Fintech company Flutterwave appoints Oneal Bhambani as Chief Financial Officer

NIGERIA – Flutterwave, a fintech company that provides a payment infrastructure for global merchants and payment service providers across the continent, has appointed Former American Express Executive, Oneal Bhambani as Chief Financial Officer of the company. The development is expected to facilitate the company’s expansion with best-in-class discipline, operational controls and financial rigour. “I am excited to welcome Oneal to…

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TotalEnergies invests US$850m in Angolan oil project to increase its production

ANGOLA – Angola’s National Agency of Petroleum, Gas and Biofuels (ANPG), along with French oil and gas company TotalEnergies, and its partners have made a Final Investment Decision (FID) of US$850 million for the launch of the CLOV Phase 3 Project in Block 17, offshore Angola. The investment is expected to increase production while reducing operating costs through the standardization…

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Real estate brand Sotheby’s International Realty launches in Egypt

EGYPT – Sotheby’s International Realty, a luxury real estate brand, has launched in Egypt, its second office in Northern Africa and its 206th office in the EMEIA region. Egypt Sotheby’s International Realty is co-founded and operated by Marwan Gebril who brings 15 years of real estate experience to the company. The company is headquartered in the city of Cairo and…

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Hospitality Group PrideInn launches its 8th hotel to tap conference tourism

KENYA – Hospitality Group PrideInn Hotels, Resorts and Camps has opened its 8th hotel along the Nairobi-Mombasa highway in Machakos County. Dubbed PrideInn Plaza, the facility has 64 rooms and suites and nine conference halls. It sits on 50,000 square feet of space capable of hosting 4000 guests. With the new addition, Pride Inn becomes the largest hotel chain capable…

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Energy company Sodigaz secures US$13m financing from IFC to boost access of clean energy

BURKINA FAS0 – The International Finance Corporation (IFC) a member of the World Bank group, has announced a €12.4 million (US$13m) financing package for energy company Sodigaz, to boost access to cleaner and more reliable energy in Burkina Faso. IFC’s support will help Sodigaz increase the distribution of liquified petroleum gas (LPG) to underserved rural households across Burkina Faso and…

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SA startup Root links with Andela and Momentum Health for digital health insurance solutions

SOUTH AFRICA – Cape Town-based digital insurance startup Root has teamed up with Andela, the global network for remote engineering talent, and financial services company Momentum Health Solutions to ensures Andela’s clients access the best health insurance cover options in South Africa. The global engineering network Andela was launched in Nigeria in 2014 to help companies to build remote engineering…

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