Omokolade Ajayi

776 Articles

Nigerian monarch Lamido Sanusi’s MTN board pay may top N500 million in 2026 on stronger earnings

Nigerian monarch Lamido Sanusi, Emir of Kano, could earn above N500 million in 2026 as MTN Group performance strengthens.

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South African executive Melanie Da Costa named CEO of $1.4 billion healthcare group, Netcare

South African executive Melanie Da Costa is set to become CEO of Netcare, a $1.4 billion healthcare group, after a structured transition.

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Sky Investments outlines $500 million plan for Egypt’s logistics and ports growth

Sky Investments Holding plans $500 million investment across Egypt’s ports logistics and real estate over three years, boosting infrastructure growth.

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NCC probe puts FlySafair under scrutiny as Tshepo Mahloele’s Harith advances deal

South Africa's NCC probes FlySafair over alleged overbooking as Harith General Partners advances its acquisition of the airline.

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Path to Seplat Energy chairmanship clears as Tony Elumelu joins board as non-executive director

Nigerian billionaire Tony Elumelu joins Seplat Energy board as non-executive director as stake value rises above $1 billion.

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South Africa’s Eskom explores World Bank backing for multibillion-dollar nuclear build

Eskom explores World Bank support for a multibillion-dollar nuclear project aiming to add up to 5,200 megawatts to South Africa’s power grid.

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Nigerian billionaire Femi Otedola to pour part of $750 million warchest into Dangote Refinery

Femi Otedola plans a $100 million stake in Dangote Refinery, reallocating capital from his $750 million Geregu Power exit into Nigeria’s energy sector shift.

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Spear REIT expands Western Cape push with new acquisition talks after $60 million raise

Spear REIT advances Western Cape expansion plans after raising R1 billion ($60.2 million), pursuing new income-generating property acquisitions.

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Africa’s richest man Aliko Dangote advances $45 billion expansion with 10,000-hectare Nigerian port

Aliko Dangote’s conglomerate begins work on a 10,000-hectare Ogun deep-sea port to expand exports, logistics and industrial capacity in Nigeria.

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Tony and Awele Elumelu named on TIME100 Philanthropy list as TEF lifts 2.1 million Africans out of poverty

TIME100 honors Tony and Awele Elumelu as TEF impact reaches 2.1 million Africans lifted from poverty through entrepreneurship programs.

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Nigerian billionaire Abdul Samad Rabiu’s net worth jumps $606 million in one day, nears $20 billion

Abdul Samad Rabiu’s net worth jumps $606 million in a day to $19.7 billion, driven by strong gains in BUA Cement shares.

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Axian Telecom’s Oracle deal begins rollout as Yas moves to unify operations across Africa

Axian Telecom rolls out Oracle ERP as Yas unifies operations across Africa, integrating finance, supply chain and digital systems.

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