Welcome to Next Africa, a daily newsletter on where the continent stands now — and where it’s headed. Sign up here to have it delivered to your email. In today’s edition, we look at the close ties Russia is forging with Madagascar’s military government. And: A new rail link in Zambia may cost as much as $5 billion FirstRand plans to exit its UK motor-finance business South Africa formally accredit...
Welcome to Next Africa, a daily newsletter on where the continent stands now — and where it’s headed. Sign up here to have it delivered to your email. In today’s edition, we look at the close ties Russia is forging with Madagascar’s military government. And: A new rail link in Zambia may cost as much as $5 billion FirstRand plans to exit its UK motor-finance business South Africa formally accredits a new US ambassador Russia Woos Madagascar In a move straight out of Russia’s Africa playbook , the Kremlin has moved swiftly to court Madagascar’s new military rulers. Without the financial firepower to match its geopolitical rivals — the US, China and the European Union — Russia has focused on befriending fragile states. It’s propped up regimes in the Central African Republic, Burkina Faso, Mali and Niger, providing protection to their leaders and broader military assistance. After Colonel Michael Randrianirina seized power in Madagascar in October amid protests over water and power shortages, Russia sent soldiers and weapons to bolster the presidential guard. It has since dispatched helicopters , armored cars and aid to the island nation. Randrianirina travelled to Moscow for talks with Russian President Vladimir Putin on his first overseas trip — a break from the tradition of prioritizing a meeting with the leader of France, the colonial-era power. At a recent ceremony to mark the arrival of a Russian consignment of food and equipment, he described Putin as “my brother.” The newfound closeness between Antananarivo and Moscow, which barely have a trade relationship, is alarming France. Madagascar may be impoverished, but it lies on the Mozambique Channel, through which almost a third of the world’s crude oil is shipped. It also has deposits of key critical metals and minerals like cobalt and graphite. Randrianirina says his foreign policy is aimed at forging both new relationships and strengthening old ones. France and its allies may be inclined to disagree. What’s Eve...
Billionaire investor and philanthropist Ray Dalio has called the US-China relationship the single most critical factor for global well-being, as the war on Iran shakes the world order and leaders of the two superpowers prepare to meet next month. Strong ties between Beijing and Washington could unlock immense progress for humanity, while bad relations could cause catastrophic damage, Dalio warned ...
Billionaire investor and philanthropist Ray Dalio has called the US-China relationship the single most critical factor for global well-being, as the war on Iran shakes the world order and leaders of the two superpowers prepare to meet next month. Strong ties between Beijing and Washington could unlock immense progress for humanity, while bad relations could cause catastrophic damage, Dalio warned at an event for his non-profit ocean exploration initiative OceanX in Shanghai on Wednesday. “We are...
Zacks.com users have recently been watching Baidu Inc. (BIDU) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Zacks.com users have recently been watching Baidu Inc. (BIDU) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Advanced Micro (AMD) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Advanced Micro (AMD) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Alphabet (GOOGL) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Alphabet (GOOGL) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Microsoft and Publicis Groupe expand their strategic partnership to power the future of agentic marketing for businesses worldwide Together the companies are building an AI-powered marketing solution that will unlock creativity, accelerate innovation, and empower customers to lead the future of marketing REDMOND, Wash., and PARIS — April 8, 2026 — Ten years after co-creating Marcel, an innovative ...
Microsoft and Publicis Groupe expand their strategic partnership to power the future of agentic marketing for businesses worldwide Together the companies are building an AI-powered marketing solution that will unlock creativity, accelerate innovation, and empower customers to lead the future of marketing REDMOND, Wash., and PARIS — April 8, 2026 — Ten years after co-creating Marcel, an innovative AI platform, Microsoft and Publicis Groupe announce the expansion of their strategic partnership to
PORTLAND, Ore., April 08, 2026--LegitScript, the leader in merchant and product certification and monitoring in the advertising, e-commerce, and payment sectors, today announced an expanded partnership with Google to certify pharmacies in India and telemedicine providers in New Zealand. The policy update allows eligible businesses to advertise on Google Ads using LegitScript Healthcare Certificati...
