Omokolade Ajayi

450 Articles

U.S., China push Ghana to halt gold royalty hike amid miner backlash

U.S. and China urge Ghana to reconsider gold royalty hike as miners warn higher rates could hurt Africa’s top gold producers.

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Auwalu Abdullahi Rano: The oil mogul behind Nigeria’s first unmanned fuel stations

Auwalu Abdullahi Rano, the oil tycoon behind Nigeria’s first unmanned fuel stations, introduces 24/7 self-service refueling with digital controls.

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AfDB backs billion-dollar aviation push as Africa becomes fastest-growing market

AfDB launches billion-dollar program to boost Africa’s aviation and attract long-term investment.

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FirstRand tops Capitec as Africa’s most valuable lender, eyes Ghana and Nigeria

FirstRand surpasses Capitec as Africa’s top lender, targeting growth in Ghana, Nigeria, and broader regional markets.

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Showmax to shut down as MultiChoice reviews streaming strategy after Canal+ takeover

Showmax to shut down as MultiChoice reviews streaming strategy after Canal+ $2.1 billion acquisition.

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Oil at $85 boosts Nigeria, Angola but pressures South Africa’s economy

Oil at $85 boosts Nigeria and Angola’s revenues but raises fuel costs and inflation in South Africa.

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Mark Zuckerberg, world’s fifth-richest billionaire, buys $170 million Miami mansion

Meta co-founder Mark Zuckerberg acquires a $170 million Miami mansion with pool, dock, and 1,500-gallon aquarium.

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South Africa’s $1 billion LNG terminal delayed to 2028 after court disrupts plans

South Africa’s $1 billion LNG terminal at Richards Bay delayed to 2028 after court disrupts Eskom-linked plans.

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Egyptian billionaire Nassef Sawiris takes Adidas chair, holds $2 billion stake

Egyptian billionaire Nassef Sawiris to chair Adidas, holding $2 billion stake as CEO Bjorn Gulden stays through 2030.

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Africa’s largest telecom operator MTN plans Syria exit, cuts Middle East exposure

MTN Group plans to exit Syria, reducing Middle East exposure, while Nigerian operations boost profits and strengthen earnings.

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South African pharma giant Aspen hit by mRNA contract loss

South African pharma giant Aspen reports weaker results after mRNA contract loss, with commercial growth and debt reduction plans underway.

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New $62 million Somerset West project taps Western Cape housing demand

The Charles launches 178 apartments in Somerset West, Western Cape, as demand grows for secure estates and lifestyle-driven housing.

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