Botswana grants Tlou Energy licence for coal-bed methane project
Businessam Staff
August 21, 2017
Botswana has granted Tlou Energy a mining licence for its Lesedi coal-bed methane (CBM) project, Tony Gilby, the company’s Managing Director said Monday. The grant paves way for what would be the Southern African nation’s first gas-to-power plant. “The awarding of the mining licence by the ministry is a major milestone for the company. “Furthermore, […]
Nigeria Access Bank rewards customers in family fortune promo
Businessam StaffAugust 18, 2017
Nigeria Access Bank has rewarded 120 of its loyal customers in its family fortune promo – Save Today, Take Tomorrow – instituted to stimulate a saving culture in the family and among Nigerians. The promo which equally promotes financial inclusion had 50 customers rewarded with DSTV decoders; 30 getting N50,000 worth of shopping vouchers; 20 […]
Lenovo posts surprise loss as PC sales crater, costs climb
Businessam StaffAugust 18, 2017
Lenovo Group Ltd. posted a surprise quarterly loss after losing its grip on the global personal computer market, while its smartphone unit continues to bleed money. China’s largest PC maker reported a net loss of $72 million in the three months ended June — its first in six quarters and well below projections for income […]
Unilever $6bn spreads business auction gets hotter as Singaporean fund backs KKR bid
Businessam StaffAugust 17, 2017
Competition over Unilever’s spreads business is hotting up as Singapore’s wealth fund has entered the fray. The Sinagaporean state’s Government Investment Corporation (GIC) has agreed to back KKR, one of the world’s biggest buyout firms, in its bid for the operation according to Sky News monitored by City A.M. Unilever’s spreads include some of the […]
Wal-Mart’s comparable sales rise for 12th straight quarter
Businessam StaffAugust 17, 2017
Wal-Mart Stores Inc reported its 12th consecutive rise in quarterly comparable sales Thursday, driven by an increase in the number of shoppers who visited stores and made purchases online. Sales at U.S. stores open at least a year rose 1.8 percent, excluding fuel, in the second quarter ended on July 31. Analysts polled by research […]
DHL to deploy electric vans in major cities by 2018
Businessam StaffAugust 16, 2017
Deutsche Post DHL Group is planning to deploy 2,500 new electric vans on the street of major cities by the end of next year, it has emerged. The plan follows the production and unveiling by both DHL and Ford Motor Corporation, the United States vehicle producer, of a jointly manufactured electric delivery van. There is […]
Germany’s Aldi takes on Amazon in food delivery fight
Businessam StaffAugust 16, 2017
Germany’s Aldi is stepping up the fight for a share of the U.S. grocery market with a new express delivery service. Aldi, which already operates nearly 1,700 stores in America, said it is partnering with San Francisco’s Instacart to deliver groceries in Los Angeles, Atlanta and Dallas. It’s promising to fulfill online orders in as little as […]
$500bn global shipping industry embraces consolidation as firms get bigger
Businessam StaffAugust 16, 2017
The $500 billion world’s shipping industry appears to be rising well from the ashes of the sector’s worst-ever crisis a year ago with a consolidation mission that is seeing operators determined to get bigger and bigger, according to information from a Bloomberg report seen by Businesamlive. Container ships used in the transportation of sneakers, bananas, […]
Air Berlin files for insolvency, Lufthansa waits in the wings
Businessam StaffAugust 15, 2017
Air Berlin Plc filed for insolvency after leading shareholder Etihad Airways PJSC withdrew its financial support, marking the second failure of a major European airline in four months after the Persian Gulf carrier pulled the plug on funding Italy’s Alitalia SpA in May. The insolvency comes as thousands of Germans are enjoying their summer holidays and just ahead of […]
Uber improves conditions for British drivers, adds tips
Businessam StaffAugust 14, 2017
Taxi app Uber will improve conditions for its British drivers with changes including in-app tipping, after criticism from lawmakers and unions for not giving them more rights. Drivers for Uber, food courier Deliveroo and other apps tend to work for a number of firms without a fixed contract in what has become known as the […]