Omokolade Ajayi

776 Articles
Mauritius-based insurance group MUA Limited
BusinessHot News

Mauritius-based MUA posts $7.85 million first-half profit as home market drives growth

MUA Limited’s first-half profit rose 48 percent to $7.85 million as stronger insurance earnings in Mauritius offset losses in parts of East Africa.

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MTN Group logo, representing the pan-African telecom operator.
TechnologyBusinessHot News

MTN Rwanda’s half-year profit more than triples to $11.7 million on mobile money, data growth

MTN Rwanda more than tripled first-half profit to $11.7 million as Mobile Money and data revenue increased, while lower finance costs and tighter spending boosted earnings.

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Tanzanian billionaire Mohammed Dewji
BillionairesBusinessHot News

Tanzanian billionaire Mohammed Dewji eyes regional growth and industrial expansion

Tanzanian billionaire Mohammed Dewji meets Nedbank Chairman Daniel Mminele to discuss capital access and funding cross-border industrial growth in Africa.

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kenya Airways
Hot NewsBusiness

Kenya rushes to sell stake in troubled national airline by year-end

Kenya is accelerating plans to sell a strategic stake in Kenya Airways by December 2026 to inject fresh capital and end persistent state cash bailouts.

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South African billionaire Patrice Motsepe.
BillionairesBusinessHot News

Patrice Motsepe’s net worth rebounds to $3.6 billion as mining stocks rise

Patrice Motsepe’s net worth has risen to $3.6 billion as African Rainbow Minerals and Harmony Gold shares gain on the Johannesburg Stock Exchange (JSE).

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South African executive Abigail Mukhuba
BusinessHot News

South African executive Abigail Mukhuba earns $1.6 million from Sanlam in 2025

Sanlam finance director Abigail Mukhuba earned $1.6 million in 2025, with total remuneration rising 17% from the previous year.

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Absa Group, South Africa’s third-biggest lender.
BusinessHot News

Absa Group posts higher income as earnings, lending improve in first half of 2026

Absa Group reported higher first-half 2026 income and earnings as lending and deposits grew across its African operations.

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Capitec Bank HQ
BusinessHot News

Capitec overtakes FirstRand as Africa’s most valuable bank at $34.5 billion

Capitec overtakes FirstRand as Africa’s most valuable bank, reaching a $34.5 billion market capitalization after stronger earnings and share gains.

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Engr. Mohammed Sani Jaoji
BusinessHot News

Mohammed Sani Jaoji named CEO of Geregu Power after $29.4 million bond default

Geregu Power names Mohammed Sani Jaoji acting CEO after a $29.4 million bond default and sharp declines in revenue and profit.

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Dangote Refinery gasoline storage tank with 60 million liters capacity under Dangote Industries Limited operations in Nigeria.
Hot News

Dangote, local refiners eye up to $328 million savings in crude swap plan

Nigerian refiners, including Dangote, eye up to $328.8 million in operational savings under a new domestic crude oil logistics swap mechanism.

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Ernest Azudialu-Obiejesi
Hot NewsBillionairesBusiness

Nigeria’s EFCC recovers $60 million from Ernest Azudialu-Obiejesi’s Nestoil

Nigeria’s EFCC has recovered $60 million from Ernest Azudialu-Obiejesi’s Nestoil to settle a portion of its multibillion-dollar debt with commercial banks.

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South African food producer RCL Foods
BusinessHot News

Johann Rupert-backed poultry firm, RCL Foods, expects earnings to fall as sugar, pet food weigh

RCL Foods expects earnings to fall up to 35 percent as sugar imports, pet food disruptions and impairments pressure results.

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