Global

Moody’s picks David Platt as Chief Strategy Officer
Global

Moody’s picks David Platt as Chief Strategy Officer

Moody’s Corporation said today that David Platt has been appointed to the new position of Chief Strategy Officer for the Corporation, effective November 14. Mr. Platt will lead a newly-formed Strategy and Marketing group, with responsibility for Moody’s Global Communications and Corporate Development teams. The group will bring together the […]

Moody’s acquires ICR Chile
Global

Moody’s acquires ICR Chile

Moody’s Corporation said that it has agreed to acquire a minority stake in ICR Chile. ICR is a provider of domestic credit ratings in Chile. This transaction adds to Moody’s growing presence across Latin America, which now extends to eight countries in the region. “ICR’s ratings provide an important service […]

Atlas Mara’s BancABC goes on IPO
Global

Atlas Mara’s BancABC goes on IPO

Atlas Mara Limited BancABC Botswana a wholly-owned subsidiary of the Company through ABC Holdings Limited has launched an IPO on the Botswana Stock Exchange, BSE. The sub-Saharan financial services investor said BancABC will sell up to 24.9% of its shareholding in BancABC Botswana. “This IPO marks an important milestone for […]

Transnet appoints Tau Morwe as acting CEO
JSE SENS

Transnet appoints Tau Morwe as acting CEO

Transnet SOC Ltd., South Africa’s public utility company said it has appointed Mr. Tau Morwe as the acting chief executive officer of the company. The company said his appointment is for a period from 1st November 2018 to 30th April 2019. He will also serve as a member of the […]

Eni, Lukoil sign farm-out agreement
Global

Eni, Lukoil sign farm-out agreement

Eni and Lukoil signed a farm-out agreement for the transfer of participating interests in three exploration licenses in Mexico’s shallow waters. According to the agreement, Eni will give Lukoil a 20% stake in the Production Sharing Contracts (PSC) in both Area 10 and Area 14, and will acquire a 40% […]

HSBC, UBS exit Nigeria on FDI drought
Global

HSBC, UBS exit Nigeria on FDI drought

Swiss investment baking giants, HSBC and UBS have exited their Nigerian operations as foreign direct investment continues to slump in Africa’s largest economy. The Swiss National Bank, SNB (the country’s central bank equivalent) said that foreign direct investment in Nigeria fell to 379.84 billion naira ($1.2 billion) in the first […]

AkzoNobel buys Malaysia’s Colourland Paints business
Global

AkzoNobel buys Malaysia’s Colourland Paints business

AkzoNobel said it has acquired Malaysia’s Colourland Paints Sdn Bhd and Colourland Paints (Marketing) Sdn Bhd – both referred to as “Colourland Paints” – a home-grown paints and coatings manufacturer. The acquisition enhances AkzoNobel’s global portfolio with a much-loved local brand. It also means the company will be able to […]