PORTLAND, Ore., April 08, 2026--LegitScript, the leader in merchant and product certification and monitoring in the advertising, e-commerce, and payment sectors, today announced an expanded partnership with Google to certify pharmacies in India and telemedicine providers in New Zealand. The policy update allows eligible businesses to advertise on Google Ads using LegitScript Healthcare Certification, and LegitScript-certified organizations will be able to apply for Google certification once the
JHVEPhoto/iStock Editorial via Getty Images Previewing TSMC's Upcoming Earnings My previous article on Taiwan Semiconductor Manufacturing Company Limited ( TSM ) came out in mid-January 2026 with a “Buy” rating—I was previewing the Q4 earnings, seeing great odds that the print would have brought another rally acceleration, which indeed happened, but only for the short term. TSM went up after that ...
JHVEPhoto/iStock Editorial via Getty Images Previewing TSMC's Upcoming Earnings My previous article on Taiwan Semiconductor Manufacturing Company Limited ( TSM ) came out in mid-January 2026 with a “Buy” rating—I was previewing the Q4 earnings, seeing great odds that the print would have brought another rally acceleration, which indeed happened, but only for the short term. TSM went up after that earnings print but then lost most of its gains as the macro/geopolitical landscape changed. Anyway, TSM has managed to outperform the S&P 500 index ( SP500 ) since January, which is nice to see amid the meltdown in most mega-cap names on a YTD basis. Seeking Alpha, Oakoff's coverage of TSM We're approaching yet another earnings update from Taiwan Semiconductor— according to Seeking Alpha , the firm reports for its Q1 2026 next week, on April 16th, 2026: Seeking Alpha, TSM As you can see, all analysts covering the stock upgraded their estimates for Q1 after they saw the Q4 numbers and heard the guidance. Indeed, the previous print looked quite bullish, even historic in some regard. The consolidated revenues came in at $33.73 billion (+25.5% YoY), beating the management's own guidance of $32.20 billion and also exceeding the consensus estimate by over $400 million (by 1.23%). The gross margin was at 62.3%, which was 1.3% above the high end of the guidance, and it helped the EBIT margin climb to 54% (+3.4% in a single quarter). The net margin was at 48.3%, which is extraordinary for a chip manufacturing company of this scale, in my opinion. The resulting adjusted EPS of $3.14 (+40.1% YoY), according to Seeking Alpha , beat the consensus by 5.53%, continuing the winning streak: Seeking Alpha, TSM HPCs, high-performance computing chips, started to account for 55% of the total net revenues, up 48% on a YoY basis. The advanced tech, such as 7nm (and below 7nm), now accounts for 77% of total wafer revenue, while the 3nm node alone contributes 28% of Q4 sales. It's very important be...
ISerg/iStock via Getty Images The temptation always exists to reach for high yield as a source of income and a buffer against volatility. But the yield you see is not always the yield you get. Companies can and will cut their dividends at any time, though they generally avoid doing so as long as possible. Even in the best of times, there are always mousetrap REITs. These companies offer alluringly...
ISerg/iStock via Getty Images The temptation always exists to reach for high yield as a source of income and a buffer against volatility. But the yield you see is not always the yield you get. Companies can and will cut their dividends at any time, though they generally avoid doing so as long as possible. Even in the best of times, there are always mousetrap REITs. These companies offer alluringly high dividend yields, but in reality, those yields often turn out to be an illusion. In fact, sometimes the reason the yield is so high is precisely because the company is doing poorly, and shares have sold off, but the dividend cut hasn't happened yet. And let's face it. These are not the best of times. All the capital markets are jittery over the unknowns surrounding the war on Iran. Meanwhile, the International Energy Agency (IEA) says that the cumulative impact of the damage already done to energy assets will be worse than the two oil shocks of the 1970s and the Russia-Ukraine gas crisis combined. Oil prices, interest rates, and inflation are likely to remain persistently higher for longer. The last thing you want to do is get caught holding a mousetrap in such a scenario. Identifying Mousetraps is a great way to avoid underperformance. I published a similar list last April and another last October . However, the list has changed, and it's always a good idea to check again periodically to make sure your portfolio is free of mousetraps. The group of Mousetraps I identified in December of 2023 lost (-6.54)% on average in 2024, while the average REIT gained 14.40%. So those Mousetraps underperformed by a whopping 2094 bps (basis points) over the ensuing 12 months. The Mousetraps I identified in August of 2024 lost an average of (-8.17)% in total return, while the average REIT gained 1.41%, for a total underperformance of 958 bps. Here's how the April 2025 mousetraps have fared over the past 12 months: Ticker Open Close Gain YAP Div. Pd YOC Tot Return ( BDN ) $3.90 $2.64 (...
