debt repayment Archives

Nigeria’s LAPO gets $10 million IFC loan to expand MSME lending

IFC plans $10 million loan to LAPO MFB to expand MSME lending, boost digital finance, and deepen financial inclusion across Nigeria.

Feyisayo Ajayi April 1, 2026

Mozambique clears $701 million IMF debt as African nations cut borrowing

Business Global News

Mozambique clears IMF debt as African nations cut foreign borrowing

Mozambique has fully repaid its $701 million debt to the International Monetary Fund, a rare move among African economies working to ease pressure from external borrowing and tighten public finances. The payment, disclosed in a research note by Standard Bank, clears Mozambique’s balance with the Washington-based lender and brings an end to its outstanding obligations. It also led to the…

Oluwatosin Alao April 1, 2026

Business

Moroccan Mohammed Bouzoubaa’s construction group posts $95 million profit in 2025

TGCC posts $95.2 million profit in 2025, up 82.4%, driven by strong execution, rising backlog and disciplined balance sheet management.

Feyisayo Ajayi April 1, 2026

CityBlue Hotels rolls out AI concierge across Africa, lifts guest experience

Technology Tourism

CityBlue Hotels rolls out AI concierge across Africa, reshaping stays

CityBlue Hotels is introducing AI-powered concierge systems across its properties, deepening its push into digital operations as competition rises in Africa’s hospitality sector. The rollout, developed with UK-based Inntelo AI, reflects a broader shift among hotel operators toward faster service and more personalized guest experiences. The move comes as travel across Africa picks up, supported by stronger regional mobility and…

Oluwatosin Alao April 1, 2026