Mulilo’s R15bn Investment: A Strategic Catalyst for South Africa’s Energy Grid
At the South Africa Investment Conference 2026 in Johannesburg, Mulilo announced a landmark commitment of nearly R15 billion, marking a pivotal moment for the nation’s energy sector and economic landscape. This capital injection is not merely a financial pledge; it is a strategic deployment aimed at accelerating South Africa’s energy security through large-scale infrastructure development. […]
West African Development Bank (BOAD): strong growth in financial indicators, XOF501 billion of funding granted and launching of the new strategic plan “Djoliba… The next step”
Following the 150th ordinary meeting of its Board of Directors held on 25 and 26 March in Dakar, under the chairmanship of Mr. Serge EKUE, the WAMU Council of Ministers, at its meeting held on Friday 27 March, formally approved all of the institution’s strategic proposals. This dual approval confirms the Bank’s financial strength and […]
CityBlue Hotels announces Oceara Residences by CityBlue in Watamu, Kenya
CityBlue Hotels, a member of The Diar Group, Africa’s fastest-growing local hotel chain, is pleased to announce a deal with Sands of Darakasi Resort Ltd for the development and operation of Oceara Residences by CityBlue, a landmark beachfront hospitality project in Watamu, Kenya. Set on an approximately 6-acre prime beachfront site with over 130 metres […]
CityBlue Hotels Announces Launch of Diani Beach Residences by CityBlue
The Diar Group in partnership with Staroot Real Estate, is pleased to announce a proposed collaboration to develop and operate Diani Residences by CityBlue, a landmark mixed-use residential and hospitality development in Diani Beach. The announcement will be unveiled at the Future Hospitality Summit Africa (www.FutureHospitality.com) taking place in Nairobi on 1 April 2026. Set […]
The First Group Hospitality and MIDROC Investment Group Sign Master Agreement for 10 Properties in Ethiopia
The First Group Hospitality and MIDROC Investment Group have signed a master agreement to develop and operate 10 properties across Ethiopia, marking a significant growth of internationally branded hospitality assets in the East African country. The agreement was formalized during the Future Hospitality Summit Africa (www.FutureHospitality.com) in Nairobi. The portfolio includes independent and Marriott-branded franchised […]
The Coca-Cola System in South Africa Announces R17.6 Billion Investment, Supporting Economic Growth
The Coca-Cola system in South Africa, comprised of Coca-Cola (http://www.Coca-ColaCompany.com) and its authorized bottlers – Coca-Cola Beverages South Africa and Coca-Cola Peninsula Beverages – today announced a planned R17.6 billion investment in South Africa through 2030. The announcement was made by Luis Felipe Avellar, president of The Coca-Cola Company’s Africa operating unit, at the sixth […]
Radisson Hotel Group Surpasses 100 Hotels in Africa, Accelerating 2030 Growth Ambition
Radisson Hotel Group (www.RadissonHotels.com) has reached a significant milestone in Africa, with more than 100 hotels across the continent in operation and under development. Radisson Blu continues to anchor the legacy footprint. At the same time, the Radisson brand is the fastest riser, supported by a strong conversion engine and a concrete pipeline that continues […]
Wingu Africa Launches Wingu Cloud Exchange in Ethiopia
Wingu Africa (www.Wingu.Africa), the pioneering specialist provider of carrier-neutral, Tier III-standard data centres in East Africa, has announced the launch of the Wingu Cloud Exchange (WCX), a new private cloud platform tailored specifically for East African businesses and now available in Ethiopia. With WCX, Ethiopian organisations can keep their data securely within the country, ensuring […]
Rift Over Oil and Gas Discrimination Claims Evident in Institutional Boycott of London African Energy Summit
The industry-wide boycott of the upcoming Africa Energies Summit will continue as the conference organizers Frontier Energy Network refuse to abandon their policy of discrimination. The Mozambique oil industry alongside petroleum ministers from the African Petroleum Producers Organization have already withdrawn from the conference, citing concerns over the treatment of Black professionals and broader local […]
Afreximbank Underwrites US$2.5-billion in a US$4-Billion Syndicated Term Loan for Dangote Petroleum Refinery and Petrochemicals Free Zone Enterprise (FZE)
African Export-Import Bank (Afreximbank) (www.Afreximbank.com) is pleased to announce that it has underwritten US$2.5 billion in the US$4-billion senior syndicated term loan in favour of Dangote Petroleum Refinery and Petrochemicals FZE (DPRP). Afreximbank and Access Bank were appointed co-Mandated Lead Arrangers for the five-year facility to consolidate existing financing, optimise its capital structure and align […]
