Omokolade Ajayi

776 Articles
Gauteng-born CEO Mpumi Madisa.
BusinessHot News

South African CEO Mpumi Madisa reveals leadership playbook at $5.1 billion Bidvest

Bidvest CEO Mpumi Madisa shares key leadership insights on steering the $5.1 billion global conglomerate and driving major corporate growth.

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Gold Fields’ mining operation in South Africa.
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Gold Fields overtakes Naspers as Africa’s most valuable company as market cap hits $43.3 billion

Gold Fields overtakes Naspers as Africa’s most valuable company after its market value rises to $43.3 billion on the JSE.

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Kenyan investment manager Christine Mwangi
BusinessHot News

Kenyan manager Christine Mwangi steers AgDevCo Ventures to $49 million first close

Christine Mwangi leads AgDevCo Ventures to a $49 million first close to fund early-stage agribusinesses across East Africa.

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South Africa's richest man Johann Rupert
BillionairesBusinessHot News

South Africa’s richest man Johann Rupert loses $1.3 billion as Richemont shares slide

South Africa’s richest man Johann Rupert has lost $1.3 billion in 11 days as Richemont shares fell 7.87 percent, reducing his fortune to $20.2 billion.

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South African billionaire Tshepo Mahloele
BillionairesBusinessHot News

South African billionaire Tshepo Mahloele faces regulatory hurdle in multibillion-rand FlySafair deal

Tshepo Mahloele’s FlySafair acquisition faces a Competition Tribunal challenge from rival CemAir over competition concerns.

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Tanzanian billionaire Mohammed Dewji pledges $250 million in Mozambique to expand MeTL Group’s footprint and create 20,000 local jobs.
BillionairesBusinessHot News

East Africa’s richest man Mohammed Dewji to invest $250 million in Mozambique, create 20,000 jobs

Tanzanian billionaire Mohammed Dewji pledges $250 million in Mozambique to expand MeTL Group’s footprint and create 20,000 local jobs.

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Engr. Mohammed Sani Jaoji
BusinessHot News

Geregu Power pays $4.45 million to clear bond default as acting CEO Mohammed Sani Jaoji steps in

Geregu Power pays $4.45 million to clear its bond default as acting CEO Mohammed Sani Jaoji steps in to stabilize operations and finances.

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South African-Swazi billionaire Natie Kirsh
BillionairesBusinessHot News

South African-Swazi billionaire Natie Kirsh loses $600 million as fortune falls below $20 billion

Natie Kirsh’s fortune has fallen to $19.4 billion, down $600 million from $20 billion five days earlier, after a sharp reassessment of his holdings.

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DTB executives during the opening of the DTB Kilimani branch in Nairobi.
BusinessHot News

Kenya’s DTB posts $75.7 million half-year profit as loans, deposits grow

DTB posted a KSh9.8 billion ($75.7 million) H1 2026 pretax profit, up 37 percent amid strong regional digital banking growth.

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Equity Group headquarters in Nairobi, Kenya.
BusinessHot News

East Africa’s largest lender, Equity Group, sees first-half profit top $350 million

Equity Group’s first-half profit rose 32 percent to KSh45.5 billion ($352 million), driven by stronger lending and regional growth.

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Harel Mallac & Co. Limited, a Mauritius-based diversified conglomerate.
BusinessHot News

Mauritius-based Harel Mallac returns to profit as first-half revenue hits $36 million

Harel Mallac returned to profit in H1 2026 as revenue rose 12.2% to MUR1.68 billion, despite continued losses in chemicals.

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Nigerian businessman and GTBank co-founder, Fola Adeola.
BusinessHot News

GTBank co-founder Fola Adeola gains $44 million as oil stake hits $271 million

Fola Adeola’s Aradel stake rebounds to $271.4 million as shares rise 19.7 percent after a sharp June-to-July selloff.

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