Omokolade Ajayi

373 Articles

South Africa’s richest man, Johann Rupert, gains $1.7 billion on Richemont rebound

Johann Rupert gains $1.7 billion, lifting his net worth to $17.7 billion and strengthening his position as South Africa’s richest man.

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Ghanaian businessman Ibrahim Mahama wins bid to take over Damang gold mine from Gold Fields

Engineers and Planners, led by Ibrahim Mahama, takes control of Damang gold mine from Gold Fields, boosting local mining leadership.

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Algeria’s richest man Issad Rebrab regains $1.1 billion as Cevital stabilizes

Issad Rebrab regains $1.1 billion as Cevital stabilizes after legal disputes, Brandt collapse, and governance challenges.

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NNPC ships first cargo of new crude grade to Netherlands, advancing Nigeria’s oil trade

Nigeria’s NNPC ships 950,000-barrel Cawthorne crude to the Netherlands, expanding exports and strengthening its oil market role.

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Nompumelelo Zikalala: Durban-born mining executive leading $6.4 billion mining giant

Durban-born Nompumelelo Zikalala leads $6.4 billion Kumba Iron Ore, boosting profits and social initiatives.

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Zenith Bank completes Kenya’s Paramount Bank takeover, grows African footprint

Zenith Bank completes Paramount Bank acquisition in Kenya, expanding cross-border operations and boosting Africa-Europe trade services.

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Egypt’s fintech Lucky raises $23 million, eyes North Africa expansion

Egypt fintech Lucky raises $23 million to expand into North Africa, scale consumer credit, and invest in technology and infrastructure.

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South African billionaire Patrice Motsepe gains $200 million as ARM shares jump

South African billionaire Patrice Motsepe gains $200 million as ARM shares rise, boosting his net worth to $3.9 billion ahead of dividend payout.

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FCMB pushes value-chain coordination to boost Nigeria’s food security

FCMB promotes value-chain coordination to expand farmer access to inputs, finance, and markets, enhancing Nigeria’s food security.

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Fuel from Dangote Refinery reaches more African countries amid Middle East supply disruptions

Petrol and fertiliser exports from Lagos-based Dangote Refinery rise as global disruptions push African energy costs higher.

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Gabon could gain first billionaire as Samuel Dossou-Aworet’s oil stakes jump to $907 million

Samuel Dossou-Aworet’s oil stakes surge to $907 million, putting Gabon on the verge of gaining its first dollar billionaire as energy stocks rally.

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Meet Soweto-born Phuthi Mahanyele-Dabengwa, first black chief executive of $40 billion South African giant, Naspers

Phuthi Mahanyele-Dabengwa, from Soweto, rises to lead $40 billion Naspers, marking a milestone in African corporate leadership.

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