Business News

MasterCard and Microsoft Partner to Promote Innovation for Micro Merchants

March 5, 2015/MasterCard Today, MasterCard and Microsoft announced a partnership to promote financial inclusion and economic development in Mexico. Through this partnership, both companies will work together to facilitate the adoption of electronic payments by micro merchants in Mexico, encourage the formalization of their businesses and drive financial inclusion. Antonio Junco, Director […]

Afren’s founder eyes China for a stable capital structure -FT

Thu Mar 5, 2015/Reuters Founder of oil producer Afren Plc , Ethelbert Cooper, is planning to change the company’s capital structure with a new partnership involving a consortium of Chinese investors, the Financial Times reported. “With a different strategy and reinvigorated management there is a chance to pull the phoenix […]

Flour Mills to Cut Expenditure on Dwindling Economy-Chairman

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Flour Mills of Nigeria Plc on Thursday said it will cut its capital expenditure by almost half in 2015, down from N40 billion a year ago on dwindling economy, a Reuters report quoted John Coumantaros, chairman of the company at the Reuters Africa Investment Summit. […]