Other News

BlackBerry acquires Cylance
Tech

BlackBerry acquires Cylance

BlackBerry Limited today announced it has entered into a definitive agreement to wholly acquire Cylance. Cylance is an artificial intelligence and cybersecurity company. BlackBerry said in the statement that it is buying the company for US$1.4 billion in cash, plus the assumption of unvested employee incentive awards. Pending regulatory approvals […]

Total, Exxon sign Papua New Guinea LNG project
Energy

Total, Exxon sign Papua New Guinea LNG project

French oil giant, Total, ExxonMobil and Oil Search have signed a Memorandum of Understanding with the Independent State of Papua New Guinea defining the key terms of the Gas Agreement for the Papua LNG Project. The MoU was signed during the Asia Pacific Economic Conference (APEC) in Port Moresby, in […]

Olufunke Ighodaro leaves Transaction Capital
People

Olufunke Ighodaro leaves Transaction Capital

JSE-listed Transaction Capital Limited said Ms Olufunke Ighodaro has resigned as a non-executive director of the company. The company also said Olufunke Ighodaro also vacated the position as chairman of the audit, risk and compliance committee (ARC) and member of the asset and liability committee with effect from 30 November […]

Equinor acquires 9.7% stake in Scatec Solar
Energy

Equinor acquires 9.7% stake in Scatec Solar

Norway’s Equinor ASA has acquired 11,020,000 shares in Scatec Solar ASA. The stake acquired corresponds to 9.7 per cent of the shares and votes, at a total purchase price of approximately NOK 700 million (USD 82.4 million1). “The investment in Scatec Solar will increase Equinor’s exposure to a fast growing […]

Emaar reports 20% growth in nine month profit
Global

Emaar reports 20% growth in nine month profit

The Middleast largest real estate company, Emaar Properties PJSC said it recorded a revenue of $4.735 billion in the first nine months of 2018. The number is 30 per cent higher than the revenue of $3.635 billion during the same period in 2017, led by the robust growth achieved by […]

Warren Buffet sold off stocks in Walmart
Global

Warren Buffet sold off stocks in Walmart

Berkshire Hathaway Chairman, Warren Buffet, said he has sold off all his shares in US retail giant, Walmart. Buffet’s stake in Walmart was estimated to be about $5 billion. However, Buffett has long highlighted the vulnerability of iconic retailers, citing Sears, F.W. Woolworth and Montgomery Ward as merchants that lost […]