Omokolade Ajayi

983 Articles
Ethiopia’s richest man, Mohammed Al Amoudi.
BillionairesBusinessHot News

Ethiopian billionaire Mohammed Al-Amoudi’s net worth drops below $10 billion

Mohammed Al-Amoudi’s net worth falls to $9.74 billion as asset valuations decline, while MIDROC targets 120,000 employees and 10 new hotels.

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BillionairesBusinessHot News

South African billionaire Koos Bekker’s wealth drops by $800 million

Koos Bekker loses $800 million as tech selloffs hit Naspers and Prosus, cutting his fortune down to $3.2 billion.

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Mauritius’ ER Group
CompaniesBusinessHot News

Mauritius’ ER Group posts $153.7 million profit as hospitality drives growth

ER Group posted $153.7 million profit as hospitality and travel drove growth, with operating cash flow rising to $235 million.

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Malagasy tycoon Hassanein Hiridjee
CompaniesHot NewsTechnology

Hassanein Hiridjee’s Axian expands Senegal data center for Africa’s AI boom

Hassanein Hiridjee’s Axian Group is expanding its Dakar data center as Africa’s demand for AI and cloud computing drives demand for local server capacity.

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South African billionaire Patrice Motsepe.
BillionairesHot NewsMarkets

Africa’s first Black billionaire Patrice Motsepe loses $400 million in mining rout

Patrice Motsepe’s net worth has fallen by $400 million to $3.3 billion as weaker mining stocks pressure his African Rainbow Minerals and Harmony Gold holdings.

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Nigeria’s state-owned oil company, NNPC.
EnergyBusinessHot News

Nigeria’s gas supply crosses 2 billion cubic feet daily to ease power crisis

Nigeria’s domestic gas supply has surpassed 2 billion cubic feet per day as gas production and infrastructure investment expand.

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Moroccan King Mohammed VI
BankingBillionairesHot News

As France retreats, Moroccan king’s bank claims ground in Ghana

Morocco’s royal-backed Attijariwafa Bank snaps up Société Générale’s majority stake in Ghana, marking a bold power shift into Anglophone West Africa.

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Lytania Johnson
ExecutivesBusinessHot News

25-year climb puts $1 million FirstRand stake in South Africa’s FNB CEO hands

Lytania Johnson’s 25-year rise at FNB has culminated in a $1.06 million FirstRand stake, built through deferred executive incentives and share awards.

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South African executive Simon Baloyi
ExecutivesBusinessHot News

South African executive Simon Baloyi bags $2.6 million pay as Sasol profit jumps

Sasol CEO Simon Baloyi’s pay surged 65.4% to R42.87 million ($2.57 million) in 2026, driven by higher incentives as the energy group’s profits doubled.

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Aliko Dangote, Africa's richest man and Dangote group President
BusinessBillionairesHot News

Aliko Dangote’s $16 billion Kenya refinery faces fresh legal challenge

Aliko Dangote’s $16 billion Kenya refinery faces legal scrutiny over public funding, state guarantees, and disputed coastal land in Lamu.

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CIEL Group corporate logo representing the Mauritius-based conglomerate operating across hotels, healthcare, finance, and textiles.
BusinessCompaniesHot News

Mauritius conglomerate CIEL posts $856 million revenue on tourism boom

CIEL Limited reported an 8% revenue rise to $856.1 million for FY26, driven by strong gains in hospitality and healthcare despite regional textile headwinds.

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Voco hotels, IHG Hotels & Resorts’ fastest-growing premium brand
HospitalityBusinessHot NewsLifestyle

IHG’s voco hotels opens first East African property in Nairobi

IHG Hotels & Resorts has opened voco Nairobi Airport Suites, its first voco property in East Africa, adding 112 suites near Jomo Kenyatta International Airport.

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