Other News

First Group posts 14% rise in revenue
Global

First Group posts 14% rise in revenue

UK and Europe largest bus transport company, FirstGroup plc said its revenue for the year-end September 2018 rose to 13.7%. FirstGroup plc said in a statement that revenue growth +13.7% year to date. Group revenue in constant currency and excluding the SWR rail franchise +5.5% YTD. The company said its […]

Coca‑Cola HBC acquires Bambi
Uncategorized

Coca‑Cola HBC acquires Bambi

Coca‑Cola HBC AG said is hhas acquired Bambi. Bambi is Serbia’s leading confectionery. The group said it acquired Bambi from funds advised by Mid Europa Partners, a leading buyout investor in Central and Eastern Europe, for an enterprise value of €260 million, subject to certain closing adjustments. Completion of the […]

Nigeria’s inflation drops to 11.37%
Policy

Nigeria’s inflation drops to 11.37%

Latest data from the official data office of Nigeria said consumer price index or inflation in Africa’s largest economy dropped to 11.37% in the month of January. The Abuja-based National Bureau of Statistics said in its summary note that the further drop in January is 0.07 percent points lower than […]

Uganda deports MTN CEO Wim Vanhelleputte
Global JSE SENS

Uganda deports MTN CEO Wim Vanhelleputte

The government of Uganda has deported MTN Chief Executive Officer Wim Vanhelleputte, a Belgian. According to Kenya’s Nation.co.ke, the deportation was communicated in a letter signed by Internal Affairs Minister Jeje Odongo on Thursday, the MTN Uganda boss is to stay outside Uganda indefinitely. The news website reported that Police […]

Shell acquires 100% stake in sonnen
Energy Global

Shell acquires 100% stake in sonnen

Royal Dutch Shell said it has agreed to acquire 100% of sonnen. Sonnen is a major maker of smart energy storage systems and innovative energy services for households. Shell said in a statement that the acquisition follows an investment by Shell in May 2018 and means that post regulatory approval […]

Kinnevik increases equity stakes in MatHem
Global Tech

Kinnevik increases equity stakes in MatHem

Kinnevik AB has announced that it has committed to invest SEK 0.9bn in MatHem. MatHem is Sweden’s leading independent pure-play online grocery retailer, in a combination of 0.4bn in primary capital and 0.5bn in secondary shares taking Kinnevik’s ownership to 38%. The Nordic countries have long been held to be […]

Autonomous truck startup, TuSimple raises $95 million
Tech

Autonomous truck startup, TuSimple raises $95 million

American self-driving truck startup TuSimple, has raised $95 millio in fresh funding. TuSimple said in a statement cited by Reuters News that the funding round was led by Chinese internet giant Sina Corp, which values the three-year-old firm at $1 billion. The fresh funds, investors of which also include Hong […]