Omokolade Ajayi

451 Articles
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South Africa’s largest single-phase solar project secures Standard Bank backing

Standard Bank backs South Africa’s 475MW Notsi solar project, powering 140,000 homes and boosting Africa’s renewable growth.

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South African billionaire Patrice Motsepe.
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Gold slump cuts $700 million from South African billionaire Patrice Motsepe’s fortune

Patrice Motsepe loses $700 million as gold drops below $4,500, hitting mining stocks and cutting into his holdings in Harmony Gold and ARM.

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Tony Elumelu with Awele Vivien Elumelu.
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Nigerian President praises Tony Elumelu on 63rd birthday as TEF lifts 2.1 million Africans out of poverty

Nigerian President hails Tony Elumelu as TEF lifts 2.1 million Africans out of poverty and creates 1.5 million jobs.

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$4.2 billion in African revenue linked to Tony Elumelu Foundation, CEO Somachi Chris-Asoluka says

Tony Elumelu Foundation-backed startups have generated $4.2 billion in revenue and created over 1.5 million jobs in Africa.

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BusinessHot News

Shoprite enters community banking, while Nigerian franchise shuts down

Shoprite acquires R&A Cellular, expanding neighborhood financial services, while its Nigerian operation under Tayo Amusan’s Ketron shuts down.

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Equity Group headquarters in Nairobi, Kenya.
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Kenya’s Equity Group enters pharmacy business to reduce treatment costs

Equity Group enters pharmacy business through Equity Afia, aiming to cut treatment costs and expand healthcare services across East and Central Africa.

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Aliko Dangote, president of Dangote Group
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Africa turns to Aliko Dangote’s $20 billion refinery as Middle East crisis deepens

Africa turns to Aliko Dangote’s 20 billion refinery as fuel risks rise amid Middle East tensions, with countries seeking more reliable supply options.

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Adaora Umeoji, CEO of Zenith Bank, leading Nigeria’s most valuable bank.
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Zenith Bank hits $3.3 billion market cap under Adaora Umeoji as Nigeria’s most valuable bank

Zenith Bank reaches $3.3 billion market cap under Adaora Umeoji, becoming Nigeria’s most valuable bank with global expansion plans.

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South Africa’s Exxaro reports $461 million earnings in 2025 as coal drives growth

Exxaro Resources Limited reports $461 million earnings in 2025 as coal output, exports and disciplined costs support growth.

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SPAR moves to rebuild revenue
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South Africa’s SPAR moves to cut jobs amid weak sales and rising costs

SPAR Group introduces retrenchments and cost-saving measures to strengthen operations amid weak trading conditions.

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Nigerian executive Owen Omogiafo says government’s commitment to energy debt promises gains for Transcorp

Nigeria’s plan to settle energy debt could strengthen Transcorp, improving operations and funding growth in power and energy infrastructure.

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Ghanaian businessman bids to take over gold mine from Africa’s biggest miner

Ibrahim Mahama bids to take control of Ghana’s Damang gold mine, backed by a $205 million loan to expand operations.

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