Omokolade Ajayi

997 Articles
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Africa could add $17 billion, 3.3 million jobs by doubling seafood production

Doubling Africa’s seafood production could add $17 billion to GDP and create 3.3 million jobs, boosting the continent’s food sector.

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South Africa cuts Eskom tariffs to revive chrome jobs, boost $4.77 billion exports

South Africa cuts Eskom tariffs for ferrochrome, aiming to restore smelters, create 11,400 jobs, and boost $4.77 billion in exports.

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Nigerian billionaire Abdul Samad Rabiu
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Nigerian billionaire Abdul Samad Rabiu’s BUA Cement profit nearly quintuples to $260 million

Nigerian billionaire Abdul Samad Rabiu's posts $260 million profit, up 379%, driven by strong sales and lower foreign exchange losses.

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Over 400 Nestlé employees in South Africa face layoffs

Nestlé starts layoffs in South Africa, part of a global restructuring affecting 16,000 jobs to boost performance and efficiency.

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African Rainbow Minerals profit
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South African billionaire Patrice Motsepe returns to Forbes top 1,000 richest

South African billionaire Patrice Motsepe returns to Forbes 1,000 richest after $300 million mining surge and fintech growth.

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After Herbalife deal, Ronaldo buys into Saudi-backed Spanish club

Cristiano Ronaldo buys 25% of Saudi-backed UD Almería after taking a 10 percent Herbalife stake, expanding his global investments.

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Zimbabwe lithium export ban lifts prices and producer shares

Zimbabwe’s decision to halt exports of lithium concentrate has shaken global markets, sending both commodity prices and producer shares higher. On the Guangzhou Futures Exchange, lithium carbonate jumped 5.4 percent to 177,000 yuan ($25,856) a ton by late morning, reflecting concerns over tightening supplies of the battery-critical mineral. Investors reacted swiftly, with shares of lithium companies across China, Australia, and…

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Nigerian billionaire businessman Tony Elumelu.
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Tony Elumelu’s Transcorp hits N1 trillion in assets; dividend doubles

Tony Elumelu’s Transcorp tops N1 trillion in assets as revenue and profit surge across power and hospitality businesses.

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Aliko Dangote, Africa’s richest man
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Africa’s richest man Aliko Dangote adds $3 billion to net worth year-to-date

Aliko Dangote adds $3 billion to his net worth as Dangote Cement shares surge and refinery scales up production.

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Glencore seals $115 million cobalt deal as U.S. eyes supply shift from China

Glencore secures $115 million cobalt purchase for U.S. stockpile as policy shifts reduce reliance on China and tighten global supply.

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South Africa’s Octodec to sell Killarney Mall for $25 million

Octodec agrees to sell Killarney Mall in Johannesburg for $25 million, reshaping its property portfolio and freeing capital.

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WeBuyCars holds off on new vehicle sales despite market growth

WeBuyCars focuses on used vehicles despite South Africa’s new car sales surge, prioritizing systems and customer experience.

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