PARIS: Perenco, an independent hydrocarbon producer, has become a Silver Sponsor for the Invest in African Energy (IAE) forum, underscoring its dedication to Africa’s oil and gas potential. The company, with a presence in multiple African nations, is at the forefront of the continent’s energy development, notably in Gabon with its $1-billion Cap Lopez LNG…
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Suzano Ventures invests in Bioform Technologies
Suzano Ventures, the corporate venture capital arm of Suzano, the world’s largest market pulp producer, has made a strategic investment into the Canadian materials science startup, Bioform Technologies. The investment provides up to US$5 million towards the company’s seed round, enabling it to accelerate the development of its novel bio-based plastic alternatives. The products can…
Sibelco has acquired Strategic Materials Inc. in North America
Sibelco, a global leader in material solutions and the top glass recycler in Europe, has announced the acquisition of Strategic Materials, Inc. (SMI), North America’s premier glass recycling company. SMI boasts a vast network across the United States, Canada, and Mexico, processing a diverse range of glass materials to produce cullet for various industries. This…
Culinary Markets: What Financial News Tells Us About Food Trends
In the intricate dance of supply and demand, few sectors reflect the rhythm of innovation and taste as vividly as the culinary markets. Yet, it’s not just the chefs and food critics who sway the direction of our dining habits; the stock market plays a pivotal role in shaping what appears on our plates. This…
The AI revolution in personal computing: Navigating the new landscape
The advent of artificial intelligence (AI) is reshaping the personal computer (PC) industry, with tech giants like Apple and NVIDIA already dominating the creative and gaming sectors. This shift leaves significant room for growth in the enterprise and developer markets, as highlighted in a recent report by Omdia. According to Omdia’s study, “AI PCs: An…
LaPhair Capital Partners has acquired Kinexx Modular Construction
LaPhair Capital Partners, an innovation focused, early-stage investment firm today announced the acquisition of Kinexx Modular Construction, a pioneer in modular building solutions. This strategic acquisition marks a significant milestone in LaPhair Capital Partners’ mission to advance innovation in urban areas and to expand on its commitment to increasing economic opportunity in underserved markets. Kinexx…
Cryptocurrencies: Strong setback ahead of Bitcoin Halving on April 20, 2024
The cryptocurrency world is abuzz with anticipation as we approach a pivotal moment in the life cycle of Bitcoin—the halving event. This Saturday, the Bitcoin community will witness a phenomenon that could potentially reshape the market dynamics of the world’s first decentralized digital currency. The Bitcoin Halving Event: A Primer At its core, the Bitcoin…
RMB invests in climate-aligned infrastructure fund for Africa
Rand Merchant Bank (RMB), a prominent African corporate and investment bank, has made a strategic investment in the Acre Export Finance Fund I. This fund is dedicated to supporting climate-aligned infrastructure projects across Africa by targeting commercial debt tranches of Export Credit Agency (ECA) transactions. The fund celebrated its initial closing on April 17th, securing…
Proemion Holding GmbH agrees to buy TrendMiner NV from Software AG
Proemion Holding GmbH, a global provider of advanced data and analytics technologies for mobile industrial assets, announces an agreement to acquire TrendMiner NV, an industrial analytics company, from Software AG. The spin-out and acquisition of Belgium-based TrendMiner will significantly expand Proemion’s analytics capabilities for critical industrial equipment, helping equipment manufacturers and operators to remotely and…
LSI Industries has bought EMI Industries for $50 million
LSI Industries Inc. (NASDAQ: LYTS), a prominent manufacturer of commercial lighting and displays in the U.S., has officially announced its acquisition of the privately-owned EMI Industries for a cash transaction valued at $50 million. This acquisition enhances LSI’s capabilities in the display solutions sector, particularly within the grocery, convenience store, and restaurant markets. EMI Industries,…
Nestlé appoints Guillaume Le Cunff as new CEO Zone Europe, Settembri retires
After more than three decades of service, Marco Settembri, the Executive Vice President and Chief Executive Officer of Nestlé’s Zone Europe, is set to retire on June 30, 2024. Settembri, who joined Nestlé Italy in 1987, has been instrumental in steering the company to new heights. Under his leadership, Purina PetCare became one of the…
CareMetx has acquired PX Technology
CareMetx, a leading technology-enabled hub services platform facilitating patient access to specialty medications, has acquired PX Technology, a pioneer in digitizing healthcare processes. Through the acquisition, CareMetx aims to reshape the landscape of specialty medication access and transform patient care with the fusion of its comprehensive patient support services with PX Technology’s innovative digital access…