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 […]
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’s investigation […]
Kenya’s flag carrier, Kenya Airways, is broadening its revenue streams, having implemented the latest group booking technology from Sabre Corporation. The new approach to group bookings will see the airline use Sabre’s AirVision Group Optimizer platform to streamline group revenue management processes and provide a more holistic view of each […]
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 […]
The American Justice Department has shut down the largest criminal marketplace on the Internet, AlphaBay, which operated for over two years on the dark web. Before it was shut down, Alphabay was used to sell deadly illegal drugs, stolen and fraudulent identification documents and access devices, counterfeit goods, malware and […]
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 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 […]
Lasaco Assurance plc said its profit for the second quarter of the year fell by 32% to NGN256.1 million from NGN376.9 million in the year before. Gross insurance premium matched its last’s year’s milestone at NGN1.4 billion gross insurance premium. The company’s reinsurance expenses was NGN813.2 million in contrast to […]
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 […]
Another series of facts have emerged on how the Guptas allegedly defrauded Cosatu. According to the latest article by Amabhungane showed that Collin Matjila connived with the Guptas in the alleged scam against the Congress of South African Trade Unions, COSATU. Read below: The #Guptaleaks have shone light on the […]