German Development Bank Partners with Allianz Global to Offer $188 Million for African Ventures
The German development bank KfW has partnered with Allianz Global to launch a fund worth $188 million to help finance startups and SMEs. The fund, dubbed AfricaGrow, will finance 150 [...]
Uber Loses Its London Operational License
Uber has lost its London operational license after Transport for London (TfL) refused to renew its two-month temporary license that had been issued in September. While denying Uber an operational [...]China's $2 Billion Deal with Ghana Lacks Transparency
The Chinese government recently funded a road construction project in Ghana. It is part of a $2 billion infrastructure deal that will give Beijing access to Ghana's reserves of Bauxite, [...]South-East Asia Payments Platform 2C2P Raises $52 Million in Funding
South-East Asia Payments Platform, 2C2P, has secured $52 million in funding. Investors who raised the funds include International Finance Corporation (IFC), Cento Ventures, and Arbor Ventures. According to the firm, [...]Bank of China Issues $4.27 Billion of Tier-2 Capital Bonds
The Bank of China has issued $4.27 billion of tier-2 capital bonds. This is the second batch it is issuing after the issuance of the first batch of capital bonds [...]Indian Fintech Firm Paytm Raises $1 Billion in Series G Funding
Paytm, India's financial services firm, has secured $1 billion in its series G funding. Investors who took place in the Equity funding include Ant Financials and SoftBank Vision Fund who [...]European Union to Invest KSh2.8 Billion in Kenyan Businesses
The European Union (EU) has promised to invest KSh2.8 billion in Kenyan businesses. According to EU representative to Kenya, Ambassador Simon Mordue, the funding will be limited to businesses whose [...]Airbnb Signs $500 Million Olympic Sponsorship Deal
Airbnb has signed a sponsorship deal with the International Olympic Committee (IOC) ahead of its Initial Public offering (IPO) that is scheduled for 2020. According to Forbes, the deal is [...]Uber's Chief Product Officer Resigns
UberInc.'s Chief Product Officer, Manik Gupta, has resigned from the position. His last day in office will be on 13th December 2019. In his note to Uber’s product team, Gupta [...]Morgan Stanley Forecast Global Growth Recovery in 2020
Morgan Stanley has recently given a global growth forecast. The firm forecasts that the global growth will recover from the first quarter of 2020 onwards. The forecast is attributed to [...]Airbus Secures $30 Billion in New Orders for Planes
Airbushas secured $30 billion in new orders for planes from airlines based in the United Arab Emirates. This happened at the ongoing Dubai Airshow. Emirates Airline ordered 50 A350s from [...]European Investment Bank Stops Funding Fossil Fuel Projects
The European Investment Bank (EIB) has revealed plans to stop the funding of oil, gas and coal projects. This will take effect at the end of 2021. If this is [...]
