Omokolade Ajayi

450 Articles
Johann Rupert, chairman of Richemont and Remgro Limited.
BusinessHot News

South Africa’s richest man, Johann Rupert, slips below $19 billion

South Africa’s richest man, Johann Rupert, chairman of Swiss luxury giant Richemont, has seen his net worth slip below the $19 billion mark, tempering earlier expectations that he could soon join the small circle of Africans worth more than $20 billion. At the start of the year, his fortune climbed as high as $19.7 billion, putting him within reach of…

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BusinessHot News

Mauritius-based MCB Group posts $315 million profit as earnings climb 15%

Mauritius-based MCB Group posts $315 million profit, up 15%, with assets exceeding $23 billion and global operations expanding.

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Hot NewsLuxury

Tsogo Sun buyback tops $14 million as shares fall 33% on JSE

Tsogo Sun repurchases $14.1 million in shares amid 33% stock decline, maintaining financial stability and operational growth.

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Nigerian billionaire Abdul Samad Rabiu
BusinessHot News

Abdul Samad Rabiu becomes Africa’s third-richest as net worth hits $11 billion

Nigerian billionaire industrialist and philanthropist Abdul Samad Rabiu has reached a major milestone, becoming Africa’s third-richest person with a net worth of $11 billion. The surge, driven by a single-day gain of $560 million, comes barely three weeks after he surpassed the $10 billion mark. According to Forbes, Rabiu is now the world’s 278th richest individual, surpassing South African billionaire…

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Adebayo Ogunlesi, Nigerian billionaire and co-founder of Global Infrastructure Partners.
BusinessHot News

Nigerian billionaire Adebayo Ogunlesi loses $100 million as BlackRock hits $14 trillion

Adebayo Ogunlesi’s net worth drops to $2.4 billion amid BlackRock stock decline despite reaching $14 trillion in assets under management.

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Hot News

Unemployment in South Africa falls to lowest level since 2020

South Africa’s unemployment rate drops to 31.4 percent in fourth quarter 2025, lowest since 2020, as hiring improves modestly.

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BusinessHot News

Aliko Dangote’s daughters, Halima, Fatima, Mariya, take key roles in family conglomerate

Dangote daughters assume executive roles, leading energy, cement, and international operations at Africa’s top conglomerate.

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BusinessHot News

South Africa fast-tracks $3 billion Durban LNG power plant

South Africa accelerates a $3 billion Durban LNG plant, combining power generation, gas pipelines, and industrial LNG supply.

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African Rainbow Minerals profit
BusinessHot News

Patrice Motsepe steps down from ARM executive duties under new JSE rules

South African billionaire Patrice Motsepe steps down from ARM executive role, stays as chairman.

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BusinessHot News

BUA Group drives Africa’s food independence through strategic Abu Dhabi deals

BUA Group teams with AD Ports and MAIR to expand sugar refining, regional food production, and global logistics.

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Hot NewsTechnology

Africa’s first defense tech prime Terra Industries closes $34 million funding round

Terra Industries raises $34 million to expand Africa’s first homegrown defense tech and secure $11 billion in critical infrastructure.

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Nigerian billionaire Abdul Samad Rabiu
Hot NewsTourism

Nigerian billionaire Abdul Samad Rabiu shares boat cruise weeks after Masai Mara safari

Abdul Samad Rabiu shares a boat cruise after Masai Mara safari; BUA Foods posts record profits, and cement expansion underway.

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