Global

Globacom Leaves 70 Indian Expats with unpaid pending dues of USD 1.9 Million in entitlements for over 2 years
Global

Globacom Leaves 70 Indian Expats with unpaid pending dues of USD 1.9 Million in entitlements for over 2 years

For many working class Nigerians in the white collar environments, expats from any part of the world are treated as ‘prince and princesses’. This perception and stereotype cannot be wished away given a multi-billion dollar expansive lots of luxury service apartments, foreign restaurants, bars and lounges, five star hotels and […]

Alibaba joins elite sponsors of Olympic Games
Global

Alibaba joins elite sponsors of Olympic Games

Jack Ma, the influential CEO of Alibaba, the Chinese eCommerce giant has announced the intention of the Alibaba Group to sponsor the Olympic Games. He made the announcement at the ongoing World Economic Forum in Davos, Switzerland. Jack Ma said the decision to join the coterie of sponsors for the […]

Brikor Limited posts 3.4% 2016 year end growth profit
JSE SENS

Brikor Limited posts 3.4% 2016 year end growth profit

Brikor Limited, a diverse manufacturer and supplier of building and construction materials has just reported that its gross profit for 2016 year end growth profit rose by 3.4 % to ZAR86,9 million. Despite a competitive environment, the company’ last year result is an improvement over ZAR76.5 million posted last year.The […]

Synthetic Genomics and ExxonMobil to continue algae fuel research
Global

Synthetic Genomics and ExxonMobil to continue algae fuel research

Synthetic Genomics, Inc. and ExxonMobil announced today that they have extended their agreement to conduct joint research into advanced algae biofuels after making significant progress in understanding algae genetics, growth characteristics and increasing oil production. ExxonMobil and Synthetic Genomics have been jointly researching and developing oil from algae for use as a […]

South Africa’s inflation is getting out of hand
Global

South Africa’s inflation is getting out of hand

South Africa, Africa’s second largest economy is having more problems with its inflation. Statistics South Africa said the country’s inflation rate surged by 0.4% in December to reach 6.8%. The figure beats market expectations, from 6.6 percent in November To show how things are going, Economists polled by Reuters had […]