Two months after one of the worst ransomware attack in history was conducted via WannaCry, a newer, more dangerous version is out in the wild. Security researchers have called it Petya, and it’s even more devastating than WannaCry.Petya has some of the same characteristics of WannaCry, including using the notorious EternalBlue exploit for Windows. The only difference with Petya is that, according to one well-known security researcher, it is currently spreading over local networks. This threat of a more advanced WannaCry"...

The President of the Africa Development Bank (AfDB) and Nigeria’s former Minister of Agriculture and Rural Development, Dr. Akinwunmi Adesina, has emerged the winner of the prestigious World Food Prize, 2017 award.

The award was announced Monday in Washington D.C. by the World Food Prize Foundation in recognition of Adesina’s achievements in the agriculture sector and for driving change in African agriculture for over 25 years and improving"...

(ME NewsWire)-- Savage Saudi Arabia (Savage) has entered into an agreement with Saudi Aramco, the world’s top exporter of crude oil and natural gas liquids, to operate one of the first industrial rail switching facilities in the Kingdom of Saudi Arabia. The rail operations will support Saudi Aramco’s Wasit and Berri natural gas plants, located near the Jubail area in the Eastern Province of Saudi Arabia.

“We’re"...

Minister of International Cooperation, Ambassador Adris Suliman, met today with the Resident Representative of the African Development Bank in Khartoum, Abdoul Kamara.
The meeting reviewed projects and programs financed by the Bank in Sudan, including water, health, education, the capacity building of public finance and macroeconomics, women empowerment, and the projects of combating drought and the provision of livelihoods. Particularly in the states of Kordofan, the Blue Nile and Darfur, in addition to the financing"...

(ME NewsWire)-- Schlumberger Limited (NYSE: SLB) (“Schlumberger”) has been notified of an unsolicited “mini-tender” offer by TRC Capital Corporation (“TRC Capital”) to purchase up to 2 million shares of Schlumberger common stock, representing approximately 0.14 percent of Schlumberger’s shares of common stock outstanding. TRC Capital’s offer price of $65.63 per share is approximately 4.3 percent below the closing price per share of"...

A survey conducted by Kaspersky lab has revealed that 24% of banks worldwide struggle with the identification of their customers when delivering digital and online banking services. According to the Financial Institutions Security Risks survey, 59% of banks anticipate growing financial losses due to fraud in the next three years, the verification of a user’s identity should be taking central stage in the cybersecurity strategies of financial"...

With a target capitalisation of $150 million, the Fund will provide growth capital and capacity building to inclusive financial institutions such as Small Business Banks (SBBs), microfinance institutions (MFIs), insurance providers, leasing companies, housing finance companies and financial technology providers.

ShoreCap III will focus exclusively on Sub-Saharan Africa (SSA), and intends to invest in 15 financial institutions with an average ticket"...

(ME NewsWire)- Leading aviation company GA Telesis, LLC (or the “Company”) announced the closing of a new five year, $225 million ABL credit facility led by HSBC Securities USA and Fifth Third Bank as Joint Lead Arrangers. The company originally sought a new $200 million facility. Due to overwhelming interest from existing and new banks, however, the company upsized the facility with better terms than its previous credit facility.

The"...

(ME NewsWire)-- Triton Aviation Finance, a Delaware statutory trust (“TAF”), announced today that it has filed a petition with the Court of Chancery of the State of Delaware (the “Chancery Court”), Case Number 2017-0454, in which it has requested, among other things, that the Chancery Court, after notice and a hearing, enter an order that provides for the orderly resolution and final accounting of TAF’s liabilities pursuant to a proposed plan of resolution."...