21/12/2017/Reuters South African investor Christo Wiese has sold an additional 1.1 billion rand ($87 million) of shares in supermarket group Shoprite, exchange filings showed on Thursday, after his exposure to scandal-hit retailer Steinhoff dented his fortune. More than $14 billion of shareholder value has been wiped off Steinhoff over the […]

21/12/2017/Promasidor A survey conducted by the Top 50 Brands Nigeria, a research organisation, has picked as Promasidor Nigeria Limited as one of the 2017 top 50 brands in the country. The organiser said the selection was a result of a year-long rigorous research, using Brand Strength Measurement (BSM) index, a […]

December 21, 2017/AfDB The Board of Directors of the African Development Bank has approved an equity investment of US $15 million in Catalyst Fund II, a second-generation private equity fund investing in mid-market companies in East Africa. Building on its successful deployment of Catalyst Fund I, Catalyst Principal Partners, a […]