June 21, 2017/Reuters Barclays Africa warned on Wednesday against proposed changes to the South Africa Reserve Bank’s primary mandate, saying amendments recommended by an anti-graft agency posed a “very serious risk” to the financial system. The South African-based lender also said it would challenge in court a finding by the […]
Updates
Bob Diamond’s Africa bank ups stake in Union Bank of Nigeria
June 21, 2017/Reuters Atlas Mara Ltd, the African investment vehicle of former Barclays boss Bob Diamond, said on Wednesday that it plans to raise $200 million to increase its stake in Union Bank of Nigeria and to scale up other businesses. Atlas Mara said it was buying a 13.4 percent […]
Uber CEO Travis Kalanick resigns under investor pressure
June 21, 2017/Reuters By Heather Somerville and Joseph Menn Uber Technologies Inc Chief Executive Travis Kalanick, co-founder of one of the most influential technology companies of its generation, resigned on Tuesday under mounting pressure from investors over his leadership. Kalanick’s departure caps a tumultuous period for the world’s largest ride-services […]
