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Novus print asset sale
Featured

Novus Holdings cuts print business sale to $5.2 million after due diligence review

Novus trims print asset sale to $5.2 million after due diligence, extending deadline as it refines portfolio and capital strategy.

Feyisayo Ajayi Feyisayo Ajayi
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Angola seeks AfDB loan as oil supports growth amid debt pressure
AfDB loan

Angola seeks AfDB support as oil cushions impact of global shocks

Angola is seeking fresh support from the African Development Bank as it works to steady its finances in a volatile global environment, even as stronger oil prices offer some relief.  The government is in talks for a $165 million budget support loan, part of a wider plan to raise about $1 billion from external sources this year. Officials say the funding will help cushion vulnerable households from the effects of the Middle East conflict while keeping spending on track.  Finance…

Oluwatosin Alao Oluwatosin Alao
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easyJet Marrakech launch
Africa aviation

easyJet opens first African base in Marrakech, launches six new routes     

easyJet opens its first African base in Marrakech, adds six new routes and expands Morocco network as tourism demand from Europe continues to grow.

Timilehin Adejumobi Timilehin Adejumobi
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Mpumi Madisa, Chief Executive Officer of Bidvest Group.
Bidvest Group

Mpumi Madisa: Gauteng-born executive behind $4.9 billion South African giant, Bidvest Group

Gauteng-born Mpumi Madisa leads Bidvest Group, a $4.9 billion South African conglomerate, overseeing growth, expansion and steady financial performance.

Omokolade Ajayi Omokolade Ajayi
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Central Bank of Kenya

Kenya scrambles for World Bank rescue as Iran war shakes economy

Kenya seeks World Bank support as Iran conflict-driven oil prices strain inflation, currency stability and economic growth outlook.

Omokolade Ajayi Omokolade Ajayi
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Shirley Machaba CEO PWC South Africa
audit industry

Meet Shirley Machaba: First Black woman to lead PwC South Africa

Shirley Machaba appoints as PwC South Africa’s first Black woman CEO, leading audit reforms and restoring trust in governance at PwC South Africa

Timilehin Adejumobi Timilehin Adejumobi
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Meta ends Sama deal; 1,100 Kenyan jobs lost as AI takes over
Africa tech

Meta drops Sama, leaving 1,100 Kenyan workers facing layoffs

Meta Platforms is ending its contract with Kenyan outsourcing firm Sama, a decision that will leave more than 1,100 people out of work and reshape how the company manages content moderation in Africa.  The move marks a shift for the Facebook owner as it leans more on artificial intelligence to police harmful content, reducing its reliance on large teams of human reviewers. It also brings fresh attention to the role Kenya has played in supporting global tech operations.  For years,…

Oluwatosin Alao Oluwatosin Alao
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Spear REIT Watergate
Featured

Spear REIT acquires Watergate Centre in Cape Town for $27 million

Spear REIT to acquire Cape Town’s Watergate Centre for $27 million, boosting Western Cape retail assets and stable rental income.

Feyisayo Ajayi Feyisayo Ajayi
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Microsoft
Artificial Intelligence

Microsoft expands Africa footprint with $329 million South Africa investment

Microsoft invests $329 million in South Africa to expand cloud infrastructure, scale AI capacity, and strengthen the digital skills pipeline.

Timilehin Adejumobi Timilehin Adejumobi
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