Naivas Supermarkets, one of Kenya’s leading retail chains, has announced a leadership transition aimed at strengthening its long-term growth strategy. Effective 1st November 2025, Andreas von Paleske, currently Chief of …
Corporate Strategy
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BusinessCorporate StrategyKenyaLeadershipRetail
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BusinessCorporate StrategyFinanceInsuranceNewsNigeriaRegulation
Lasaco Assurance Moves to Transfer Annuity Business to Cornerstone Insurance
Lasaco Assurance Plc has announced plans to transfer its annuity business portfolio to Cornerstone Insurance Plc as part of a broader strategic realignment within the company. The announcement was contained …
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Business and EconomyChina-Africa RelationsCorporate StrategyEconomyEgyptForeign AffairsIndustrial DevelopmentInfrastructureINVESTMENTManufacturing
Egypt, China’s Sailun Group Sign $1 Billion Deal for Tire Factory in Suez Canal Economic Zone
Egypt has entered into a major $1 billion agreement with China’s Sailun Group to build a large automotive tire manufacturing plant in the Suez Canal Economic Zone. The deal, announced …
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Corporate StrategyDevelopmentEconomyEnergyGovernment PolicyIndustrial DevelopmentInfrastructureINVESTMENTNigeriaOil & Gas
New Oil Projects Could Raise Nigeria’s Output by 800,000 Barrels a Day
Nigeria’s oil industry may soon experience a major turnaround, as six new offshore projects are expected to boost the country’s crude oil output by about 800,000 barrels per day (bpd). …
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BusinessCorporate StrategyEconomyInternational TradeINVESTMENTRetail
Shoprite Moves to Exit More African Markets Amid Economic Hurdles
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 …