Tag: Markets

Kenyan banker Gideon Muriuki.
EntrepreneursHot NewsMarkets

Kenyan banker Gideon Muriuki’s stake nears $40 million as Co-op Bank shares surge

Co-op Bank CEO Gideon Muriuki has seen his 2.3 percent stake near $40 million as a 54.9 percent stock rally adds millions to his holdings in 2026.

Omokolade Ajayi Omokolade Ajayi
Africa’s richest person Aliko Dangote
MarketsHot News

Aliko Dangote plans New York listing for $49 billion refinery after 2029 expansion

Aliko Dangote plans a New York Stock Exchange listing for his $49 billion refinery after expanding capacity to 1.4 million barrels a day by 2029.

Omokolade Ajayi Omokolade Ajayi
Kenyan tycoon John Kimani
BusinessHot News

Kenyan tycoon John Kimani buys $1 million Centum shares, lifts stake to 11.5%

Kenyan tycoon John Kimani raised his Centum stake to 11.51 percent after buying 7.19 million shares worth $1.02 million.

Omokolade Ajayi Omokolade Ajayi
United Bank for Africa Plc (UBA)
BusinessHot News

UBA opens subscription channel for Dangote Refinery IPO, invites investors to participate

UBA opens subscription channels for the Dangote Refinery IPO, offering eligible investors access to 4.1 billion shares at ₦525 each.

Omokolade Ajayi Omokolade Ajayi
Ugandan businessman Charles Mbire.
BusinessHot News

Ugandan businessman Charles Mbire’s MTN Uganda stake tops $100 million

Charles Mbire’s MTN Uganda stake tops $100 million as shares gain nearly 40 percent in 2026, boosting the market value of his investment.

Omokolade Ajayi Omokolade Ajayi
United Bank for Africa Plc (UBA)
BusinessHot News

UBA returns $312 million to investors as shares climb ahead of interim results

UBA has added $312 million to investor wealth in two months as its shares climbed 25.47 percent on the Nigerian Exchange ahead of its interim results.

Omokolade Ajayi Omokolade Ajayi
Gold Fields’ mining operation in South Africa.
BusinessHot News

How South Africa’s Gold Fields pulled off a $12.5 billion comeback

Gold Fields staged a $12.5 billion market rebound in six weeks, driven by higher realized gold prices and strong first-half earnings.

Omokolade Ajayi Omokolade Ajayi
Gold Fields’ mining operation in South Africa.
BusinessHot News

Gold Fields overtakes Naspers as Africa’s most valuable company as market cap hits $43.3 billion

Gold Fields overtakes Naspers as Africa’s most valuable company after its market value rises to $43.3 billion on the JSE.

Omokolade Ajayi Omokolade Ajayi
Elon Musk
TechnologyBusinessHot News

Elon Musk’s net worth tops $800 billion again as SpaceX shares jump 15.8%

Elon Musk’s fortune rises above $800 billion as SpaceX shares jump 15.8 percent, lifting its market value to $1.75 trillion.

Omokolade Ajayi Omokolade Ajayi
Nairobi Securities Exchange
BusinessHot News

NSE tops KSh4 trillion for first time as investor wealth jumps $8.2 billion

Nairobi Securities Exchange surpasses KSh4 trillion as investor wealth rises $8.27 billion on strong gains in banks and Safaricom.

Omokolade Ajayi Omokolade Ajayi
Worker operating at Seplat Energy's Oben OML 4
BusinessHot News

Seplat nears $5 billion market cap in London after first-half profit jumps to $164 million

Seplat Energy nears a $5 billion market cap in London as H1 2026 net profit surges 498 percent to $164 million on strong production growth.

Omokolade Ajayi Omokolade Ajayi
Africa’s richest man, Aliko Dangote.
Hot NewsBillionairesBusiness

Nigerian stock selloff wipes $1.2 billion from Aliko Dangote’s net worth

A 10 percent plunge in Dangote Cement shares drove a $2.64 billion market loss, marking the sharpest one-day drop for Nigerian equities in 2026.

Omokolade Ajayi Omokolade Ajayi