13/10/2016/Reuters The Africa head of ratings agency Standard & Poor’s said on Thursday the current situation in South Africa was “not business as usual,” citing “political turmoil and tension” as worrying signs ahead of a ratings decision on Dec. 2. Addressing the Thomson Reuters Africa summit in Cape Town, Konrad […]
Updates
ntel Eyes Private Placement for Fresh Funds-Source
By InvestAdvocate Lagos (INVESTADVOCATE)-NatCom Development & Investment Limited “NatCom” (trading as ntel) and Nigeria’s first advanced 4G/LTE network is seeking to do a private placement to raise fresh funds, a source with direct knowledge of the matter told InvestAdvocate. The source said the private placement is expected to commence in […]
Nigerian lawmakers call MTN, trade minister to hearing over alleged illegal transfer of $14 bln
13/10/2016/Reuters Nigerian lawmakers invited South Africa’s MTN, Nigeria’s trade minister and four lenders to appear at an “investigate hearing” on Oct. 20 over the alleged illegal transfer of $14 billion out of the country. The four lenders invited to appear before a senate committee on banking, insurance and other financial […]
