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 …
BusinessEconomyEnergyINVESTMENTPublic Sector
Category:
INVESTMENT
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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 …
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AfricaGhanaInnovationINVESTMENTTechnologyTrade and Commerce
Singapore Woos Ghanaian Businesses for Trade, Tech, and Innovation Partnerships
Singapore is urging Ghanaian businesses to tap into new opportunities for investment, trade, and technology partnerships, as it looks to strengthen economic ties with Africa. The call came during a …
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BusinessEconomyFinance & ServicesInsuranceINVESTMENTMarketsNigeria
Guinea Insurance Posts N114.7m Loss in First Half of 2025 Despite Rising Revenue
Guinea Insurance Plc has announced a net loss of N114.7 million for the first half of 2025, marking a sharp reversal from the profit of N116.1 million it recorded in …
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AFRICA NEWSEconomyEnergyEnvironmentInfrastructureINVESTMENT
Mozambique Secures $6.4bn World Bank Deal for Mphanda Nkuwa Dam
The World Bank has agreed to finance the construction of the Mphanda Nkuwa hydropower plant in Mozambique. The massive project is valued at US$6.4 billion (about 406.4 billion meticais) and …