The United Bank for Africa (UBA) Plc has announced that its debit and prepaid cards are now accepted on the PayPal platform.
Updated 5 Years ago

Australian billionaire Solomon Lew has spent 17 years blocking Woolworths Holdings Ltd. (WHL)from taking full control of a local fashion chain. His intransigence is set to earn him a A$209 million ($197 million) payout. Woolworths will pay A$17 a share to buy out Lew and other minority shareholders in clothing retailerCountry Road (CTY), the Cape Town-based suitor said in a regulatory statement today. That deal will only go ahead if Lew and other shareholders in David Jones Ltd. support Woolworths’ separate $2 billion bid for their company.
Updated 5 Years ago

Amnesty International has stated that last week’s UK court ruling finally paved the way for Shell to be held accountable for devastating oil pollution in the Niger Delta.
Updated 5 Years ago

Nissan Motor Co. (7201) Chief Executive Officer Carlos Ghosn earned more than $10 million last year, putting him on track to become the best-paid Japan executive for the fourth time in five years. Ghosn was paid a total of 995 million yen ($9.8 million) in salary and bonuses for the fiscal year ended March 31, an increase of 0.7 percent from a year earlier, he said at the carmaker’s annual shareholders’ meeting today in Yokohama, Japan. Including dividends, his total compensation rises to more than 1 billion yen.
Updated 5 Years ago

The South Stream gas pipeline project is too important for the EU to be “put on ice”, the head of Austrian energy group OMV, Gerhard Roiss, stressed, even speaking of possible European law exceptions for Gazprom in order to speed up negotiations. In an interview with the WirtschaftsBlatt newspaper, Roiss said that it’s unrealistic to suggest that Austria, which receives a third of its gas from Gazprom, and Europe as a whole, would be able to cope without Russian supplies.
Updated 5 Years ago

MultiChoice and StarTimes, which are facing competition from CONSAT, new entrant into pay-TV business in Nigeria, will this week deepen their consumers’ understanding on digital migration as they hold separate forum on the concept.
Updated 5 Years ago

Prime Minister Tony Abbott has suggested scrapping legislation that controls one of the most pressing issues for Australia - climate change. Abbott says cutting the "carbon tax" means more money for households. Opponents say it’s bowing to big business. In an attempt to woo voters with lower taxes, Prime Minister Abbott said that households will save A$550 per annum, because power generators will be able to reduce bills by 9 percent.
Updated 5 Years ago

The strategic reengineering initiatives launched by Guinea Insurance plc are beginning to yield positive result, as the company has been certified to undertake large energy businesses.
Updated 5 Years ago

Sunni militants have gained full control over Iraq’s main oil refinery at Baiji, south of Mosul, according to media reports. ISIS takes over Iraq's main oil refinery at Baiji - reports Radicals from the Islamic State in Iraq and the Levant (ISIS, or ISIL) have been attacking the refinery, which is responsible for supplying a third of Iraq’s oil, for the past ten days.
Updated 5 Years ago

MainOne, the leading provider of innovative Data Centre and Telecom services and Network solutions for businesses in Sub-Sahara Africa is set to commission its Tier III Data center, the largest in West Africa.
Updated 5 Years ago