Omokolade Ajayi

450 Articles
Portside Tower
BusinessHot News

South Africa’s economy grows fastest in three years amid reforms

South Africa’s GDP grew 1.1 percent in 2025, its fastest pace in three years, driven by agriculture, trade, and finance sectors.

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BusinessHot News

Absa, South Africa’s third-biggest lender, boosts headline earnings to $1.52 billion

Absa’s headline earnings rise 12% to $1.52 billion, driven by stronger client activity and higher non-interest income.

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Nigerian billionaire businessman Tony Elumelu.
Hot NewsTourism

Billionaire Tony Elumelu takes time off in France’s Biarritz after historic growth across his business empire

Nigerian billionaire Tony Elumelu takes a break in France following major financial gains across banking, energy, and hospitality ventures.

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BusinessHot News

Nigerian lender FCMB meets $360 million capital requirement, secures international banking license

FCMB meets $360 million capital requirement, earning an international banking license for global operations.

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ExclusiveHot News

Africa’s 23 billionaires gain $20.3 billion; net worth hits $126.7 billion

Africa’s richest 23 gained $20.3 billion, with net worth reaching $126.7 billion as Dangote and Rabiu lead wealth growth.

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BusinessHot News

Nigeria’s Shoprite shuts all stores after 20 years despite local takeover

Shoprite Nigeria shuts all Nigerian outlets after two decades, ending local retail operations under Tayo Amusan’s ownership.

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BusinessHot News

Kenyan Sasini Tea targets China, India as Middle East crisis hits exports

Sasini Tea shifts avocado and macadamia exports to China and India as Middle East tensions disrupt traditional markets.

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BusinessHot News

Zimbabwe’s richest man Strive Masiyiwa gains $900 million; hits $2.2 billion

Strive Masiyiwa gains $900 million, pushing his net worth to $2.2 billion as telecom and tech investments strengthen his business empire.

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Aliko Dangote, president of Dangote Group
BusinessHot News

Africa’s richest man Aliko Dangote loses $400 million as naira weakens

Aliko Dangote’s net worth drops by $400 million to $32.6 billion as the naira weakens, impacting the dollar value of his holdings.

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LuxuryTourism

Iran strikes shake Dubai’s safe-haven status as wealthy residents weigh exit

Iran-linked strikes test Dubai’s safety as wealthy residents consider leaving and luxury real estate faces potential demand shifts.

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South African billionaire Patrice Motsepe.
BusinessHot News

South African billionaire Patrice Motsepe’s net worth drops below $4 billion

South African billionaire Patrice Motsepe’s net worth falls below $4 billion after a $400 million slide tied to declines in key mining stocks.

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Isyaku Abdulsamad “Khalifa” Rabiu.
BusinessExclusive

Abdul Samad Rabiu’s son, Khalifa, joins Nigeria’s wealthy with $271 million BUA Foods stake

With a significant $271 million stake in food giant BUA Foods Plc, Khalifa Rabiu steps into Nigeria’s wealthy ranks.

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