The move followed a nearly 1% gain in the…
A long-running controversy over the Democratic Republic of Congo’s biometric passport system has entered a potentially decisive phase after a Brussels court ordered Belgian biometrics company Semlex and 13 other defendants to stand trial over allegations including corruption, money laundering and tax fraud, Reuters reported. The decision by Brussels’ Council Chamber on Monday marks a…
Zambia’s President Hakainde Hichilema has begun a second term in office, but the ceremony that should have marked another step in the country’s democratic journey instead exposed deep questions about the strength of its institutions. According to Reuters, Hichilema was sworn in on Tuesday after winning the August 13 presidential election, securing a fresh mandate…
Senegal’s return to the International Monetary Fund for a new $2.2 billion financing package may offer the country a route back to fiscal stability, but the agreement also exposes how deeply the government’s undisclosed borrowing has damaged investor confidence. The three-year loan arrangement, reached at staff level on Tuesday, comes after months of difficult negotiations…
The Agenda 111 hospital project in the Nanton District of the Northern Region has remained abandoned and incomplete, years after construction works commenced under the previous NPP government’s nationwide hospital infrastructure programme. The proposed 100-bed district hospital, which was expected to improve access to healthcare for residents of Nanton and surrounding communities, had reached about…
The decision by the US House of Representatives to extend the African Growth and Opportunity Act (AGOA) for another two years has given African economies a temporary reprieve, but it has not resolved the deeper uncertainty surrounding Washington’s long-term commercial relationship with the continent. The short-term government funding bill, reportedly approved by the House in…
Chinese President Xi Jinping’s arrival in Egypt has taken on significance far beyond the symbolism of a state visit. His first trip to the Arab world’s most populous country in a decade comes at a moment when governments across the Middle East are reassessing their security partnerships, economic dependencies and diplomatic options following the fallout…
Libya’s fractured political establishment has taken another step towards ending the country’s prolonged transitional crisis after representatives of rival factions signed an agreement committing them to holding presidential and parliamentary elections within two years. The deal, reportedly signed on Sunday at the United Nations Support Mission in Libya (UNSMIL) headquarters in Tripoli, seeks to revive…
Veteran Kumawood actress Kyeiwaa, known privately as Rose Akua Attaa Mensah, has been spotted working at a car dealership in the United States. The actress appeared in a TikTok video shared by Diamond Auto Dealership, a company that sells vehicles and provides shipping services from the US to Ghana. In the video, Kyeiwaa wore a…
