Feyisayo Ajayi
Financial writer and Stock market analyst @news0tg, Digital Evangelist, and Graphic Artist @travelshoreNG. https://t.co/mrbkztDLE7
Articles
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1 week ago |
billionaires.africa | Feyisayo Ajayi |Omokolade Ajayi
Key PointsJP Morgan raised its stake in Bidcorp to 10.86%, acquiring shares worth $288.7 million, signaling confidence in the food service group's growth. The latest purchase brings JP Morgan's total Bidcorp holding to $893.85 million, following an earlier stake worth $605.15 million. This move complements JP Morgan’s broader South African strategy, recently increasing its stake in Bidvest, reinforcing confidence in local companies with strong leadership.
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1 week ago |
billionaires.africa | Omokolade Ajayi |Feyisayo Ajayi
Key PointsHerbert Wigwe and Aigboje Aig-Imoukhuede jointly own a $64.5 million stake in Access Holdings Plc through four corporate entities. The two banking leaders' shares, totaling 4.82 billion, are valued at N103.6 billion ($64.5 million) and promise N9.9 billion ($6.2 million) in dividends. A Lagos court dismissed a petition to change estate administrators, reaffirming the legitimacy of the current management structure.
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1 week ago |
billionaires.africa | Feyisayo Ajayi |Omokolade Ajayi
Key PointsClicks Group to invest $54.5 million by end-2025 to expand store network, boost tech infrastructure, and enhance its distribution capabilities. Loyalty-driven sales growth pushes revenue to R23.2 billion, with ClubCard purchases accounting for 81.6% of retail sales in H1 2025. CEO Bertina Engelbrecht leads expansion push as Clicks opens up to 55 new outlets and repurchases $19.7 million in shares to reward investors.
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1 week ago |
billionaires.africa | Omokolade Ajayi |Feyisayo Ajayi |Timilehin Adejumobi
Key PointsStrive Masiyiwa’s fortune has plunged by $600 million in 2024, driven by Zimbabwe’s currency overhaul and market instability. Despite losses, Masiyiwa is investing $720 million in Africa’s first AI factory, backed by NVIDIA’s cutting-edge technology. The AI facility, starting in South Africa by June 2025, will offer AI computing power across five African countries via Cassava’s fiber network.
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1 week ago |
billionaires.africa | Feyisayo Ajayi |Timilehin Adejumobi |Omokolade Ajayi
Key PointsPSG Group's profit rose 23.47% to $73.2 million in 2025, driven by increased insurance revenue and client investments. Total income grew 13.24%, reaching $354.97 million attributed to improved customer activity and market-linked revenue streams. As part of its strategy to optimize value, PSG repurchased and cancelled 19.1 million shares at a cost of $17.54 million during the year.
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I think Virginia's governor wants to back out of the CATL battery plant bid https://t.co/iQPQXsl9eO
The central bank's measures also aim to eliminate unhealthy competition for deposits among financial institutions and moderate soaring interest rates in Sri Lanka's economy. #newsotg #news0tg #Srilankabank
Sri Lanka's central bank caps commercial lenders' access to the emergency liquidity window to 5 times per month in a bid to force participation in domestic money markets. #newsotg #news0tg #Srilankabank