Tag: Featured

Nigerian billionaire Abdul Samad Rabiu
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Nigerian billionaire Abdul Samad Rabiu gains N2.7 trillion this week from BUA Cement shares

Nigerian billionaire Abdul Samad Rabiu gains N2.7 trillion ($1.95 billion) in a week as BUA Cement shares rally on strong earnings.

Omokolade Ajayi Omokolade Ajayi
African tech unicorns
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10 most valuable companies on Johannesburg Stock Exchange

JSE’s top firms anchor $250 billion in value, driving growth, resilience, and global investor access to Africa’s largest market.

Feyisayo Ajayi Feyisayo Ajayi
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Seplat Energy’s Q1 2026 profit rises to $37.9 million on higher oil prices

Seplat Energy profit rises to $37.9 million in first quarter 2026 as higher oil prices and stronger output lift revenue to $840.7 million.

Omokolade Ajayi Omokolade Ajayi
Aiyesimoju portfolio growth
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UAC of Nigeria posts $10 million Q1 profit as CHI boosts revenue under Fola Aiyesimoju

UAC of Nigeria posts $10m profit, revenue triples as C.H.I. acquisition drives strong Q1 2026 consumer goods growth.

Feyisayo Ajayi Feyisayo Ajayi
Hot NewsBillionairesBusiness

South African billionaire Koos Bekker hit by $500 million loss in share slide

The drop follows a steady slide in the shares of Naspers and its Amsterdam-listed unit Prosus, two companies central to his fortune.

Omokolade Ajayi Omokolade Ajayi
GTCO logo represented as a modular corporate structure highlighting its diversified financial services group.
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GTCO’s Q1 profit slips to $158 million as valuation losses, higher taxes weigh on earnings

GTCO reports first-quarter profit of $158.6 million as valuation losses and higher taxes weigh on earnings despite revenue growth.

Omokolade Ajayi Omokolade Ajayi
Aliko Dangote, Africa’s richest man and founder of Dangote Group.
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Nigerian billionaire Aliko Dangote’s Dangote Cement posts $233 million profit in Q1 2026

Dangote Cement posts $233 million profit in Q1 2026, driven by stronger sales, higher volumes and cost control.

Omokolade Ajayi Omokolade Ajayi
Africa supply chain finance facility
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World Bank Group, Standard Chartered launch $300M Africa trade finance facility

Standard Chartered launch a $300 million facility to boost supply chain finance and ease SME liquidity constraints across Africa.

Feyisayo Ajayi Feyisayo 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
Botswana Stock Exchange overview
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Botswana’s top 5 listed companies above $500 million by market value

Botswana Stock Exchange tops $70 billion as five giants in mining, banking, and trade drive liquidity, growth, and regional investor appeal.

Feyisayo Ajayi Feyisayo Ajayi
Johannesburg-born banking executive, Kenny Fihla, the Group CEO of Absa Group.
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Johannesburg-born banker Kenny Fihla takes $7.6 million pay from Absa in 2025

Absa Group paid Kenny Fihla a $7.62 million package in 2025, driven by buyout awards and incentives following his move from Standard Bank.

Omokolade Ajayi Omokolade Ajayi
KoBold Metals’ Quebec exploration site, part of its North American push into lithium and nickel critical minerals for global energy transition supply chains.
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Bill Gates-backed firm breaks ground on $2.5bn Zambia copper mine after $50m Congo lithium bet

KoBold Metals starts Zambia’s $2.5 billion Mingomba copper mine after expanding into Congo lithium with a $50 million investment.

Omokolade Ajayi Omokolade Ajayi