news and current affairs.
Rick Ross set to rock Scott Sakupwanya's birthday bash
Rick Ross is doing a birthday party for a ZANU-PF politician. The rapper will perform in Zimbabwe this year for Scott Sakupwanya's birthday. Sakupwanya is the member of parliament for Mabvuku. He is turning forty-seven. Ross announced the show in an Instagram video. He said he was coming to rock with his homie Scott. The performer called the birthday bash historic. Ross stated they were making history with big moves. He expressed excitement about the trip. The event is scheduled for February twenty eighth. This is not Sakupwanya's first time booking major talent. He previously brought Rick Ross to Zimbabwe in 2022. That concert was organized by ROAR Entertainment. It was held at the Harare International Conference Center. The rapper...
Chimombe plans nursery from prison, eyes goat-scam appeal
A government guy got locked up for scamming a goat scheme. Mike Chimombe, a ZANU-PF bigwig, is doing twelve years at Chikurubi prison. He was convicted of fraud involving a national goat farming contract worth eighty-seven million dollars. His partner, Moses Mpofu, is also inside. Chimombe insists he is innocent and plans to appeal. He told an interviewer he expected to walk free. Chimombe said his legal team was confident. He claimed the company Blackdeck Private Limited was ready to meet all obligations. The convicted man expressed total respect for President Emmerson Mnangagwa. He stated he would never steal from a Vision 2030 project. Chimombe argued his life was beginning, not ending. He has lawyers preparing a Supreme Court...
Zanu-PF affiliates fracture over empowerment funds
Total chaos is breaking out over control of those pro-government groups. Major infighting has erupted inside Zanu PF linked affiliates as senior figures battle to seize empowerment funds and grassroots structures. This turmoil follows a party resolution to formally integrate these support groups into Zanu PF's own organization. Insiders say the power struggles are driven by political ambition and access to state backed resources, exposing deep factionalism. Questions are mounting about transparency and whether funds meant for ordinary citizens are being diverted to serve elite interests. The president's special investment adviser, Paul Tungwarara, recently warned some affiliate leaders their days were numbered, announcing an audit into...
Lagos waterfront boss defends Oworonshoki regeneration push
That official says the waterfront demolitions are actually strategic urban renewal. Lagos Commissioner Dayo Bush Alebiosu framed recent actions in Oworonshoki as a deliberate plan to restore safety and economic value, calling it a regeneration initiative for the waterfront community. He recalled the area's past, plagued by violence and insecurity, where people could not move freely after dark. Alebiosu stressed his personal ties to Kosofe as his hometown, saying he understands local pain but sees potential for island-level development there. He distanced himself from typical poverty aid programs, advocating instead for long-term value-driven urban projects. The Commissioner clarified that demolition activities fall under the Physical...
Dangote refinery pumps 50M litres, debunks supply fears
The Dangote Refinery says everything is fine and the drama is fake. They pushed back hard on rumors about production issues, stating their massive Lagos facility runs without interruption despite routine maintenance on some units. Management confirmed the refinery can still pump out up to fifty million liters of petrol daily, with current stockpiles covering more than twenty days of national needs. They pointed to specific data, noting they moved forty-eight million liters from their gantry on a single day earlier this month. The statement explained that work on certain sections, like the crude distillation unit does not stop overall output because of the plant's integrated design, with other key units fully operational, making fuel and...
Champion Breweries taps debt market with N30B bond
A brewery just pulled off a major first with a giant bond. Champion Breweries placed its debut bond issue, raising thirty billion naira over five years at a nineteen-point-five percent coupon rate. Rand Merchant Bank led the deal as the main arranger. This move under a larger forty-five billion naira program marks the first-ever bond from a player in Nigeria's brewery sector. The company's chairman, Imo-Abasi Jacob, called it a statement of intent beyond just financing, showing investor trust in their business model and governance. He said the funds will act as a catalyst for transforming operations, modernizing production, and strengthening their capital base to compete more effectively. The managing director, Inalegwu Adoga, linked...
Olam nears $1.8B agri stake sale to Saudi firm
That huge Olam Agri deal is almost cleared for takeoff. Olam Group got the regulatory green light from nearly everywhere for selling a big chunk of its agribusiness arm to a Saudi firm. They announced approvals are secured in all but two places, with final sign-offs still pending. This move involves handing over a forty-four point five eight percent stake in Olam Agri Holdings to the Saudi Agricultural and Livestock Investment Company, known as SALIC. The agreement, worth one point eight billion dollars, was signed almost a year ago. Olam's boss, Sunny Verghese, told investors the sale will finish as soon as all conditions are met, warning them to be careful trading the shares since it is not done yet. The plan involves two parts. This...
Mouka hands out baby gear to New Year newborns
A mattress company is handing out freebies to newborns again. Mouka Limited, a foam product maker under the Dolidol International Group, continued its annual tradition this year by gifting items to families with new babies. They worked with public hospitals in fifteen states, like Lagos, Oyo, and Kano, celebrating seventy one infants born as the year began. Each family got a package with a Dreamtime Baby Mattress, pillows, toys, and skin care products. In Lagos, they partnered with the governor's wife, Ibijoke Sanwo-Olu, visiting several general hospitals. The first baby was a girl born right at midnight to the Daramola family at Gbagada General Hospital. The company's head, Femi Fapohunda, said their goal is to promote healthy sleep...
Oil ticks up after U.S. nabs Maduro
Crude prices spiked after some wild geopolitical news. Oil climbed around one percent as traders freaked out about potential supply shocks from Venezuela. The U.S. captured that country's president, Nicolas Maduro, announcing plans to take over its oil exports, which were already under an American embargo. Brent crude moved to sixty one dollars and thirty cents a barrel, while the U.S. benchmark West Texas Intermediate hit fifty seven dollars and ninety six cents. Markets swung between gains and losses in European hours, totally unsure how to process the situation. Analysts noted that even if Venezuelan exports got more disrupted, the global market is so flooded right now that the price impact would be minimal. The country's output has...
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