Business News

Ecobank says to hold board meeting on Tuesday

Pan-African lender Ecobank will hold a board meeting on Tuesday in the Cameroonian capital Yaounde two weeks after an injunction blocked a similar meeting that would have discussed the position of chief executive Thierry Tanoh. Ecobank is one of the largest financial institutions in sub-Saharan Africa with a presence in […]

IFC, Goldman Sachs launch fund for female entrepreneurs

The World Bank’s private finance arm and Goldman Sachs teamed up on Wednesday to launch a $600 million fund to increase access to capital for female entrepreneurs in emerging-market countries. The partners will invest a total of $132 million to seed the new Women Entrepreneurs Opportunity Facility, billed as the […]

IBM China workers strike over terms in $2.3 billion Lenovo deal

More than 1,000 workers at an IBM factory in southern China have gone on strike against the terms of their transfer to Chinese PC maker Lenovo Group Ltd caused by the U.S. company’s $2.3 billion sale of its low-end server business. Several workers gather outside gate of the International Business […]