Omokolade Ajayi

776 Articles
Egyptian fintech startup, Blnk
TechnologyBusinessHot News

Egyptian fintech startup, Blnk, raises $37 million to scale AI-driven consumer lending

Blnk raises $37 million in equity and debt to expand point-of-sale consumer credit and drive financial inclusion.

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Africa’s first Black billionaire Patrice Motsepe.
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Africa’s first Black billionaire Patrice Motsepe loses $800 million in under five months

Patrice Motsepe loses $800 million in under five months as Harmony Gold and ARM shares tumble on the JSE amid a broader precious metals retreat.

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Nigerian billionaire Tony Elumelu, with United Capital CEO Peter Ashade and other executives of the company
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Nigeria’s United Capital enters East Africa, clinches operating licenses in Ethiopia, Rwanda

United Capital enters Ethiopia and Rwanda, becoming the first foreign investment bank permitted to handle investment banking services in Ethiopia.

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Aliko Dangote, Africa’s richest man and founder of the Dangote Group
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Aliko Dangote’s net worth nears $40 billion as refinery eyes $50 billion IPO

Aliko Dangote’s wealth nears $40 billion as a planned $50 billion refinery IPO draws strong global investor interest and massive capital requests.

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Ethiopian Airlines Group.
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Ethiopian Airlines plots 25-jet expansion plan, following $4.4 billion first-half revenue

Ethiopian Airlines plans to buy 25 regional commercial jets following a record $4.4 billion first-half revenue performance.

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World's richest person Elon Musk.
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Bloomberg, Forbes track billions on different scales, but Elon Musk’s trillionaire milestone is closing in

Bloomberg and Forbes differ on Elon Musk's current billions, but the upcoming SpaceX IPO puts him on track to become the world's first trillionaire.

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Nigerian banker Adaora Umeoji
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Nigerian banker Adaora Umeoji’s Zenith Bank stake rises to $27 million

Adaora Umeoji’s stake in Zenith Bank reaches $27 million, driven by a 107 percent stock surge and record assets of $23.4 billion.

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Hot NewsBillionairesBusiness

South African billionaire Koos Bekker gains $100m from Tencent AI rally, EU antitrust delay

Koos Bekker’s net worth jumps to $3.5 billion as a Tencent AI agent prototype and a European Commission antitrust delay send Naspers and Prosus shares higher.

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Nigerian billionaire Abdul Samad Rabiu.
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Abdul Samad Rabiu drops as Africa’s second-richest after $2.2 billion wealth loss

Abdul Samad Rabiu falls from Africa's second-richest spot after a $2.2 billion net worth decline, with Johann Rupert reclaiming the rank.

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The Development Bank of Nigeria (DBN).
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Nigeria’s DBN pumps $735 million into local businesses, sets sight on 2 million jobs

DBN backs over one million small firms with $735 million, aiming to spark two million new jobs under a fresh five-year strategy.

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Flutterwave logo representing Africa’s most valuable tech unicorn.
TechnologyBusinessHot News

Flutterwave, Tempo partner to speed up payments from US, Europe to Africa

Flutterwave partners with Tempo to launch stablecoin payment infrastructure, cutting cross-border fees as volumes cross $40 billion.

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Hot NewsBusiness

FlySafair cuts fuel surcharge 40 percent amid overbooking probe

FlySafair slashed its dynamic fuel surcharge by 40 percent amid an intense overbooking investigation by South African consumer watchdogs.

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