Omokolade Ajayi

984 Articles
UBA CEO Oliver Alawuba
BusinessHot News

UBA CEO Oliver Alawuba says economic indicators point to Nigeria’s stabilisation journey

UBA CEO Oliver Alawuba says Nigeria’s improving economic indicators show stabilisation, but sustained reforms are needed to deliver jobs and investment.

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Ethiopia’s richest man, Mohammed Al Amoudi.
BusinessHot News

Ethiopia’s $10 billion man orders MIDROC to hire 40,000 local workers

Mohammed Al-Amoudi orders MIDROC to expand its workforce to 120,000, potentially creating 40,000 jobs in Ethiopia.

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South African developer Japie van Niekerk
BusinessHot News

South African developer Japie van Niekerk buys Kalahari Mall in Northern Cape deal

South African developer Japie van Niekerk has acquired Kalahari Mall in Upington, adding the regional retail centre to New Africa Developments’ portfolio.

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Botswana tycoon Ramachandran Ottapathu
BusinessHot News

Ramachandran Ottapathu cleared to buy Engen Botswana in rare anti-monopoly power shift

Ramachandran Ottapathu gets approval to buy 70% of Engen Botswana, with 67 fuel stations to be sold under competition conditions.

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Namibia’s Capricorn Group
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Namibia’s Capricorn Group logs $115M profit, holds payout despite dip

Capricorn Group reported $115.2 million profit for 2026 as higher funding costs and weaker regional conditions pressured earnings.

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South Africa’s Momentum Group
BusinessHot News

South Africa’s Momentum Group hits $435 million earnings, raises dividend 31%

Momentum Group reported $435 million in normalized headline earnings for 2026, beating its long-term target a year early and raising its dividend by 31 percent.

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Airtel Africa Plc
TechnologyBusinessHot News

Airtel Money slashes London IPO target to $800M as investors balk at valuation

Airtel Africa has cut its London listing target for Airtel Money to $800 million, down sharply from an earlier goal of raising up to $2 billion.

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South African executive Mpumi Madisa
BusinessHot News

South African CEO Mpumi Madisa grew her Bidvest stake to $4.25 million

Mpumi Madisa’s direct holding in Bidvest climbed to $4.25 million as performance-linked share awards vested, lifting her stake to 300,759 shares.

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Angola’s Cabinda refinery begins fuel shipments.
BusinessHot News

Global gas crunch puts Nigerian and Angolan LNG in high demand

Middle East LNG disruptions remove 36 million tonnes of supply, creating opportunities for African producers as global buyers seek alternatives.

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Glencore
BusinessHot News

Glencore faces $2 billion lawsuit after cutting ties with iron ore partner

Glencore faces a $2 billion lawsuit in Singapore after accusing iron ore partner Radiant World of falsifying invoices and contracts.

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Nigerian billionaire Adebayo Ogunlesi.
TechnologyBillionairesHot News

With Nigerian billionaire Adebayo Ogunlesi on board, OpenAI eyes $1.2T valuation

OpenAI is in early funding talks at a valuation above $1.2 trillion, putting Nigerian billionaire Adebayo Ogunlesi’s board role in focus.

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South African banker Mary Vilakazi
BusinessHot News

How share awards lifted FirstRand chief Mary Vilakazi to a $5 million stake

Executive share awards boosted FirstRand CEO Mary Vilakazi’s holding to $5.04 million in 2026, marking a 60.1 percent surge in her beneficial equity.

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