Omokolade Ajayi

603 Articles
Gold nuggets.
Hot NewsBusiness

Ghana set to ramp up gold purchases as mining rules tighten for foreign firms

Bank of Ghana to buy 30 percent of miners’ gold output from June 1 to boost reserves, stabilize currency, and expand local refining.

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Kenya Airways’ financial strain deepens after $65 million interest default.
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Kenya Airways’ financial strain deepens after $65 million interest default, $132 million loss

Kenya Airways defaults on $65.6 million interest payment as losses widen, liabilities rise, and operational pressures deepen despite government support.

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Nigerian billionaire Tony Elumelu.
Hot NewsBillionairesBusiness

Nigerian billionaire Tony Elumelu set for $10.8 million Seplat dividend payout

Tony Elumelu is set to receive $10.84 million in Seplat dividends as the company boosts payouts amid stronger Q1 2026 earnings.

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Tantalizers Plc restaurant outlet in Nigeria.
Hot NewsBusiness

Tantalizers to acquire Nigeria’s largest indigenous fisheries group, expands beyond fast food roots

Tantalizers Plc expands beyond quick service restaurants, signing deal to acquire Karflex Fisheries to boost seafood production and exports.

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Gary Nagle, CEO of Glencore, leading the global mining and commodity trading company.
Hot NewsBusinessExclusive

Glencore holds South African executive Gary Nagle’s 2026 base pay at $2 million

Glencore keeps Gary Nagle’s base salary at $2 million in 2026, maintaining a long-term pay policy tied to performance and ESG targets.

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South Africa's richest man Johann Rupert
Hot NewsBillionairesBusiness

South Africa’s richest man Johann Rupert nears $19 billion after $1 billion rebound

Richemont shares rise 4.5 percent, boosting Johann Rupert’s wealth by nearly $1 billion and lifting net worth close to $19 billion.

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Sim Tshabalala, CEO of Standard Bank Group.
Hot NewsBusinessGlobal News

Sim Tshabalala leads Standard Bank to top spot as Africa’s most valuable bank with $32 billion market cap

Standard Bank becomes Africa’s most valuable bank under South African banking executive Sim Tshabalala as market cap rises above $32 billion.

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Nigerian businessman Ladi Jadesimi, chairman of Aradel Holdings.
Hot NewsBusiness

Nigerian businessman Ladi Jadesimi’s Aradel stake nears $300 million as shares rise

Ladi Jadesimi’s 5.27 percent stake in Aradel has climbed to $295.5 million as shares surge 164 percent in Nigeria’s energy sector rally.

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Oriental Weavers reported stronger first-quarter 2026 earnings as exports and lower production costs supported growth at the Egyptian carpet manufacturer.
BusinessHot News

Oriental Weavers Q1 2026 profit rises to $17.1 million on lower costs, higher exports

Oriental Weavers reports first-quarter 2026 profit of $17.1 million as revenue rises and exports strengthen amid lower production costs.

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South African billionaire Patrice Motsepe.
Hot NewsBillionairesBusiness

South African billionaire Patrice Motsepe’s net worth drops $200 million so far in May

Patrice Motsepe’s net worth drops by $200 million in May to $3.7 billion as African Rainbow Minerals shares fall nearly 7 percent.

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Equity Group headquarters in Nairobi, Kenya.
Hot NewsBusiness

Equity Group’s Q1 2026 profit jumps 24 percent to $150 million on regional growth

Equity Group Q1 2026 profit rises 24 percent to $150 million on strong regional banking and digital income growth across East Africa.

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Mohammed Dewji, Tanzania’s richest man and CEO of MeTL Group.
Hot NewsBillionairesBusiness

Tanzania weighs takeover of billionaire Mo Dewji’s MeTL tea estates in Mbeya

Tanzania is reviewing options to take over or restructure Mo Dewji’s MeTL tea estates in Mbeya as government talks with the company continue.

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