Omokolade Ajayi

603 Articles
Mauritius-based property developer Evaco Group.
LuxuryBusinessHot News

Debt costs push Mauritius-based Evaco Group to $3.1 million nine-month loss

Mauritius property developer Evaco Group falls into a $3.1 million nine-month loss as steep debt costs and plunging revenues stall corporate liquidity.

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Nigerian billionaire Tony Elumelu, with United Capital CEO Peter Ashade and other executives of the company
Hot NewsBusiness

Nigeria’s United Capital targets Rwanda next after Francophone West Africa success

Peter Ashade leads United Capital toward Rwanda, aiming to push the group's market capitalization past the $300 million threshold.

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Prosus wins more time for Delivery Hero sale
TechnologyBusinessHot News

Koos Bekker-led Prosus wins more time for Delivery Hero sale following rejected $11.6B Uber bid

Prosus wins a crucial EU deadline extension to October 11, giving it time to block Uber from acquiring Delivery Hero after a rejected $11.6 billion bid.

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Nigerian business executive Oghale Elueni.
Hot NewsBusiness

PZ Cussons Nigeria names Oghale Elueni new CEO following 246 percent profit surge

PZ Cussons Nigeria appoints Oghale Elueni as managing director and CEO following a stellar 246 percent net income recovery to $28.6 million.

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Cape Town, South Africa's second-largest city.
Hot NewsBusiness

South Africa’s business confidence slips as oil surge, rate hike weigh on companies

South African business confidence slips to 39 as oil prices, Middle East tensions and rate hikes pressure spending, hiring and investment decisions.

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Cape Town-based executive Alan Keet, a regional leader at Apex Group overseeing African operations.
Hot NewsBusiness

Alan Keet eyes next growth phase after Apex Group hits $300 billion in South African assets

Following a massive $300 billion asset milestone, Alan Keet outlines Apex Group's next phase: driving growth through on-chain tokenization.

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Flutterwave logo representing Africa’s most valuable tech unicorn.
TechnologyBusinessHot News

Over 100 employees promoted as African fintech giant, Flutterwave, hits $40 billion milestone

Flutterwave promotes over 100 staff as it surpasses $40 billion in payments and expands global fintech infrastructure.

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Nigerian billionaire Abdul Samad Rabiu.
Hot NewsBillionairesBusiness

Nigerian billionaire Abdul Samad Rabiu loses $906 million in 24 hours as BUA Cement shares slide

Abdul Samad Rabiu loses $906 million as BUA Cement shares fall, trimming gains after a strong rally and record dividend payout.

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Telkom SA SOC Limited.
TechnologyBusinessHot News

Telkom SA revenue grows to $2.74 billion on consumer demand strength

Telkom SA posts higher revenue to R44.48 billion ($2.74 billion), driven by strong data demand, consumer growth, and improved efficiency.

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South Africa’s gasoline prices rise to a record as fuel relief measures are rolled back.
Hot NewsBusiness

South Africa gasoline prices hit record with relief rollback

South Africa’s gasoline prices rise to a record as fuel relief measures are rolled back amid Middle East conflict and rising global oil costs.

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African electric mobility company Spiro.
TechnologyBusinessHot News

African electric mobility firm Spiro raises $215 million, nears $1 billion valuation

Spiro raises $215 million, nears a $1 billion valuation, and expands electric motorcycle and battery-swapping operations across Africa.

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Aliko Dangote, Africa’s richest man and founder of Dangote Group.
Hot NewsBusiness

Aliko Dangote’s mega refinery targets 130 crude grades ahead of $50 billion IPO

Dangote Refinery targets 130 crude grades as it expands capacity ahead of a planned $50 billion IPO.

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