African business Archives

World Bank backs Morocco with $500 million to boost jobs, clean energy

World Bank backs Morocco with $500 million to boost jobs, green growth

The World Bank has approved a $500 million financing package for Morocco, deepening support for job creation and green growth as the country pushes ahead with economic reforms. The funding comes as officials face rising pressure to address youth unemployment and bring more women into the workforce, while also strengthening Morocco’s position in renewable energy and manufacturing. It reflects a…

Oluwatosin Alao April 12, 2026

Luxury Tourism

South Africa’s Michelangelo Hotel shuts amid ownership battle at legacy

Michelangelo Hotel in Sandton remains shut as a takeover battle between Legacy shareholders heads to appeal, leaving the landmark property idle.

Timilehin Adejumobi April 12, 2026

Business Hot News Luxury

Why Ugandan businessman Mohammed Hamid’s $300 million Pearl of Africa Hotel is still in debt crisis

Ugandan businessman Mohammed Hamid risks losing his $300 million hotel as $160 million debt pushes it toward possible auction.

Feyisayo Ajayi April 12, 2026

Nigerian billionaire businessman Tony Elumelu.

Billionaires Business Hot News

Nigerian billionaire Tony Elumelu’s Seplat stake tops $800 million as shares climb

Nigerian billionaire Tony Elumelu’s Seplat stake surpasses $800 million as oil rally and earnings lift shares.

Omokolade Ajayi April 12, 2026

Business Hot News

Why African conglomerates are spinning off units to unlock value

African conglomerates are spinning off units to unlock value, reduce conglomerate discounts, and attract deeper global capital markets.

Timilehin Adejumobi April 12, 2026

Tag: African business

Why African conglomerates are spinning off units to unlock value

World Bank backs Morocco with $500 million to boost jobs, green growth

South Africa’s Michelangelo Hotel shuts amid ownership battle at legacy

Why Ugandan businessman Mohammed Hamid’s $300 million Pearl of Africa Hotel is still in debt crisis

Nigerian billionaire Tony Elumelu’s Seplat stake tops $800 million as shares climb

Why African conglomerates are spinning off units to unlock value

World Bank backs Morocco with $500 million to boost jobs, green growth

South Africa’s Michelangelo Hotel shuts amid ownership battle at legacy

Why Ugandan businessman Mohammed Hamid’s $300 million Pearl of Africa Hotel is still in debt crisis

World Bank backs Morocco with $500 million to boost jobs, green growth

South Africa’s Michelangelo Hotel shuts amid ownership battle at legacy

Why Ugandan businessman Mohammed Hamid’s $300 million Pearl of Africa Hotel is still in debt crisis

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