Oluwatosin Alao

800 Articles

South Africa expands its nature tourism offering with new national park

South Africa declares a 10,000-hectare Eastern Cape national park to protect grasslands, secure water supplies and support cattle farmers.

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Shoprite expands Sixty60 beyond groceries with digital vouchers

Shoprite expands Sixty60 beyond groceries, adding instant airtime, data and digital vouchers as it targets South Africa’s $30 billion value-added services market.

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UAE investor commits $38 million to new 400-hectare fruit farm in Morocco

UAE-based Elite Agro is investing $38 million in a 400-hectare Moroccan fruit farm targeting blueberries, mandarins and avocados for export.

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Eskom launches 6 GW renewable energy programme in South Africa

Eskom is seeking private investors for a 6 GW renewable energy programme in South Africa, including solar, wind and battery storage projects.

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South Africa’s LekkeSlaap sold to Consortium as founders exit

South African investors have acquired LekkeSlaap as its founders exit, with the 40,000-property platform targeting wider Southern African growth.

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Petrobras taps TechnipFMC for major Brazil offshore contract

Petrobras awards TechnipFMC a major Brazil offshore contract worth up to $250 million for flexible flowlines supporting pre-salt oil projects.

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African Union launches first homegrown credit rating agency in Mauritius

Africa launches AfCRA in Mauritius as debt service hits $163 billion, seeking to reshape how investors assess risk and the cost of African borrowing.

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Kenya bets $3 billion on electric vehicles, local manufacturing and jobs

Kenya is investing $3 billion in electric vehicle manufacturing to create jobs, cut fuel imports and build a regional African auto hub.

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DRC maps untapped mineral wealth in push to attract global investment

DRC launches nationwide mineral mapping to double geological coverage, reduce exploration risks and attract investment into underexplored regions.

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Gold Fields expands Nickel footprint with BHP Kambalda deal in Australia

Gold Fields expands its nickel footprint by acquiring BHP’s Kambalda assets in Australia as the market faces oversupply and weak prices.

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Abu Dhabi’s IRH targets London-listed Kenmare Resources in cash offer

Abu Dhabi’s IRH is weighing a cash takeover of Kenmare Resources, putting Mozambique’s Moma titanium mine at the center of a potential deal.

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South Ocean Holdings unveils Cables 4 Africa name after shareholder approval

South Ocean Holdings gets shareholder approval to become Cables 4 Africa Holdings, as the $121.11 million cable business sharpens its African focus.

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