Other News

Eni hosts the 16th world oil and gas review
Global

Eni hosts the 16th world oil and gas review

Eni has announced that hosting of its 16th edition of the World Oil and Gas Review, the annual statistics report on world reserves, production and consumption of oil and gas with a special focus devoted to crude oil quality and the refining industry. According to Eni, this year the review […]

SAP names provisional management team for Africa
Global

SAP names provisional management team for Africa

Pending investigation into allegations of bribery and corruption involving the Guptas, SAP has appointed Claas Kuehnemann as head of its interim management team for Africa. The company said in an official statement that Claas Kuehnemann will step into the role of acting managing director for Africa while the company‚Äôs investigation […]

FTN Cocoa profit crashed by 97% in Q2
Big Business

FTN Cocoa profit crashed by 97% in Q2

FTN Cocoa processor said it recorded a net loss of NGN286.0 million for the second quarter against NGN151.1 million in 2016. The total revenue for the quarter was NGN18.5 million for second quarter 2017 compared to NGN662.9 million recorded same period in the financial year 2016. The company’s loss before […]

Georgi Ganev to head Kinnevik from 2018
Tech

Georgi Ganev to head Kinnevik from 2018

Georgi Ganev, the recently appointed chief executive officer of Kinnevik will be resuming his position by the 1st of January, 2018. Kinnevik confirmed the status in its latest trading update where its net asset value was disclosed at SEK81.9 billion (SEK 298 per share), up SEK 2.4bn or 3% during […]

Kinnevik invests USD65 million in Betterment LLC
Tech

Kinnevik invests USD65 million in Betterment LLC

Kinnevik AB, Swedish tech investor said it has invested another USD65 million into Betterment LLC. Betterment is the largest independent automated investing service company in the United States, as the company extends its financing round from last year. Kinnevik said the USD70 million extension to the March 2016 financing round […]

Paysafe acquires Merchants’ Choice Payment Solutions
Tech

Paysafe acquires Merchants’ Choice Payment Solutions

Paysafe Group, owners of Skrill said it will acquire the holding company for Merchants’ Choice Payment Solutions, a payment processor based in the Houston suburb of Shenandoah, Texas. MCPS is a data-focused full-service payment processor for merchants and sophisticated, high-volume Independent Sales Organisations (“ISOs”) in North America. Delivering card processing […]