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Ikeja Hotel appoints new directors

The changes were made by the company's majority shareholders, OMA Investments Limited and Otudeko/Honeywell Group ....

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S.A's Standard Bank eyes higher share in Angolan branch

(Ecofin Agency) - Financial group, Standard Bank which owns 51% of the capital of its Angolan subsidiary, plans to increase its share in the company. The South African group wants to acquire the share of Angolan businessman, Carlos São Vicente who has been deprived of its assets (49% interest in Standard Bank Angola) in a fraud affair.
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Over the last two years, we have increased our stake in our subsidiaries in Kenya and Nigeria. If the opportunity arises in Angola as well, we will do so. Standard Bank will continue to look for more business in sub-Saharan Africa, where the International Monetary Fund is forecasting economic growth of 3.2% this year,” said Sola David-Borha (pictured), CEO of Africa Regions at the Standard Bank Group. ....

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