World Bank lays down CPF for next 6 years to support Rwanda’s strategic priorities

RWANDA – The World Bank Group Board of Executive Directors have discussed the Rwanda Country Partnership Framework (CPF) for the period 2021-26 to guide the Bank Group’s work for the next 6 years supporting the government’s strategic priorities as laid down in the National Strategy for Transformation. The new framework is developed from World Bank’s comprehensive analysis of opportunities for achieving poverty reduction and shared prosperity in Rwanda as well as the challenges that the country faces. The CPF also supports the recovery from the Covid-19 impacts. The framework also…

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Thai Conglomerate, CP Group buys Tesco’s Asian assets for US$10.6bn

ASIA – Tesco has accepted a US$10.6 billion bid for its Asian businesses from a consortium of companies controlled by Thai billionaire Dhanin Chearavanont. The deal, which remains subject to regulatory approval and Tesco Group shareholder approval, will be completed in the second half of this year, according to RLI. The price represents an earnings multiple of 12.5 times and marks a significant premium on analysts’ estimates of the business being worth about $9 billion.  The CP Group entities which will buy the assets – Tesco Lotus in Thailand and…

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