Global

Sky Italia gets equity in V-Nova
Global

Sky Italia gets equity in V-Nova

Sky PLC, said its subsidiary in Italy, Sky Italia has converted into a minority equity stake in V-Nova, a GBP4.5 million financing it provided to V-Nova. V-Nova is a London-based company developing video compression technologies. 1. References to V-Nova are to V-Nova International Limited 2. Gross assets subject to the […]

Global

Prudential picks Mark FitzPatrick as CFO

Prudential PLC said Mark FitzPatrick will be succeeding mr. Nic Nicandrou as the Chief Financial Officer and an Executive Director of the global insurance group. The group said Nic Nicandrou who was the former Chief Financial Officer and an Executive Director will be taking over as the Chief Executive of […]

Kenya becomes Africa finance corporation member
Global

Kenya becomes Africa finance corporation member

Kenya is the latest country to become a member of Africa Finance Corporation (AFC), a leading pan-African multilateral development finance institution and project developer. Kenya is AFC’s 15th member and third East African member after Rwanda and Uganda. AFC’s other members are: Cape Verde; Chad; Côte d’Ivoire; Djibouti; Gabon; the […]

JSE launches wool futures contract
JSE SENS

JSE launches wool futures contract

The Johannesburg stock exchange  (JSE) has listed a cash settled merino wool futures contract on its Commodity Derivatives Market. The contract allows farmers and wool buyers to protect themselves against movements in the wool price. This follows the recent listing of a lamb carcas futures contract which tracks the price […]

Rio Tinto settles USD2.5 billion bond notes
Global

Rio Tinto settles USD2.5 billion bond notes

Rio Tinto, the world’s largest producer of Iron Ore said it has cut down its debt by uSD2.5 billion by completing its bond tender and redemption exercises. The nominal value of its outstanding bonds from has been cut from approximately USD21 billion to about USD9.5 billion. The company disclosed that […]

Danie Botes, CEO of MMI Holdings resigns
JSE SENS

Danie Botes, CEO of MMI Holdings resigns

A sudden wave of resignation has hit MMI Holdings as Chief Operating Officer Danie Botes and Chief Executive of Momentum Retail Etienne de Waal have resigned to pursue other interests. The company said Both Danie and Etienne were with the group for more than 20 years and leave a lasting […]

Millicom closes USD300 million loan in Colombia
Global

Millicom closes USD300 million loan in Colombia

Swedish telecom group, Millicom International Cellular S.A. said its subsidiary Colombia Movil has raised USD300 million syndicated loan. Millicom said the loan, denominated in US dollars, carries an interest rate of 250 basis points over LIBOR and has an average maturity of 4.5 years. The Colombian unit of the group […]