Global

Orange Liberia begins operation
Global

Orange Liberia begins operation

After acquiring Cellcom, Orange Liberia has started full-scale operations in Liberia, a West African country neighboring the Benin Republic. Orange Liberia inherited about 1.6 million customers from Cellcom making the company the largest mobile carrier in the market. Cellcom was founded in 2004, the mobile operator has been a driving […]

Nigeria rounds off USD6 billion oil swap deal
Energy

Nigeria rounds off USD6 billion oil swap deal

The Nigerian National Petroleum Corporation, NNPC has is said to be in the final stage of signing an oil swap deal worth USD6 billion in exchange more than 300,000 barrels per day (bpd). The swap will be for petroleum products such as imported gasoline and diesel, sources with direct knowledge […]

Sibanye raises USD1 billion via rights issue
JSE SENS

Sibanye raises USD1 billion via rights issue

Sibanye Gold Limited has announced that it will raise USD1 billion via a rights issue. The company said in an announcement that the offer will be available to qualifying shareholders registered in the Sibanye share register on Friday, 26 May 2017. The offer is for a total of 1.19 billion […]

Prudential picks Mark FitzPatrick as Asian Group CFO
Global

Prudential picks Mark FitzPatrick as Asian Group CFO

Prudential plc said it has appointed Mark FitzPatrick as Chief Financial Officer. According to a statement by Prudential Mark FitzPatrick is succeeding Nic Nicandrou, who takes over as Chief Executive of Prudential Corporation Asia. Mr FitzPatrick is currently a Managing Partner of Deloitte UK and a member of its executive […]