America’s KKR said it will invest the sum of $400 million into AppLovin to give the app developers of all sizes the ability to finance, market, and grow their businesses. AppLovin was founded in 2012 into the mobile gaming user acquisition and monetization space and has expanded to offer a […]
Dubai-based Al Ramz Capital LLC said it regretted the regulatory fine handed to it by the Dubai Financial Services Authority, DFSA. The DFSA announced that it fined Al Ramz and a major employee a total of $295,000 for not complying with the regulators’ investigations into the company. Al Ramz said […]
South Africa’s Anglo American Platinum has just invested $100 million in two venture capital funds focused on increasing demand for platinum group metals. According to Reuters, the company invested into two UK-based funds managed by AP Ventures. The medium reported that the amount will be matched by a similar commitment […]
Aveng said it has appointed Edinah Mandizha as company secretary. The company said Ms Michelle Nana had resigned as Aveng’s Group Company Secretary with effect from 30 June 2018. Shareholders are advised that Ms Edinah Mandizha has been appointed as Aveng’s acting company secretary, with immediate effect. Edinah, who previously […]
Richemont said its board of directors is recommending that Ms. Sophie Guieysse for election as an Executive Director to the Board of Directors of Compagnie Financière Richemont SA. The Swiss luxury group said the election will take place at the next Annual General Meeting, to be held on 10 September […]
Nigeria’s Oando Plc said it is not liable to pay Ansbury Inc., a sum of $680 million in damages to be paid to Ansbury Inc., as ordered by the International London Court of Arbitration. In a terse statement, Oando said it is not a party to the matter as against […]
Nigeria’s national airline is to be unveiled on Wednesday. The latest update was given by the country’s minister of aviation who said negotiations are in top gear with Airbus and Boeing for aircrafts. In Twitter post, Hadi Sirika said: “Negotiating Aircraft orders with Airbus at Farnborough ahead of National Carrier […]
The Dubai Financial Services Authority, DFSA, has fined Al Ramz Capital LLC (Al Ramz) and its former Head of Information Technology. The DSFA also fined major employee of Al Ramz, Mr Najim Al Attar, for serious failures to provide complete and accurate information relevant to a DFSA investigation. The DFSA […]
America’s KKR said it has acquired RBmedia, a digital audiobook and related spoken content producer. KKR said it acquired the company from Shamrock Capital. Financial details of the transaction were not disclosed. RBmedia is the largest independent publisher of audiobooks in the world with a catalogue of more than 35,000 […]
Boeing and Qatar Airways finalized an order for five 777 Freighters at the 2018 Farnborough International Airshow. The deal, valued at $1.7 billion at current list prices, was announced as a commitment in April. The announcement was attended by the State of Qatar’s Minister of Finance and Qatar Airways Chairman, […]