South African discount retailer Pepkor Holdings plans to launch its bank in April 2027, aiming to leverage its extensive store footprint nationwide to attract 1.8 million primary banking customers within five years, executives said on Tuesday. South African retailers are increasingly moving into financial services to diversify revenue as banking products offer steadier, higher-margin income…
In response to xenophobic tensions, African ambassadors clarify they are postponing their own Africa Day celebrations for security reasons, not boycotting the main event in South Africa. African ambassadors to South Africa did not inform Pretoria, as reported, that they intended boycotting an Africa Day event in Moruleng, North West yesterday, to protest against xenophobic…
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African health leaders and development partners have renewed calls for Social and Behaviour Change (SBC) to be entrenched as a core component of health systems across the continent. They stated this on Tuesday in Abuja at the Continental SBC Costing and Institutionalisation Workshop, where the Africa CDC and its partners stressed that sustainable financing for…
Renewvia Energy Corp. plans to expand its solar-powered mini-grid business into Uganda, Rwanda, Ethiopia and the Democratic Republic of Congo, as private companies move to close Africa’s electricity access gap. The Atlanta-based company expects the expansion to require about $750 million and deliver about 2.1 million electricity connections. Renewvia Solar Africa Chief Executive Officer Trey…
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Stock picture of a British Airways plane taking off from London Heathrow Airport. Stefan Rousseau – Pa Images | Pa Images | Getty Images The U.K. government said on Sunday it plans to temporarily allow airlines to consolidate passengers onto fewer planes over the summer holiday season, a move aimed at preventing last-minute flight cancellations…
Ecobank Transnational Incorporated (BRVM: ETIT) is preparing to raise $500 million through a subordinated debt issue as it moves to refinance part of its balance sheet ahead of a regulatory deadline in June 2026. The Lomé-based lender plans to use the proceeds to exercise a call option on about $350 million of existing Tier 2…
SK Hynix said on Wednesday that it plans to invest the equivalent of US$12.85-billion (R212-billion) in a new manufacturing plant in South Korea for advanced packaging, to meet rising global demand for AI memory, with construction starting this month. The Nvidia supplier, one of the world’s largest memory chip makers, has been expanding production capacity…
Aliko Dangote, Africa’s richest person, yesterday pushed to expand his refining footprint beyond Nigeria, unveiling plans to build a refinery of comparable scale in East Africa in partnership with governments in the sub-region. The proposed project is expected to be completed within four years, especially if East Africa’s regional leaders cooperate, Dangote stressed, kicking against…
