CDC invests $55.5 million in Africa Internet Group
The Commonwealth Development Group (CDC Group) said it will invest $55.5 million in Africa Internet Group (AIG) to improve the group’s current operations and support its expansion across Africa.
The Commonwealth Development Group (CDC Group) said it will invest $55.5 million in Africa Internet Group (AIG) to improve the group’s current operations and support its expansion across Africa.
American eBay sellers will soon gain access to Africa’s biggest consumer markets. This comes via a new partnership between the U.S. e-commerce giant and online shopping startup MallforAfrica.com, set to go live July 2016.
On 23 June, the United Kingdom (UK) voted to leave the European Union (EU) in a non-binding advisory referendum, which resulted in the resignation of UK Prime Minister David Cameron and is likely to trigger fresh elections later this year or in 2017. Despite pressure from some EU countries, it is unlikely that exit negotiations will begin until a new UK government is firmly in place. There is a possibility that the next UK government will not trigger exit negotiations at all, based on a legal technicality or if it calls a second referendum.
East Africa’s mergers and acquisitions market has started picking up as companies look for ways to protect their market share and ensure better returns for shareholders. Most of the M&A deals are in the financial, telecommunications, industrial and health sectors.