Oluwatosin Alao

803 Articles

Mozambique’s President Chapo meets Puma Energy CEO over expansion plans

Mozambique’s President Chapo meets Puma Energy CEO Mark Russell to discuss CNG, fuel expansion and energy investment plans.

Oluwatosin Alao May 28, 2026

Business Technology

Uber buys Delivery Hero’s Aspex stake after takeover bid

Uber raises stake in Delivery Hero to 36.83% as takeover talks continue, intensifying Europe food delivery consolidation.

Oluwatosin Alao May 28, 2026

Business Technology

South Africa’s Eskom commits $73 million to hybrid renewable rollout across coal fleet

South Africa’s state-owned power utility Eskom is moving ahead with a $73 million investment aimed at blending renewable energy into its existing coal-fired power network. The plan reflects a gradual shift in how the utility is trying to balance electricity reliability with cleaner generation. The programme comes as South Africa continues to face frequent power disruptions, driven by ageing coal…

Oluwatosin Alao May 27, 2026

Business Technology

Sahara Group launches bunkering operations in Mauritania

Sahara Group has begun bunkering operations in Mauritania after receiving a 2026 bunkering licence from the government, a move expected to strengthen the country’s growing role in West Africa’s maritime trade network. The launch comes as shipping traffic across the Atlantic coast continues to rise, driven by energy exports, mining activity and regional trade. The company said the new operation…

Oluwatosin Alao May 27, 2026

Business Technology

Pepkor to launch bank in South Africa as retail finance race heats up

South African retailer Pepkor is preparing to enter the country’s banking industry, adding to a growing shift by retailers toward financial services as they look for steadier income and closer ties with customers. The company, which owns clothing chains PEP and Ackermans, plans to launch its bank in April 2027. Pepkor said the business will combine digital banking with in-store…

Oluwatosin Alao May 26, 2026

Business Technology

FG cancels $717.7 million World Bank power sector loan

The Federal Government of Nigeria has cancelled $717.7 million in undisbursed financing tied to a World Bank-backed electricity reform programme. The funds were part of a broader intervention designed to stabilise Nigeria’s power sector and reduce long-standing financial pressure on public finances. The decision was taken jointly with the World Bank after both sides agreed to discontinue the remaining portion…

Oluwatosin Alao May 26, 2026

Business Technology

Ghana backs Gold Fields Tarkwa lease renewal, rejects automatic extension

Ghana’s government has moved to reassure investors that it supports renewing the mining lease for Gold Fields’ Tarkwa mine, one of the country’s largest gold operations. But officials say future approvals will face closer review as the West African nation seeks stronger economic returns from its mining sector. The decision comes at a sensitive time for Ghana’s mining industry, which…

Oluwatosin Alao May 25, 2026

Business Technology

Sanlam backs African clean energy trader GreenCo with $10 million

Africa’s clean energy sector is moving beyond the construction of solar and wind projects. Attention is increasingly turning to the systems that allow electricity to be traded more efficiently across borders and delivered to businesses that need reliable power. That change is attracting investors looking for opportunities in Africa’s growing electricity market. Governments across the region continue to face pressure…

Oluwatosin Alao May 23, 2026

Business Global News

South Africa’s Investec seeks Irish banking license in global push

Investec, the South African- and UK-listed lender, is pushing deeper into Europe’s financial system with an application for a full banking licence in Ireland, a move that would expand its access to clients across the European Union as the industry continues to adjust to post-Brexit rules. The lender already operates in Dublin, where it offers treasury services, derivatives and investment…

Oluwatosin Alao May 22, 2026

Business Technology

South Africa’s Efora Energy faces liquidation as JSE suspends shares

South Africa’s Efora Energy Limited is set for liquidation after years of name changes, asset sales and strategic shifts that ultimately failed to secure long-term financial stability. The Johannesburg Stock Exchange (JSE)-listed company now finds itself suspended from trading, with uncertainty mounting over its ability to meet obligations. The development marks a sharp downturn for a group that once positioned…

Oluwatosin Alao May 22, 2026

Tourism Luxury

10 Zanzibar restaurants worth visiting for seafood, culture and ocean views

Zanzibar has long drawn travelers with its white-sand beaches, spice farms and Indian Ocean sunsets. But beyond the resorts and historic landmarks, the island’s food scene is becoming a major part of the experience for visitors arriving from across Africa, Europe and the Middle East. Restaurants across the archipelago are blending Swahili cooking traditions with influences from Arab, Indian and…

Oluwatosin Alao May 22, 2026

Afentra expands Angola oil drilling plans, targeting offshore discoveries and Kwanza Basin wells by 2027.

Business Technology

Afentra targets Angola exploration wells by 2027, eyes Africa oil growth

Afentra plc is stepping up its expansion plans in Angola as higher crude prices and renewed interest in African energy assets improve the outlook for exploration across the region. The company, which recently ended takeover talks with potential buyers, is turning its attention to both offshore discoveries and onshore drilling prospects in Angola, sub-Saharan Africa’s second-largest oil producer. The move…

Oluwatosin Alao May 21, 2026