Sunday Kenya made an agreement with China to finance 90% of the 609.3 kilometer railway project in Nairobi with cost estimate of SH 327 billion or $3.8 billion.
Investors
Indonesian retailer Mitra Adiperkasa to sell stakes in pizza, burger chain
Indonesian retailer Mitra Adiperkasa said it will sell majority stakes in its Domino's Pizza and Burger King chains to keep its capital to develop its other franchises.
Google said to be in talks to buy streaming-video site Twitch: WSJ
Google Inc was said to be in talks to acquire video-streaming service Twitch, according to a report in The Wall Street Journal on Sunday.Officials at Google and Twitch declined to comment on the matter.
Pinterest wins new funding, raising valuation to $5 billion
Pinterest has raised a new $200 million round of funding that gives it a valuation of $5 billion, the photo pin-up site said on Thursday. Pinterest, which allows users to create online bulletin boards based on various themes such as...
Yahoo buys mobile 'self-destruct' messaging app Blink
Yahoo Inc has bought Blink, a mobile messaging startup whose app lets users send messages that will self-destruct at a time set by the sender.
Latest News
American billionaire Ronald Lauder through Pan African Investment Company (PIC) funds an undisclosed amount in convertible debt to Kenyan car manufacturing startup Mobius to produce Africa's cheapest car.
Chase Pharmaceuticals Corporation raises $21 million in a Series B financing round led by New Rhein Healthcare Investors, LLC.
The Florida Venture Forum will host its seventh annual Early Stage Conference May 15 together with the 4th Annual Statewide Collegiate Business Plan Competition in Florida attended by 20 choice ventures positioned for equity financing.
Singapore-based asset manager Dymon Asia Capital has received a commitment worth $500 million from Temasek Holdings to start a hedge fund seeding venture at a time the Asian industry is starting to recover after six years of sluggish growth.
Edison Ventures announces the acquisition of Andera Inc. for 44.5 million by Bottomline Technologies today. Charlie Kroll, Founder and CEO at Andera Inc. comments:
iZettle, Swedish mobile company, pockets $55.5 million in a series C round led by Zouk Capital with other participants such as Dawn Capital, Intel Capital, Creandum, Greylock, Index, Northzone, and SEB.
European-based Planday raises $3.75 million in seed funding through sole investor Creandum. Christian Brondum, CEO of Planday, describes the new partnership:
Southtech Capital Corporation ("Southtech") (TSX VENTURE:STU.P) is pleased to announce that it has entered into an amalgamation agreement dated May 7, 2014 (the "Agreement") with Redfall Technologies Inc. ("Redfall"), a private corporation incorporated under the laws of Alberta, to complete a Qualifying Transaction (the "Qualifying Transaction"), as such term is defined by the TSX Venture Exchange (the "Exchange").
Palo Alto, California-based single-page promotional website design platform raised $1.7 million in a seed funding round ledyby Founder's Co-op to expand its market reach, improve its products, and enable mobile content creation.
