Omokolade Ajayi

451 Articles

South Africa’s Vukile buys $202 million stake in Barcelona mall

Vukile acquires a $202 million stake in Barcelona’s Splau mall, partnering with Unibail-Rodamco-Westfield to grow in Spain.

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Nigerian monarch Lamido Sanusi, the Emir of Kano, takes home N442 million from MTN

Lamido Sanusi, Emir of Kano, received N442 million from MTN in 2025 as the telecom firm posted a recovery in key African markets.

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South Africa’s Woolworths to buy $300 million convenience foods supplier, in2food

Woolworths to acquire in2food, boosting premium food supply, supply chain efficiency, and innovation under its existing management.

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MTN CEO Ralph Mupita earns $4.1 million as telecom giant returns to profit

MTN Group posts $2.81 billion profit; CEO Ralph Mupita takes home $4.1 million in 2025 compensation.

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Nigeria’s inflation eases to 15.06% in February but monthly pressures rise

Nigeria’s inflation eased to 15.06% in February, but monthly price pressures intensified for households.

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Shoprite enters community banking through R&A Cellular acquisition

Shoprite acquires R&A Cellular to expand digital payments and financial services through local spaza shops.

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South African billionaire Koos Bekker loses $400 million in two months

South African billionaire Koos Bekker loses $400 million as Naspers and Prosus shares fall amid global market pressures.

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South African businessman Robert Gumede’s Vision Group seeks solution to Tongaat Hulett’s financial crisis

Robert Gumede’s Vision Group pursues a solution to rescue Tongaat Hulett, aiming to preserve its financial and social value.

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Senegalese-American executive Aicha Evans’ Zoox taps Uber to offer robotaxi rides in Las Vegas and LA

Aicha Evans’ Zoox partners with Uber to launch driverless robotaxis in Las Vegas this summer and Los Angeles in 2027.

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Rising oil prices may ease Algeria’s budget strain, boost reserves

Oil price surge supports Algeria’s budget, while other African nations face inflation and import costs.

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Ken Sharpe’s WestProp woos South African retailers for $100 million Mall of Zimbabwe

WestProp courts South African retailers for its $100 million Mall of Zimbabwe, a flagship project set to reshape Harare’s retail landscape.

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Surging oil prices put South Africa’s fragile recovery at risk

Brent above $100 raises inflation and growth risks for South Africa as conflict drives volatile oil markets and higher fuel costs.

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