Omokolade Ajayi

373 Articles
Nompumelelo Zikalala, CEO of Kumba Iron Ore, leading the South African mining company.
BusinessHot News

Durban-born mining executive Nompumelelo Zikalala’s pay hits $2.1 million in 2025

Nompumelelo Zikalala earned $2.1 million in 2025 after Kumba Iron Ore reported $1.95 billion EBITDA and stronger performance.

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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.
BusinessHot News

Congo set to overtake Ethiopia as sub-Saharan Africa’s fifth-largest economy

Congo projected to overtake Ethiopia as sub-Saharan Africa’s fifth-largest economy, driven by mining, currency gains and IMF projections.

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Phuthi Mahanyele-Dabengwa, first Black chief executive of Naspers, South Africa.
BusinessHot News

South African executive Phuthi Mahanyele-Dabengwa eyes $5 million moonshot award

Phuthi Mahanyele-Dabengwa could receive up to $5 million in Prosus and Naspers shares by 2029 under a long-term performance-linked incentive plan.

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Aliko Dangote, president of Dangote Group
BillionairesBusinessHot News

Africa’s richest man, Aliko Dangote, to pocket $490 million from Dangote Cement

Aliko Dangote set to receive $490 million dividend from Dangote Cement as profits top N1 trillion and expansion accelerates.

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The Capital Boardwalk aparthotel by Capital Hotels in Gqeberha.
Hot NewsLuxury

Capital Hotels opens $17 million Boardwalk aparthotel in Gqeberha

Capital Hotels has opened The Capital Boardwalk in Gqeberha, a $17 million aparthotel with 145 rooms in Nelson Mandela Bay.

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Mpumi Madisa, Chief Executive Officer of Bidvest Group.
BusinessExclusiveHot News

Mpumi Madisa: Gauteng-born executive behind $4.9 billion South African giant, Bidvest Group

Gauteng-born Mpumi Madisa leads Bidvest Group, a $4.9 billion South African conglomerate, overseeing growth, expansion and steady financial performance.

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BusinessHot News

Kenya scrambles for World Bank rescue as Iran war shakes economy

Kenya seeks World Bank support as Iran conflict-driven oil prices strain inflation, currency stability and economic growth outlook.

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OCP workers operating at a phosphate production facility in Morocco.
BusinessHot News

Morocco’s OCP raises $1.5 billion in first international hybrid bond

OCP raises $1.5 billion hybrid bond, attracting about $7 billion in orders from global investors across 23 countries.

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Aliko Dangote, Africa’s richest man and founder of Dangote Group.
BusinessHot News

Aliko Dangote’s $50 billion refinery IPO set to create Africa’s most valuable company

Aliko Dangote’s $50 billion refinery IPO could create Africa’s most valuable company as a pan-African listing targets up to 2 million investors.

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Shell logo on a fuel nozzle at a retail station.
BusinessHot News

Shell in $1 billion talks to sell South African fuel outlets to UAE’s ADNOC

Shell is in talks to sell about 600 South African fuel outlets to UAE's ADNOC in a $1 billion deal, ending a century-long presence.

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BusinessHot News

Nigeria-Morocco $25 billion gas pipeline nears deal as 13 nations join

Africa’s 6,900-km Nigeria-Morocco gas pipeline nears agreement, boosting supply, power growth and exports to Europe.

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Sim Tshabalala, CEO of Standard Bank Group.
BusinessExclusiveHot News

South African executive Sim Tshabalala earned $6.4 million from Standard Bank in 2025

Standard Bank CEO Sim Tshabalala earned $6.4 million in 2025 as profit rose to $3.43 billion and dividends increased.

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