Omokolade Ajayi

603 Articles
Ghana’s Sentuo oil refinery.
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Ecobank leads $200 million push to double Ghana’s Sentuo Oil Refinery capacity

Ecobank leads a $200 million syndicated facility to expand the $1.98 billion Sentuo refinery, cutting Ghana's dependency on foreign oil.

Omokolade Ajayi Omokolade Ajayi
South African executive Dawie de Villiers.
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South African executive Dawie de Villiers steers Alexforbes to $44 billion in assets

Alexforbes assets hit $44.4 billion under Dawie de Villiers as 2026 normalized profit jumps 22 percent amid retail and platform growth.

Omokolade Ajayi Omokolade Ajayi
NERC headquarters building in Abuja’s Central Business District, Nigeria’s capital administrative district.
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Nigeria’s power sector bleeds $230 million over unpaid energy bills in Q1 2026

Nigeria’s power distributors lost $230 million in Q1 2026 as unbilled electricity, unpaid customer debts, and power theft deepened sector losses.

Omokolade Ajayi Omokolade Ajayi
Ultra-modern hospital in Kenya showcasing advanced medical facilities and contemporary architecture.
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Kenya’s cancer care drive gets boost with $4.7 million specialist hospital in Nairobi

RVL Healthcare to build a $4.7 million specialist cancer hospital in Nairobi to expand advanced oncology care in Kenya.

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Nigerian mogul Samuel Bolarinde.
ExclusiveBusinessHot News

Nigerian mogul Samuel Bolarinde’s Vitafoam stake nears $25 million

Samuel Bolarinde's Vitafoam stake nears $25 million as a major NGX rally drives the foam maker's market cap to $232 million.

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Johannesburg-based investor Genevieve Sangudi.
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Johannesburg-based investor Genevieve Sangudi, partners lead Alterra to 10 exits in 30 months

Genevieve Sangudi and partners at Alterra have led 10 portfolio exits in just over 30 months, including the sale of TiAuto to Marubeni.

Omokolade Ajayi Omokolade Ajayi
MTN Group logo, representing the pan-African telecom operator.
TechnologyBusinessHot News

MTN targets Nigeria’s $236 billion credit gap with direct lending push

MTN Group plans to launch direct lending in Nigeria to target a $236 billion funding gap and disrupt African banking.

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Aliko Dangote, Africa’s richest man and founder of Dangote Group.
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Aliko Dangote’s plant boosts Nigeria’s fertilizer exports past $1 billion in Q1 2026

Nigeria's fertilizer exports topped $1 billion in Q1 2026, driven by Aliko Dangote's plant as urea outpaced major petroleum products.

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Mama Ngina Kenyatta
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Brookside Dairy, owned by Kenya’s Kenyatta family, pays farmers $2 million

Brookside Dairy pays farmers KSh255 million ($2 million) under an incentive program tied to milk quality and output improvement.

Omokolade Ajayi Omokolade Ajayi
South African packaged foods giant Tiger Brands Limited.
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Tiger Brands boosts solar rollout across seven plants as energy costs rise

Tiger Brands expands solar power across seven factories in South Africa to cut costs, reduce grid dependence, and boost renewable energy use toward 2030 targets.

Omokolade Ajayi Omokolade Ajayi
Nigerian banker Segun Agbaje, CEO of GTCO.
BusinessHot News

Nigerian banker Segun Agbaje’s GTCO and PepsiCo holdings climb to $6.1 million

Segun Agbaje’s holdings in GTCO and PepsiCo climb above $6.1 million, driven by gains in banking and global consumer stocks.

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Jim Ovia, founder of Zenith Bank.
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Nigerian banker Jim Ovia says real estate beats banking, doubles down on luxury Lagos towers

Jim Ovia pivots from banking to luxury Lagos real estate, investing in high-end towers priced up to $2.8 million for wealthy buyers and diaspora investors.

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