US Development Institution Targets Credit at “Unbanked” Nigerians

The US development institution, the Overseas Private Investment Corporation (OPIC), is supporting the work of two United States firms who won a bid to recapitalise and restructure the Union Bank of Nigeria following a capital injection from the Central Bank of Nigeria to aid eight ailing banks during the global financial crisis of 2009. OPIC will … Read more US Development Institution Targets Credit at “Unbanked” Nigerians

Kenya: Centum Registers 110 Per Cent Profit Before Tax

Centum Investment Company Limited has reported a profit of 110 percent before tax to $ 25.29 million for the year ended March 2011 and declared a 1 for 10 bonus share issue for the shareholders. The company which is spreading its wings across Africa also announced intentions to cross list its shares on the Dar … Read more Kenya: Centum Registers 110 Per Cent Profit Before Tax

Special Effects Company Sells for £119 Million to Barclays Private Equity

The Carlyle Group have sold The Mill, a special effects company, to Barclays Private Equity for £119 million. The transaction closed on 18th April 2011. The Mill creates video content for global brands and advertising agencies. It specialises in digital visual effects for brand communication. Through its work for advertising agencies, The Mill has created … Read more Special Effects Company Sells for £119 Million to Barclays Private Equity

Facebook worth US$60 Billion in Employee Share Sale

Market and analyst opinion has raged in recent months over the true value for Facebook. Possibilities range between $120 billion and $10 billion.  Goldman Sachs recently invested $1.5 billion in the company, conservatively valueing Facebook at $50 billion. Rumours are that Facebook will give employees the ability to sell their shareholding in the private company … Read more Facebook worth US$60 Billion in Employee Share Sale