Tag: Business

Amadou Diallo, Senegalese executive and CEO of Aramex.
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Senegalese executive Amadou Diallo named CEO of logistics giant Aramex

Amadou Diallo takes over as Aramex CEO as the $1.73 billion logistics group seeks steadier earnings and growth.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Abdul Samad Rabiu
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Nigerian billionaire Abdul Samad Rabiu’s BUA Foods posts $103 million Q1 profit

BUA Foods posts $103 million Q1 profit as Abdul Samad Rabiu’s group cuts costs, offsets weaker sales, and strengthens margins.

Omokolade Ajayi Omokolade Ajayi
Zenith Bank, Nigeria’s most profitable lender.
BusinessHot News

Zenith Bank completes Kenya’s Paramount Bank takeover, grows African footprint

Zenith Bank completes Paramount Bank acquisition in Kenya, expanding cross-border operations and boosting Africa-Europe trade services.

Omokolade Ajayi Omokolade Ajayi
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.

Omokolade Ajayi Omokolade Ajayi
Folorunso Alakija, Nigeria’s richest woman and philanthropist.
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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.

Omokolade Ajayi Omokolade Ajayi
Hitesh Anadkat, Malawian billionaire and co-founder of FMB Capital Holdings.
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Malawian billionaire Hitesh Anadkat loses $297 million following record $1.69 billion gain

Malawian billionaire Hitesh Anadkat sees $297 million drop in FMB Capital stake after $1.69 billion gain in 2025.

Omokolade Ajayi Omokolade Ajayi
Kenya Airways’ financial strain deepens after $65 million interest default.
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Kenya Airways posts $132 million 2025 loss as aircraft shortages hit Africa routes

Kenya Airways posts $132 million 2025 loss as aircraft shortages cut capacity, revenue and key Africa routes.

Omokolade Ajayi Omokolade Ajayi
Adaora Umeoji, CEO of Zenith Bank, leading Nigeria’s most valuable bank.
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Zenith Bank hits $3.3 billion market cap under Adaora Umeoji as Nigeria’s most valuable bank

Zenith Bank reaches $3.3 billion market cap under Adaora Umeoji, becoming Nigeria’s most valuable bank with global expansion plans.

Omokolade Ajayi Omokolade Ajayi
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South Africa’s Exxaro reports $461 million earnings in 2025 as coal drives growth

Exxaro Resources Limited reports $461 million earnings in 2025 as coal output, exports and disciplined costs support growth.

Omokolade Ajayi Omokolade Ajayi
SPAR moves to rebuild revenue
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South Africa’s SPAR moves to cut jobs amid weak sales and rising costs

SPAR Group introduces retrenchments and cost-saving measures to strengthen operations amid weak trading conditions.

Omokolade Ajayi Omokolade Ajayi
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Africa’s largest insurer, Sanlam, bets on India to drive future growth

Sanlam, Africa's largest insurer, bets on India as a major growth engine, aiming to surpass South Africa in future earnings.

Omokolade Ajayi Omokolade Ajayi
Hot NewsBusiness

Nigerian Breweries partners to launch food-grade rPET facility in Ogun State

Nigerian Breweries joins partners to launch food-grade rPET facility in Ogun State, advancing recycling and sustainability in Nigeria.

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