BusinessTourism

Mauritania’s first Sheraton hotel gets $15 million IFC boost

IFC invests $15 million in Mauritania’s first Sheraton hotel, boosting business tourism, jobs and local supply chains.

Feyisayo Ajayi Feyisayo Ajayi
Sharm El Sheikh
Tourism

British developer bets $670 million on Egypt tourism push with Sharm El Sheikh projects

British developer The First Group commits $670 million to build 3,200 hotel units in Sharm El Sheikh, boosting Egypt’s tourism growth.

Feyisayo Ajayi Feyisayo Ajayi
Keneilwe Moloko
Hot NewsBusiness

Keneilwe Moloko: Governance strategist shaping South Africa’s corporate boardrooms

Keneilwe Moloko shapes South Africa’s boardrooms, strengthening governance, risk oversight, and long-term value across major listed companies.

Feyisayo Ajayi Feyisayo Ajayi
Woolworths South Africa
BusinessTechnology

Woolworths South Africa launches AI platform to improve customer experience

Woolworths South Africa launches My Woolies Chef, an AI-powered assistant that helps customers plan meals, discover recipes and shop smarter.

Oluwatosin Alao Oluwatosin Alao
Zambia Hilton hotel
Hot NewsBusiness

IFC plans $50 million loan for Zambia Hilton hotel, Djibouti warehouse

IFC plans a $50 million loan to fund a Hilton hotel in Zambia and a logistics warehouse in Djibouti, boosting tourism and regional supply chains.

Feyisayo Ajayi Feyisayo Ajayi
Tshepo Mahloele
BusinessHot News

South African billionaire Tshepo Mahloele’s Harith secures approval to acquire FlySafair

Harith acquisition of FlySafair wins approval as Tshepo Mahloele’s fund moves closer to controlling South Africa’s top low-cost airline.

Timilehin Adejumobi Timilehin Adejumobi
AirTrunk
Global News

AirTrunk gets $175 million for Malaysia data center expansion

AirTrunk secures up to $175 million from IFC to expand hyperscale data centers in Johor, boosting Malaysia’s digital infrastructure capacity.

Feyisayo Ajayi Feyisayo Ajayi
Nedbank
BusinessHot News

Nedbank CIB backs AngloGold Ashanti’s Geita gold mine with $500 million facility

Geita Gold Mine financing gets a $500 million boost from Nedbank CIB as Tanzania’s largest gold operation expands.

Timilehin Adejumobi Timilehin Adejumobi
Daniel Ofori
BusinessHot News

Ghanaian investor Daniel Ofori’s CalBank posts $21 million profit in H1 2026

CalBank posts $21 million H1 2026 profit as revenue surges, asset quality improves and capital strengthens after recapitalization.

Feyisayo Ajayi Feyisayo Ajayi
Samuel Kamau Macharia
BusinessHot News

Kenyan businessman SK Macharia’s firm regains lead, overtakes President Ruto-linked Amaco

Directline Assurance, owned by SK Macharia regains Kenya’s PSV insurance lead after strong Q1 2026 results, overtaking Ruto-linked Amaco in a shifting market.

Feyisayo Ajayi Feyisayo Ajayi
AFDB
BusinessHot News

AfDB backs Egypt’s Dandara solar project with $66 million financing

Dandara solar project receives $66 million AfDB funding to boost Egypt’s renewable energy, storage capacity and green industry growth.

Timilehin Adejumobi Timilehin Adejumobi
TMG
TourismBusiness

Egyptian billionaire Hisham Talaat Moustafa’s TMG bets big on tourism with hotel expansion

TMG hotel expansion plans aim to double Egypt’s luxury hotel portfolio as Hisham Talaat Moustafa targets tourism growth.

Timilehin Adejumobi Timilehin Adejumobi