Global

Patrick Masambu Becomes DG Of The International Telecommunications Satellite Organization
Global

Patrick Masambu Becomes DG Of The International Telecommunications Satellite Organization

Patrick Masambu, a Uganda citizen and former chairman of the Council of the Commonwealth Telecommunications Organisation (CTO) has been elected director-general of the US-based International Telecommunications Satellite Organization (ITSO). Mr Masambu was the only Commonwealth candidate for the position. A former communications regulator for Uganda, he brings to the role […]

Olam Raises USD2 Billion For Debt Refinancing
Global

Olam Raises USD2 Billion For Debt Refinancing

As a debt refinancing move, Olam, the world’s largest trader of agricultural commodities and allied products has announced that it has successfully raised a secured a revolving credit facility aggregating US$2.0 billion. The company said the facility consists of three tranches – a 364-day revolving credit facility of US$400.0 million, […]

Afrimalin Raises EUR400,000 In Development Funding
Global

Afrimalin Raises EUR400,000 In Development Funding

Three months after its creation was announced, Afrimalin, a new site of free classified site focusing on the Francophone West Africa, has raised about EUR400,000 in development funding. Afrimalin was created by three business angels who possessed good grasp of the Internet landscape of Africa. Thibault Launay and Romain Girbal , the founders of […]

Rob Leith Joins Nedbank Group
Global

Rob Leith Joins Nedbank Group

Rob Leith has been announced by Nedbank Group and Nedbank Limited, the majority-owned South African banking subsidiary of Old Mutual plc, as a non-executive director in the group. The appointment of Rob Leith was conveyed in a statement by the Nedbank Group, the company said: ‘The boards of Nedbank Group […]