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Africa electrification Mission 300
BusinessGlobal NewsHot News

World Bank, AfDB, Rockefeller launch Mission 300 council to drive Africa’s $300m electrification push

World Bank, AfDB and Rockefeller launch Mission 300 council to mobilize private capital and expand electricity access to 300 million…

Feyisayo Ajayi Feyisayo Ajayi
Lowe’s $250 million skilled trades initiative
BusinessGlobal NewsHot News

Lowe’s led by Black exec. Marvin Ellison plans $250 million investment to train 250,000 tradespeople

Lowe’s CEO Marvin Ellison expands foundation pledge to $250 million to train 250,000 U.S. skilled trades workers by 2035.

Feyisayo Ajayi Feyisayo Ajayi
Egypt dims Cairo nightlife as rising fuel costs force early closures
BusinessGlobal News

Egypt curbs Cairo nightlife to ease rising energy costs

Egypt dims Cairo nightlife as rising fuel costs force early closures, hitting businesses, tourism and daily life.

Oluwatosin Alao Oluwatosin Alao
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Zimbabwe launches new ZiG banknotes to rebuild trust in local currency
African markets

Zimbabwe launches new banknotes to restore trust in local currency

Zimbabwe has launched a new series of banknotes, part of a fresh effort to rebuild confidence in its local currency after years of economic instability. Authorities say the move is aimed at encouraging wider use of the Zimbabwe Gold (ZiG) and easing the country’s heavy reliance on the U.S. dollar.  The rollout, announced Tuesday, marks another step in a broader currency reform plan introduced in 2024, when Zimbabwe replaced its struggling dollar with the gold-backed ZiG. Officials have framed the…

Oluwatosin Alao Oluwatosin Alao
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1,700 British tourists sue Tui over illness on Cape Verde trips
British tourists

British Travelers file suit against Tui over Cape Verde illness

Cape Verde, the West African archipelago known for its sun-drenched beaches and mild climate, has long been a favorite escape for British holidaymakers. For many, the islands’ turquoise waters, volcanic landscapes, and all-inclusive resorts offer a welcome break from rainy skies and chilly temperatures back home.  But the dream holiday has taken a darker turn for some. Nearly 1,700 British tourists are now suing travel giant Tui, alleging they became seriously ill while on package holidays to the islands. The…

Oluwatosin Alao Oluwatosin Alao
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OCI Global ammonia sale AGROFERT
AGROFERT nitrogen expansion

OCI Global finalizes sale of ammonia unit to AGROFERT in $335 million deal

OCI Global sells ammonia unit to AGROFERT for $335 million, advancing portfolio reshaping while securing continued supply access.

Feyisayo Ajayi Feyisayo Ajayi
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Aboubakri Diaw, ECA chief of staff, calls Africa’s current health funding model “damaging.”
AfCFTA

ECA launches plan to boost sustainable funding for Africa’s health systems

Africa’s health systems are facing renewed pressure as governments struggle to balance rising costs with limited public funds. For many families, the strain is personal — healthcare bills are still largely paid out of pocket, often pushing households deeper into poverty.  At the same time, policymakers are under growing pressure to deliver better services with tighter budgets. Health spending remains below expectations in many countries, even as populations expand and demand for care rises.  Against this backdrop, the UN Economic…

Oluwatosin Alao Oluwatosin Alao
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Senegal raises $537 million in bond sale, strong demand eases debt concerns
African markets

Senegal raises $537 million in bond sale, signaling strong investor demand

Senegal raised 304.15 billion CFA francs ($537.6 million) in its first sovereign bond sale of 2026, beating its target by a wide margin and pointing to steady demand for African debt. The result gives the government short-term breathing room as it faces tighter conditions in global markets.  The sale drew strong interest from both institutional and retail investors, coming in more than 50 percent above the initial goal of 200 billion CFA francs. Officials say the outcome reflects continued confidence…

Oluwatosin Alao Oluwatosin Alao
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Richest Arab families 2026
Arab business dynasties

5 richest Arab families in 2026 ranked by net worth

Five richest Arab families in 2026 leverage energy, real estate, and telecoms to build multibillion-dollar empires and global influence.

Feyisayo Ajayi Feyisayo Ajayi
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Egypt’s Waterway plans a $190 million real estate fund as demand rises
Africa property market

Waterway to launch $190 million real estate fund targeting Africa growth

Egypt’s property market is drawing renewed investor interest as developers look for steady income in a volatile economy. The Waterway Developments is preparing to launch a $190 million real estate fund, adding to a growing pool of structured investment vehicles across Africa.  The Cairo-based firm plans to roll out the fund in the first half of 2026, at a time when demand for residential and commercial space remains firm despite cost pressures. Foreign buyers, particularly from the Gulf, have continued…

Oluwatosin Alao Oluwatosin Alao
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IFC Banco Industrial $850 million financing
Featured

IFC backs Banco Industrial with $850 million to boost Guatemala’s banking sector

IFC plans $850 million financing for Banco Industrial to strengthen Guatemala’s banking sector and deepen capital markets.

Feyisayo Ajayi Feyisayo Ajayi
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AB InBev chairman retirement
AB InBev chairman retirement

Chairman of the world’s largest brewer, Martin Barrington to retire after nearly a decade on board

AB InBev Chairman Martin Barrington will retire April 29, ending nearly a decade overseeing strategy, governance and global growth.

Feyisayo Ajayi Feyisayo Ajayi
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