Other News

Nigeria: What to expect in 2019
Uncategorized

Nigeria: What to expect in 2019

With a gross domestic growth (GDP) of 0.55% in the second quarter of 2017, Nigeria exited its first economic recession in over 20 years. To know how we managed to get out of the doldrums of economic comatose, the National Bureau of Statistics, (NBS), said in its report that the […]

Qatar to quit OPEC by 2019
Energy

Qatar to quit OPEC by 2019

Qatar said it will be quitting the Organization of Petroleum Exporting Countries (OPEC) by January 2019. The planned withdrawal is a sign that its row with Saudi Arabia and other Gulf countries has further escalated. OPEC is a group consisting of 12 of the world’s major oil-exporting nations. OPEC was […]

KKR swells its rank with 18 new managing directors
Global

KKR swells its rank with 18 new managing directors

Global private equity giant, KKR today announced a newly promoted group of 18 Managing Directors, effective January 1, 2019. “We are thrilled to congratulate an exceptional group of senior leaders on this milestone and thank each of them for their significant contributions to maintaining our firm’s culture, integrity and success,” […]

Qualcomm Ventures launches $100 million AI fund
Tech

Qualcomm Ventures launches $100 million AI fund

Qualcomm Incorporated has announced the launch of Qualcomm Ventures AI Fund to invest up to an aggregate of $100 million in startups transforming artificial intelligence. The fund will focus on startups that share the vision of on-device AI becoming more powerful and widespread, with an emphasis on those developing new […]

Simon McKeon join Rio Tinto’s board
Global

Simon McKeon join Rio Tinto’s board

Rio Tinto has appointed Simon McKeon AO as an independent non-executive director. Mr McKeon, an Australian citizen, will join the board on 1 January 2019. Mr McKeon brings a wealth of experience gained from various leadership positions across financial services, legal, charity and government sectors. After qualifying as a solicitor, […]

Onex finalises acquisition of KidsFoundation
Global

Onex finalises acquisition of KidsFoundation

Onex Corporation said it has completed the acquisition of KidsFoundation Holdings B.V. KidsFoundation is the largest childcare provider in the Netherlands. In total, the Onex Partners Group invested approximately $172 million, which includes capital from both Onex Partners IV and V. Onex’ portion of the investment was $48 million as […]

Actis acquires Nigeria’s Four Points by Sheraton
Global

Actis acquires Nigeria’s Four Points by Sheraton

Global private equity firm, Actis, said it has acquired Nigeria’s Four Points by Sheraton located in Victoria Island in Lagos, Nigeria. Actis said in a statement that it acquired the business alongside Westmont Hospitality Group. Actis said it will alongside Westmont acquire hospitality assets in major cities across sub-Saharan Africa. […]