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14/03/2026

Arabella Hotel & Spa, located within the UNESCO‑recognized Kogelberg Biosphere Reserve along South Africa’s iconic Whale Coast, has emerged as a top-tier luxury destination that fuses pristine natural landscapes with world-class hospitality.

Just 90-minute drive from Cape Town, this five-star resort combines leisure, wellness, fine dining, and outdoor adventure, positioning itself as a must-visit retreat for luxury travelers and eco-tourists alike.

Arabella’s award-winning spa goes beyond traditional pampering, offering a full spectrum of holistic wellness experiences.

Guests can enjoy heated hydrotherapy pools, outdoor lap pools, steam rooms, saunas, and African-inspired signature treatments such as the multi-step African Rainforest ritual designed for deep relaxation and rejuvenation.

Fitness enthusiasts are equally catered for with state-of-the-art gym facilities and tennis courts, allowing visitors to balance indulgence with vitality.

The resort’s wellness philosophy seamlessly integrates global expertise with local, nature-driven therapies, making it a standout among South Africa’s luxury spa resorts.

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14/03/2026

Alex Karp, the black tech billionaire and chief executive officer of Palantir Technologies, bought a $46 million mansion on Miami’s Venetian Islands in June, months before the data-analytics firm shifted its headquarters from Denver to nearby Aventura.

Property records show the 9,700-square-foot waterfront home at 55 East San Marino Drive on San Marino Island was purchased by Hibiscus East LLC.

State filings list New Hampshire-based lawyer Patrick Collins as the company’s representative. Collins has also appeared in records tied to other real estate linked to Karp.

Palantir relocated its headquarters last month to a co-working space near Aventura Mall in South Florida.

The move came after years in Denver, where the company’s offices were the focus of protests tied to its work with the U.S. Department of Defense and U.S. Immigration and Customs Enforcement.

Demonstrations have continued following the company’s arrival in South Florida. Palantir builds software that helps governments and companies analyze large sets of data.

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14/03/2026

In one of the world’s most underbanked economies, access to credit can mean the difference between survival and growth for thousands of small businesses.

Now, the private sector arm of the World Bank Group, the International Finance Corporation, is stepping in with a Sharia-compliant loan of up to $1 million to KIMS Microfinance to help expand financing for micro and very small enterprises in Somalia.

In a country where roughly 67% of people live below the poverty line and fewer than 5% of adults use formal bank accounts, the funding could unlock critical capital for entrepreneurs who often operate outside the traditional financial system.

Backed by concessional support from the International Development Association’s Private Sector Window, the initiative also aims to mobilize additional lenders and scale financial products tailored for women and underserved communities.

For Somalia’s emerging financial sector, the deal signals growing confidence that microfinance can drive entrepreneurship, job creation, and long-term economic resilience.

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14/03/2026

FSD Africa Investments (FSDAi) and Allied Climate Partners (ACP) have kicked off a $200 million push to accelerate Africa’s energy transition, committing $50 million in catalytic capital to the first close of the African Transition Acceleration Fund (ATAF).

The fund aims to unlock early-stage clean energy projects across the continent, bridging a critical financing gap in renewable infrastructure.

Managed by African Infrastructure Investment Managers (AIIM), ATAF will invest in three priority areas: renewable power and energy efficiency, sustainable transport including electric vehicles, and clean fuels such as green ammonia, biofuels, and low-carbon fertilizers.

By targeting early-stage developers, the fund seeks to turn innovative climate infrastructure ideas into bankable projects, while fostering economic growth and job creation across Africa.

“Africa’s energy transition cannot wait for conventional investors to take the first step,” said Anne-Marie Chidzero, Chief Investment Officer at FSDAi.

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14/03/2026

Ethiopia has signed $4.2 billion in mining investment agreements with three companies to accelerate development of the country’s gold, potash, and iron ore resources, marking one of the largest recent pushes to expand Africa’s fast-growing mining sector and mineral exports.

The deals, announced by the Ethiopian Ministry of Mines in the capital Addis Ababa, aim to unlock the East African nation’s largely untapped mineral wealth while strengthening industrial production and export revenues.

The agreements were signed by Mines Minister Habtamu Tegegne alongside executives from the participating firms.

The investments form part of the government’s broader strategy to transform Ethiopia into a regional mining hub, while supporting domestic industries that rely on critical raw materials such as fertilizer inputs, iron, and precious metals.

Under the agreements, ZYTB DIM Metals and Minerals Manufacturing PLC, a joint venture between Ethiopian and Chinese investors, will lead iron ore production, targeting large-scale extraction designed to supply both domestic manufacturers and export markets.

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14/03/2026

Africa’s high-growth companies are attracting a new wave of global investment. The International Finance Corporation (IFC) is planning a $20 million equity commitment to Lightrock Africa Fund II, a private equity vehicle targeting fast-expanding firms across the continent.

Alongside a $5 million co-investment facility, this move is designed to strengthen access to growth capital for emerging African businesses.

The fund, aiming to raise $150–200 million, will focus on Kenya, South Africa, and Nigeria, investing $10–20 million per company in minority stakes and providing strategic board support. IFC’s commitment signals confidence to global investors and could catalyze broader participation in Africa’s private equity ecosystem.

Advised by Lightrock Kenya Ltd and backed by international stakeholders, the fund seeks to expand operational capacity, accelerate growth, and demonstrate the scalability of Africa’s small-cap private equity model, potentially reshaping the continent’s investment landscape.

