Oluwatosin Alao

803 Articles
Uber, Lucid, PIF invest $750 million to scale robotaxis and EV tech
TechnologyBusiness

PIF, Uber invest $750 million in Lucid as robotaxi push gains traction

Saudi Arabia’s push to invest beyond oil is intersecting with Silicon Valley’s race to develop self-driving transport, as Uber Technologies Inc., Lucid Group Inc. and an affiliate of the Public Investment Fund deepen a partnership backed by a combined $750 million commitment.  The agreement reflects a broader shift in the electric vehicle and autonomous driving space, where funding is increasingly…

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Mobica plans $20 million Egypt auto investment as local rules reshape supply chains
BusinessTechnology

Mobica targets $20 million investment as Egypt’s auto manufacturing expands

Egypt’s effort to build a stronger domestic auto industry is moving beyond policy statements as new private investment begins to flow into local supply chains. The government has been working to reduce reliance on imported vehicle parts while encouraging manufacturers to produce more components inside the country.  The shift is becoming more visible as companies start to adjust their long-term…

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MTN Group
TechnologyBusiness

MTN Nigeria rolls out first 25Gbps microwave link in sub-Saharan Africa

MTN Nigeria has taken a step forward in its network upgrade plans after testing what it says is the first commercial 25Gbps full-duplex microwave link in sub-Saharan Africa, working with Huawei Nigeria. The trial, carried out on the E-band (80 GHz) spectrum, points to how operators are seeking faster, more efficient ways to support 5G services in Nigeria.  The move…

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Botswana signs Oman energy, mining deals to cut diamond reliance
BusinessTechnology

Botswana, Oman strike energy, mining deals to boost Africa ties

Botswana is stepping up efforts to reduce its reliance on diamonds, signing new agreements with Oman that span energy, mining and infrastructure. The deals come as the Southern African country faces softer global demand for diamonds, a sector that has long supported public finances and economic growth.  For years, diamonds have accounted for about a third of Botswana’s economy. But…

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Royal Livingstone Zambia unveils upgraded Zambezi riverfront rooms
TourismLuxury

Royal Livingstone Hotel in Zambia unveils upgrade with Zambezi views

The Royal Livingstone Victoria Falls Zambia Hotel by Anantara has completed a wide-ranging upgrade of its riverside rooms, reinforcing its position as one of Zambia’s best-known luxury stays along the Zambezi River. The property sits on the edge of the river, close to Victoria Falls, where it draws international travellers looking for comfort paired with direct access to one of…

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Cross Switch launches Absa Pay in South Africa
BusinessTechnology

Cross Switch launches Absa Pay in South Africa, expanding digital payments

Cross Switch has launched Absa Pay in South Africa, expanding its payments offering as demand grows for secure, bank-authenticated checkout options across the country’s fast-developing digital economy. The rollout gives merchants a new way to process payments that keeps transactions within a trusted banking environment.  The launch comes as South Africa’s e-commerce market continues to expand, supported by rising smartphone…

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Waterfall City unveils $45 million hotel, conference expansion in Johannesburg
BusinessTourism

Waterfall City project: $45 million hotel, conference expansion in Africa

Attacq Waterfall Investment Company and Rabie Property Group have committed $45 million to expand Waterfall City with a new conference centre and hotel, strengthening Johannesburg’s role in Africa’s business tourism and meetings industry. The project adds fresh capacity to a market that has seen rising demand for large corporate gatherings and international conventions.  The development reflects a broader shift in…

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World Bank backs Morocco with $500 million to boost jobs, clean energy
BusinessGlobal News

World Bank backs Morocco with $500 million to boost jobs, green growth

The World Bank has approved a $500 million financing package for Morocco, deepening support for job creation and green growth as the country pushes ahead with economic reforms.  The funding comes as officials face rising pressure to address youth unemployment and bring more women into the workforce, while also strengthening Morocco’s position in renewable energy and manufacturing. It reflects a…

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Axian Telecom’s Oracle deal begins rollout.
TechnologyBusiness

Oracle launches first hyperscale public cloud region in Morocco

Oracle has opened its first hyperscale public cloud region in Casablanca, marking a significant expansion into Africa’s growing market for cloud computing and artificial intelligence.  The move makes Oracle the first hyperscaler to establish a full-scale cloud presence in North Africa, as global technology firms increase investments across the continent. Demand for cloud services and data storage is rising among…

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Tripoli Zoo reopens, offering Libyan families a rare escape
TourismGlobal News

Tripoli zoo reopens, offering Libyans rare escape from conflict

After nearly two decades behind closed gates, the Tripoli Zoo has reopened, giving families in Tripoli a place to gather again. For many, it is a small but meaningful break from years of conflict that reshaped daily life.  The return of visitors to one of the capital’s largest public spaces reflects a cautious sense of relief. Libya remains divided and…

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Nzovu Rundu offers luxury tents, family units and private plunge pools
TourismLuxury

Shearzone Safaris opens Nzovu Rundu camp in Zambia’s Lower Zambezi

SHEARZONE Safaris is widening its footprint in Zambia’s tourism sector with the planned opening of Nzovu Rundu Luxury Camp in the Lower Zambezi, set for July. The move adds to growing competition among safari operators targeting high-end travelers across Southern Africa.  The new camp marks the company’s entry into the Lower Zambezi, a riverfront region known for its dense wildlife…

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Meta launches Muse Spark as Mark Zuckerberg shifts to proprietary AI strategy
TechnologyBusiness

Meta launches Muse Spark as Zuckerberg resets AI strategy

Meta Platforms is sharpening its focus on artificial intelligence, moving beyond early experiments as competition in the sector intensifies.  The company has introduced Muse Spark, the first system from its new Superintelligence Labs, offering a clearer view of how it plans to take on rivals such as OpenAI, Google and Anthropic.  For Mark Zuckerberg, the rollout signals a change in…

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