The Chicago-based owner of the Los Angeles Times is expected to announce it is selling the newspaper, according to people […]
Konga acquisition: It seems Kinnevik and Naspers lost a combined 184% return on investment
Swedish investment company, Kinnevik and South African media group, Naspers have been longtime public investors in Konga, which was recently […]
Bitcoin Breaks Below $6,000
The rout in cryptocurrencies intensified, sending Bitcoin to its lowest level since October, as worries over tighter regulation by U.S. […]
Naspers asks Investec to pull ‘damaging’ analyst report
Naspers is asking Investec to withdraw an analyst report that it says contains errors and has damaged Africa’s biggest company […]
Zinox Group acquires Konga
The Zinox Group has reportedly acquired Konga but the financial aspects of the deal are still not in the public […]
Investec’s Koseff, Kantor Step Down After 40 Years at Helm
Investec Plc Chief Executive Officer Stephen Koseff and Managing Director Bernard Kantor will step down in October after 40 years […]
Attention Walmart Vendors: Your Shipping Costs Are About to Spike
Walmart executives will ask vendors to deliver more merchandise on time or face fines, in an effort to keep their […]
Fed puts brakes on Wells Fargo when bank needs to step on gas
The Federal Reserve’s surprise ban on Wells Fargo & Co growing its balance sheet comes at a difficult juncture for […]
Samsung’s Jay Y. Lee Freed in Surprise Korean Court Verdict
A South Korean high court unexpectedly let Samsung Electronics Co. Vice Chairman Jay Y. Lee walk free after suspending his […]
Steinhoff Refers Ex-CEO to Police on Suspicion of Corruption
Steinhoff International Holdings NV reported former Chief Executive Officer Markus Jooste to South Africa’s anti-graft police, pinning the blame for […]
Japan’s Fujifilm to take over Xerox in $6.1 billion deal, create JV
Japan’s Fujifilm Holdings is set to take over Xerox Corp in a $6.1 billion deal, combining the U.S. company into […]
EBay to Ditch PayPal for Dutch Processor Adyen
EBay Inc. will shift its payments business from long-time partner PayPal Holdings Inc. to Adyen BV, a global payments […]
Facebook Is Banning All Ads Promoting Cryptocurrencies
Facebook Inc. is banning ads on its social network that promote cryptocurrencies, initial coin offerings and binary options, saying they’re “frequently […]
Nigerian Stocks Among World’s Best-Performers
Nigeria’s stocks have been rated among the world’s best-performers in the past four months. Bloomberg reported on Monday that the […]
It Will Take Over Two Centuries To close The Gender Pay Gap
Oxfam International published a report on inequality on Monday, as the world’s richest and most influential plan to meet tomorrow […]
China Denies Allegations of Spying into African Union’s Headquarters For Five Years
The African Union, a coalition of 55 countries established in Addis Ababa, Ethiopia, has reportedly been a victim of state-sponsored […]
Access Bank Approves Paternity Leave For Male Employees
On Thursday, 18th of January 2017, almost every news platform was buzzing with the news of Nigeria’s Access Bank Plc’s […]
London’s Bankers Miserable Amidst Brexit Speculation
-Nine out of 10 firms see Brexit as risk to London’s dominance Sentiment among London’s Brexit-hit bankers sank to its […]
Nigeria to Start Building $5.8 Billion Power Plant in 2018
Nigeria plans to start building a $5.8 billion hydro-power plant in the eastern Mambila region this year, after it agrees […]
Shell’s Race to Remake Itself For a Low-Price World
Last March, Royal Dutch Shell said it was selling most of its stake in Canada’s oil sands, a vast project […]