Omokolade Ajayi

776 Articles
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Algeria, Spain in advanced talks to expand natural gas delivery

Spain and Algeria discuss boosting natural gas supply by 10 percent through the Medgaz pipeline.

Omokolade Ajayi Omokolade Ajayi
Folorunso Alakija, Nigeria’s richest woman and philanthropist.
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Nigeria’s richest woman, Folorunso Alakija, unveils $1 million grant for women

Nigeria’s richest woman, Folorunso Alakija, launches $1 million grant to support women entrepreneurs with training and funding.

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Sam Ngumeni, incoming CEO of Woolworths Holdings, awarded $3 million in shares
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Woolworths awards $3 million shares to incoming CEO Sam Ngumeni

Woolworths grants incoming CEO Sam Ngumeni $3 million in shares with five-year performance targets tied to growth and share price.

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Air Algerie fleet expansion with new aircraft.
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Just as Uganda Airlines gets $113 million, Air Algerie orders 10 Boeing 737 MAX 8

Uganda Airlines secures $113 million funding as Air Algerie orders 10 Boeing 737 MAX 8, signaling African aviation expansion.

Omokolade Ajayi Omokolade Ajayi
Aliko Dangote, Africa’s richest man and founder of Dangote Group.
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As petrol rises 84% in Nigeria, Dangote refinery sends fuel to Ghana, 4 others

As petrol rises 84% in Nigeria, Dangote refinery boosts regional exports, shipping 456,000 tonnes of refined fuel to five African nations.

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I&M Group headquarters at 1 Park Avenue, Nairobi, Kenya.
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Kenya’s I&M Group posts $145 million profit in 2025; total assets hit $5.3 billion

Nairobi-based lender I&M Group posts a $145 million profit in 2025 as total assets reach $5.3 billion.

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Workers sorting avocados at Kakuzi Plc processing facility in Kenya
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Kenya’s Kakuzi returns to profit, doubles dividend on $26.6 million avocado sales

Kakuzi Plc, the Nairobi-based agricultural firm partly owned by Kenyan businessman John Kibunga Kimani, returned to profit in 2025 after a loss a year earlier, supported by stronger avocado sales, lower costs, and stable income from forestry, livestock, and blueberries. The recovery led the company to double its dividend, signaling renewed operational confidence. Dividend doubles after profit recovery The leading…

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Hot NewsBusiness

Uganda Airlines secures $113 million for fleet expansion as Kenya Airways seeks $2 billion rescue

Uganda Airlines secures $113 million to expand its fleet as Kenya Airways seeks $2 billion from investors to stabilize operations.

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Oge Elumelu, Tony O. Elumelu, CFR, and Dr. Awele Vivien Elumelu.
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Heirs Energies drives African entrepreneurship, invests $10 million in 2,000 startups

Heirs Energies invests $10 million in 2,000 African startups, supporting entrepreneurs with capital, mentorship, and growth opportunities.

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Remgro posts $307 million half-year earnings; Mediclinic and Rainbow boost results

Remgro posts $307 million half-year earnings, boosted by Mediclinic, Rainbow Chicken, and strong portfolio performance.

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Hitesh Anadkat, Malawian billionaire and co-founder of FMB Capital Holdings.
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Malawian billionaire Hitesh Anadkat loses $297 million following record $1.69 billion gain

Malawian billionaire Hitesh Anadkat sees $297 million drop in FMB Capital stake after $1.69 billion gain in 2025.

Omokolade Ajayi Omokolade Ajayi
Kenya Airways’ financial strain deepens after $65 million interest default.
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Kenya Airways posts $132 million 2025 loss as aircraft shortages hit Africa routes

Kenya Airways posts $132 million 2025 loss as aircraft shortages cut capacity, revenue and key Africa routes.

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