TotalEnergies acquires the largest electric vehicle charge points network in Singapore

WORLD – Broad energy company TotalEnergies, has agreed to buy Singapore’s largest electric vehicle charging network from fellow French firm Bollore Group. Upon the approval of the relevant authorities, TotalEnergies will manage and operate the largest electric vehicle charging network in Singapore, with more than 1,500 charge points installed in the city-state. This urban charging network represents around 85% of the charge points currently under operation in Singapore, access to electric vehicles owners as well as the car-sharing solution BlueSG. Singapore is aiming to phase out all internal combustion engine…

Read More

US solar company SunPower to splits into two business units to enhance efficiency

UNITED STATES – U.S. solar company, SunPower has revealed that it will split into two publicly traded companies, separating most of its solar panel manufacturing operations from storage and energy services. The announcement resulted in a spike in the company’s share value sending its shares up as much as 15%. The move according to a Reuters report was intended to boost value in SunPower shares, which have been trading at the same level they were at two years ago. Pavel Molchanov, who is an analyst at Raymond James however said…

Read More

US banking giant JPMorgan targets Asia’s billionaires with Singapore trust company

SINGAPORE – American multinational investment bank and financial services holding company JPMorgan Chase & Co. has set up a trust company in Singapore. The trust company is JP Morgan’s first in Asia, and it is going to cater for a growing cadre of ultra-wealthy individuals in the region. The move by the U.S. banking giant, comes amid a boom in family offices, or private investment vehicles, in Hong Kong and Singapore. “Many of our Asian clients will likely migrate their trusts from the Bahamas to Asia,” Kam Shing Kwang, CEO…

Read More

Singapore-domiciled credit rating fintech company CredoLab launches in Kenya

KENYA – Singapore based alternative credit scoring fintech company, CredoLab, has officially launched in Kenya to push financial inclusion by providing credit scoring. The company aims to drive financial inclusion by credit scoring more people, especially those who are currently unbanked and are new to credit. CredoLab has announced that it is in negotiations with large financial institutions, digital banks, credit bureaus, consumer lenders and retail operations in Kenya. The firm had in July this year announced its plans to expand its operations to Sub-Saharan Africa’s fintech market with the…

Read More

Singapore companies unveil plans of investing in Nigeria’s oil sector

NIGERIA – At least 12 companies from Singapore have expressed interest to explore the Nigerian oil and gas industry. The companies under the aegis of Enterprise Singapore have also expressed to venture into other sectors of the economy. Enterprise Singapore collaborates with investment promotion councils, chambers of commerce and local consultants to connect indigenous businesses with relevant Singapore companies for their business expansion. Plans have already been kick started by the Singaporean companies to determine the best strategy to penetrate the industry which is one of the largest in Sub-Saharan…

Read More