Oluwatosin Alao

329 Articles
Gabon to sign BP, Exxon deals to boost offshore oil output and investment
BusinessTechnology

Gabon targets new BP, Exxon partnerships to boost offshore output

Gabon is stepping up efforts to revive its oil and gas sector, seeking new partnerships with global energy companies as it works to lift offshore production and attract fresh investment. The Central African nation, a member of OPEC, is aiming to position itself as a competitive destination for offshore exploration in West Africa.  Officials say the government is in talks…

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Zimbabwe plans gradual shift from U.S. dollar to ZiG to restore trust
BusinessGlobal News

Zimbabwe moves to reduce reliance on U.S. dollar amid currency shift

Zimbabwe is stepping up efforts to ease its dependence on the U.S. dollar, part of a broader plan to restore confidence in its local currency and steady the economy after years of instability. The push reflects growing concern among policymakers that dollarisation has weakened the country’s ability to manage inflation and guide economic policy.  For more than a decade, the…

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Zimbabwe backs JR Goddard Victoria Falls tourism, commercial project
BusinessLuxury

JR Goddard plans commercial hub near Victoria Falls tourism hotspot

Zimbabwe is stepping up efforts to position Victoria Falls as a higher-value tourism and investment destination, as authorities seek to attract private capital into infrastructure and real estate projects linked to one of Southern Africa’s most visited landmarks. The plan reflects a broader push to connect tourism growth with commercial development in designated economic zones.  The government has approved a…

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Meta tracks staff activity to train AI, raising privacy concerns
BusinessTechnology

Meta taps employee activity data to boost AI development efforts

Meta Platforms is stepping up its investment in artificial intelligence, turning to employee activity data to improve how its systems learn and perform everyday tasks. The move highlights a growing shift across Silicon Valley, where companies are building AI tools that can handle routine office work with limited supervision.  The company is introducing software that records how staff use their…

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LEVA Hotels signs $1B Bulawayo hotel deal, boosts Zimbabwe tourism
BusinessTourism

LEVA Hotels signs deal with Radar Properties for Kings City hotel in Zimbabwe

LEVA Hotels is expanding its presence in Southern Africa with a new hospitality project in Bulawayo, pointing to renewed investor interest in Zimbabwe’s tourism and real estate sectors. The Dubai-based brand has signed a management agreement with Radar Properties to develop a $1 billion lifestyle hotel within the Kings City mixed-use development.  The agreement reflects a wider shift among international…

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Apple names John Ternus CEO, replacing Tim Cook to drive AI growth
BusinessTechnology

Apple appoints John Ternus CEO as tech giant enters new era

Apple is entering a new phase, handing leadership of the world’s most valuable technology company to a longtime insider as it looks to sharpen its edge in product design and stay competitive in a changing market.  The company said John Ternus will take over as chief executive on Sept. 1, replacing Tim Cook, who is stepping down after 15 years.…

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Morocco commits $8.6B to expand telecoms, boost 5G access nationwide
BusinessTechnology

Morocco commits $8.6 billion to boost telecom sector, expand 5G access

Morocco is ramping up investment in its telecom sector, committing $8.6 billion to expand high-speed internet and roll out 5G, part of a broader push to strengthen its digital economy and attract investment. The plan reflects a wider shift across Africa, where governments are upgrading networks to support growing demand for data, digital services and online business.  The North African…

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Zimbabwe, Zambia plan new Victoria Falls freight bridge to ease trade flows
BusinessTourism

Zimbabwe, Zambia back new Victoria Falls freight bridge to boost trade

Zimbabwe and Zambia have agreed to restrict heavy trucks and freight trains on the Victoria Falls Bridge, marking a policy shift aimed at easing pressure on one of Southern Africa’s busiest trade routes. The move underscores growing strain on aging infrastructure along the North-South Corridor, a key regional logistics artery.  Zambian President Hakainde Hichilema, speaking at an engineering conference in…

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Madaar launches $290 million Hillage in Sheikh Zayed as luxury demand rises
BusinessLuxury

Madaar launches $290 million Hillage project in Sheikh Zayed, Egypt

Madaar Developments is expanding its presence in Egypt’s real estate market with a $290 million residential project in Sheikh Zayed City, highlighting steady demand for upscale housing in West Cairo.  The launch of The Hillage comes at a time when developers are racing to secure limited land in one of Greater Cairo’s most in-demand areas. Improved roads and infrastructure have…

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South Africa power dispute deepens as Eskom faces pressure over grid control shift
BusinessTechnology

Eskom urged to shift grid control to NTCSA amid South Africa power strain

South Africa’s power sector is under fresh strain as tensions rise between Eskom and independent power producers, sharpening concerns about grid access, energy security and the pace of renewable energy investment.  A recent court ruling has brought the issue into sharper focus, raising questions about how scarce grid capacity is shared in one of Africa’s tightest electricity markets. Demand for…

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Emirates, Wesgro boost Western Cape tourism with flights, exports
BusinessTourism

Emirates, Wesgro team up to drive tourism to South Africa’s Western Cape

Emirates and Wesgro are joining forces to lift international arrivals to South Africa’s Western Cape, as competition for global travelers intensifies.  The agreement, signed during World Travel Market Africa in Cape Town, comes at a time when travel demand is recovering and destinations are working harder to attract visitors with higher spending power.  Tourism remains central to the Western Cape…

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Nambiti Hills Lodge offers a luxury safari escape in KwaZulu-Natal, South Africa
LuxuryTourism

Nambiti Hills Lodge blends luxury and wildlife in South Africa safari

Just a few hours from South Africa’s two main economic centers, Nambiti Hills Lodge is quietly gaining attention in the country’s luxury safari sector. Set within the Nambiti Private Game Reserve near Ladysmith in KwaZulu-Natal, the lodge offers a high-end wildlife escape without the long travel often linked to African safaris.  The reserve spans about 10,000 hectares of protected land…

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