May 13, 2015/Bloomberg Old Mutual Plc is setting up a new fund for investments in African infrastructure including toll roads and power plants as part of a joint venture with Macquarie Group Ltd. The companies intend to “raise a new fund because the old fund is almost fully invested,” Paul […]

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Tony Elumelu, renowned African Entrepreneur and philanthropist on Monday meet President Barack Obama to propose a new entrepreneur-led development model for Africa in Washington DC. Elumelu, Chairman of Africa’s global bank, United Bank for Africa Plc (UBA), and Founder, the Tony Elumelu Foundation, at a White House event hosted by United States […]

May 12, 2015/CNBC Telecom giant Verizon announced Tuesday it will be buying AOL for $50 per share, or about $4.4 billion. (Tweet This) AOL’s stock was up more than 17 percent after the announcement. Verizon’s stock was down slightly. AOL co-founder Steve Case tweeted his approval. The transaction will be […]