Omokolade Ajayi

535 Articles
Nigerian billionaire businessman Tony Elumelu.
BusinessHot News

Tony Elumelu’s Seplat stake tops $600 million weeks after $496 million purchase

Tony Elumelu’s Seplat Energy stake has climbed above $600 million, weeks after a $496 million acquisition reshaped Nigeria’s energy sector.

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TourismBusiness

Mauritius’ Sun Limited posts nearly $90 million in 2026 half-year revenue

Mauritius’ Sun Limited reports $88 million in half-year revenue, boosted by hotels, resorts, and rising visitor arrivals.

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Aliko Dangote, president of Dangote Group
BusinessHot News

Africa’s richest man Aliko Dangote adds $1.2 billion in early 2026 gains

Africa’s richest man, Aliko Dangote, adds $1.21 billion as Dangote Cement shares climb in early 2026.

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Hot News

South Africa’s Eskom gets $3.4 billion boost from revised electricity tariffs

South Africa’s Eskom gains $3.4 billion from tariff correction, boosting finances and funding power plant upgrades.

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Hot NewsBusiness

China opens market to 400 Tanzanian agricultural exporters

China has approved 408 Tanzanian agricultural exporters, giving farmers and companies wider access to the Chinese market after months of trade coordination.

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Gold Fields’ mining operation in South Africa.
BusinessHot News

Johannesburg-based Gold Fields overtakes Naspers as Africa’s most valuable company

Gold Fields has overtaken Naspers as Africa’s most valuable company after a gold price rally lifted mining stocks on the JSE.

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Hot NewsBusiness

Egypt backs Russia-led BRICS grain exchange, expands trade ties

Egypt deepens ties with Russia, backing a BRICS grain exchange while expanding energy, trade, and investment cooperation across key sectors.

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Hot NewsBusiness

Discovery acquires Sandton head office for $252.7 million, cancels Phase 2 lease

Discovery acquires 1 Discovery Place for $252.7 million, cancels Phase 2 lease, and strengthens its Johannesburg headquarters ownership.

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Sam Darwish IHS share sale
BusinessHot News

MTN’s $2.76 billion IHS bid values Sam Darwish’s stake at $107 million

MTN’s $2.76 billion IHS bid values Sam Darwish’s 3.9 percent stake at $107 million, highlighting Africa’s telecom growth.

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ARM Boliden nickel offtake deal
BusinessHot News

Patrice Motsepe slips off world’s top 1,000 richest as net worth drops $400 million

Patrice Motsepe drops off Forbes’ top 1,000 richest after his net worth fell $400 million amid a slump in gold and mining stocks.

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BusinessHot News

Transcorp Power revenue tops $290 million in 2025, backing Nigeria’s power push

Transcorp Power posts $290 million revenue in 2025, boosting output and supporting Nigeria’s power sector growth.

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Ninety One MTN stake increase
Hot NewsBusiness

Ninety One’s MTN stake tops $1 billion as Africa telecom bet deepens

Ninety One lifts MTN holding above $1 billion, joining top shareholders amid Africa telecom growth and strategic expansion.

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