Author: Mariam Ogunlana

Nor Lines and Rolls-Royce sign power agreement
Energy

Nor Lines and Rolls-Royce sign power agreement

Nor Lines and Rolls-Royce have signed a groundbreaking “Power-by-the-Hour” service agreement for the two vessels Kvitbjørn and Kvitnos. The new service offering harnesses the power of “Big Data” to monitor, plan and perform maintenance and repairs on all the equipment it has installed on the cargo vessel. Power-by-the-Hour is a […]

BaFin slams EUR2,500 on New-York Hamburger Gummi-Waaren
Global

BaFin slams EUR2,500 on New-York Hamburger Gummi-Waaren

The Federal Financial Supervisory Authority (Bundesamt für Justiz – BfJ) better known by BaFin has imposed a disciplinary fine of EUR2,500 against New-York Hamburger Gummi-Waaren Compagnie Aktiengesellschaft. The disciplinary fine order related to a breach of section 325 of the German Commercial Code (Handelsgesetzbuch – HGB) by New-York Hamburger Gummi-Waaren Compagnie […]

Factset opens a new office in Johannesburg
JSE SENS

Factset opens a new office in Johannesburg

FactSet, a global provider of integrated financial information has opened a new office in Johannesburg as it seeks to grow presence in Africa. The new office will serve the Company’s growing client base in South Africa and provide a springboard for future expansion on the African continent. Experienced members of […]

Capital Appreciation buys Synthesis Software
JSE SENS

Capital Appreciation buys Synthesis Software

Johannesburg acquisition company, Capital Appreciation Limited, has acquired 100% of Synthesis Software Technologies for ZAR132.1 million. Synthesis is a specialised financial technology company that provides software development, consulting and integration services to financial institutions. It will remain independent, operating as a wholly-owned subsidiary of Capital Appreciation. Synthesis will continue to […]

Staco insurance Q1 profit rises by 4%
Big Business

Staco insurance Q1 profit rises by 4%

After reporting huge loss in the financial year 2016, Staco insurance plc has released its 2017 first quarter reports showing gross premium income of NGN2.0 billion compared to NGN1.6 billion reported in the same quarter 2016. The insurance company said its re-insurance expenses for the period was NGN307.2 million against […]