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Will GIC rates keep going up in 2024? + MORE Dec 22nd
As Canadians are painfully aware, Canada’s inflation has stubbornly persisted above the Bank of Canada’s (BoC) target rate of 2%. In response, the BoC has repeatedly raised the benchmark interest rate—which sets the pace for banks’ prime rates—since early 2022. While no one can predict wit.... More »
10 shared traits of value investors Jan 28th
Image by Jake Rustenhoven
The truly great value investors are often copied, but their results are rarely duplicated. Do you have what it takes to be a successful value investor?
It’s a simple question, but Michael van Biema, the founder and chief investment officer of van Biema Value Partn.... More »
Finding the right cover + MORE Jun 2nd
(Illustration by Taryn Gee)
When finance professor Moshe Milevsky teaches insurance to a new group of students, he shows the class a picture of two people, a 30-year-old and a 70-year-old, then asks: “Who needs more life insurance?” The near-term chance of dying is higher for the 70-year-old so,.... More »
Wealthsimple-X deal sparks investor risk concerns + MORE Apr 20th
A new partnership Wealthsimple has struck with social media platform X could greatly expand the finance company’s reach—but some critics are raising concerns about the risks for investors.
Through the partnership launched this week, Wealthsimple customers who have its app on their p.... More »
Building a TFSA doesn’t have to be complicated + MORE Aug 21st
Rick
AGE: 31
PLACE: Toronto
TFSA TOTAL: $23,000
STRATEGY: A couch potato portfolio (minus the fixed income allocation)
Me and my TFSA
Rick is a 31-year-old police officer in Toronto. He has spent the last two years getting his financial house in order by paying off $50,000 in debt (mostly .... More »
Coke takes minority stake in Nigerian drink, snack maker
– canadianbusiness.com
NEW YORK, N.Y. – Coca-Cola says it has taken a 40 per cent stake in Nigerian company that makes snacks and dairy and juice drinks.
The world’s biggest beverage maker says the agreement will allow it to increase its ownership of Chi Ltd to 100 per cent within three years, pending regulatory approvals. Coke and Chi’s parent company, Tropical General Investments Group, have also agreed to explore other opportunities in the region.
Financial terms of the deal were not disclosed.
The companies say the deal will strengthen Chi by giving it access to Coke’s distribution and production capabilities.
The deal is part of Coca-Cola Co.’s plans to boost investment in Africa to $17 billion between 2010 and 2020. That is roughly three times as much as the company’s investment in the continent in the previous decade.
The post Coke takes minority stake in Nigerian drink, snack maker appeared first on Canadian Business – Your Source For Business News.
The world’s biggest beverage maker says the agreement will allow it to increase its ownership of Chi Ltd to 100 per cent within three years, pending regulatory approvals. Coke and Chi’s parent company, Tropical General Investments Group, have also agreed to explore other opportunities in the region.
Financial terms of the deal were not disclosed.
The companies say the deal will strengthen Chi by giving it access to Coke’s distribution and production capabilities.
The deal is part of Coca-Cola Co.’s plans to boost investment in Africa to $17 billion between 2010 and 2020. That is roughly three times as much as the company’s investment in the continent in the previous decade.
The post Coke takes minority stake in Nigerian drink, snack maker appeared first on Canadian Business – Your Source For Business News.
