Red Sea luxury Archives

Business Technology

Vumatel secures approval for Herotel fiber network acquisition

Vumatel wins ICASA approval for its Herotel acquisition, expanding fibre broadband access across South Africa.

Timilehin Adejumobi May 15, 2026

Proparco I&M Bank Rwanda MSME partnership

Business Hot News

I&M Group’s Rwanda arm secures $29 million Proparco MSME partnership

I&M Bank Rwanda secures $29.06 million Proparco guarantee to expand MSME lending, targeting women, youth, and high-impact sectors.

Feyisayo Ajayi May 15, 2026

Business Luxury

KCB eyes $54 million windfall from Prime Kenya land sale

KCB Group Plc, East Africa’s largest banking group by assets, is moving ahead with plans to raise about $54 million, or roughly Sh7 billion, from the sale of a long-disputed 2,000-acre parcel in Mavoko, Athi River. The land, tied to a past loan settlement, has become one of the bank’s most complex recovery cases in recent years. The lender is…