Oluwatosin Alao

803 Articles
Jiji expands beyond Africa with Bangladesh’s Bikroy acquisition deal
BusinessTechnology

Jiji expands beyond Africa with Bangladesh’s Bikroy acquisition deal

Jiji, the Lagos-based classifieds marketplace, has acquired Bangladesh’s Bikroy in a move that extends its business beyond Africa for the first time. The deal comes just 13 months after Jiji entered Bangladesh, where it positioned itself as a direct competitor to Bikroy and other local platforms.  Chief executive Anton Volianskyi said the transaction was financed through internal resources and shareholder…

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FirstRand plans UK exit after $1 billion motor-finance hit
BusinessGlobal News

South Africa’s FirstRand exits UK market after $1 billion setback

FirstRand Ltd., a leading financial services group is preparing to step back from the UK after a sharp rise in compensation costs tied to a motor-finance mis-selling review pushed it to reassess its overseas exposure.  FirstRand is now working with advisers, including Bank of America and its own investment-banking arm, RMB, to explore the potential sale of its UK subsidiary,…

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Mozambique launches $40 million LNG training center in Maputo
BusinessTechnology

Mozambique breaks ground on major technology center to boost innovation

Mozambique launches a $40 million tech center to train local LNG workers and grow Africa’s energy workforce.

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Macron unveils $27 billion Africa fund to rival China’s growing influence
Global NewsBusiness

Macron unveils $27 billion Africa fund to rival China’s growing influence

French President Emmanuel Macron has unveiled a €23 billion ($27 billion) investment plan for Africa, targeting energy, agriculture, digital infrastructure and maritime industries as France looks to strengthen economic ties across the continent and push back against China’s growing influence.  The announcement was made during the Africa Forward summit in Nairobi, where African leaders, investors and business executives gathered to…

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Air Tanzania to launch direct UK flights to Zanzibar, Kilimanjaro in 2027
TourismBusiness

Air Tanzania to launch direct UK flights to Zanzibar, Kilimanjaro in 2027

Air Tanzania is set to begin direct flights between the United Kingdom and Tanzania in July 2027, opening a faster route between Europe and two of East Africa’s leading tourism destinations.  The state-owned airline said it will operate nonstop flights from London Gatwick to Kilimanjaro International Airport, a key gateway for travelers heading to Tanzania’s safari circuit and Mount Kilimanjaro.…

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Vodacom
BusinessTechnology

Vodacom targets 275 million Africans in major expansion push

Vodacom Group, a leading African connectivity, digital and financial services company, has raised its medium-term target to 275 million customers by 2030, as it steps up efforts to expand across a rapidly changing telecom and mobile payments landscape in Africa.  The updated goal reflects a wider push by the group to grow its customer base in markets where demand for…

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MTN deal takes Nigerian fintech infrastructure across Africa
BusinessTechnology

MTN deal takes Nigerian fintech infrastructure across Africa

MTN Group, Africa’s largest telecom operator, is expanding deeper into digital financial services through a new partnership that will take Nigerian-built fintech infrastructure into more African markets.  The agreement reflects how telecom companies are becoming increasingly important to Africa’s financial system as millions of consumers continue to rely on mobile phones rather than traditional banks for payments, savings and credit…

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GrandWest Mall begins construction in Cape Town on $39 million retail hub project
BusinessLuxury

Construction starts on $39 million GrandWest Mall project in South Africa

South Africa’s retail property sector is set for a major addition as construction begins on the R650 million ($39 million) GrandWest Mall in Cape Town, a development expected to strengthen one of the city’s busiest entertainment and commercial hubs.  The project moved into its building phase after the transfer of land to a joint venture between Flanagan & Gerard Property…

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Barrick's Loulo-Gounkoto gold complex
BusinessTechnology

Barrick contractor exits Mali, leaving more than 600 workers without jobs

Mali’s gold sector is facing renewed pressure after a major contractor at Barrick Mining’s Loulo-Gounkoto mining complex moved to end its operations, a decision expected to cost more than 600 workers their jobs and raise fresh concerns about the future of one of Africa’s most important gold assets.  The move comes at a difficult time for Mali, where gold remains…

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President João Lourenço, President Oligui Nguema sign three deals to deepen Angola-Gabon
BusinessTechnology

Angola, Gabon deepen ties with new cooperation agreements across Africa

Africa’s growing focus on regional cooperation was on display this week as Angola and Gabon signed new agreements aimed at expanding trade, strengthening investment ties and building industries beyond oil.  The accords, reached during high-level talks in Luanda, reflect a wider shift across the continent as resource-rich nations work to broaden their economies, create jobs and reduce long-standing dependence on…

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Inside Camps Bay’s oceanfront villa
TourismLuxury

Inside Camps Bay’s oceanfront villa where luxury meets Africa’s Atlantic coast

Along the sunlit shoreline of Camps Bay, where the Atlantic Ocean meets one of South Africa’s most sought-after residential enclaves, Lobster Villa offers a private escape shaped by comfort, design and exceptional views. Set against the striking backdrop of the Twelve Apostles mountain range, the oceanfront home captures the easy elegance that has made Cape Town a leading destination for…

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Bram Fischer Shopping Centre in Randburg
BusinessLuxury

Bram Fischer mall in Johannesburg heads to auction next week

A well-established shopping centre in Johannesburg is set to go under the hammer next week, offering investors a chance to acquire a fully operating commercial asset in one of the city’s busiest retail districts.  The Bram Fischer Shopping Centre in Randburg will be auctioned on May 12, in a sale that comes as demand for quality income-producing commercial property remains…

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