Omokolade Ajayi

597 Articles
Standard Bank's office in South Africa.
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Standard Bank eyes $15.4 billion growth market as African trade expands

Standard Bank targets a $15.4 billion African trade and SME banking market as cross-border commerce and regional growth accelerate across key economies.

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Lithium
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Nigeria wins $3 billion in mining investments as Africa halts cheap raw exports

Nigeria secures $3 billion in mining investments as African nations halt cheap raw exports to focus on local processing.

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South African executive Raymond Ndlovu.
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South African executive Raymond Ndlovu named chair of $1.2 billion logistics giant Grindrod

Raymond Ndlovu takes the helm as chairperson of Grindrod Limited, the logistics giant valued at $1.2 billion, ensuring strategic continuity.

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Nedbank COO Mfundo Nkuhlu.
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Nedbank COO Mfundo Nkuhlu pockets $2.2 million in 2025 pay package

Nedbank COO Mfundo Nkuhlu’s 2025 pay totals R35.2 million ($2.2 million) as bonuses and stock awards decline despite steady bank performance.

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Flutterwave logo representing Africa’s most valuable tech unicorn.
TechnologyBusinessHot News

African fintech giant Flutterwave hits $3.3 billion valuation as Ripple buys stake

Flutterwave hits a $3.3 billion valuation after Ripple takes a stake to boost stablecoin-driven cross-border payments across Africa.

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South Africa's richest man Johann Rupert
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South African billionaire Johann Rupert becomes second African to hit $20 billion

Johann Rupert hits $20.2 billion as Richemont luxury stock surges, making him the second African to pass the $20 billion mark.

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Cape Town’s tourism sector held steady in 2025.
TourismBusinessHot News

Cape Town tourism holds steady as foreign visitors drive $1.5 billion in spending

Cape Town tourism stays steady in 2025 as international visitors drive $1.5 billion in spending and domestic travel weakens.

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Sim Tshabalala, CEO of Standard Bank Group.
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Sim Tshabalala sees Standard Bank stake top $15 million ahead of 2027 retirement

A stronger rand and rising JSE shares push Sim Tshabalala’s Standard Bank stake over $15 million as the lender expands across Africa.

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Conoil Plc, the Lagos-based petroleum marketer.
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Nigeria’s Conoil profit jumps to $2.9 million in Q1 2026 on lower costs

Conoil posts N3.89 billion ($2.9 million) Q1 2026 profit as cost cuts offset revenue decline and strengthen margins.

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Moroccan billionaire Anas Sefrioui
BillionairesBusinessHot News

Moroccan billionaire Anas Sefrioui’s net worth rises $100 million in 24 hours

Anas Sefrioui's net worth climbed to $1.5 billion following a $100 million surge driven by a rally in Addoha housing shares.

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TechnologyBusinessHot News

Pretoria-born trillionaire, Elon Musk, projects $1 trillion SpaceX revenue by 2030

Elon Musk projects SpaceX annual revenue could reach $1 trillion by 2030 following its historic public listing.

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Nigerian billionaire Tony Elumelu, with United Capital CEO Peter Ashade and other executives of the company
Hot NewsBusiness

United Capital buys $13.3 million stake in Nigerian Exchange Group amid Africa expansion push

United Capital acquires a 5 percent stake in Nigerian Exchange Group worth $13.3 million, reinforcing its Africa expansion strategy and capital market footprint.

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