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Private equity seeks pension funds boost to deepen local investment

NAIROBI, Kenya, Sept 2 – East African pension funds are emerging as a largely untapped source of long-term capital for businesses, with investment in private equity remaining well below regulatory…

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Apple’s New CEO Hypes Product Launch in First Employee Address

Apple’s new CEO previewed a “phenomenal” iPhone launch in his first comments to employees. John Ternus became Apple’s chief executive Monday (Sept. 1), and used part of his introductory memo to workers to tout the company’s annual September product showcase next week, Bloomberg News reported.

The Works secures heavyweight backing in activist investor row

The Works has secured the backing of a pair of heavyweight shareholder proxies in the discount retailer’s boardroom tussle with an influential activist investor. The stationary and crafts retailer has been locked in a row with Kelso, a London-listed investment firm, since the investor sought to force a director onto its board.

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