Omokolade Ajayi

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

South African executive Gary Nagle takes $7.4 million pay from Glencore in 2025

Gary Nagle received $7.47 million pay from Glencore in 2025 as profits rose and copper expansion boosted earnings.

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Botswana's capital city.
BusinessGlobal NewsHot News

Bank of Botswana raises rates, first African central bank to act since war shock

Bank of Botswana raises rates to 5.5 percent, first African central bank to tighten policy after energy shock fuels inflation pressures across region.

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South African billionaire Patrice Motsepe.
Hot NewsBillionairesBusiness

South African billionaire Patrice Motsepe’s net worth slips $100 million to $3.8 billion

Patrice Motsepe’s fortune declines to 3.8 billion as African Rainbow Minerals shares weaken after recent trading pressure.

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Axian Telecom advances digital operations across Africa through cloud transformation and telecom expansion in nine markets.
Hot NewsBusinessTechnology

Axian Telecom rises after Oracle deal, ranks among Africa’s fastest-growing firms

Axian Telecom rises to No. 63 on the 2026 Financial Times list of Africa’s fastest-growing companies under Hassanein Hiridjee, driven by steady expansion across African markets.

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Femi Otedola, Nigerian billionaire and chairman of First HoldCo, the parent company of First Bank of Nigeria.
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Nigerian billionaire Femi Otedola tightens grip on First HoldCo with $31.7 million share purchase after $233 million Q1 profit

The latest investment adds another chapter to Femi Otedola’s repositioning from oil and commodities into banking.

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Airtel Africa continues expanding mobile and digital services across African markets as subscriber growth accelerates.
TechnologyBusinessHot News

Airtel Africa profit tops $800 million as data, mobile money growth accelerates

Airtel Africa's profit rose to $813 million as data usage and mobile money growth boosted revenue to $6.41 billion.

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OPEC Fund for International Development.
Hot NewsBusinessGlobal News

South Africa secures $150 million loan from OPEC Fund for infrastructure reforms

South Africa secures a $150 million OPEC Fund loan to advance infrastructure reforms in energy, rail, and port systems.

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Aliko Dangote, Africa’s richest man and founder of Dangote Group.
Hot NewsBillionairesBusiness

Aliko Dangote courts Norway’s $2 trillion fund before $50 billion refinery IPO

Aliko Dangote engages Norway’s $2 trillion fund ahead of a planned $50 billion refinery IPO, boosting Africa’s energy investment outlook.

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Nigeria’s state-owned oil company, NNPC.
BusinessHot News

Nigeria’s crude output rises in April 2026, nears OPEC quota as exports expand

Nigeria’s crude oil output climbs to 1.663 million barrels per day in April 2026, edging closer to its OPEC quota as exports and production stability improve.

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TechnologyBusinessHot News

Amid $100 million expansion plan, Redtech ranks among Africa’s fastest-growing companies

Redtech, backed by Tony Elumelu, ranks among Africa’s fastest-growing fintech firms amid expansion into 29 countries.

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Prosus wins more time for Delivery Hero sale
TechnologyBusinessHot News

Prosus, led by South African billionaire Koos Bekker, targets $3.6 billion Just Eat revenue

Prosus, led by South African billionaire Koos Bekker, targets $3.6 billion revenue from Just Eat within a year as it streamlines operations.

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Isyaku Abdulsamad “Khalifa” Rabiu.
Hot NewsBillionairesBusiness

Abdul Samad Rabiu’s son, Khalifa’s BUA Foods stake tops $300 million

BUA Foods' valuation lifts Khalifa Rabiu’s 473,628,201 share stake above $300 million amid a 21 percent rally on the Nigerian Exchange.

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