Omokolade Ajayi

986 Articles
Aliko Dangote, Africa's richest man and Dangote group President
BusinessHot News

Africa’s richest man, Aliko Dangote, eyes Botswana rail, cement push in $100 billion drive

Aliko Dangote held talks with Botswana on rail and cement projects to support Dangote Group’s push toward $100 billion in revenue.

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Eko Pearl Towers in Eko Atlantic
LuxuryExclusiveHot News

What $1M buys in Africa: Lagos ranks as continent’s second-priciest land market

Prime land in Lagos now costs $1 million for just 507 square metres, making Nigeria’s commercial capital Africa’s second-priciest market behind Cape Town.

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Jabali Towers
LuxuryBusinessExclusive

Kenya’s newest skyscraper isn’t in Nairobi—and it’s already 80% sold

Kiambu is set to host Kenya’s tallest building outside Nairobi as Tatu City advances plans for the $55 million Jabali Towers.

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Standard Bank Office
BusinessHot News

Standard Bank targets East Africa after $1.61 billion first-half earnings

Standard Bank is targeting deeper growth in East Africa after reporting $1.61 billion in first-half earnings, as Absa and Nedbank expand in Kenya.

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United Bank for Africa Plc (UBA)
BusinessHot News

UBA returns $312 million to investors as shares climb ahead of interim results

UBA has added $312 million to investor wealth in two months as its shares climbed 25.47 percent on the Nigerian Exchange ahead of its interim results.

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Nigerian billionaire businessman Tony Elumelu
BillionairesBusinessHot News

Nigerian billionaire Tony Elumelu’s Seplat stake hits $1.2 billion

Nigerian billionaire Tony Elumelu has seen his Seplat Energy holding surge to $1.2 billion, driven by rising crude production and stronger earnings.

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Ex-Vodacom dealmaker Mamokete Ramathe
BusinessHot News

Ex-Vodacom dealmaker Mamokete Ramathe leads Mamor Capital to $18.8 million raise

Mamor Capital, led by former Vodacom dealmaker Mamokete Ramathe, raised $18.8 million in its debut fund's first close to back South African startups.

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Management of WIOCC, AFC and Vision Invest, at the LEAP 2026 Global Technology exhibition in Riyadh
TechnologyBusinessHot News

Why a $300 million bet on African data centers matters right now

A $300 million capital injection into WIOCC Group aims to close Africa’s digital divide and build critical data center capacity for the AI economy.

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RCL Foods Limited
BusinessHot News

Cheap sugar imports hit Johann Rupert-backed RCL Foods as profit drops 47% to $47.5 million

Cheap sugar imports and pet food recalls hit Johann Rupert-backed RCL Foods as full-year profit tumbled 47.4 percent to $47.5 million, forcing dividend cuts.

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Dangote Refinery gasoline storage tank with 60 million liters capacity under Dangote Industries Limited operations in Nigeria.
BusinessHot News

Dangote Refinery boosts Nigeria’s refining sector to 44% growth in second quarter

Nigeria’s refining output grew 44 percent in Q2 2026 as Aliko Dangote’s $20 billion facility drove historic domestic processing records.

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Saint Anne Seychelles
BusinessHot News

Seychelles plans $2 billion wealth fund to fix roads and fund hospitals

Seychelles is launching a $2 billion sovereign wealth fund to upgrade critical infrastructure and healthcare amid a stabilizing economic outlook.

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Mauritian insurer Swan General
BusinessHot News

Mauritian giant Swan General sees Q1 2026 profit leap 241% to $12.3 million

Mauritian insurer Swan General saw net profit climb 241% to $12.3 million in Q1 2026, driven by stronger underwriting and resilient core operations.

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