Oluwatosin Alao

804 Articles
Lesotho pushes for higher royalties in water deal with South Africa as dams expand supply
BusinessTechnology

Lesotho pushes for better terms in key water deal with South Africa

Lesotho is preparing to renegotiate a decades-old water-sharing agreement with South Africa, a deal that contributes about 10% of the kingdom’s economy. Officials say talks could start as early as April, giving the small, landlocked nation a rare chance to press for improved terms with its much larger neighbor.  The agreement underpins the Lesotho Highlands Water Project (LHWP), a $3.1…

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Senegal raises $537 million in bond sale, strong demand eases debt concerns
BillionairesGlobal News

Senegal raises $537 million in bond sale, signaling strong investor demand

Senegal raised 304.15 billion CFA francs ($537.6 million) in its first sovereign bond sale of 2026, beating its target by a wide margin and pointing to steady demand for African debt. The result gives the government short-term breathing room as it faces tighter conditions in global markets.  The sale drew strong interest from both institutional and retail investors, coming in…

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BIM nears 1,000 stores in Morocco after record expansion
BusinessTechnology

BIM’s Morocco network nears 1,000 stores as expansion accelerates

Turkey’s discount retail giant BİM is nearing a key milestone in Morocco, where its store network is approaching 1,000 locations, underscoring the country’s growing role in its international business.  The expansion reflects broader shifts in Morocco’s consumer market. Rising living costs and steady urban growth are pushing more shoppers toward low-price retailers, creating room for chains that focus on affordability…

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SNCF, CFF renew partnership to grow TGV Lyria routes across Europe by 2032
BusinessTourism

SNCF, CFF extend rail partnership through 2032 to boost international transport

SNCF Voyageurs and Swiss Federal Railways (CFF) have extended their partnership through 2032, aiming to strengthen high-speed rail connections between France, Switzerland, and neighboring European countries. The agreement builds on 45 years of cooperation, primarily through the TGV Lyria service, which has become a vital link for both business and leisure travelers.  The renewed deal comes at a time when…

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Egypt’s Waterway plans a $190 million real estate fund as demand rises
BusinessGlobal News

Waterway to launch $190 million real estate fund targeting Africa growth

Egypt’s property market is drawing renewed investor interest as developers look for steady income in a volatile economy. The Waterway Developments is preparing to launch a $190 million real estate fund, adding to a growing pool of structured investment vehicles across Africa.  The Cairo-based firm plans to roll out the fund in the first half of 2026, at a time…

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Meliá expands into Tunisia with five resorts by 2030
TourismBusiness

Meliá Hotels expands in Tunisia with five new resorts by 2030

Meliá Hotels International is stepping up its expansion in the Mediterranean with a new push into Tunisia, as demand grows for high-end, sustainable travel across North Africa.  The Spanish hotel group plans to operate five resorts in Tunisia through a partnership with Management Hospitality Group, with a target of about 3,000 rooms by 2030. The investment signals confidence in Tunisia’s…

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Visa and SWAM team up with AI to protect Moroccan digital and card payments.
BusinessTechnology

Visa and Switch Al Maghrib join forces to fight payment fraud in Morocco

Morocco is moving to strengthen its digital payments system, as Visa and Switch Al Maghrib (SWAM) announce a partnership aimed at reducing electronic payment fraud. The collaboration uses artificial intelligence to detect suspicious activity, reflecting the country’s push to make cashless transactions safer and more reliable.  Over the past few years, electronic payments in Morocco have grown steadily. Rising consumer…

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Mantis Hiddn opens in Eastern Cape with off-grid luxury safari stays
TourismLuxury

Mantis opens off-grid safari lodge in South Africa’s Eastern Cape

Mantis Collection has opened Mantis Hiddn, a luxury off-grid mountain retreat set within an 800-hectare private reserve in the Eastern Cape’s greater Addo region. The lodge offers high-end travelers an immersive nature experience, combining sustainability, wellness, and privacy in one remote location.  The Eastern Cape is known for its unspoiled landscapes and rich wildlife, making it an ideal setting for…

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Masiyiwa backs USDC rollout in Africa for cheaper cross-border payments
TechnologyBusiness

Zimbabwean billionaire backs stablecoin push across Africa

Zimbabwean billionaire Strive Masiyiwa is backing a fresh push to expand stablecoin payments across Africa, as global fintech firms look to tap into the continent’s growing demand for faster and cheaper ways to move money.  His company, Cassava Technologies, has partnered with Circle Internet Group Inc. to introduce digital dollar payments to millions of users. The move reflects a broader…

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Club Med Beach & Safari opens in Durban, attracting airlines and international tourists
TourismBusiness

Airlines weigh Durban routes as Club Med drives Africa tourism push

Durban is preparing to welcome a surge of international travelers with the July opening of Club Med South Africa Beach & Safari, a luxury resort designed to attract visitors from Europe and other key markets. Tourism officials say the resort could reshape how airlines view Durban, offering a strong case for reinstating long-discussed direct flights.  The city’s appeal is tied…

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Brookdale Estate opens private lodge in Paarl with luxury, vineyards, eco travel
TourismLuxury

Brookdale Estate unveils exclusive-use lodge to boost luxury tourism

Luxury travel in South Africa’s Cape Winelands is drawing renewed interest, as Brookdale Estate introduces a private-use lodge aimed at high-end visitors seeking space, comfort and quiet. The opening reflects a wider shift in travel, with more guests choosing exclusive stays over busy hotels.  The new Owners’ Lodge sits on a 67-hectare wine estate in Paarl, an area known for…

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UN declares transatlantic slave trade a crime against humanity
Global NewsHot News

UN calls transatlantic slave trade crime against humanity, seeks reparations

The United Nations General Assembly has declared the transatlantic slave trade a crime against humanity, a move that adds weight to growing calls for reparations and a fuller reckoning with the past. The resolution, adopted Wednesday, reflects a broader push by member states to confront the lasting economic and social damage linked to centuries of forced labor and displacement.  The…

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