Omokolade Ajayi

373 Articles
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Nigeria’s Moniepoint expands into Kenya, targets SME banking growth

Moniepoint acquires 78% of Sumac Microfinance Bank, expanding SME banking and operations in Kenya under Tosin Eniolorunda.

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John Kibunga Kimani, Kenyan businessman and Kakuzi shareholder, poised to receive Ksh105.1 million dividend.
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Kenyan businessman John Kimani to receive Ksh105.1 million dividend from Kakuzi

Kenyan businessman John Kibunga Kimani to receive Ksh105.1 million dividend from Kakuzi as profits rebound in 2025.

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BusinessHot News

Nigeria’s FCMB limits exposure in fraud attempt

FCMB blocks N2.4 billion ($1.73 million) in fraud attempt, limiting exposure as Nigeria strengthens digital banking security.

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Anna Mokgokong, South African businesswoman and executive chairperson of CIH, leading across healthcare, ICT, and mining.
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Anna Mokgokong: South African businesswoman behind billion-dollar investment group, CIH

From selling sandwiches to leading a $1.1 billion group, Anna Mokgokong rose to shape South Africa’s healthcare, mining, and ICT sectors.

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BusinessHot News

South African billionaire Christo Wiese to receive $11.3 million dividend from Shoprite

South African billionaire Christo Wiese to receive $11.3 million interim dividend from Shoprite for his 10.67% stake.

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BusinessHot News

Algeria, Spain in advanced talks to expand natural gas delivery

Spain and Algeria discuss boosting natural gas supply by 10 percent through the Medgaz pipeline.

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Folorunso Alakija, Nigeria’s richest woman and philanthropist.
BusinessHot News

Nigeria’s richest woman, Folorunso Alakija, unveils $1 million grant for women

Nigeria’s richest woman, Folorunso Alakija, launches $1 million grant to support women entrepreneurs with training and funding.

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Sam Ngumeni, incoming CEO of Woolworths Holdings, awarded $3 million in shares
BusinessHot News

Woolworths awards $3 million shares to incoming CEO Sam Ngumeni

Woolworths grants incoming CEO Sam Ngumeni $3 million in shares with five-year performance targets tied to growth and share price.

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Air Algerie fleet expansion with new aircraft.
BusinessHot News

Just as Uganda Airlines gets $113 million, Air Algerie orders 10 Boeing 737 MAX 8

Uganda Airlines secures $113 million funding as Air Algerie orders 10 Boeing 737 MAX 8, signaling African aviation expansion.

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Aliko Dangote, Africa’s richest man and founder of Dangote Group.
BusinessHot News

As petrol rises 84% in Nigeria, Dangote refinery sends fuel to Ghana, 4 others

As petrol rises 84% in Nigeria, Dangote refinery boosts regional exports, shipping 456,000 tonnes of refined fuel to five African nations.

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I&M Group headquarters at 1 Park Avenue, Nairobi, Kenya.
BusinessHot News

Kenya’s I&M Group posts $145 million profit in 2025; total assets hit $5.3 billion

Nairobi-based lender I&M Group posts a $145 million profit in 2025 as total assets reach $5.3 billion.

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Workers sorting avocados at Kakuzi Plc processing facility in Kenya
BusinessHot News

Kenya’s Kakuzi returns to profit, doubles dividend on $26.6 million avocado sales

Kakuzi Plc, the Nairobi-based agricultural firm partly owned by Kenyan businessman John Kibunga Kimani, returned to profit in 2025 after a loss a year earlier, supported by stronger avocado sales, lower costs, and stable income from forestry, livestock, and blueberries. The recovery led the company to double its dividend, signaling renewed operational confidence. Dividend doubles after profit recovery The leading…

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