Omokolade Ajayi

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Alex Karp, the chief executive officer of Palantir Technologies
BillionairesEntrepreneursHot News

Richest Black US billionaire Alex Karp buys 37,000-acre Swedish forest

Palantir CEO Alex Karp buys 37,000 acres of Swedish forest for about $22 million as his fortune surpasses $20 billion.

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IBL Group headquarters at Caudan Waterfront in Port Louis, Mauritius, home to the Mauritian conglomerate.
CompaniesBusinessHot News

Mauritian giant IBL Group hits $2.6 billion in revenue on strong retail boom

IBL Group increased full-year revenue 13.2 percent to $2.6 billion as retail, consumer brands, hospitality and services drove growth.

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Zimbabwean Farm
BusinessHot News

Zimbabwe says land seizure compensation reaches $508 million

Zimbabwe says compensation to White farmers whose land was seized has reached $508 million, as it seeks to resolve the land reform dispute.

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Koné project in Côte d’Ivoire
MiningBusinessCompaniesHot News

Canadian-listed Montage Gold pours first gold at Côte d’Ivoire’s Koné mine

Montage Gold pours first gold at its Koné mine in Côte d’Ivoire, starting production ahead of its 2027 target.

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Ugandan billionaire Sudhir Ruparelia
BusinessHot NewsInvestments

Ugandan billionaire Sudhir Ruparelia buys prime Old Mutual Kampala asset

Sudhir Ruparelia acquires Old Mutual’s UAP Insurance Building on Kimathi Avenue, expanding his Kampala property portfolio.

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Volobe Dam Expands Power Access
EnergyBusinessHot News

AXIAN Energy-backed Malagasy hydro project to power 2 million, create 1,500 jobs

AXIAN Energy has sealed an agreement for Madagascar’s 120 MW Volobe hydro project, a move set to power 2 million people and add 1,500 local jobs.

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Ugandan tycoon Ponsiano Ngabirano
BusinessCompaniesHospitalityHot News

Ugandan tycoon Ponsiano Ngabirano’s Marriott Hotel valued at $166M after pension deal

Ponsiano Ngabirano’s Kampala Marriott Hotel is valued at $166 million after Uganda’s NSSF invested $50 million for a 30% stake.

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Gauteng-based private equity leader Tomi Amosun
InvestmentsBusinessCompaniesHot News

Tomi Amosun-led Summit Africa backs South African agtech firm targeting $30.2B industry

Summit Africa acquires a 40% stake in Virtual Farmer, backing farm financing across Southern Africa’s $30.2 billion agricultural sector.

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

Nigeria’s Dangote Group amasses world’s largest fleet of 7,000 heavy machines

Dangote Group now commands the world’s largest fleet of nearly 7,000 heavy machines, driving massive refining projects across Africa.

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South African executive Rui Morais
CompaniesExecutivesHot News

Dis-Chem CEO Rui Morais sets sights on growth and wider healthcare access

Dis-Chem CEO Rui Morais is expanding retail and wholesale operations, lifting revenue to $2.64 billion while investing to widen South African healthcare access.

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Nigerian tycoon Kola Karim
BillionairesBusinessHot News

Fresh off $500 million oil backing, Kola Karim urges African infrastructure push

Shoreline Group Chairman Kola Karim secures $500 million from Qatar for OML 30 drilling and calls for accelerated investment in African trade corridors.

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Eskom
CompaniesHot News

South Africa marks 500 days without power cuts as Eskom turnaround takes hold

South Africa has crossed a milestone once thought out of reach: 500 consecutive days without rolling blackouts.

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