BUSINESS NEWS
The EBRD invested 19.2 million euros in green bonds of the Moroccan Railway Company
The European Bank for Reconstruction and Development EBRD has announced that it has invested €19.2 million MAD 200 million in the issuance of green
The European Bank for Reconstruction and Development EBRD has announced that it has invested €19.2 million MAD 200 million in the issuance of green bonds by the Moroccan state railway company, Office National des Chemins de Fer du Maroc ONCF . The rail operators EUR 95 million MAD 1 billion certified green bond investment will be used to refinance the debt used to build the countrys highspeed electric railway. The EBRD will be the only international bond investor that meets the secondparty opinionand Climate Bonds Standard Board certification criteria for lowcarbon land transport. This highspeed electric passenger route made it possible to significantly reduce train travel times between Tangier and the main economic center of Casablanca. B2B Tech News | 2 years ago
Yes banks shares rose nearly 6% in early trading.
Yes Bank shares rose nearly 6% on Monday morning after private equity firms Carlyle and Advent International announced a $1.15 billion investment in t
Yes Bank shares rose nearly 6% on Monday morning after private equity firms Carlyle and Advent International announced a $1.15 billion investment in the lender. On the BSE, the stock rose 5.75% to 15.80 rupees. After more than three years of fundraising trials and tribulations, Yes Bank on Friday announced a $1.15 billion about 890 billion rupees investment from Carlyle and Advent International. Each global PE fund would hold a 10% stake in the private sector lender, which had to be bailed out by the RBI and governmentled restructuring plans after management heard the bank lacked capital reserves. to investors. B2B Tech News | 2 years ago
Chinese companies are flocking to Switzerland to raise funds from the new share quotas
The top four Chinese companies went public on July 28 through a new equity program with Switzerland. The companies have raised about $1.5 billion. Chi
The top four Chinese companies went public on July 28 through a new equity program with Switzerland. The companies have raised about $1.5 billion. Chinas securities regulator has approved the new public offering within weeks. The approval process for other stock offers can take several to six months. New regulations on user privacy and national security increase your chances of listing abroad. Failure to reach a control agreement with the United States puts many Chinese companies at risk of delisting from the New York Stock Exchange. A client considering an IPO in Hong Kong has decided to prioritize listing DDR in Switzerland, Wang said. B2B Tech News | 2 years ago
Korea boosts export growth, reflecting global recovery
Overseas shipments rose 9.4% from last year, below the 10% growth rate expected. According to the data, shipments of semiconductors rose 2.1 percent,
Overseas shipments rose 9.4% from last year, below the 10% growth rate expected. According to the data, shipments of semiconductors rose 2.1 percent, while exports to China fell 2.5%. Sales to the United States rose 14.6%, reaching $10 billion for the first time in history. Koreas trade data is a leading indicator of global economic activity. Concerns about the global outlook weighed heavily on Korean exporters. Exports to the United States rose for the second consecutive year, while exports to the Association of Southeast Asian Nations ASEAN and India rose for the 17th consecutive month. B2B Tech News | 2 years ago
CBK orders banks to close unauthorized Flutterwave and Chipper Cash accounts
Kenyas Central Bank of Kenya CBK has said that Chipper Cash and Flutterwave were not licensed to operate in the East African country. regulators have
Kenyas Central Bank of Kenya CBK has said that Chipper Cash and Flutterwave were not licensed to operate in the East African country. regulators have ordered all financial institutions to stop trading with the two fintech companies. The lenders are to report back to CBK within seven days. The Central Bank of Kenya CBK has ordered banks to stop lending to payments startups Flutterwave Payments Technology and Chipper Cash. The payments unicorns have offices in Lagos, Nigeria, and San Francisco, US, and offer remittance services across Africa. They have no licensed remittance or payment service providers in Kenya — a major tech hub in Africa and a strategic location for the two startups. B2B Tech News | 2 years ago
Swvls $100 million acquisition of smart bus startup Zeelo fell amid lower tech stocks
Zeelo has dropped the news that the acquisition of U.K. start bus platform Zeelo by Mass transit group Swvl is now terminated, citing overall market c
Zeelo has dropped the news that the acquisition of U.K. start bus platform Zeelo by Mass transit group Swvl is now terminated, citing overall market conditions and the obvious slump in tech stocks. The April 28 acquisition was expected to close on May 24, and all precompletion obligations were met, but following financial market volatility, Swvl and Zeelo mutually agreed to terminate the planned transaction. Zeelo, the Londonbased ridesharing company, has cut a deal with electric fleet and network infrastructure provider, Zenobe to enable the former to run rides on electric vehicles, with a consequent position contribution to its netzero goals. B2B Tech News | 2 years ago
Alibaba, a Chinese company, fights to maintain its New York Stock Exchange listing despite an audit dispute
Alibaba Group Holding Ltd on Monday said it would seek to maintain its listing on the New York Stock Exchange alongside its Hong Kong listing. The com
Alibaba Group Holding Ltd on Monday said it would seek to maintain its listing on the New York Stock Exchange alongside its Hong Kong listing. The company was the latest of more than 270 companies added to the SECs list of USbased Chinese companies filed on Friday. The Foreign Corporations Accountability Act HFCAA aims to resolve longstanding disputes over audit compliance for Chinese companies incorporated in the United States. External auditing of business documents by local accounting firms has been banned in Beijing. Analysts estimate that Alibaba stock could raise $21 billion from major investors via StockConnect. B2B Tech News | 2 years ago
Shareholders task insurers on education investments
The shareholders of Cornerstone Insurance Plc urge insurance companies to increase their investments in the educational sector in order to improve the
The shareholders of Cornerstone Insurance Plc urge insurance companies to increase their investments in the educational sector in order to improve the standard of education for Nigerians. Dr. Anthony Omojola, the chairman of the Independent Shareholders Association of Nigeria ISAN, thanked the company for the dividend payment at a time when the majority of businesses arent considering the welfare of their shareholders. Segun Adebanji, the CEO of the insurance company, advised the companys managers and stockholders to continue the growth trajectory despite the challenging business environment. Additionally, the shareholders praised Cornerstone Insurance Plc for creating jobs, maintaining a gross premium income GPI of N20.9 billion, and paying dividends on time. B2B Tech News | 2 years agoGet The News to use newsletter to
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2. Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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3. Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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