Kenya’s $1.5bn Eurobond raises investor confidence, boosts debt strategy! | Tantalizers Plc Expands into the Entertainment Industry
Here is what you need to know about this week's Global news review and how it affects you and your business + a lot of goodies for you!
Nigerian News: Tantalizers Plc Acquires Tade Ogidan’s Grand Media Projects as it Expands into the Entertainment Industry
Tantalizers Plc announced its strategic acquisition of Grand Media Projects Limited (Grand Media), a prominent media and entertainment company founded by renowned TV and film producer Tade Ogidan and veteran actor Richard Mofe-Damijo (RMD).
Our thoughts:
From Chicken & Chips to Content & Crustaceans? Yes, really.
Tantalizers Plc, yes, the owner of the unalive eatery you know, is undergoing a major transformation — not just of its business model, but of its identity. Yes, it is a listed company in case you didn’t know. lol
The company has officially entered two potentially massive new markets:
Entertainment & Media – through the acquisition of Grand Media Projects, founded by iconic filmmaker Tade Ogidan and actor Richard Mofe-Damijo (RMD).
Blue Economy – with the purchase of 10 deep-sea fishing trawlers and a strategic alliance with a US-based marine group.
The Entertainment Play: Youth, Culture & Global Reach
With Nigeria’s entertainment industry contributing over 2% of GDP and gaining international acclaim, Tantalizers is smartly tapping into the emotional economy.
The goal? To connect with younger audiences where they live — music, stories, and digital content — while building an entertainment platform that ties back into the brand's lifestyle offerings.
The movie industry is going through a lot at the moment, it would be interesting to see how they position.
The Blue Economy Bet: Trawlers, Tech & Trade
The second move is equally ambitious. Tantalizers is now in the seafood business via its new subsidiary Tantalizers Fisheries Limited. They’ve acquired 10 modern fishing trawlers from the US and Honduras, set to arrive in Nigeria by mid-2025.
Why this matters:
Nigeria imports over $1B in seafood annually.
This move allows Tantalizers to produce, process, and export prawns, scallops, and more — creating jobs and bringing in foreign exchange.
It’s part of a global $296 billion blue economy space that’s growing fast.
The US partnership also includes technology transfer, sustainable fishing training, and compliance with global export standards. This is good!
📊 What This Means: A Total Brand Reinvention
Tantalizers Plc is redefining itself as a “foodtainment conglomerate” — a business that’s no longer just selling meals but building cultural capital and international trade relevance.
Our take:
Tantalizers is playing a long game — diversification, vertical integration, and emotional engagement. While the risks are real (especially operational execution), the upside is massive.
They’re not just trying to grow. They’re trying to matter more — to audiences, to culture, and to the economy.
We stick to the sidelines and watch!
African News: Kenya’s Big Move: $1.5 Billion Eurobond Issued, Old Debt Bought Back
Kenya has made a bold and strategic financial move by raising $1.5 billion through a new Eurobond. This comes with a smart twist—$579 million of it is being used to buy back an older Eurobond due in 2027 which will help ease pressure in 2027.
The Eurobond Details at a Glance:
Value: $1.5 billion
Coupon (Interest Rate): 9.5%
Maturity: 2036
Repayment Plan: Spread over 3 years (2034–2036)
So, What’s the Deal with This 3-Year Repayment?
Instead of paying back the entire $1.5 billion all at once in 2036, Kenya will repay it in three equal parts across the final three years.
What This Means for Kenya:
1. Smaller, Manageable Payments: Kenya won’t have to scramble for a huge lump sum in 2036. This spreads out the burden and makes budgeting easier.
2. Boosts Investor Confidence : Investors love stability. This structure shows Kenya is planning, which may lead to cheaper borrowing in the future.
3. Protects Against Surprises: If the global economy slows down or unexpected costs arise, Kenya is less likely to be caught off guard. Repaying in parts gives more flexibility.
4. Improves Debt Sustainability: Smaller annual repayments mean Kenya can keep its debt levels in check — a big plus for credit ratings and long-term financial health.
Bottom Line:
This move is more than just a bond deal. It’s a clear signal that Kenya is serious about managing its money well, protecting its economy, and maintaining strong relationships with investors.
“We’re not just borrowing, we’re thinking long-term.” – That’s the message Kenya just sent to the world.
Global News: Apple’s legendary designer Jony Ive is teaming up with OpenAI!
Sir Jony Ive, the hugely influential British designer responsible for the look of Apple's most iconic and successful products, is joining OpenAI.
Boss Sam Altman said he was "thrilled" to be partnering with the man he called the "greatest designer in the world".
Our thoughts:
Jony Ive + OpenAI = The Future of Computers?
Big News: Apple’s legendary designer Jony Ive is teaming up with OpenAI!
Yes, that Jony Ive—the creative mind behind the iMac, iPhone, iPod, and iPad—is joining forces with OpenAI, the makers of ChatGPT, to design the next generation of computers. 🚀
What’s Happening?
OpenAI is buying Jony Ive’s startup, “io”, for a massive $6.5 billion.
Ive will now take on major design and creative leadership at OpenAI.
Together, they’re working on AI-powered hardware that could redefine how we use technology.
Why This Matters
1. They want to re-invent the computer.
Sam Altman (OpenAI’s CEO) said they plan to create a totally new kind of device—something beyond laptops and phones. He called it “the coolest piece of technology the world will have ever seen.”
2. AI is going from software to real-world devices.
ChatGPT won’t just live in your browser anymore. This could mean wearables, voice-first tools, or even smart home gadgets designed from the ground up to work with AI.
3. It’s a bold move away from Apple.
Jony Ive spent 27 years at Apple, leading the design of their most iconic products. Now, he’s building something new—outside Apple’s ecosystem.
What This Means for Apple
Apple’s influence may be fading. Ive leaving in 2019 was a big deal. Now that he’s building the future with a rival, Apple could lose its design edge.
Stock market agrees: Apple’s shares dipped after the announcement.
OpenAI wants independence. They don’t want ChatGPT to live only on Apple or Google devices—they want their own.
So What’s Next?
A new kind of computer could be coming—one that doesn’t rely on screens, keyboards, or apps the way we know them.
Jony Ive says it’s "captured their imagination."
We say: Watch this space.
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