Omokolade Ajayi

776 Articles

Nigerian billionaire Tony Elumelu reveals the single quality every African founder needs

Nigerian billionaire Tony Elumelu shares the one crucial quality every African entrepreneur needs to build lasting institutions.

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South African, Nigerian banks rush to Kenya but face fierce pushback from local giants

South African and Nigerian banks face a tough battle as they deploy major capital to break into Kenya’s $2 billion banking sector.

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Heirs Energies OML 17 JV, Redtech launch digital operations hub to boost Nigeria oil production

Heirs Energies OML 17 JV and Redtech launch a digital operations hub to monitor real-time data, boost asset reliability, and raise Nigeria oil output.

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South African banker Mary Vilakazi’s FirstRand stake tops $3.2 million as shares climb

Mary Vilakazi’s FirstRand stake tops $3.2 million following strong share price growth and a recovering rand this year.

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Dis-Chem founders become South Africa’s newest billionaire family with $1.3 billion fortune

Dis-Chem founders Ivan and Lynette Saltzman become South Africa's newest billionaires with a $1.3 billion retail empire.

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EIB pledges more than $800 million for Morocco in 2026 as investment ties deepen

The EIB commits more than $800 million to Morocco in 2026 to upgrade infrastructure, boost climate resilience, and rebuild quake-hit regions.

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Egypt’s state-owned El Nasr Automotive boosts industry with China deal

Egypt revives El Nasr Automotive with FAW Group to produce new cars, expand EV manufacturing, and reduce vehicle imports.

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Nigerian billionaire Abdul Samad Rabiu loses $3.4 billion in under six weeks

BUA Group chairman Abdul Samad Rabiu loses $3.4 billion in six weeks following a major profit-taking wave on the Nigerian Exchange.

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Africa’s richest man Aliko Dangote loses $2.6 billion in less than one month

A broad Nigerian stock market sell-off erases $2.6 billion from Aliko Dangote's fortune in less than a month as cement shares tumble.

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NAHCO lands FlyGabon deal, boosts solar cargo exports

NAHCO expands regional aviation operations with a new FlyGabon contract and handles major solar cell cargo exports from Lagos to the US.

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Startup raises $460 million months after Kylian Mbappé’s backing

Alan raises $460 million after Kylian Mbappé's investment, reaching a $6.3 billion valuation as it expands AI-powered healthcare services.

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How Morocco cut Casablanca Port delays in half to protect African food imports

Morocco cuts Casablanca Port delays in half, streamlining cereal and livestock feed imports to protect regional food security amid rising trade.

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