JHVEPhoto/iStock Editorial via Getty Images Previewing TSMC's Upcoming Earnings My previous article on Taiwan Semiconductor Manufacturing Company Limited ( TSM ) came out in mid-January 2026 with a “Buy” rating—I was previewing the Q4 earnings, seeing great odds that the print would have brought another rally acceleration, which indeed happened, but only for the short term. TSM went up after that ...
JHVEPhoto/iStock Editorial via Getty Images Previewing TSMC's Upcoming Earnings My previous article on Taiwan Semiconductor Manufacturing Company Limited ( TSM ) came out in mid-January 2026 with a “Buy” rating—I was previewing the Q4 earnings, seeing great odds that the print would have brought another rally acceleration, which indeed happened, but only for the short term. TSM went up after that earnings print but then lost most of its gains as the macro/geopolitical landscape changed. Anyway, TSM has managed to outperform the S&P 500 index ( SP500 ) since January, which is nice to see amid the meltdown in most mega-cap names on a YTD basis. Seeking Alpha, Oakoff's coverage of TSM We're approaching yet another earnings update from Taiwan Semiconductor— according to Seeking Alpha , the firm reports for its Q1 2026 next week, on April 16th, 2026: Seeking Alpha, TSM As you can see, all analysts covering the stock upgraded their estimates for Q1 after they saw the Q4 numbers and heard the guidance. Indeed, the previous print looked quite bullish, even historic in some regard. The consolidated revenues came in at $33.73 billion (+25.5% YoY), beating the management's own guidance of $32.20 billion and also exceeding the consensus estimate by over $400 million (by 1.23%). The gross margin was at 62.3%, which was 1.3% above the high end of the guidance, and it helped the EBIT margin climb to 54% (+3.4% in a single quarter). The net margin was at 48.3%, which is extraordinary for a chip manufacturing company of this scale, in my opinion. The resulting adjusted EPS of $3.14 (+40.1% YoY), according to Seeking Alpha , beat the consensus by 5.53%, continuing the winning streak: Seeking Alpha, TSM HPCs, high-performance computing chips, started to account for 55% of the total net revenues, up 48% on a YoY basis. The advanced tech, such as 7nm (and below 7nm), now accounts for 77% of total wafer revenue, while the 3nm node alone contributes 28% of Q4 sales. It's very important be...
Firefly’s AI software will run on NVIDIA Jetson module onboard Elytra spacecraft in lunar orbit to enable faster data-driven insights from the Moon CEDAR PARK, Texas, April 08, 2026 (GLOBE NEWSWIRE) -- Firefly Aerospace (Nasdaq: FLY), a market leading space and defense technology company, today announced a collaboration with NVIDIA to enable rapid on-orbit processing in lunar orbit for Firefly’s O...
Firefly’s AI software will run on NVIDIA Jetson module onboard Elytra spacecraft in lunar orbit to enable faster data-driven insights from the Moon CEDAR PARK, Texas, April 08, 2026 (GLOBE NEWSWIRE) -- Firefly Aerospace (Nasdaq: FLY), a market leading space and defense technology company, today announced a collaboration with NVIDIA to enable rapid on-orbit processing in lunar orbit for Firefly’s Ocula Moon imaging service. As part of the collaboration, an NVIDIA Jetson module was embedded on hig
New Arcot Smart Ruleset Revolutionizes the Future of Payment Authentication with Adaptive Intelligence, Precise Transaction Decisioning, and Auto-Regulatory CompliancePALO ALTO, Calif., April 08, 2026 (GLOBE NEWSWIRE) -- Broadcom Inc. (NASDAQ: AVGO), a global technology leader that designs, develops and supplies semiconductor and infrastructure software solutions, today announced the Arcot Smart R...
New Arcot Smart Ruleset Revolutionizes the Future of Payment Authentication with Adaptive Intelligence, Precise Transaction Decisioning, and Auto-Regulatory CompliancePALO ALTO, Calif., April 08, 2026 (GLOBE NEWSWIRE) -- Broadcom Inc. (NASDAQ: AVGO), a global technology leader that designs, develops and supplies semiconductor and infrastructure software solutions, today announced the Arcot Smart Ruleset, an adaptive 3-D Secure (3DS) ruleset engine powered by machine learning. The Arcot Smart Rul
Tractive’s new cat tracking collar is available in three colors. | Image: Tractive After acquiring its competitor Whistle from Mars Petcare nearly a year ago, Tractive is introducing two new pet trackers today. The Cat 6 Mini features a sleeker design than Tractive's current smart cat tracker and monitors additional vital signs. The Dog 6 XL, specifically designed for larger breeds, is now lighter...
