Doha Bank, a Qatar based lender, has entered into a definite acquisition agreement with HSBC Holdings Plc's HSBC Bank Oman to purchase its lending arm in India pending regulatory approvals in India, Jersey, Qatar and Oman.
Firm Management
GitHub co-founder Tom Preston-Werner steps down after harassment allegations
Tom Preston-Werner, the co-founder and president of San Francisco, US-based social coding network, stepped down from his position after former employee Julie Horvath claimed she experienced gender-based harassment and retaliation in the company.
Seplat: To end gas flaring in Nigeria in 5 years
Oil and gas producer Seplat, the first publicly listed oil and gas firm in the Nigerian bourse, said that it would end its gas flaring activities in the country by September and expects that the practice would be halted in the country by 2020.
CFAO Auto Group looks at entering the Nigerian car manufacturing market
CFAO Auto Group has been looking at the potential car market in Nigeria following other multinational companies including Toyota, Nissan and Kia's entrance to the country through local partnership with distributors for car assembly and production.
Carlyle invests in sub-Saharan African region valued USD698
US-listed fund manager Carlyle has invested USD698 million to the sub-Saharan Africa region aiming to focus in the consumer, transport, ICT and financial sectors and adding to J&J Africa, its current investment in the country.
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Citymapper has raised USD10 million Series A funding round led by Balderton Capital and other investors including Index Ventures, Greylock Partners and Connect Ventures.
Durham, US-based social media marketing startup Argyle announced through an email to its customers that it will shut down its operations on May 31 because it couldn't compete anymore with its rivals in the industry.
International soccer star Didier Drogba has partnered with HOM to launch his clothing brand in May, a French clothing brand for men, reported Ventures Africa.
British billionaire Richard Branson has signed a deal to acquire Rochelle Hotel and Mountain Vineyard, which would add to his luxury hotel collections.
Hapag-Lloyd AG has agreed to buy Cia. Sud Americana de Vapores SA in a deal that would create the fourth biggest shipping firm in the world.
Lighthouse Funds has purchased 12.5 percent in Bikaji Foods International in a deal valued INR90 million, reported Economic Times.
Tencent Holdings would launch the Chinese version of Candy Crush Saga through a partnership with King Digital Entertainment.
Google Inc. has acquired Titan Aerospace without disclosing financial information regarding the deal, reported Ventures Africa.
Diageo Plc expressed its interest in acquiring 29 percent United Spirits stake, reported ET. Diageo Plc expressed interest in getting a strong grip in United Spirits as it looks in expanding into international operations in the biggest whiskey market in the world.
