Uchumi insolvency Kenya retail Archives

UK, IFC sign $3.1 million deal to expand agribusiness financing in DR Congo

UK and IFC have signed a $3.1 million deal to expand agribusiness financing in DR Congo, boosting credit access for farmers and SMEs sector.

Feyisayo Ajayi April 16, 2026

Business Hot News

Kenya’s Uchumi Supermarkets flags $55 million insolvency ahead of first AGM in eight years

Uchumi Supermarkets, under restructuring, says it is Ksh7.05 billion ($55 million) insolvent as of June 2025, signaling financial strain ahead of AGM.

Feyisayo Ajayi April 16, 2026

Luxury Tourism

Rotana unveils 30-night ‘Monthcation’ stay across global portfolio

Rotana unveils a 30-night “Monthcation” stay across 100+ properties, targeting travelers blending work, family and leisure with fixed monthly pricing.

Timilehin Adejumobi April 16, 2026

Stellantis, Microsoft expand 5-year AI deal for cloud and car tech push

Business Technology

Stellantis, Microsoft strike 5-year AI deal with Africa in focus

Stellantis and Microsoft have agreed to a five-year partnership that deepens their collaboration in artificial intelligence, cloud computing, and cybersecurity. The companies say the deal is aimed at reshaping how Stellantis designs, builds, and manages vehicles as the auto industry moves further into software-led systems. The agreement reflects a broader push by global carmakers to rely more heavily on technology…

Oluwatosin Alao April 16, 2026

Business Hot News

South Africa’s Tharisa advances $391 million to complete phase 1 of Karo project in Zimbabwe

Tharisa nears full financing for its $391 million Karo Platinum project in Zimbabwe, targeting first production by H2 2027.

Feyisayo Ajayi April 16, 2026

Tag: Uchumi insolvency Kenya retail

Kenya’s Uchumi Supermarkets flags $55 million insolvency ahead of first AGM in eight years

UK, IFC sign $3.1 million deal to expand agribusiness financing in DR Congo

Kenya’s Uchumi Supermarkets flags $55 million insolvency ahead of first AGM in eight years

Rotana unveils 30-night ‘Monthcation’ stay across global portfolio

Stellantis, Microsoft strike 5-year AI deal with Africa in focus

South Africa’s Tharisa advances $391 million to complete phase 1 of Karo project in Zimbabwe

UK, IFC sign $3.1 million deal to expand agribusiness financing in DR Congo

Kenya’s Uchumi Supermarkets flags $55 million insolvency ahead of first AGM in eight years

Rotana unveils 30-night ‘Monthcation’ stay across global portfolio

UK, IFC sign $3.1 million deal to expand agribusiness financing in DR Congo

Kenya’s Uchumi Supermarkets flags $55 million insolvency ahead of first AGM in eight years

Rotana unveils 30-night ‘Monthcation’ stay across global portfolio

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