Oluwatosin Alao

800 Articles
EIB
BusinessInvestments

EIB commits $37.5 million to fund African small businesses

The European Investment Bank commits $37.5 million to a $130 million Egypt fund targeting business expansion, financing and job creation.

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Pick n Pay
BusinessCompanies

Pick n Pay to shrink store space as South African retailer cuts costs

Pick n Pay plans to halve oversized stores, cut occupancy costs and invest $84 million in renovations as South Africa's retail market slows.

Oluwatosin Alao Oluwatosin Alao
Fertiglobe
BusinessGlobal NewsInvestments

Fertiglobe weighs $1.5 billion fertilizer plant investment in Egypt

Fertiglobe is weighing a $1.5 billion Egypt fertilizer complex that could produce 1.3 million tonnes of phosphate fertilizer annually by 2031.

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Mozambique rail network
BusinessHot News

Mozambique opens rail network to private operators in Africa trade push

Mozambique plans to open rail routes to private operators as freight volumes rise, targeting stronger trade links with South Africa and other African markets.

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Shoprite Nigeria
BusinessCompanies

Shoprite Nigeria seeks comeback with standalone neighbourhood stores

Shoprite Nigeria reopens three stores and plans standalone neighbourhood supermarkets as it seeks to recover from financial pressure and supplier debts.

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BW Energy
BusinessGlobal News

BW Energy suspends Gabon oil production after drilling rig sinks

BW Energy suspends Gabon oil operations after a drilling rig sinks, disrupting plans to expand production at its key Dussafu offshore asset.

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V&A Waterfront bets on luxury tourism with new hotel and superyacht hub
TourismLuxury

V&A Waterfront bets on luxury tourism with new hotel and superyacht hub

Cape Town is elevating its luxury travel appeal with a new EDITION hotel, superyacht facilities and access to spectacular African coastal destinations.

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HSBC
BusinessBanking

HSBC officially exits South Africa after 31 years in Africa’s biggest economy.

HSBC has officially exited South Africa after 31 years, with FirstRand and Absa taking over services for its former corporate and investment banking clients.

Oluwatosin Alao Oluwatosin Alao
Rwanda partners with MTN, Airtel to train more cybersecurity experts
TechnologyBusiness

Rwanda partners with MTN, Airtel to train more cybersecurity experts

Rwanda partners with MTN and Airtel to expand cybersecurity training, offer internships and address a shortage of advanced digital security skills.

Oluwatosin Alao Oluwatosin Alao
JPMorgan
BusinessBanking

JPMorgan gets initial approval to launch Nigerian merchant bank

JPMorgan secures preliminary CBN approval for a Nigerian merchant bank after depositing ₦50 billion, or $38 million, with the regulator.

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Pick n Pay
BusinessHot News

South Africa’s Pick n Pay ends restructuring process as losses narrow

Pick n Pay expects half-year losses to fall by up to 35% as a labour union agreement ends its formal restructuring consultations.

Oluwatosin Alao Oluwatosin Alao
Namib Minerals secures $30 million Ecobank deal for Zimbabwe gold project
BusinessMining

Namib Minerals secures $30 million Ecobank deal for Zimbabwe gold project

Namib Minerals secures a proposed $30 million Ecobank loan to advance Zimbabwe’s Redwing gold mine towards a larger-scale development.

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