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Friday, 13 June 2025

Coca-Cola Unveils Fest Luanda: A Vibrant Celebration of Angolan Culture, Music, and Food


Coca-Cola has announced the launch of Coca-Cola Fest Luanda, a flagship brand experience in Angola. This vibrant celebration of music, food, and culture is scheduled for Saturday, June 21, 2025, starting at 4:00 PM at the iconic Luanda Bay Waterfront, in front of the Fortaleza Shopping Center.

Ghana Drives AfCFTA Agenda to Strengthen Intra-African Trade


Ghana is accelerating the rollout of the African Continental Free Trade Area (AfCFTA) to unlock broader opportunities for local businesses by moving beyond the export of raw commodities like gold, oil, and cocoa, and focusing on value addition.

Global Ad Spend Forecast Cut Amid Budget Pullbacks by Retailers, Automakers

...Chinese brands shift focus as US trade tensions escalate


A new study from WARC, the experts in marketing effectiveness, has revealed that global advertising spend is now projected to grow by 6.2% this year to $1.16 trillion. This marks a downgrade of half a percentage point from WARC’s March forecast, as economic volatility and trade tensions intensify. Key sectors including retail (down 6.1%) and automotive (down 4.0%) are pulling back on ad budgets, while growth among technology and consumer packaged goods (CPG) brands has slowed.

Thursday, 12 June 2025

Egypt Secures $184.1 Million from African Development Bank for Continent’s Largest Solar, Battery Storage Project


The African Development Bank Group has approved a financing package of up to $184.1 million to support Egypt’s Obelisk solar energy project, a 1-gigawatt photovoltaic plant integrated with a 200MWh battery storage system, making it the largest of its kind in Africa.

World Cup 2026: Visa Names 17-Year-Old Lamine Yamal as Ambassador in Bold Youth-Driven Campaign


As the countdown begins for what will be the largest FIFA World Cup in history, taking place across Canada, Mexico, and the United States in 2026, Visa has made a headline-grabbing move: naming 17-year-old football sensation Lamine Yamal as its official ambassador for the tournament.

Aliko Dangote Steps Down as Chairman of Dangote Sugar Refinery After Two Decades of Leadership


Aliko Dangote, billionaire industrialist and one of Africa’s most influential business leaders, has announced his retirement as Chairman of Dangote Sugar Refinery Plc. This marks the end of a transformative 20-year tenure, effective June 16, 2025.

Al Ahli Tripoli and Petro de Luanda to Clash in 2025 BAL Finals in South Africa on June 14

...Al Ittihad and APR Set for Third-Place Game on June 13


The 2025 Basketball Africa League (BAL) Finals are officially set. Al Ahli Tripoli (Libya) will take on Petro de Luanda (Angola) on Saturday, June 14 at 4 p.m. CAT at the SunBet Arena in Pretoria, South Africa, concluding the league’s landmark fifth season.

MultiChoice Subscriber Base Shrinks by 2.8 Million Amid Economic Pressures, Streaming Competition


MultiChoice, owners of DStv and GOtv, has shed approximately 2.8 million subscribers as persistent economic pressures weigh heavily on households across its African markets.

Wednesday, 11 June 2025

Meta Launches AI-Powered Video Editing Tool for Creative Storytelling


Meta has introduced a new generative AI video editing feature, now available in the Meta AI app, on the Meta.AI website, and in the Edits app. This feature allows users to apply preset AI prompts to transform short-form videos, changing outfits, locations, lighting, and more, before sharing them directly to platforms like Facebook, Instagram, or Meta’s Discover feed.

Rite Foods Champions Ojude Oba Festival, Showcases Cultural Commitment


Rite Foods Limited, a prominent player in Nigeria’s food and beverage industry, powered this year’s Ojude Oba Festival in Ijebuland, Ogun State, reaffirming its commitment to cultural preservation and community engagement at the event held on Sunday, June 8, 2025.

TAJBank Launches N20 Billion Second Tranche of Mudarabah Sukuk Bond


TAJBank, a prominent non-interest financial institution in Nigeria, has finalised the agreement for the N20 billion second tranche of its N100 billion Mudarabah Sukuk bond programme.

Premier League TV Ratings Drop Following Lackluster Season


Sky Sports and TNT Sports, the Premier League’s primary domestic broadcasters, both experienced a decline in viewership of up to 14 per cent during the 2024/25 season, according to figures obtained by The Times.

SEC Reiterates Ban on Crypto Bridge Exchange in Nigeria


The Securities and Exchange Commission (SEC) has reiterated that Crypto Bridge Exchange (CBEX), operating under the name ST Technologies International Ltd., is still banned from operating in Nigeria.