Oluwatosin Alao

804 Articles
SPAR moves to rebuild revenue
BusinessTechnology

Spar faces investor exit after $250 million value loss in a week

South Africa’s retail sector is under renewed strain after Spar Group lost about $250 million in market value in a week, sending its shares to a 16-year low and unsettling investors on the Johannesburg Stock Exchange.  The sharp decline follows a wave of selling that has erased nearly a quarter of the grocery retailer’s market capitalization since last Friday. The…

Oluwatosin Alao Oluwatosin Alao
Kenya cancels $1.8 billion Adani deal to upgrade JKIA
BusinessTourism

Kenya halts $1.8 billion Adani project at Jomo Kenyatta Airport

Kenya has canceled a proposed $1.8 billion plan to modernize Jomo Kenyatta International Airport, ending negotiations with India’s Adani Group over one of the country’s largest aviation projects.  The decision, confirmed by the Kenya Airports Authority, stops an agreement that would have expanded and upgraded the main gateway into Nairobi. The airport is a key hub for East Africa and…

Oluwatosin Alao Oluwatosin Alao
Egypt builds high-speed rail linking Red Sea and Mediterranean to boost trade, travel and green growth
TechnologyBusiness

Egypt builds high-speed rail linking Red Sea and Mediterranean

Egypt advances high-speed rail linking the Red Sea and Mediterranean to boost trade, transport and green growth.

Oluwatosin Alao Oluwatosin Alao
Lemala Kuria Hills adds a two-bedroom luxury suite in Serengeti
TourismLuxury

Lemala Kuria Hills unveils new luxury suite in Tanzania’s Serengeti

Luxury safari operator Lemala Camps & Lodges is adding a new two-bedroom suite at Lemala Kuria Hills Lodge>, located within Serengeti National Park. The expansion reflects steady demand for high-end safari travel in East Africa, where affluent families and small groups are seeking more private, spacious accommodation.  Tanzania’s luxury tourism market has held up despite global economic uncertainty, supported by…

Oluwatosin Alao Oluwatosin Alao
GoWit and Publicis Media partner to scale retail media across MENA and Türkiye
BusinessTechnology

GoWit partners with Publicis to grow retail media across MENA and Africa

Retail media is gaining ground in the Middle East and Africa as brands look for more direct ways to reach shoppers. With e-commerce sales rising and digital ad budgets shifting toward performance channels, retailers and agencies are under pressure to prove results at the point of purchase.  That shift is prompting closer ties between global agency networks and retail-focused technology…

Oluwatosin Alao Oluwatosin Alao
Minor Hotels signs NH Collection Accra, marking its first Ghana hotel
BusinessTourism

Minor Hotels enters West Africa with NH Collection Accra deal

Minor Hotels is expanding into West Africa with plans to open NH Collection Accra, marking its first property in Ghana and its debut in the subregion. The signing reflects rising interest in Accra’s hospitality market as international brands look to strengthen their presence in key African business capitals.  The agreement was announced during THINC Middle East 2026, a gathering of…

Oluwatosin Alao Oluwatosin Alao
Modern railway tracks stretching across green countryside under blue sky in East Africa
BusinessTechnology

Uganda eyes Tanzania rail link to boost East Africa trade

Uganda is stepping up efforts to strengthen its position in East Africa’s trade network, with plans to link its Standard Gauge Railway to Tanzania’s rail system. The proposal could give the landlocked country a second route to the Indian Ocean and ease pressure on existing export corridors.  Details outlined in a government document show Kampala is studying how the new…

Oluwatosin Alao Oluwatosin Alao
Next reform phase targets jobs, smarter spending and stronger social impact
BusinessTechnology

Egypt, World Bank push funding, reforms to drive national growth

Egypt is seeking fresh funding and faster reforms as it works to steady its economy and restore growth, deepening ties with the World Bank at a sensitive time for Africa’s third-largest economy.  The talks in Cairo come as governments across emerging markets contend with higher borrowing costs, tighter global liquidity and pressure to protect vulnerable households. For Egypt, officials say,…

Oluwatosin Alao Oluwatosin Alao
Nossob Rest Camp revamp signals new Safari era
TourismLuxury

Nossob Rest Camp upgrade reshapes Kalahari safaris

South Africa’s Kalahari Desert is set for a measured upgrade as South African National Parks (SANParks) prepares to renovate one of its most sought-after safari bases. Nossob Rest Camp, located inside Kgalagadi Transfrontier Park, will undergo maintenance and improvement works beginning Feb. 25, 2026.  The project is expected to last about four months. While construction will take place within the…

Oluwatosin Alao Oluwatosin Alao
Zimbabwe’s park fee increase targets better visitor experience
TourismBusiness

Zimbabwe park fee hike signals tourism upgrade

Zimbabwe is raising park entry fees at some of its most visited attractions, a move that signals a strategic pivot toward high-value tourism and stronger conservation funding. The fee increases, led by the Zimbabwe Parks and Wildlife Management Authority, take effect in 2026 and introduce value-added tax (VAT) across key tourism services.  The changes will be felt most sharply at…

Oluwatosin Alao Oluwatosin Alao
ERBD boosts West Africa agriculture with $153 million
BusinessTechnology

EBRD commits $153 million to West African agriculture

The European Bank for Reconstruction and Development is stepping up its support for agribusiness in West Africa with a $153 million financing package for operations in Côte d’Ivoire and Nigeria.  The funding, split between Robust International and Valency International, targets key export commodities including cashew, sesame, cocoa and soybeans. The investment comes as global food supply chains face pressure from…

Oluwatosin Alao Oluwatosin Alao
Luxury safari at Cresta Mowana blending wildlife, comfort and riverside views.
LuxuryTourism

Botswana’s Cresta Mowana blends luxury with wilderness

Luxury safari at Cresta Mowana on the Chobe River near Chobe National Park, blending wildlife, comfort and riverside views.

Oluwatosin Alao Oluwatosin Alao