Omokolade Ajayi

373 Articles
Capitec Bank
BusinessHot News

Capitec’s market cap tops $30 billion, regains title as Africa’s most valuable bank

Capitec Bank’s market cap climbs above $30 billion, reclaiming its position as Africa’s most valuable lender after share price gains in Johannesburg.

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Nigerian banker Segun Agbaje, CEO of GTCO.
BusinessHot News

Nigerian banker Segun Agbaje to pocket N490 million from GTCO

Segun Agbaje to receive N490 million from GTCO dividends as the bank maintains payouts despite lower 2025 profit and earnings pressure.

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Nigerian billionaire businessman Tony Elumelu.
BillionairesBusinessHot News

Nigerian billionaire Tony Elumelu’s Seplat stake tops $800 million as shares climb

Nigerian billionaire Tony Elumelu’s Seplat stake surpasses $800 million as oil rally and earnings lift shares.

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Unifreight Africa trailer, part of the company’s logistics operations.
BusinessHot News

Zimbabwe’s Unifreight Africa plans capacity expansion amid tobacco surge

Unifreight Africa plans 2026 expansion to 100 million kilograms capacity as Zimbabwe tobacco output and logistics demand increase.

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Kenya Airways airline operations during 2025 financial results period.
BusinessHot News

After $132 million loss, Kenya Airways’ bailout hopes fade under tighter rules

Kenya Airways’ recovery faces pressure after a $132.3 million loss, rising debt and stricter global rules limiting state support.

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Founders of Refiant AI, including Viroshan Naicker, Siddharth Gutta, and Mathew Haswell, leading the South African AI startup focused on efficiency.
Hot NewsTechnology

South African AI startup Refiant raises $5 million to cut AI energy and data costs

South African AI startup Refiant raises 5 million seed funding to cut AI energy use and data costs through model compression technology.

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Optasia’s AI-powered fintech solutions support credit access and digital financial services across Africa and emerging markets.
BusinessHot NewsTechnology

JSE-listed Optasia raises over $300 million in refinancing to boost Africa’s fintech growth

Optasia raises over $300 million in refinancing backed by Standard Bank to scale fintech services across Africa and emerging markets.

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Outgoing Chief Executive Officer John Lamola
BusinessHot News

After reports reveal quiet $58 million bailout, SAA CEO John Lamola resigns

During John Lamola's tenure, the airline said it focused on restoring core operations and rebuilding its network.

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Adewale Tinubu, chief executive officer of Oando Plc, plans a $750 million drilling campaign following the company's Angola oil block win.
BusinessHot News

After Angola oil win, Nigerian energy mogul Adewale Tinubu plans $750 million drilling campaign

After Angola oil win, Oando plans $750 million drilling campaign targeting 300 percent output growth across West Africa.

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Mary Vilakazi, First female Chief Executive Officer of FirstRand, South Africa’s $30 billion banking group.
BusinessExclusiveHot News

Mary Vilakazi: First female CEO of South Africa’s $30 billion lender, FirstRand

Mary Vilakazi oversees FirstRand, positioning the group at the center of Africa’s expanding financial services industry.

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Nigerian billionaire Abdul Samad Rabiu
BusinessHot News

Nigerian billionaire Abdul Samad Rabiu to pocket N806 billion from BUA Foods, Cement

Abdul Samad Rabiu to collect N806 billion from dividends of BUA Foods and BUA Cement following record profits and growth in 2025.

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BusinessExclusiveHot News

$3.3 billion gold offtake deal links Singapore’s Trafigura with Ghanaian mine

Trafigura signs $3.3 billion gold deal to buy 700,000 ounces from Ghana’s Bogoso–Prestea mine.

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