Ghana’s Finance Ministry will seek approval from lawmakers to sell the country’s third Eurobond and start a fund for infrastructure including power and transportation in West Africa’s second-biggest economy.
When Gbemiga Omotoso bought a Samsung tablet computer last year, he handed over his cash to a man in a van. There was nothing shady, though, about the transaction. It’s part of online retailer Jumia’s attempt to adapt to the unique challenges of selling in Nigeria.
Raymond Harbert, chief executive officer of Birmingham, Alabama-based Harbert Corporation, had a radical proposal for his father. It was 1992, and the company that had made his dad, John M. Harbert III, a billionaire was eking out small profits and was $300 million in debt. Raymond proposed selling the core construction business, which dated back to the company’s 1946 founding. The elder Harbert threw his son out of his office, an associate recalls.
Lisbon’s red suspension bridge appears to be a clone of San Francisco’s majestic Golden Gate, and both cities are spread over hills linked by cable cars. If the mayor of Portugal’s capital has his way, the similarities will extend to a ferocious pace of technological innovation.
Kathryn Wasserman Davis, a globetrotting philanthropist who provided the startup funds that her husband, Shelby Cullom Davis, used to become one of America’s most successful investors, has died. She was 106.