Omokolade Ajayi

776 Articles
South African retail giant The Foschini Group
Hot NewsBusiness

South African retail leader TFG sinks to 16-year low, wiping out $606 million

South African retail giant TFG plunged to a 16-year low, losing over $606 million in market value as weak demand squeezes margins.

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Kenyan tycoon Ronald Karauri
BusinessHot News

Kenyan tycoon Ronald Karauri’s grip on SportPesa weakens after UAE investors gain control

A massive ownership shift at SportPesa leaves co-founder Ronald Karauri with just 3 percent as UAE investment vehicles take full control.

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South African banker Mary Vilakazi
Hot NewsBusiness

South African banker Mary Vilakazi leads FirstRand back as Africa’s most valuable lender with $32.4 billion market cap

Mary Vilakazi steers FirstRand back to Africa’s top banking spot as its market cap reaches $32.4 billion, surpassing Capitec and Standard Bank.

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UBA sweeps top honours at 2026 Euromoney Awards
Hot NewsBusiness

UBA sweeps top honors at 2026 Euromoney Awards, named Nigeria’s Best ESG, Retail Bank

UBA swept major honors at the 2026 Euromoney Awards for Excellence, securing Best Bank for Retail and Best Bank for ESG in Nigeria.

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World's richest person Elon Musk.
Hot NewsBillionairesBusiness

Elon Musk loses $601 billion as SpaceX shares crash 50 percent from post-IPO peak

Elon Musk's fortune drops $601 billion as SpaceX shares crash 50 percent from their peak, triggering $15.5 billion in short-seller gains.

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Heirs Holdings
BusinessHot News

Heirs Holdings’ portfolio companies earn international recognition across industries

Heirs Holdings companies Transcorp, AEDC, and Redtech rank among Africa's top performers as Tony Elumelu's Africapitalism model scales.

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Aliko Dangote, Africa's richest man and Dangote group President
BillionairesBusinessHot News

World’s richest Black person Aliko Dangote eyes $100 billion empire on oil, fertilizer

Aliko Dangote is targeting a $100 billion business empire by 2030 through major investments in refining, fertilizer and cement.

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Nigerian billionaire Abdul Samad Rabiu.
BusinessBillionairesHot News

Nigerian billionaire Abdul Samad Rabiu’s BUA Cement posts $238 million half-year profit

Abdul Samad Rabiu's BUA Cement reports a N324.88 billion ($238 million) half-year profit, driven by strong sales and lower finance costs in 2026.

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Marriott International, the world’s largest hotel chain.
LuxuryBusinessHot News

Marriott to add nine Egypt hotels with more than 1,800 rooms under new deal

Marriott, the world’s largest hotel chain, will develop nine hotels with more than 1,800 rooms across Egypt, backing the country's tourism expansion and investment drive.

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Dr. Awele Vivien Elumelu.
Hot NewsBusiness

Dr. Awele Elumelu leads Transcorp Hotels to N10.5 billion first-half profit

Transcorp Hotels reports N10.5 billion first-half profit under Dr. Awele Elumelu, driven by disciplined cost control and efficiency.

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Africa’s first Black billionaire Patrice Motsepe.
BillionairesBusinessHot News

South African billionaire Patrice Motsepe sees net worth dip under $3.5 billion after bold $1 billion mining gamble

Patrice Motsepe's net worth slipped below $3.5 billion after African Rainbow Minerals approved nearly $1 billion in mining investments.

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Airtel Africa Plc
TechnologyBusinessHot News

Airtel Africa profit climbs to $198 million as revenue tops $1.85 billion in first quarter

Airtel Africa posts $198 million profit as quarterly revenue rises above $1.85 billion on strong data and mobile money growth.

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