Omokolade Ajayi

776 Articles

Naspers, Africa’s most valuable company, hits $44.3 billion market cap

The global consumer internet giant has added $4.76 billion in value since the start of the year, driven by renewed investor confidence and key global developments.

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Tems’ 2025 dominance: 5 milestones Nigeria’s biggest artist has achieved this year

Her dominance isn’t just about streaming numbers—it’s about cultural impact, artistic evolution, and a relentless drive to push boundaries.

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Sijuwade royal family of Ife, one of Africa’s wealthiest, eyes first oil from one of its oil blocks

Today, the Sijuwade Group holds a 10 percent stake in OPL 276, an asset that is poised to begin production within the next 12 to 18 months.

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$100 million skyscraper built by Nigeria’s richest woman

Located at the corner of Alfred Rewane (Kingsway) Road, Centre Point is an eye-catching addition to Lagos' skyline, blending innovation with sophistication.

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Tanzania’s biggest bank, NMB, sees $100 million market value increase in first 25 days of 2025

NMB’s broad footprint in Tanzania, with 231 branches, 715 ATMs, and 7.1 million customers, continues to position it as a top player in the region’s banking sector.

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U.S. blacklist of China’s gaming giant wipes out $3.8 billion from Africa’s most valuable company

This decline reflects a ripple effect from Tencent’s own struggles, with the Chinese tech giant’s shares falling over 6 percent since the start of the year.

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Nigerian superstar musician Tems’ “Wait for U” with Drake, Future nears 1 billion Spotify streams

The song, a collaboration with American rapper Future and Canadian rapper Drake, highlights her distinctive artistry and broad international appeal.

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Paradise under threat: Africa’s safest tourist haven could run out of water by April

If the situation doesn't improve by April, the island could find itself without enough water to sustain its population and vital industries.

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MTN Ghana’s market cap increases by $132 million on GSE in first 20 days of 2025

This boost has cemented MTN Ghana’s place as one of the top companies in both West and Central Africa.

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Equity Group, valued at $1.4 billion, is the leading lender in East, Central Africa

This reflects Equity Group’s effective regional diversification strategy, with nearly 50 percent of earnings now derived from operations outside Kenya.

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Africa’s biggest Island, Madagascar, sees surge in passenger demand, driven by leisure tourism growth

As the country’s tourism sector continues to rebound post-pandemic, there has been a marked surge in tourist arrivals.

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Dangote Cement falls to third place on Nigerian Exchange, losing nearly $1 billion in 48 hours

The reversal not only cost Dangote Cement its top position but relegated it to third place on the NGX, trailing behind Airtel Africa Plc and BUA Foods.

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