Alibaba Group Holding Ltd. is preparing to file for an initial public offering in the U.S. as soon as April, according to people with knowledge of the matter. China’s largest e-commerce company is working with New York-based law firm Simpson Thacher & Bartlett LLP as it gets ready to sell […]

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Conglomerate, Honeywell Flour Mills Plc, Friday announced the resignation of Erik Mollenbach from its board based on health grounds. Mollenbach was non-executive director of the company; he was former managing director (MD) at Fan Milk Plc and RT Briscoe respectively. He is a graduate of […]

Ecobank Transnational Incorporated grew too fast in a short space of time, its biggest shareholder said on Wednesday, potentially signalling a slowdown in the rapid expansion that has taken the financial institution to 35 countries. The Chief Executive Officer, Public Investment Corporation, Mr. Elias Masilela, said the bank, whose chief […]