Timilehin Adejumobi

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1351 Articles

South Africa’s Tongaat Hulett seals Vision Group, IDC takeover deal

Tongaat Hulett takeover deal with Vision Group and IDC secures 250,000 jobs and supports the sugar giant's recovery.

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Exxon Mobil backs South Africa’s first LNG import terminal

South Africa LNG Import Terminal secures Exxon Mobil support, boosting energy security, LNG imports and power generation.

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Australia’s Atomic Eagle expands uranium footprint in Zambia

Atomic Eagle uranium Zambia expansion boosts Zambia project output as new drilling extends high-grade mineral zones.

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Manta Resort: Africa’s sole underwater hotel experience in Tanzania

Manta Resort underwater hotel Tanzania redefines luxury in Pemba Island with Africa’s only underwater suite in the Indian Ocean.

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Outgoing Italtile CEO Lance Foxcroft receives $1.2 million salary in 2025

Italtile CEO Lance Foxcroft salary 2025 rises to $1.2 million as earnings grow despite weak demand and retail pressure.

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Africa’s mobile tech boom set to generate $290 billion by 2030

Africa mobile tech growth 2030 GSMA report shows $290bn impact by 2030, driven by digital economy, AI, and mobile expansion.

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Angola’s Sonangol secures $2.6 billion in foreign financing

Sonangol secures $2.6 billion financing from global lenders to fund growth, refinery expansion and Angola's energy ambitions.

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Egypt secures $800 million EU-backed clean-energy grid deal

Egypt Clean Energy Grid Deal secures $800 million in EU-backed funding to expand renewables, modernize grids and boost growth.

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Libya signs new oil deals with global firms after licensing round

Libya oil deals with Eni, Repsol and QatarEnergy boost exploration, foreign investment and Africa's energy growth.

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World Bank to unlock $750 million Kenya lifeline, boost Africa growth

World Bank Kenya $750 million lifeline boosts Kenya’s economy with budget support, reforms, and climate resilience funding.

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India’s Prestige Denim expands in Africa with $20 million Egypt plant

Prestige Denim Egypt Plant marks a $20 million investment in Egypt, boosting textile exports, manufacturing growth and jobs.

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Malagasy billionaire Hassanein Hiridjee’s AXIAN Telecom secures $197 million to drive expansion

AXIAN Telecom $197 million loan from EBRD boosts Africa expansion, digital infrastructure and telecom network growth plans.

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