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Nigeria's Dangote plans to build USD 400 million cement plant in Kenya- Kenyatta

President Uhuru Kenyatta's office said Africa's richest man Aliko Dangote would invest in a USD 400 million cement factory in Kenya.


BoostCTR raises USD8 million, hires new CTO

Startup firm BoostCTR had announced it had raised USD8 million in Series B funding and hired a new CTO for the firm.

Keval Shah resigns from Citigroup

Keval Shah had announced resignation from the company as its co-head of FIG syndicate and would take a post at Lloyds Bank.

Ford CEO says he would remain in the company at least through 2014

Ford CEO Alan Mulally said he would remain as the company's head at least through 2014 following reports that Microsoft Corp. had recruited him.


Latest News

Mark Thompson of NY Times accused BBC chief Chris Patten of misleading the British Parliament after large payments for the broadcaster's staff were made after they departed the firm.
Natalie Gordon, a shareholder at Verizon Communications filed a lawsuit against the company claiming that the deal with Vodafone Group Plc was overpriced.
Anthony Weiner, the NYC mayoralty candidate, got into a heated verbal exchange with a member of the Jewish community.
Manning led the Broncos to victory in the opening game of the National Football League with seven touch down passes.
The Head of the Central Bank of China said the country had measures to cope with the expected pullback of the US monetary stimulus.
Russia's richest man, Alisher Usmanov, said that he had decided to reduce his Facebook holdings by selling 14.2 million shares.
Yahoo Inc. recently unveiled its brand new logo, and CEO Marissa Meyer helped with the design over a summer weekend.
Prominent exchange-traded funds (ETF) market desk keeper Reggie Browne and at least two senior managers would be leaving KCG Holdings Inc.
Goldman Sachs Group Inc. co-heads Richard Gnodde, David Solomon and John Weinberg announced the appointment of Stuart Berstein as head of the investment banking firm's venture capital client group.
HSBC Holdings had appointed former Marks & Spencer CEO Stuart Rose for an advisory role in the company.