Feyisayo Ajayi

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Ezz Elarab Elsewedy
CompaniesHot News

Ezz Elarab Elsewedy gets $40.4 million NXT facility for automotive expansion

Ezz Elarab Elsewedy secures a $40.4 million Bank NXT facility to expand automotive production and build a new paint plant in Egypt.

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Airtel Money IPO
MarketsHot News

IFC commits $90 million to Airtel Money IPO as African fintech targets London listing

IFC commits up to $90 million to Airtel Money’s proposed London IPO, backing Africa’s fintech expansion and financial inclusion ambitions worldwide.

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CompaniesLatest

South African court orders Cadac pension fund curators to fix 20-year rules mismatch

South African court orders Cadac Pension Fund curators to fix a 20-year mismatch between registered rules and fund operations after two decades.

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Cameroonian industrialist Jean Noutchogouin’s Icrafon swings to $1.6 million profit despite revenue slump
EntrepreneursLatest

Cameroonian industrialist Jean Noutchogouin’s Icrafon swings to $1.6 million profit

Cameroonian industrialist Jean Samuel Noutchogouin’s Icrafon returned to profit with $1.6 million in earnings despite a sharp revenue decline.

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Nigerian banker Segun Agbaje, CEO of GTCO.
BankingLatest

Nigerian banker Segun Agbaje-led GTCO reports lower profit of $312.23 million in H1 2026

GTCO’s profit fell 7.76% to $312.23 million in H1 2026 as higher taxes offset marginal growth in pre-tax earnings and stronger interest income.

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Ayoola Foods
EntrepreneursLatest

How Segun Olaye built Ayoola Foods into a Nigerian food-processing powerhouse

Nigerian engineer Segun Olaye built Ayoola Foods from an export business into a leading packaged-food brand through processing and distribution.

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MCB AXIAN Energy financing Africa
BankingLatest

Mauritius’ MCB Group posts $422 million profit in 2026

MCB Group reported $422.43 million profit in 2026, up 11.3%, as stronger income, African growth and lower impairments offset higher operating costs.

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Hamza Farooqui
EntrepreneursHot News

From WorldSpace to Hyatt: How Hamza Farooqui built a diversified African investment empire

Hamza Farooqui built a diversified African investment empire spanning media, finance, retail, technology and luxury hospitality through Millat.

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Nigerian tycoon Kola Karim
EnergyLatest

Kola Karim’s Shoreline secures $500 million Qatar financing  to unlock OML 30’s 100,000-bpd potential

Kola Karim’s Shoreline secures $500 million in Qatar financing to fund OML 30 drilling and target more than 100,000 barrels per day by 2027.

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OCI Global
Hot News

Nassef Sawiris’ OCI Global reports $1 million profit as strategic transformation advances

OCI Global, controlled by Egyptian billionaire Nassef Sawiris, reports $1 million H1 2026 profit as asset sales drive its strategic transformation.

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Sibanye-Stillwater bond offering
InvestmentsLatest

Sibanye Stillwater says JPMorgan now holds $360 million worth of shares

Sibanye-Stillwater says JPMorgan holds a 5.04% stake worth about $360 million as the miner reports stronger first-half 2026 earnings and cash flow.

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Fourways Mall
Hot NewsLuxury

Accelerate opens door to minority disposal of its $256 million Fourways Mall stake

Accelerate Property Fund may sell part of its Fourways Mall stake as new managers gain an option for up to 15% ownership amid debt reduction.

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