Cummins Inc. (NYSE: CMI) announced today that President and COO, Rich Freeland will retire after forty years of service with Cummins.

As part of Cummins’ successions plans, the following leadership appointments are also taking place, all of which are effective October 15.

• Distribution President Tony Satterthwaite will succeed Freeland as President and COO.
• Components President Tracy Embree will succeed Satterthwaite"...

Andersen Global announced it has signed a collaboration agreement with Chimwamurombe Legal Practice (Zenas) in Zimbabwe. Andersen Global has built a presence in over 14 African countries in just under two years.

Zenas was founded in 2015 and now has a team of 11 professionals who provide legal services to individuals, organizations, institutions and corporations. With a specialty of serving small to medium enterprises, they offer solutions in mining"...

BAI announced the finalists for the 2019 BAI Global Innovation Awards, the industry’s most prestigious awards program that celebrates transformative solutions in the financial services industry worldwide.

Now in its ninth year, the BAI Global Innovation Awards recognizes leading financial services organizations on a global scale. Through hundreds of applications, the Innovation"...

Slate Asset Management L.P. (Slate), a leading alternative asset management platform with a focus on real estate and real assets, today announced a passive, non-voting minority equity investment from Goldman Sachs Asset Management’s Petershill program, creating a strategic relationship with one of the world’s leading investment managers and positioning Slate for future success. The transaction will have no impact on the control or decision making of Slate. The day-to-day operations and management of Slate will"...

The Nigerian Stock Exchange (NSE) All-Share Index (ASE) fell below the 27,000 threshold to 26,925.29 last week following the free-fall the stock market has been experiencing.

The continued bear run pushed the NSE ASI down by 1.40 per cent, while market capitalisation shed N185.9 billion to close at N13.121 trillion last week in three days, due to a two-day holiday declared by the federal government of Nigeria to mark the Eid-El-Kabir celebrations.

Uganda is planning to raise the official protection cover for cash depositors from Ush3 million ($805) to Ush10 million ($2,682) in a fundamental move that promises a huge relief to citizens holding fat account balances in times of a bank collapse.

But this could raise contribution costs for financial institutions in an industry haunted by previous bank failures.

Deposit"...

An African payment gateway, Innovate 1 Pay has announced its entry into Dubai, United Arab Emirates (UAE), bringing easy and seamless money transfer and payment services to African expatriates in the region.

Innovate 1 Pay is licenced by the Central Bank of Nigeria (CBN) to provide services including international money transfers and wholesale foreign exchange management, as well as being the exclusive distributor of foreign currency to Bureau de"...

In line with its focus on enhancing sustainability and promoting Environmental, Social and Governance best practices among listed companies and other stakeholders, Dubai Financial Market (DFM) has successfully contributed to the improvement of corporate governance practices in the United Arab Emirates through its partnership with the Hawkamah Institute for Corporate Governance. In 2017, DFM and Hawkamah signed an agreement to collaborate towards corporate sector reform in Dubai and the UAE through improving governance practices"...

Good hygiene is an essential element for a long healthy life, and we must be vigilant at all times and in all settings to ensure we are taking good care of ourselves and our families. Fine Hygienic Holding, one of the world’s leading manufacturers of hygienic paper products, is stepping forward as a trusted ally in the battle for good hygiene, and is launching a bold new campaign to spread awareness about clean, healthy living.

Highlighting"...