Feyisayo Ajayi

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1982 Articles

Adrian Basson: Shoprite heir turns $3 million Hungry Lion into a 500-store fast-food empire

Adrian Basson transformed Hungry Lion from a $1 million Shoprite-linked business into a 500-store African fast-food chain across nine countries.

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Namibia Consul Justin Anosike denies $1 million Dangote meeting fee

Namibia’s honorary consul in Nigeria denies seeking $1 million from Aliko Dangote to arrange a presidential meeting over a proposed investment.

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Vukile Property Fund opens $4.7 million Nonesi Mall expansion in South Africa

Vukile Property Fund has opened a $4.7 million Nonesi Mall expansion in South Africa, adding retail space, tenants and jobs in the Eastern Cape.

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KAP revises Southern Cape forestry deal as PG Bison assets move to new buyer

KAP has revised its Southern Cape forestry deal, with PG Bison assets set to move to CPIH under amended transaction terms.

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Nigerian influencer Afolabi Michael arrested by NDLEA over cocaine worth $28 million destined for UK

Nigerian influencer Afolabi Kazeem Micheal, known as KC Luxury, was arrested after NDLEA seized cocaine worth nearly $28 million bound for Britain.

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Orascom Investment Holding approves $10 million loan, Naguib Sawiris-led board

Orascom Investment Holding approves a $10 million shareholder loan as Naguib Sawiris leads a new three-year board mandate.

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Meet Nipool Shah, Kenyan property tycoon behind Dunhill’s growing real estate empire

Kenyan businessman Nipool Shah has built Dunhill into a diversified property group spanning offices, malls, warehouses, homes and valuations.

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Nigerian banker Wale Jubril named interim chair of FTN Cocoa 4 months after predecessor’s death

Nigerian banker Wale Jubril named interim chair of FTN Cocoa 4 months after predecessor’s death

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World Bank Group plans $35 million investment in Morocco distressed asset recovery facility

World Bank Group's private sector arm, IFC plans a $35 million investment in Morocco’s distressed asset market, targeting non-performing loans and real estate assets.

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Namibian finance executive Karl-Stefan Altmann joins Letshego Holdings board

Namibian finance executive Karl-Stefan Altmann has rejoined Letshego Holdings Namibia’s board as a non-executive director, effective Aug. 17, 2026.

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South African court blocks Shell’s Wild Coast exploration permit

South Africa’s Constitutional Court has blocked Shell and Impact Africa from reviving a disputed Wild Coast offshore exploration permit.

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Nigerian billionaire Femi Otedola boosts stake in FirstHoldCo with shares worth $15 million

Femi Otedola has raised his First HoldCo stake above 26% after buying N18.11 billion in shares, lifting his holding’s value to about N1.7 trillion ($1.3 billion).

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