Omokolade Ajayi

776 Articles
Nairobi’s Le’Mac Tower
Hot NewsBusiness

Parts of Nairobi’s $41.5 million Le’Mac Tower set for auction

Part of Nairobi’s Le’ Mac Tower valued at $41.5 million goes to auction after developer enters administration over unpaid debts in Westlands.

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A platinum plant in Zimbabwe
Hot NewsBusiness

Zimbabwe’s platinum sector targets $2 billion in exports amid global demand

Zimbabwe’s platinum sector targets $2 billion in export receipts by 2027, driven by rising global demand, firmer prices, and smelter expansion.

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Late Nigerian banker Herbert Wigwe
BusinessHot News

Estate of Late Nigerian banker Herbert Wigwe sees Access Holdings stake top $52 million

Herbert Wigwe’s estate stake in Access Holdings tops $52 million as the lender’s share price rally boosts the value of its 5.71% holding.

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Nigerian billionaire Abdul Samad Rabiu.
BusinessBillionairesHot News

After $11 million Q1 revenue, Abdul Samad Rabiu brings BUA Rice back to market

BUA Foods brings back branded BUA Rice to boost domestic supply after the rice division generated $11 million in the first quarter of 2026.

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Kenyan banker James Mwangi
BusinessBillionairesHot News

Kenyan banking chief James Mwangi gains $12.1 million from Equity Group rally

James Mwangi’s Equity Group stake rises $12.1 million as shares climb 18.3 percent on Nairobi Securities Exchange amid strong earnings growth.

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One of Tonino Lamborghini's assets.
LuxuryBusinessHot News

Tonino Lamborghini enters Africa with $60.5 million Zimbali Lakes project in South Africa

Tonino Lamborghini launches a $60.5 million hotel and branded residences project at Zimbali Lakes on South Africa’s North Coast.

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Dr. Awele Vivien Elumelu.
ExclusiveBusinessHot News

Dr. Awele Elumelu: Physician behind Nigeria’s top HMO and $1.6 billion hospitality giant

Dr. Awele Elumelu, the physician leading a $1.67 billion hospitality giant and Nigeria’s most trusted health maintenance organization.

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Nigerian billionaire businessman and philanthropist Tony Elumelu.
Hot NewsBillionairesBusiness

Nigerian billionaire Tony Elumelu hosts Mastercard CEO as UBA deepens global banking push

Tony Elumelu hosts Mastercard CEO as UBA advances AI-driven cross-border banking and global expansion strategy.

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BusinessHot News

Nigeria’s energy giant Aradel posts $90 million Q1 profit as new assets pay off

Aradel Holdings reports a 252 percent surge in Q1 profit to $90 million, powered by newly integrated upstream and gas assets.

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Zambian economist Saviour Chibiya.
Hot NewsBusiness

Zambian economist Saviour Chibiya takes home $1.35 million from Absa Group

Saviour Chibiya saw his Absa Group pay rise to R22.17 million ($1.35 million) in 2025, driven by short-term performance incentives.

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Solar panels
Hot NewsBusiness

Botswana secures $100 million for major solar project to power Southern Africa

Botswana secures $100 million for its first major solar plant, boosting regional cross-border energy trading across southern Africa.

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South Africa's richest man Johann Rupert
BillionairesBusinessHot News

South Africa’s richest man Johann Rupert loses $100 million as Richemont shares retreat

South African billionaire Johann Rupert loses $100 million as investors lock in gains from luxury group Richemont.

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