Tractive’s new cat tracking collar is available in three colors. | Image: Tractive After acquiring its competitor Whistle from Mars Petcare nearly a year ago, Tractive is introducing two new pet trackers today. The Cat 6 Mini features a sleeker design than Tractive's current smart cat tracker and monitors additional vital signs. The Dog 6 XL, specifically designed for larger breeds, is now lighter and more durable with improved battery life. Both the $79 Cat 6 Mini and $89 Dog 6 XL trackers are available starting today through the company's online store and other retailers in multiple colors - beige, black, and purple for the cat's and beige and black for the dog's. Each also requires a subscription. The Basic Plan, which … Read the full story at The Verge.
It's a weird time at Xbox. Microsoft's gaming division is under new management , with its current leadership intent on what it describes as " a renewed commitment to Xbox ." But given that no one really knows what an Xbox is at this point , that could mean many things. What Xbox needs is a game to signal to players what the brand is really about, and what it is actually committing to. What Xbox ne...
It's a weird time at Xbox. Microsoft's gaming division is under new management , with its current leadership intent on what it describes as " a renewed commitment to Xbox ." But given that no one really knows what an Xbox is at this point , that could mean many things. What Xbox needs is a game to signal to players what the brand is really about, and what it is actually committing to. What Xbox needs is more games like Forza Horizon 6 , which is coming at exactly the right time. The open-world racing game launches next month , but I recently had the chance to play a preview version to get a sense of what to expect. Even with just a brief taste of … Read the full story at The Verge.
Altruist Biologics, an Innovent Biologics subsidiary and world-class contract development and manufacturing organization (CDMO), announced that its Hangzhou facility was granted the Drug Product Manufacturing License (C Certificate) from the Chinese National Medical Products Administration (NMPA). This is the first certificate awarded to a 20,000-liter scale biologics manufacturing facility in Chi...
Altruist Biologics, an Innovent Biologics subsidiary and world-class contract development and manufacturing organization (CDMO), announced that its Hangzhou facility was granted the Drug Product Manufacturing License (C Certificate) from the Chinese National Medical Products Administration (NMPA). This is the first certificate awarded to a 20,000-liter scale biologics manufacturing facility in China, confirming that its quality systems, GMP facilities, and technologies meet the rigorous requirem
mpalis/iStock via Getty Images Citi analysts on Wednesday upgraded Clean Harbors ( CLH ) to Buy from a previous investment rating of Neutral, arguing that improving U.S. chemicals production could drive stronger demand for hazardous waste disposal. The report by analyst Bryan Burgmeier highlights that rising output, partly offsetting disruptions in the Middle East, could create more waste streams ...
mpalis/iStock via Getty Images Citi analysts on Wednesday upgraded Clean Harbors ( CLH ) to Buy from a previous investment rating of Neutral, arguing that improving U.S. chemicals production could drive stronger demand for hazardous waste disposal. The report by analyst Bryan Burgmeier highlights that rising output, partly offsetting disruptions in the Middle East, could create more waste streams for Clean Harbors’ environmental services segment. This business is already the company’s most profitable, with exposure to chemicals making up a meaningful share of revenue. Higher complexity waste, especially from chemical production, typically commands premium pricing and could boost margins beyond current company guidance. Earnings outlook moves higher Citi increased its financial forecasts, now expecting 2026 earnings before interest, taxes, depreciation and amortization to reach about $1.3 billion, above company guidance. Free cash flow estimates were also lifted to roughly $566 million. The analysts see environmental services performing at the high end of expectations, supported by volume growth and pricing gains. They also expect the Safety-Kleen segment to benefit from higher oil prices, which tend to lift margins on recycled base oils and lubricants. Oil and pricing trends support Safety-Kleen Stronger crude prices and tight supply in base oils are expected to improve profitability in the company’s oil re-refining business. Citi now projects a sharp increase in segment earnings, with gains building through the year as pricing flows through to results. Supply constraints in global energy markets, including disruptions tied to Middle East tensions, are also supporting higher prices for refined products and lubricants. That dynamic could further enhance returns in this segment. Stock seen lagging peers despite favorable setup Citi argues that Clean Harbors ( CLH ) shares have not kept pace with a recent rally in U.S. chemical stocks. Chemical companies have surged in...