By David French
(Reuters) - Bain Capital is picking up a minority stake worth $250 million in business services firm Sikich, which is planning to deploy the investment to finance its expansion plans, the companies said on Thursday.
The private equity firm is the first outside investor at Chicago-based Sikich, which was founded in 1982. The $250 million is structured as preferred equity, the firms told Reuters.
Sikich Chief... (continue reading...)
ABUJA (Reuters) - The International Monetary Fund on Thursday maintained its growth forecast of 3.3% for Nigeria's economy for 2024, up from 2.9% last year, citing a pick up in services and trade sectors.
It added that outlook for growth was still challenging in Africa's most populous nation and top oil producer, with food price inflation which reached 40% in March, raising food security concern.
"If Nigeria grows at 3.3% that is just... (continue reading...)
By Yuliia Dysa
KYIV (Reuters) - Ukrainian President Volodymyr Zelenskiy replaced the commander of his special forces on Thursday, the second time in half a year that he has changed the head of the unit which operates in Moscow-occupied territories.
The dismissal of Colonel Serhiy Lupanchuk and appointment of Brigadier General Oleksandr Trepak in his place was announced in two decrees on the president's website that provided no explanation... (continue reading...)
JERUSALEM (Reuters) -Defence Minister Yoav Gallant told Israel's "enemies and friends" on Wednesday that it would do whatever necessary to achieve its war aims in Gaza and the north, in an apparent response to U.S. pressure to halt its operation in Rafah.
The comments, at a ceremony to commemorate Israel's war dead, followed U.S. President Joe Biden's warning that the United States would halt weapons supplies if Israel moved into Rafah, the southern Gaza... (continue reading...)
By Nidal al-Mughrabi and Mohammad Salem
CAIRO/GAZA (Reuters) - As Israeli forces mass on the outskirts of the southern Gaza city of Rafah, Palestinians fear another "Nakba", when 700,000 of them were permanently driven from their homes at the creation of Israel in 1948.
Many people in Rafah, where over one million have been sheltering as Israel pounds the Gaza Strip in its war with Hamas, have been displaced several times over as the... (continue reading...)
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