by globalpro | Nov 18, 2019 | Finance
Fishrot files lead to head of Samherji fishing company and Namibian ministers stepping downTwo Namibian government ministers have resigned and the boss of Icelands biggest fishing company has stepped aside amid a spiralling scandal over alleged bribes paid to...
by globalpro | Nov 13, 2019 | Finance
Nigerian digital payments firm Interswitch confirmed today it has reached unicorn status after Visa acquired a minority equity stake in the firm. “The investment makes Interswitch one of the most valuable African fintech businesses with a valuation of $1...
by globalpro | Oct 30, 2019 | Finance
Kenya’s Twiga Foods has raised a total of $30 million from lenders and investors led by Goldman Sachs. The B2B food distribution company financed $6.25 million of the funding in convertible debt and $23.75 million in equity, classified as a Series B round. IFC,...
by globalpro | Sep 5, 2019 | Travel
Egypts vast, much-delayed museum is scheduled to open in 2020. But while Tutankhamuns treasures are being readied for tourists, some critics see the building as a vanity projectIn the vast, shade-dappled atrium of Egypts new Grand Egyptian Museum, construction work...
by globalpro | Aug 13, 2019 | Business
Chinese mobile-phone and gadget maker will note in an on Shanghai’s STAR Market h. The business — which has a robust Africa sales network — might raise as much as 3 billion yuan (or $426 million). “The business’s listing-related work is...
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