Oluwatosin Alao

672 Articles

Standard Bank eyes stake in Nigeria’s OPay ahead of U.S. IPO

Standard Bank is considering a stake in Nigeria’s OPay ahead of a potential U.S. IPO that could value the fintech company at about $4 billion.

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Terra Industries raises $52 million as Nigerian defense startup expands to Ghana

Terra Industries raises $52 million as the Nigerian defense startup expands drone manufacturing in Ghana and opens a London office.

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Gulf Hotels, Silva Gigiri sign deal for new Nairobi hotel project

Gulf Hotels Group signs a $30 million deal with Silva Gigiri to develop a 250-unit hotel and residence project in Nairobi, Kenya.

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South Africa’s Nonesi mall gets $4.68 million upgrade in Eastern Cape

Nonesi Mall in South Africa’s Eastern Cape is getting a R76.1 million upgrade, adding retail space, new tenants and 356 jobs.

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L’Imad moves to take full ownership of Abu Dhabi’s AD Ports

L’Imad plans to acquire full ownership of AD Ports Group with a $8.6 billion offer as Abu Dhabi expands its control of key logistics assets.

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South Africa takes SADC chair as regional trade and growth slow

South Africa takes the SADC chair as trade barriers, weak growth and falling manufacturing challenge regional economic integration.

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Mozambican firms urged to partner with investors in Rovuma LNG

Mozambican firms are urged to partner with investors as ExxonMobil prepares for a key decision on the Rovuma LNG project.

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Abu Dhabi’s HEA Energy acquires two jackup crane vessels from Denmark

Abu Dhabi’s HEA Energy acquires two jackup crane vessels from Denmark as it expands its offshore wind presence across Europe.

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Epiroc expands South Africa mining business with Eventspec acquisition

Epiroc has completed its acquisition of South Africa’s Eventspec, expanding its mining aftermarket, repair and manufacturing operations.

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Inside ANEW Resort Wilderness, a serene escape on South Africa’s garden route

ANEW Resort Wilderness offers a relaxing Garden Route escape with comfortable rooms, dining, spa treatments and easy access to South Africa’s coast.

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South African mall owner Resilient moves to cut reliance on power grid

Resilient REIT is expanding solar and battery storage as South African mall owners seek to cut grid reliance and manage rising electricity costs.

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South Africa’s grocery AI race heats up as Sixty60 adds conversational AI

South Africa’s grocery AI race heats up as Sixty60 adds Pixie Smart Chat, challenging Pick n Pay’s Penny and reshaping online shopping.

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