By Ayomide Otitoju The Diar Group, in partnership with Staroot Real Estate, has announced a proposed collaboration to develop Diani Residences by CityBlue, a landmark mixed-use residential and hospitality project in Diani Beach, Kenya. The initiative will be formally unveiled at the Future Hospitality Summit Africa in Nairobi on 1 April 2026. Set on approximately…
By Ayomide Otitoju The Coca-Cola system in South Africa—including Coca-Cola, Coca-Cola Beverages South Africa, and Coca-Cola Peninsula Beverages—has announced a planned R17.6 billion investment in the country through 2030. The announcement was made by Luis Felipe Avellar, president of The Coca-Cola Company’s Africa operating unit, at the sixth South Africa Investment Conference (SAIC) in Johannesburg….
By Ayomide Otitoju African Export-Import Bank has committed $2.5 billion to a $4 billion senior syndicated term loan for Dangote Petroleum Refinery and Petrochemicals, reinforcing support for one of Africa’s largest industrial projects. The bank, alongside Access Bank, acted as co-Mandated Lead Arranger for the five-year facility, which is aimed at refinancing existing debt, optimising…
By Ayomide Otitoju JMG Industrial has completed the installation of advanced KAESER air compressor technology at the Gboko facility of Dangote Cement in Benue State, enhancing operational efficiency and production reliability. The project followed a detailed system audit and airflow analysis, leading to the deployment of eight high-performance Kaeser rotary lobe blower units designed for…
By Ayomide Otitoju Coronation Group has hosted the Coronation Women Initiative Network (WIN) Conference 2026, bringing together over 500 participants in Lagos to promote women’s leadership and sustainable development within the financial services sector. The conference, held as part of activities marking International Women’s Month, convened female professionals from Coronation’s offices in Ghana, Port Harcourt,…
By Ayomide Otitoju Pernod Ricard Nigeria has reaffirmed its commitment to gender equity and inclusion through its Women’s Network initiative, positioning itself as a strong advocate for women in leadership and inclusive business practices. The company recently hosted a gathering themed “Women Who Raise the Bar,” bringing together female leaders and professionals to explore the…
By Ayomide Otitoju Nigerian National Petroleum Company Limited has marked a significant milestone in the country’s oil sector with the export of 950,000 barrels of the newly introduced Cawthorne Blend crude, signalling a boost for Nigeria’s revenue and global market presence. The first shipment was lifted via the FSO Cawthorne, Nigeria’s first new crude oil…
Air Canada has announced that its Chief Executive Officer, Michael Rousseau, will retire later in 2026, following controversy over his response to a fatal airport incident. The airline disclosed that Rousseau informed the board of his decision to step down by the end of the third quarter, with a succession process already underway. The development…
By Ayomide Otitoju The Islamic Development Bank Group has concluded its IsDB Group Day in Nigeria, convening senior government officials, private sector leaders, financial institutions, and development partners to تعزيز collaboration and promote private sector–driven growth. The high-level event, held on March 30, 2026, highlighted Nigeria’s strategic position as Africa’s largest economy and underscored the…
