investments

Increased access to finance solutions to help Vietnamese MSMEs take advantage of increasing foreign trade volume

November 12, 2019

VIETNAM— Vietnam’s foreign trade volume has increased in recent years, with free-trade agreements opening up new market opportunities for local businesses. However, lack of working capital and transaction banking services such as supply chain finance (SCF) partially hinders producers and suppliers from accepting large orders or developing new relationships with their value chain actors. As […]

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IFC’s inaugural Bangladeshi Taka ‘Bangla’ Bond raises US$9.5m to Support Private Sector Development

November 12, 2019

BANGLADESH—IFC, the largest global development institution focused on the private sector in emerging markets, has issued its inaugural bond in Bangladeshi Taka, raising 800 million BDT (about US$9.5 million) to support private sector development. IFC revealed in a statement that the funds will be used to expand operations and distribution for PRAN Group, one of […]

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Adidas to close German, U.S. robot factories, says deploying tech in Asia would be more economical and flexible

November 11, 2019

GERMANY – Adidas has announced plans to close the high-tech “robot” factories in Germany and the United States it launched to bring production closer to customers. The sportwear manufacturer said in November that deploying some of the technology in these factories in Asia would be “more economic and flexible”. The Adidas factories were part of […]

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Nigeria opens economy to foreign investment, says no limits to foreign participation

November 11, 2019

NIGERIA – Nigeria’s Vice-President Yemi Osinbajo has said foreign investors had nothing to worry about as there were no laws limiting foreign participation and investment in any sector of the economy. While speaking during the 2019 FMDQ Capital Market Conference in Lagos, Osinbajo said that though there are no limits to investing, the Federal Government […]

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Nigerian banks attract US$4.74bn foreign investments in six months

November 11, 2019

NIGERIA – Data obtained from the National Bureau of statistics showed that the amount of investment attracted by 22 banks accounted for 33.16 per cent of the total amount of foreign investment recorded in the first half of the year, which stood at US$14.31 billion. In the first quarter of the year, the total value […]

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IFC opens office in Angola to support private sector growth and economic diversification

November 11, 2019

ANGOLA — International Finance Corporation (IFC), a member of the World Bank Group, has opened an office in Angola to deepen its support for private sector development and economic diversification the country. IFC said in a statement that the new office, located in Luanda, will allow it to work more closely with the public and […]

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Dangote Group expands portfolio in Togo with US$2bn phosphate mining deal and US$60m cement facility

November 10, 2019

TOGO – Dangote Industries Limited and the Government of Togo have concluded an agreement to develop and transform Togolese phosphate into phosphate fertilizers for the West African sub-region; in a bid to improve consumption of the product in Africa. President/CE Dangote Group, Aliko Dangote said, ‘’This partnership is in line with our transformation agenda in […]

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Alibaba partners with Russia’s Pochta to launch first direct China-Russia cargo flights to cut delivery times

November 10, 2019

RUSSIA – Alibaba Group’s logistics operator, Cainiao and Russia’s Pochta postal service have launched their first direct China-Russia cargo flights to deliver AliExpress goods purchased online by Russians, AliExpress Russia has revealed. The move, which AliExpress Russia hopes will help it cut the time it takes to deliver orders from China to Russia to 10 […]

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Popular music artist Drake partners with Canopy Growth to launch marijuana venture in Canada

November 10, 2019

CANADA – Canadian born and multi-Grammy award winner Drake has partnered with Canada’s largest producer of marijuana to launch a fully-licensed cannabis joint venture in Toronto. The joint venture which will be known as More Life Growth Co will focus on the production and distribution of Marijuana, the two sides revealed in November this year. […]

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US department store chain Sears secures US$250m loan to fund operations, plans to close 96 more stores to cut costs

November 8, 2019

UNITED STATES– US department store chain, Sears has secured a US$250 million loan from lenders including billionaire owner Eddie Lampert to enable it to fund its operations.  The retail store chain that has been accumulating losses for a while now also revealed that it will close 98 additional stores to cut on costs and hopefully […]

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