Omokolade Ajayi

776 Articles
Egyptian wheat supply linked to import diversification strategy.
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Egypt buys record amount of wheat from farmers after reforms

Egypt bought a record 4.6 million tons of local wheat after policy reforms raised domestic prices to ease foreign currency shortages.

Omokolade Ajayi Omokolade Ajayi
World's richest person Elon Musk.
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Elon Musk’s SpaceX beats Saudi Aramco in landmark IPO, raising $75 billion

SpaceX raises $75 billion in a record IPO, surpassing Saudi Aramco and valuing Elon Musk’s company at $1.77 trillion.

Omokolade Ajayi Omokolade Ajayi
Standard Bank, Africa's biggest lender by assets.
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Standard Bank eyes lead advisory role in Dangote refinery IPO, expansion plans

Standard Bank plans a lead advisory role in the Dangote refinery initial public offering while signaling support for future expansion across Africa.

Omokolade Ajayi Omokolade Ajayi
Dangote Refinery gasoline storage tank with 60 million liters capacity under Dangote Industries Limited operations in Nigeria.
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Dangote Refinery valued at $39.1 billion in private placement as it seeks fresh capital

Dangote Petroleum Refinery is valued at $39.1 billion in a private placement aiming to raise about $1 billion in fresh capital.

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MTN CEO Ralph Mupita: Nigerian, Ugandan fintech spinoffs entering final stages

MTN Group is in the final stages of spinning off its Nigerian and Ugandan fintech units, clearing the path for strategic minority stake sales.

Omokolade Ajayi Omokolade Ajayi
Ghana’s Sentuo oil refinery.
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Ecobank leads $200 million push to double Ghana’s Sentuo Oil Refinery capacity

Ecobank leads a $200 million syndicated facility to expand the $1.98 billion Sentuo refinery, cutting Ghana's dependency on foreign oil.

Omokolade Ajayi Omokolade Ajayi
South African executive Dawie de Villiers.
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South African executive Dawie de Villiers steers Alexforbes to $44 billion in assets

Alexforbes assets hit $44.4 billion under Dawie de Villiers as 2026 normalized profit jumps 22 percent amid retail and platform growth.

Omokolade Ajayi Omokolade Ajayi
NERC headquarters building in Abuja’s Central Business District, Nigeria’s capital administrative district.
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Nigeria’s power sector bleeds $230 million over unpaid energy bills in Q1 2026

Nigeria’s power distributors lost $230 million in Q1 2026 as unbilled electricity, unpaid customer debts, and power theft deepened sector losses.

Omokolade Ajayi Omokolade Ajayi
Ultra-modern hospital in Kenya showcasing advanced medical facilities and contemporary architecture.
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Kenya’s cancer care drive gets boost with $4.7 million specialist hospital in Nairobi

RVL Healthcare to build a $4.7 million specialist cancer hospital in Nairobi to expand advanced oncology care in Kenya.

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Nigerian mogul Samuel Bolarinde.
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Nigerian mogul Samuel Bolarinde’s Vitafoam stake nears $25 million

Samuel Bolarinde's Vitafoam stake nears $25 million as a major NGX rally drives the foam maker's market cap to $232 million.

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Johannesburg-based investor Genevieve Sangudi.
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Johannesburg-based investor Genevieve Sangudi, partners lead Alterra to 10 exits in 30 months

Genevieve Sangudi and partners at Alterra have led 10 portfolio exits in just over 30 months, including the sale of TiAuto to Marubeni.

Omokolade Ajayi Omokolade Ajayi
MTN Group logo, representing the pan-African telecom operator.
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MTN targets Nigeria’s $236 billion credit gap with direct lending push

MTN Group plans to launch direct lending in Nigeria to target a $236 billion funding gap and disrupt African banking.

Omokolade Ajayi Omokolade Ajayi