Oluwatosin Alao

800 Articles

World Bank’s Banga pushes G20 to fast-track Senegal’s debt restructuring

Senegal is seeking a faster G20 debt restructuring as World Bank President Ajay Banga backs President Faye’s push to reorganize its debt.

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India eyes Nigerian oil as It targets $15 billion trade revival

India is pushing to revive Nigerian crude purchases as both countries seek to rebuild bilateral trade from $7.13 billion toward its $15 billion peak.

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South Africa’s Sasol signs fuel deal for polar flights

Sasol signs Africa’s first commercial SAF supply deal with White Desert, powering Antarctica flights as South Africa expands sustainable aviation fuel.

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Afreximbank targets $5.18 billion in Angola oil and gas opportunities

Afreximbank is targeting $5.18 billion in Angola oil and gas projects as the country pushes for greater local ownership and investment.

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Seychelles, Mauritius deepen economic ties beyond trade

Seychelles and Mauritius are expanding economic ties into investment, fisheries, agriculture and services as bilateral trade remains modest.

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Woolworths expands food business with new NOW NOW outlet in South Africa

Woolworths expands its NOW NOW food business with a new Somerset Mall outlet, taking its fast-casual concept to 10 dedicated locations in South Africa.

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Glencore eyes alumina, energy investments in Guinea after $300 million bauxite deal

Glencore eyes alumina and energy investments in Guinea after signing a more than $300 million bauxite financing and offtake deal.

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Malaysia eyes stronger Ethiopia ties with proposed embassy in Addis Ababa

Malaysia and Ethiopia are deepening economic ties as trade grows and both countries target agriculture, digital services, energy and tourism.

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Rwanda secures $80 million to expand financing for small businesses

Rwanda has secured $80 million in concessional financing to expand affordable credit for MSMEs and strengthen private-sector resilience.

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Accor sets sights on 25,000 new hotel rooms across Egypt

Accor plans to add 25,000 hotel rooms in Egypt within three years, expand its brands and support hospitality training through a new academy.

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Coca-Cola HBC cleared to merge with CCBA, expanding its Africa reach

Coca-Cola HBC wins approval to acquire 75% of CCBA, expanding its African bottling reach and backing South Africa with a $1.09 billion investment.

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City Lodge Hotels lifts earnings, plans expansion across South Africa

City Lodge Hotels lifts revenue 10% as international tourists support earnings and fuel expansion plans in South Africa’s key tourism markets.

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