Shoprite Holdings, Africa’s largest supermarket chain, is gradually winding down operations in more African countries as it shifts attention back to its core market in South Africa. According to analysts …
INVESTMENT
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BusinessCorporate StrategyEconomyInternational TradeINVESTMENTRetail
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EconomyEnergyGOVERNMENTInfrastructureINVESTMENTOil & Gas
Lokpobiri Begs EPC Contractors to Return as Nigeria Seeks Oil Sector Revival
The Minister of Petroleum Resources (Oil), Heineken Lokpobiri, has called on Engineering, Procurement, and Construction (EPC) companies that exited Nigeria in recent years to return, as the country pushes for …
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AgribusinessAgricultureEconomyFood ProductionGovernment PolicyINVESTMENTNigeria
NSDC Urges Nigerian Farmers and Investors to Explore Sugar Industry Opportunities
The Executive Secretary of the National Sugar Development Council (NSDC), Mr. Kamar Bakrin, has urged members of the All Farmers Association of Nigeria (AFAN) and other potential investors to take …
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BusinessEconomyEnergyINVESTMENTPublic Sector
South Africa’s Capital Projects Drop Amid Low Government Investment
South Africa’s plan to spend more on new capital projects has dropped sharply in the first half of 2025, as both the government and state-owned companies failed to introduce fresh …
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AviationEconomyInfrastructureINVESTMENTNigeria
Port Harcourt Airport Generates N21.41bn in 3 Years, Eyes PPP for Future Growth
The Regional General Manager, South South, and Airport Manager of the Obafemi Jeremiah Awolowo International Airport (PHIA), Omagwa, Mrs. Ifesinachi Lynda Ezike, has revealed that the airport generated N21.41 billion …
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DevelopmentEconomyInnovationINVESTMENTStartupsTechnology
NSIA Rewards Top Nigerian Startups With $280,000 Innovation Prize
The Nigeria Sovereign Investment Authority (NSIA) has awarded a total of $280,000 to promising Nigerian startups at the grand finale of the third edition of its NSIA Prize for Innovation, …
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BusinessDiasporaEconomyEmploymentINVESTMENTNigeriaReal EstateTravel & Tourism
Pelican Valley CEO Says Real Estate Can Cut Nigeria’s Unemployment by 50%
Dr. Babatunde Adeyemo, the Chief Executive Officer of Pelican Valley Nigeria Limited, has said that Nigeria can reduce its unemployment rate by 50 percent if the country embraces real estate …
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BusinessEconomyHealthcareINVESTMENTStartupsTechnology
W Health Ventures Plans $100 m for Indian Health Startup Growth
W Health Ventures, a health-focused investment company, is planning to raise a new fund of $70 million (about ₦105 billion) with a possibility of going as high as $100 million …
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BusinessEconomyFinance & ServicesInsuranceINVESTMENTNewsNigeria
Nigeria Liability Insurance Pool Reports 118% Growth in Net Surplus for 2024
The Nigeria Liability Insurance Pool (NLIP) has announced a significant financial performance for the 2024 fiscal year, posting a net surplus of ₦708.24 million, a 118 per cent increase from …
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AFRICA NEWSDevelopmentEnergyInfrastructureSmall BusinessWorld Bank Projects
Malawi’s MEAP Project Lights Up Homes, Boosts Small Businesses
The Malawi Electricity Access Project (MEAP), which is being run by the Electricity Supply Corporation of Malawi (ESCOM) with financial support from the World Bank, is bringing a major change …