August 15, 2016/Reuters American International Group Inc (AIG.N) is nearing a deal to sell its mortgage-guaranty unit to Arch Capital Group Ltd (ACGL.O) for about $3.4 billion, the Wall Street Journal reported on Monday, citing people familiar with the matter. The companies could strike a deal as soon as early […]

August 15, 2016/SITA High-speed communication infrastructure underpins airline’s modernisation program SITA, the global air transport communications provider, is to roll out faster, new-generation connectivity across Kenya Airways’ global network, a vital investment in infrastructure needed to support the airline’s renewed focus on cost optimization and airline modernization. Among Africa’s top […]

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s top tier lender, Zenith Bank Plc on Thursday posted a pretax profit of N63.3 billion in the half-year (H1) period ended June 30, 2016 compared to N72.2 billion a year ago. The lender declared a profit after tax (PAT) of N44.8 billion in the […]