Omokolade Ajayi

597 Articles

South African giant Naspers forecasts 28% earnings jump on e-commerce growth

Naspers expects up to 28 percent earnings growth as e-commerce strength and global internet investments boost profitability across key markets.

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Zimbabwe’s richest man Strive Masiyiwa shares lesson from failed Nigerian investment pitch

Strive Masiyiwa shares a vital lesson on investment discipline and personal satisfaction gained from a rejected telecom pitch in Nigeria.

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Patrice Motsepe, Africa’s first Black billionaire, rebounds after $800 million drop

Patrice Motsepe sees a $200 million wealth rebound as mining stocks recover, lifting his net worth to $3.8 billion.

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Nigerian billionaire Femi Otedola takes First HoldCo shares worth over $30 million at nearly 40% discount

Femi Otedola boosts his First HoldCo stake to 20.42 percent after acquiring shares valued at over $30 million at a nearly 40 percent discount.

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Hyprop invests $2.73 million in solar upgrade at Johannesburg’s The Glen mall

Hyprop invests R45 million ($2.73 million) in a solar upgrade at The Glen to cut costs as portfolio revenue climbs to R6.9 billion ($420 million).

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MTN Nigeria CFO Modupe Kadri lifts stake past $1.5 million with new share buy

MTN Nigeria CFO Modupe Kadri boosts his stake past $1.5 million following a new N1.03 billion share purchase on the NGX.

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South African billionaire Christo Wiese’s Brait plots Virgin Active IPO in $152 million public market push

Christo Wiese's Brait backs a $152 million rights offer as Virgin Active advances IPO plans after reporting 37 percent EBITDA growth.

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Oil exports lift Nigeria’s current account surplus to $4.98 billion in Q1 2026

Oil and gas export growth lifted Nigeria's current account surplus to $4.98 billion in Q1 2026 as refined petroleum imports plummeted.

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Investors eye gains as Kenyan banker Nancy Njau leads Family Bank to $230 million listing

Nancy Njau leads Family Bank toward a $230 million NSE listing, delivering gains to investors and marking a new milestone for the Kenyan lender.

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Africa’s richest man Aliko Dangote’s refinery cuts petrol, diesel, jet fuel prices

Aliko Dangote’s refinery has slashed domestic fuel prices in Nigeria following a decline in global crude costs spurred by a United States-Iran interim peace agreement.

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Zimbabwe hikes minimum wage by 80% as new gold-backed currency steadies

Zimbabwe boosts unclassified minimum wage by 80 percent to $270 and sets new tiered pay scales for domestic staff.

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Nigerian executive Khalifa Biobaku exits UAC of Nigeria with $6.2 million share sale

Nigerian executive Khalifa Biobaku sells his remaining stake in UAC of Nigeria for N8.41 billion ($6.2 million), finalizing his full divestment.

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