Thu Oct 2, 2014/Reuters Britain’s government, almost 3,000 Virgin Money staff and entrepreneur Richard Branson will share a multi-million pound windfall when the challenger bank lists in London in the coming weeks. Virgin Money intends to raise 150 million pounds ($243 million) from a stock market listing in London, the […]
World News
ETI Divest 20% Stake worth $493.4 Million to South Africa’s Nedbank Group
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Pan Africa lender Ecobank Transnational Incorporated (ETI) on Thursday said it will divest 20 percent worth N493.4 million shares of the bank to South Africa’s Nedbank Group Limited, ETI said in a statement. According to the pan African lender, to conclude the deal, Nedbank will […]
Richest African Dangote Says Dubai Deals May Be Billions
Oct 1, 2014/Bloomberg Africa’s richest man, Aliko Dangote, said further deals with the Investment Corp. of Dubai may run into billions of dollars after the Emirati holding company invested $300 million in his cement business last month. “We have also agreed to invest in other other ventures in oil and […]
