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Siemans- Corruption to Cost Nigeria 37% of its GDP

Siemans, a multinational company operating in Nigeria, has said that if the public and private sectors in the country do not come together to fight the corruption which is plaguing Nigeria, it will cost the nation 37 percent of...

Sony Electronics $5-billion in the red – again

Japanese -based electronics manufacturer Sony announced that the company has suffered a record full-year loss of $5.7-billion, but have an aggressive strategy to recoup the losses. The company said that the majority of the loss of profit stemmed from...

Orascom Telecom reports second quarter loss

Egypt’s Orascom Telecom, the parent company of the second largest mobile operator Mobinil, reported a net loss of $58.5 million for the second quarter, despite an upsurge in the short-term revenues. Orascom Telecom was purchased by Russia’s Vimpelcom in March...

Telkom Kenya performing below expectations

Telkom Kenya, a state-run telecommunications operator, is about two years away from becoming a profitable telecoms company. Speaking at a recent press conference, France Telecom’s Vice-President in charge of East Africa Michel Barre says the company is looking at ways...
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TCS & Google Cloud Unveil New AI-Driven Cybersecurity Solutions

Tata Consultancy Services has expanded its partnership with Google Cloud, launching two new cybersecurity products. This increased collaboration between TCS...
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