Oluwatosin Alao

803 Articles
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…

Oluwatosin Alao Oluwatosin Alao
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…

Oluwatosin Alao Oluwatosin Alao
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…

Oluwatosin Alao Oluwatosin Alao
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…

Oluwatosin Alao Oluwatosin Alao
Emirates, Wesgro boost Western Cape tourism with flights, exports
TourismBusiness

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…

Oluwatosin Alao Oluwatosin Alao
Nambiti Hills Lodge offers a luxury safari escape in KwaZulu-Natal, South Africa
TourismLuxury

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…

Oluwatosin Alao Oluwatosin Alao
Angola seeks AfDB loan as oil supports growth amid debt pressure
BusinessTechnology

Angola seeks AfDB support as oil cushions impact of global shocks

Angola is seeking fresh support from the African Development Bank as it works to steady its finances in a volatile global environment, even as stronger oil prices offer some relief.  The government is in talks for a $165 million budget support loan, part of a wider plan to raise about $1 billion from external sources this year. Officials say the…

Oluwatosin Alao Oluwatosin Alao
Meta ends Sama deal; 1,100 Kenyan jobs lost as AI takes over
BusinessTechnology

Meta drops Sama, leaving 1,100 Kenyan workers facing layoffs

Meta Platforms is ending its contract with Kenyan outsourcing firm Sama, a decision that will leave more than 1,100 people out of work and reshape how the company manages content moderation in Africa.  The move marks a shift for the Facebook owner as it leans more on artificial intelligence to police harmful content, reducing its reliance on large teams of…

Oluwatosin Alao Oluwatosin Alao
rewrite in 80 character: Newmark opens luxury Thitaka River Lodge in Namibia, expanding Africa safari tourism with eco-friendly design and premium travel experiences. Newmark opens Namibia luxury safari lodge, boosting eco tourism
TourismLuxury

Newmark expands Africa footprint with new Namibia safari lodge

Newmark Hotels & Reserves is expanding its presence in Africa’s luxury tourism market with the launch of Thitaka River Lodge, a tented safari camp set to open in July in Namibia’s Bwabwata National Park. The project comes as demand for high-end, nature-based travel continues to rise, drawing global investors and operators to the continent.  The lodge is located in the…

Oluwatosin Alao Oluwatosin Alao
Stellantis, Microsoft expand 5-year AI deal for cloud and car tech push
TechnologyBusiness

Stellantis, Microsoft strike 5-year AI deal with Africa in focus

Stellantis and Microsoft have agreed to a five-year partnership that deepens their collaboration in artificial intelligence, cloud computing, and cybersecurity. The companies say the deal is aimed at reshaping how Stellantis designs, builds, and manages vehicles as the auto industry moves further into software-led systems.  The agreement reflects a broader push by global carmakers to rely more heavily on technology…

Oluwatosin Alao Oluwatosin Alao
Global commodities Group, Trafigura
BusinessTechnology

Trafigura pays $1 billion for Gabon oil, tightening grip on Africa output

Singapore-based commodities trader Trafigura has agreed to a $1 billion prepayment deal with Gabon, securing future crude supplies in a move that highlights the growing use of oil-backed financing across Africa.  The agreement gives Gabon immediate access to funds at a time when many resource-rich economies are looking for ways to steady public finances and fund development without taking on…

Oluwatosin Alao Oluwatosin Alao
EBRD backs $65 million Egypt solar, storage project at Benban Solar Park
BusinessTechnology

EBRD lends $65 million to HAU Energy for solar and storage project in Egypt

The European Bank for Reconstruction and Development is expanding its support for Egypt’s clean energy push with a $65 million loan to finance a new solar and battery storage project.  The funding targets a key gap in Egypt’s power system as demand rises and the country leans more on renewable energy. Officials say combining solar generation with storage will help…

Oluwatosin Alao Oluwatosin Alao