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 […]
Africa’s largest tech investor and the most valuable company, Naspers is reporting a 41% rise in its headline earnings for the year to USD1.8 billion. Full group revenue rose by 19% on a year on year basis to USD14.6 billion. Using the local currency of South Africa, Naspers said its […]
The Intercontinental Exchange, ICE said Scott Hill, Thomas Farley two of its chief executives will appear before the House Financial Services Capital Markets Subcommittee to discuss equity market structure. The Intercontinental Exchange has not stated if there is any wrongdoing why its chief executives will be testifying before Congress. The […]
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 […]
EBRD said it is investing up to USD30 million in the Emerging Europe Growth Fund III (EEGF III), which will provide equity financing to small and medium-sized enterprises (SMEs) primarily in Ukraine. The EBRD disclosed that the Fund has a target size of USD150 million and has attracted investments from […]
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 […]
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, 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 […]
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 […]
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 […]