1/9/2017/Reuters Atlas Mara Ltd, the African investment vehicle of former Barclays boss Bob Diamond, said on Friday that Fairfax Africa now holds 42 percent of the company after it subscribed to 70.1 million new shares. The change in ownership comes after Atlas Mara announced plans in June to raise $200 […]
Business News
Union Bank launches Start up Connect in partnership with Co-Creation Hub
August 31, 2017/Union Bank of Nigeria Plc Union Bank in partnership with Co-creation Hub (CcHub) has announced the launch of a first-of-its kind business acceleration program ‘Start up Connect’. Start up Connect is an opportunity for Nigerian companies, creating technology solutions for the next generation African market, to partner with […]
Allianz buys Nigerian insurer for $35 mln in African push
30/8/2017/Reuters Chijioke Ohuocha Germany’s Allianz plans to pay $35 million for 98 percent stake in Nigerian insurer Ensure Insurance in a push for growth in Africa, where many people are uninsured. Foreign insurers are banking on growing premiums as the continent develops its infrastructure and a consumer class demands protection […]
