VEON plans to offer $600 million for 42.3% of Global Telecom

Posted by - February 5, 2019

Telecoms operator VEON Ltd, formerly known as Orascom, says it intends to offer $600 million for the 42.3 per cent of Cairo-listed Global Telecom Holding. VEON, based in Amsterdam, said on Tuesday that it would offer 5.30 Egyptian pounds (about $0.3005) per share for the buyout. The offer for the stake in Global represents a

Bitcoin Does Not Threaten Global Economy According To Fsb

Posted by - January 7, 2019

Bitcoin and other cryptocurrencies do not pose a threat to the world economy, but should be monitored as the market “continues to evolve rapidly.” That’s the assessment of the Financial Stability Board (FSB), an international body that monitors the global economy. The observations were brought to light in a December 28 report by the Reserve

Airbus Forecasts $4.6tn Global Market for Commercial Aircraft

Posted by - July 20, 2018

Airbus’ new Global Services Forecast has predicted $4.6 trillion worldwide market for commercial aircraft services from 2018 to 2037. Major aircraft manufacturing company said the new analysis was based on a three-way market segmentation, respectively focusing on the aircraft, the airline operation, and the passenger experience. According to Airbus, aircraft-focused lifecycle services represent the largest

Michael Bloomberg Inaugurates Global Business Forum

Posted by - September 22, 2017

On the sidelines of the United Nations General Assembly, Bloomberg Philanthropies hosted by former mayor of New York Michael Bloomberg, inaugurated its first Global Business Forum with an astounding line up of global innovators, including Africa’s richest man, Nigerian industrialist Aliko Dangote. Following talks by former US president Bill Clinton, French president Emmanuel Macron, Apple

WEF Ranks Nigeria 114th in Global Human Capital Index

Posted by - September 13, 2017

The World Economic Forum (WEF) has ranked Nigeria 114th out of 130 economies in the overall ranking of its Global Human Capital Index for 2017. The WEF disclosed this in its Global Human Capital Report 2017 Nigeria was also placed in the bottom 10 in two of the WEF’s pillars – development (122) and Know-how

Ghana’s Famous Boateng grabs Shell Global Customer Excellence Awards

Posted by - August 9, 2017

A 25-year-old Ghanaian, Famous Boateng has been crowned as 2016 Regional and Global Forecourt Service Champion at the Shell Global Smiling Stars Programme in the New York, USA. Prior to this recognition, he was adjudged as the 2016 Best Service Champion for Ghana. These awards make Famous Boateng the first Ghanaian, first African and the

GCB Readies for Global Presence

Posted by - July 21, 2017

Work is underway to enable the GCB Bank Limited expand its physical presence around the globe in a bid to reach wider markets and increase the bank’s prospects, Anselm Ray Sowah, Managing Director, GCB has hinted. The move he indicated, seeks to help businesses grow, and also to develop the country’s economy. “At the moment,