Other News

This is why Dangote has not bought Arsenal FC
Sports

This is why Dangote has not bought Arsenal FC

Africa and Nigeria’s richest, Alhaji Aliko Dangote has once again confirmed his interest in taking over at English football club, Arsenal FC, but that will  be after completing the multi-billion dollar refinery project in home country. The cement business mogul in an interview with Bloomberg revealed a his business plans both home and abroad […]

China releases timetable to crackdown on Ponzi schemes
Scams

China releases timetable to crackdown on Ponzi schemes

China might join the league of countries clamping down hard on Ponzi schemes and other dodgy investment companies luring unsuspecting members of the public to losing their funds. China’s regulatory authority said it will further investigate Ponzi scheme activities across the country. The government said in a statement that: “Recently, […]

Gawie Erasmus resigns from Afrocentric Investment
JSE SENS

Gawie Erasmus resigns from Afrocentric Investment

Afrocentric Investment Corp Limited has disclosed the resignation of Gawie Erasmus from the company as an executive director and chief executive officer of Pharmacy Direct Proprietary Limited with effect from 31 August 2017. The company said in a statement that “The Board thanks Gawie Erasmus for his contribution to the […]

Ericsson sues smartphone maker Wiko for patent infringement
Global

Ericsson sues smartphone maker Wiko for patent infringement

Network and telecommunication giant, Ericsson said it has ued smartphone maker Wiko, in the regional courts of Düsseldorf and Mannheim in Germany, for infringement of patents essential for 2G, 3G and 4G cellular technology, as well as implementation patents. In a statement by Ericsson, Wiko has been infringing Ericsson’s intellectual […]

SK Capital to reinvest in Archroma
Global

SK Capital to reinvest in Archroma

SK Capital Partners, a private investment in specialty materials, chemicals and pharmaceutical sectors said it is reinvesting in Archroma in support of the Company’s ongoing initiatives to drive innovation, growth and operational efficiencies and to pursue strategic investments in both organic growth and industry consolidation. Initially acquired by SK Capital […]