Tag: business deals

Check out Russia’s first Bitcoin arrest

Police in Russia arrested three men last week, charging them with illegally trading 500 million rubles (around $9 million) worth of bitcoin, the first criminal case against bitcoin sales in the country, Vedomosti reported. The arrests in Kostroma, 260 miles northeast of Moscow, demonstrate the government’s desire to crack down on money laundering, presenting a challenge to a country that […]

Business & Economy Features & Reports

Nigeria: Allianz Group to buy Ensure Insurance Plc

Allianz Group reported an authoritative consent to procure 98 percent of Nigerian insurer Ensure Insurance Plc. from its main investor Greenoaks Global Holdings Ltd. (GGH). Guarantee Insurance Plc. offers life and non-life coverage benefits and created 11 million euros in net premiums written in 2016. Allianz Group sees Africa as one of the critical future […]

Business & Economy

Ocean Islands/ East Africa combine to tackle illegal fishing

Countries from the Indian Ocean Islands and East Africa have come together to develop strategies to tackle illegal fishing and increase accountability in fisheries practices. For two days, representatives from the fishing industry, civil society, governments and fishing administrations from Seychelles, Mauritius, Comoros, Madagascar, Tanzania, Kenya and Mozambique, met on Mahe Island, Seychelles, to discuss […]

Lifestyle News

Nigeria: Flutterwave secures over USD10 million grant

Nigerian owned and San Francisco based payment startup Flutterwave has announced it secured over USD10 million from Greycroft Partners and Green Visor. The company that provides a payment platform that makes it easier for banks and businesses to process payments in local currencies across the African continent said the new capital will be used to […]

Features & Reports