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14/03/2026

Angola is taking a major step toward deeper integration into global trade. The International Finance Corporation (IFC), the private-sector arm of the World Bank Group, is considering a $30 million trade finance facility for Banco de Fomento Angola (BFA).

This move is set to boost the bank’s cross-border trade capabilities and expand access to financing for Angolan businesses, from SMEs to large corporates.

Under IFC’s Global Trade Finance Program, the facility would provide guarantees to international banks confirming BFA-issued trade instruments, reducing risk and opening channels for global commerce.

BFA, Angola’s second-largest bank with over 3.4 million customers and a nationwide presence, is poised to leverage this support to strengthen trade operations, enhance correspondent banking relationships, and connect local enterprises to international markets.

This initiative signals a stronger, more resilient trade ecosystem for Angola, one that bridges local businesses to the world and fuels economic growth.

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14/03/2026

After a 25-year bet on Kenya’s banking sector, one of East Africa’s most influential investment firms is finally cashing out.

Centum Investment Company has exited Sidian Bank, selling its final stake and bringing to a close a relationship that helped shape the lender’s rise in Kenya’s SME banking market.

The investment, executed through Bakki Holdco, gave Centum an effective 13.6 percent stake in the fast-growing bank. For more than two decades, the Nairobi-based firm backed Sidian’s expansion among small and medium-sized businesses, a segment that has become a cornerstone of Kenya’s financial system.

The exit also underscores the enduring legacy of Chris Kirubi, the late Kenyan tycoon who built Centum into a diversified investment powerhouse spanning banking, real estate, and manufacturing.

Now, with the Sidian chapter closed, Centum is preparing for its next move.

The firm is expected to redeploy capital into new high-growth sectors across East Africa, signaling a fresh phase in its long-term investment strategy.

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14/03/2026

Luxury real estate in East Africa is entering a new phase, and one of Uganda’s most influential tycoons is leading the charge.

Sudhir Ruparelia, through Meera Investments Limited, is developing One Ten Apartments, a 15-storey luxury residential tower set to rise in Kampala’s prestigious Kololo district.

The project will feature 156 high-end apartments, ranging from one- to four-bedroom units, designed with premium finishes, Italian tiles, and spacious layouts spanning up to 250 square metres. Beyond the residences, the development promises lifestyle-focused amenities, including a rooftop swimming pool with panoramic city views, a poolside bar, secure basement parking, and standby power systems.

Positioned along Prince Charles Drive, One Ten Apartments is part of Meera Investments’ strategy to meet rising demand for premium housing in Kampala while delivering attractive investment returns. Rental yields in Kololo are projected at 8 to 16 percent annually, highlighting strong demand for upscale urban living.

For Ruparelia, the project further expands a property empire that already includes landmark developments like Pearl Business Park and Kingdom Kampala.

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14/03/2026

South Africa’s economic rebound faces fresh pressure as Brent crude briefly surged above $100 a barrel this week, highlighting the risks high oil prices pose to growth and inflation.

Economists at Standard Bank estimate that every $10 rise in oil could shave roughly 20 basis points off GDP.

Chief executive Sim Tshabalala warned that prolonged high prices would filter through to borrowing costs, inflation, and economic growth, just as the country recorded its fastest annual expansion in three years.

GDP grew 1.1 percent in 2025, up from 0.5 percent in 2024, with agriculture leading at 17.4 percent growth. Trade, finance, and transport also contributed, helping offset long-standing bottlenecks in power and logistics.

While oil exporters like Nigeria and Angola may benefit, import-dependent economies, including South Africa, face rising fuel, transport, and food costs. The fragile recovery now hangs on oil market volatility and global geopolitical tensions.

14/03/2026

Zimbabwe’s dairy sector is on the cusp of transformation. The Competition and Tariff Commission (CTC) has approved the acquisition of Dendairy (Pvt) Ltd by Vamara Group Limited, a subsidiary of Mauritius-based Export Trading Group (ETG), subject to safeguards ensuring fair competition.

The deal consolidates ETG’s footprint in Zimbabwe’s agriculture and food-processing sectors, linking stockfeed production with dairy processing, a vertical merger that required careful scrutiny. With conditions in place to prevent discriminatory trading, the move promises to stabilize operations, secure supply chains, and strengthen milk production across the country.

Founded in 1967, ETG already operates in 48 countries across six continents, spanning agribusiness, logistics, energy, and more. Dendairy, with its farms in Kwekwe and network of contract farmers, stands to benefit from operational support and regional growth opportunities.

This acquisition signals a renewed push to modernize Zimbabwe’s dairy industry while protecting competition and expanding access to essential dairy products.

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14/03/2026

Egypt’s fintech race is entering a new phase, and one of its most ambitious founders is preparing a massive funding push.

Mounir Nakhla, founder of MNT‑Halan, is planning a debt financing program worth up to EGP30 billion ($572 million) in 2026 as the digital financial services platform accelerates expansion across the Middle East and South Asia.

The fintech group, already operating in Egypt, Turkey, Pakistan and the United Arab Emirates, plans to raise the capital through securitization issuances and bond offerings, strengthening its non-bank financial services ecosystem.

The numbers show why the company is scaling fast: 70,000 to 120,000 financial cards issued monthly, more than 1.2 million activated cards, and over 100,000 users investing through its app-based platform.

Now, MNT-Halan is pushing deeper into financial services, targeting mortgage finance and expanding AI-driven operations.

As fintech adoption surges across emerging markets, Nakhla’s strategy signals a bold attempt to build one of the region’s most powerful digital financial ecosystems.

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