April 1, 2015/Bloomberg MTN Group Ltd., Africa’s biggest wireless operator, increased the most in almost five years after former military ruler Muhammadu Buhari won a largely peaceful vote in Nigeria, the South African company’s biggest market. The shares advanced as much as 6.6 percent, the most since May 2010, and […]

Wed Apr 1, 2015/Reuters Citigroup Inc (C.N) is planning to sell Prime Reinsurance Co, a unit created five years ago when the bank spun off its life insurance business, Primerica Inc (PRI.N), Bloomberg reported. The unit, referred to as Prime Re, could draw interest from Reinsurance Group of America Inc […]

April 1, 2015/Bloomberg Barclays Africa Group Ltd. decreased Chief Executive Officer Maria Ramos’s pay by 0.3 percent after South Africa’s third-largest lender conformed with U.K. regulatory requirements on compensation. Ramos, 55, was paid 28.57 million rand ($2.38 million) for 2014, the Johannesburg-based lender’s annual report published on Wednesday shows. Ramos […]