Anglo-South African financial services group Old Mutual Plc plans to raise the share of profits generated by its African business to 15 percent by the end of next year from 10 percent at present, the firm said on Wednesday. The group has already spent a quarter of its $500 million […]
Capital Market
Nigerian stocks fall 1.38 pct to 1-month low
Nigerian stocks fell 1.38 percent on Wednesday to a one-month low, driven mainly by falls in the banking and energy sectors, brokers said. Africa’s second biggest index shed 1.38 percent to 40,622 points at 1200 GMT, a level last seen on December 31. It was the third consecutive day of […]
Lenovo nears $3 billion deal to buy Google’s Motorola unit
China’s Lenovo Group is nearing a deal to buy Google Inc’s Motorola handset division for close to $3 billion, people familiar with the matter told Reuters on Wednesday, buying its way into a heavily competitive U.S. handset market dominated by Apple Inc. Lenovo is in the final stages of talks […]
