Omokolade Ajayi

776 Articles
Aliko Dangote, Africa’s richest man
BusinessBillionairesHot News

Aliko Dangote becomes first African, first Black billionaire worth over $30 billion

Aliko Dangote becomes first African and first Black billionaire worth over 30 billion dollars, with net worth rising to $30.3 billion according to Forbes.

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Aerial view of LUX Grand Baie in Mauritius, a flagship property of LUX Island Resorts under IBL Group’s luxury hospitality and tourism expansion strategy.
LuxuryBusinessHot News

LUX Island Resorts posts $191 million revenue, higher profit in 9M 2026

LUX Island Resorts posts $191 million revenue in 9M 2026, with higher profit, stronger occupancy, and asset base rising to $437 million.

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UBA House Marina in Lagos, the headquarters of United Bank for Africa.
Hot NewsBusiness

UBA plans 2026 dividend return as loan recovery efforts gain pace

UBA targets 2026 dividend return as loan recoveries improve after a N331 billion ($241.3 million) provision hit 2025 profit.

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Axian Telecom advances digital operations across Africa through cloud transformation and telecom expansion in nine markets.
TechnologyBusinessHot News

Axian Telecom taps $500 billion U.S. software giant, Oracle, to modernize African operations

Axian Telecom partners with Oracle to strengthen operations across Africa as profit rises to $226.3 million and expansion plans accelerate.

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Nigerian billionaire Abdul Samad Rabiu
BusinessBillionairesHot News

Nigerian billionaire Abdul Samad Rabiu’s net worth hits $14 billion

Abdul Samad Rabiu’s net worth rises to $14 billion as gains in BUA Cement and BUA Foods strengthen his position among Africa’s richest billionaires.

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BusinessHot News

Transcorp Power posts $22 million Q1 profit, assets top $450 million

Transcorp Power posts N29.7 billion ($22 million) profit in Q1 2026 as gas shortages hit output, while assets rise above $450 million despite revenue pressure.

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Johann Rupert, chairman of Richemont and Remgro Limited.
Hot NewsBillionairesBusiness

South Africa’s richest man, Johann Rupert, loses $900 million as Richemont shares fall

South African billionaire Johann Rupert loses $900 million in 10 days as Richemont shares fall, cutting his net worth.

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One of UBA's branches, representing the bank’s retail banking network across its pan-African operations.
Hot NewsBusiness

UBA posts $591 million gross earnings in Q1 2026 as recovery gains pace

UBA reports $591 million gross earnings in Q1 2026. FX recovery, lower impairments, and rising deposits strengthen its financial position.

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Johannesburg-born banking executive, Kenny Fihla, the Group CEO of Absa Group.
ExclusiveBusinessHot News

Kenny Fihla: Johannesburg-born banker leading $125 billion pan-African banking giant, Absa Group

Kenny Fihla leads Absa Group, a pan-African bank with over 125 billion in assets, driving earnings growth and balance sheet strength.

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Tanganyika Province in the Democratic Republic of the Congo, a mineral-rich region contributing to the country’s mining-driven economic expansion.
Hot NewsBusiness

World’s top cobalt producer, Congo, unveils $100 million US-backed guard for mine security

Congo launches $100 million US-backed mining security unit to strengthen oversight of cobalt and copper production sites.

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UBA House Marina in Lagos, the headquarters of United Bank for Africa.
Hot NewsBusiness

UBA posts $2.4 billion gross earnings; Tony Elumelu raises stake

UBA reports $2.4 billion gross earnings in 2025 as Tony Elumelu increases his stake to 14.27 percent amid strong growth.

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South Africa’s national rail master plan outlining a $181.5 billion infrastructure investment to expand freight and passenger rail capacity.
BusinessHot News

South Africa eyes rail revival with $181.5 billion, 30-year investment plan

South Africa’s rail master plan targets $181.5 billion over 30 years to rebuild freight and passenger capacity across 3,600 kilometers.

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