Omokolade Ajayi

373 Articles
BusinessHot News

Kenya Airways’ bookings climb, providing temporary relief from $2.4 billion liabilities

Kenya Airways sees seat occupancy near full capacity, offering temporary relief from $2.4 billion in liabilities.

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Sandile Zungu: KZN businessman behind South Africa’s $10 billion lottery, sports license

KwaZulu-Natal businessman Sandile Zungu leads South Africa’s $10 billion National Lottery and Sports Pools license.

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Nigerian monarch Lamido Sanusi’s MTN earnings reach N1.5 billion over seven years

Nigerian monarch Lamido Sanusi earned N1.5 billion from MTN over seven years, blending traditional leadership with corporate influence.

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BusinessHot News

Egypt to pay $1.3 billion in oil company arrears by June amid energy crunch

Egypt plans $1.3 billion arrears payment to international oil firms by June, easing energy strains and boosting investor confidence.

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Equity Group emerges Kenya’s most valuable brand in global ranking

Equity Group tops Kenya’s most valuable brands as profit rises 54.6 percent and regional growth drives earnings diversification.

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Aliko Dangote, Africa’s richest man and founder of Dangote Group.
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Aliko Dangote’s refinery becomes key as Europe, Africa face fuel supply strain

Aliko Dangote’s $20 billion Lagos refinery becomes a key jet fuel source amid global supply chain pressures.

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Hot NewsTechnology

South Africa’s largest single-phase solar project secures Standard Bank backing

Standard Bank backs South Africa’s 475MW Notsi solar project, powering 140,000 homes and boosting Africa’s renewable growth.

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South African billionaire Patrice Motsepe.
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Gold slump cuts $700 million from South African billionaire Patrice Motsepe’s fortune

Patrice Motsepe loses $700 million as gold drops below $4,500, hitting mining stocks and cutting into his holdings in Harmony Gold and ARM.

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Nigerian President praises Tony Elumelu on 63rd birthday as TEF lifts 2.1 million Africans out of poverty

Nigerian President hails Tony Elumelu as TEF lifts 2.1 million Africans out of poverty and creates 1.5 million jobs.

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$4.2 billion in African revenue linked to Tony Elumelu Foundation, CEO Somachi Chris-Asoluka says

Tony Elumelu Foundation-backed startups have generated $4.2 billion in revenue and created over 1.5 million jobs in Africa.

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BusinessHot News

Shoprite enters community banking, while Nigerian franchise shuts down

Shoprite acquires R&A Cellular, expanding neighborhood financial services, while its Nigerian operation under Tayo Amusan’s Ketron shuts down.

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BusinessHot News

Kenya’s Equity Group enters pharmacy business to reduce treatment costs

Equity Group enters pharmacy business through Equity Afia, aiming to cut treatment costs and expand healthcare services across East and Central Africa.

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