Omokolade Ajayi

986 Articles
San Francisco-based giant Uber Technologies Inc
TechnologyBusinessHot News

Uber sharpens focus on Kenya after exiting Nigeria, Uganda and Tanzania

Uber exits Nigeria, Uganda and Tanzania while keeping Kenya as a key African market amid rising costs and a push for profitability.

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Anton Rupert, the son of South Africa’s richest man, Johann Rupert
BillionairesBusinessHot News

South African billionaire’s son named co-deputy chair of $120B luxury giant Richemont

Anton Rupert joins Richemont as co-deputy chairman as his father, Johann Rupert, advances succession plans at the $120 billion luxury group.

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Nelson and Rui Carrinho
BusinessHot News

Angola’s billionaire Carrinho family deepens banking power in $452 million deal

Angola’s billionaire Carrinho family is buying a 33.35 percent stake in Banco de Fomento de Angola from Banco BPI in a major $452 million transaction.

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Mtumba Government City in Dodoma
BusinessHot News

Tanzania to unveil massive $270 million government city in Dodoma

Tanzania will inaugurate the $270 million Mtumba Government City in Dodoma, anchoring 26 ministry headquarters to streamline state administration.

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San Francisco-based giant Uber Technologies Inc
TechnologyBusinessHot News

Nigerian watchdog probes Uber over sudden exit, trapped user funds

Nigeria’s antitrust watchdog launches an inquiry into Uber’s sudden exit after 12 years, targeting unpaid balances, driver earnings, and lost fares.

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South African businessman Adrian Gore
BusinessHot News

South African tycoon Adrian Gore to bag $7.5 million dividend as Discovery profit soars

South African tycoon Adrian Gore will receive a $7.56 million final dividend after Discovery’s annual profit surged 38.3 percent to $827.92 million.

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South African billionaire Patrice Motsepe.
BillionairesBusinessHot News

South African billionaire Patrice Motsepe set to receive nearly $40 million dividend from ARM

Patrice Motsepe is set to receive nearly $40 million from African Rainbow Minerals’ final dividend, taking his 2026 payout to $68.42 million.

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South African retail giant The Foschini Group
BusinessHot News

South Africa’s Foschini cuts jobs, plans 280 store closures across Africa

The Foschini Group plans to close 280 stores by 2029 as online sales surge 54 percent and corporate job cuts deepen its retail restructuring.

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Aliko Dangote and NNPC Group CEO Bashir Bayo Ojulari.
BusinessHot News

Africa’s richest man, Aliko Dangote, cleared to raise $1.6 billion in landmark IPO

Dangote Refinery has received SEC approval for an IPO that could raise $1.63 billion, valuing the 650,000-barrel-a-day facility at $47 billion.

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South African billionaire Patrice Motsepe.
BusinessHot News

South African billionaire Patrice Motsepe’s ARM lifts payout as profit hits $200 million

Patrice Motsepe’s African Rainbow Minerals lifted its full-year dividend after headline earnings rose 19 percent to $200.2 million on a PGM price rebound.

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Folorunso Alakija, Nigeria’s richest woman and philanthropist.
BusinessExclusiveHot News

Nigerian billionaire Folorunso Alakija hosts top UAE diplomats as crude prices surge

Nigerian billionaire, Folorunso Alakija, hosted senior UAE diplomats in Lagos as rising crude prices lift the profile of her $1 billion Famfa Oil.

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South Africa’s state-owned logistics operator Transnet.
BusinessHot News

South Africa reopens vital rail corridor to world markets after storm damage

Transnet has fully reopened South Africa’s Cape Mainline after May storms disrupted freight services for more than two months.

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