Nestle Stakes $7.1b For Starbucks Coffee

Nestle Stakes $7.1b For Starbucks Coffee

Nestle has announced that it will pay Starbucks $7.1billion  (£5.2bn) to sell the company’s coffee products. The Swiss giant, which boasts Nescafe and Nespresso amongst its brands, will have the right to market Starbucks’ coffee in retail outlets outside the...
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7UP shareholders approve Affelka’s acquisition of 26.8 per cent stake

7UP shareholders approve Affelka’s acquisition of 26.8 per cent stake

Seven-Up Bottling Company Plc shareholders on Thursday approved the Scheme of Arrangement for the acquisition of 26.8 per cent shares by Affelka South Africa.  The shareholders gave the approval at the Court-Ordered meeting convened at the instance of the Fed...
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Stakeholders oppose amendment to NIMASA act, 1 % contribution to Navy

Stakeholders oppose amendment to NIMASA act, 1 % contribution to Navy

Stakeholders in the Nigerian maritime industry have opposed moves to amend the Nigerian Maritime Administration and Safety (NIMASA) Act to pave way for 1% contribution of its revenue to the Nigerian Navy.     A statement issued by NIMASA’s head,...
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