Protea Group has invested NGN11.13 billion (over USD70 million) for the development of more hotel brands in Nigeria, according to the group's chief executive officer.
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Qantas chief rules out capital raising for Australia's national carrier
Alan Joyce, chief executive of Qantas Airways Ltd, has ruled out Australia's national carrier raising fresh capital to compete with arch-rival Virgin, saying the airline still has a lot of flexibility.
Indonesian taxi operator Blue Bird fails to secure regulatory approval for 2013 IPO
Indonesia's largest taxi company Blue Bird Group reportedly postponed its initial public offering this year after failing to get an approval from the Financial Services Authority of Indonesia.
Akamai to takeover cloud-based security provider Prolexic for USD370 million
US-based Akamai Technologies on Monday announced that it will acquire the world's largest and most trusted cyber security provider Prolexic Technologies for USD370 million. The deal is expected to close in spring of next year.
Central Bank of the Philippines gives green light to $500M ADB loan for typhoon rehabilitation
The Monetary Board of the Bangko Sentral ng Pilipinas has cleared the USD500 million loan from the Asian Development Bank. The said fund will be used to rehabilitate and reconstruct communities struck by super typhoon Haiyan.
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Italian airline Alitalia said on Thursday that it was able to raise EUR173 million of EUR300 million it needed in its cash call from investors with help from Intesa Sanpaolo and UniCredit.
Student rental marketplace FlatClub raised USD1.5 million from angel investors and venture capitalists to build more transient rooms and apartments across the US and Europe.
Bankruptcy judge Sean Lane dismissed a private effort to block the merger between US Airways and AMR Corp and gave the clearance to allow the transaction to proceed.
German multimodal journey planner startup FromAtoB received a seven-figure Series A investment from investors French venture capital firm Seventure Partners and Chief Executive Officier of Ecommerce Alliance Daniel Wild.
American Airlines Inc was slapped with another lawsuit claiming its merger with US Airways Inc would break antitrust laws, putting another roadblock on its exit from bankruptcy.
Travel startup GetYourGuide, whose platform streamlines the booking of vacation excursions, rolls out to the U.S Market having successfully launched in Europe, having garnered over 210,000 European mobile users in just a month.
The Galeao airport in Rio de Janeiro was sold to Odebrecht and its partner Changi Airports International for USD8.3 billion, a value almost four times the minimum bid.
A Hawaiian stewardess made history on Friday by becoming the first person in history to purchase a USD 250,000 Virgin Galactic ticket by using Bitcoin. Virgin Galactic CEO, Sir Richard Branson has announced during an interview with CNBC.
The government of Brazil divested its ownership stakes in two major airports to groups of multiple buyers as part of its strategy to improve the country's infrastructure in time for the World Cup.
