Omokolade Ajayi

592 Articles
Aliko Dangote, Africa’s richest man and founder of Dangote Group.
BusinessHot News

As petrol rises 84% in Nigeria, Dangote refinery sends fuel to Ghana, 4 others

As petrol rises 84% in Nigeria, Dangote refinery boosts regional exports, shipping 456,000 tonnes of refined fuel to five African nations.

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I&M Group headquarters at 1 Park Avenue, Nairobi, Kenya.
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Kenya’s I&M Group posts $145 million profit in 2025; total assets hit $5.3 billion

Nairobi-based lender I&M Group posts a $145 million profit in 2025 as total assets reach $5.3 billion.

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Workers sorting avocados at Kakuzi Plc processing facility in Kenya
BusinessHot News

Kenya’s Kakuzi returns to profit, doubles dividend on $26.6 million avocado sales

Kakuzi Plc, the Nairobi-based agricultural firm partly owned by Kenyan businessman John Kibunga Kimani, returned to profit in 2025 after a loss a year earlier, supported by stronger avocado sales, lower costs, and stable income from forestry, livestock, and blueberries. The recovery led the company to double its dividend, signaling renewed operational confidence. Dividend doubles after profit recovery The leading…

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Uganda Airlines secures $113 million for fleet expansion as Kenya Airways seeks $2 billion rescue

Uganda Airlines secures $113 million to expand its fleet as Kenya Airways seeks $2 billion from investors to stabilize operations.

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Oge Elumelu, Tony O. Elumelu, CFR, and Dr. Awele Vivien Elumelu.
Hot NewsBusiness

Heirs Energies drives African entrepreneurship, invests $10 million in 2,000 startups

Heirs Energies invests $10 million in 2,000 African startups, supporting entrepreneurs with capital, mentorship, and growth opportunities.

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Hot NewsBusiness

Remgro posts $307 million half-year earnings; Mediclinic and Rainbow boost results

Remgro posts $307 million half-year earnings, boosted by Mediclinic, Rainbow Chicken, and strong portfolio performance.

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Hitesh Anadkat, Malawian billionaire and co-founder of FMB Capital Holdings.
ExclusiveBusinessHot News

Malawian billionaire Hitesh Anadkat loses $297 million following record $1.69 billion gain

Malawian billionaire Hitesh Anadkat sees $297 million drop in FMB Capital stake after $1.69 billion gain in 2025.

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Kenya Airways’ financial strain deepens after $65 million interest default.
Hot NewsBusiness

Kenya Airways posts $132 million 2025 loss as aircraft shortages hit Africa routes

Kenya Airways posts $132 million 2025 loss as aircraft shortages cut capacity, revenue and key Africa routes.

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Hot NewsBusiness

Fuel scarcity hits Kenya as Iran war disrupts shipments

Fuel scarcity hits Kenya as the Iran war disrupts Gulf oil supplies, affecting independent retailers and East African markets.

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Nigerian billionaire Abdul Samad Rabiu
ExclusiveHot News

Nigerian billionaire Abdul Samad Rabiu’s liabilities exceed $3 billion

Nigerian billionaire Abdul Samad Rabiu’s miscellaneous liabilities top $3 billion, adjusting his net worth to $14.3 billion.

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Kenyan banker James Mwangi
Hot NewsBusiness

Kenyan banker James Mwangi to earn $5.7 million dividend from Equity Group

Kenyan banker James Mwangi will receive a $5.7 million dividend as Equity Group reports rising profits and regional growth.

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Nigeria’s state-owned oil company, NNPC.
Hot NewsBusiness

Nigeria moves to capitalize on oil surge amid global supply tensions

Nigeria plans to boost oil production amid global supply tensions, aiming to increase output and benefit from rising crude prices.

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