Blue line of Lagos metro light rail line The Central Bank of Nigeria (CBN), has announced that it has through three commercial banks in the country financed railway infrastructure in Lagos to the tune of N6 billion. The bank stated that this is part of its ongoing efforts to support the country's
Financing
France, EU close to a deal on Air France bailout: minister
FILE PHOTO: The first Air France airliner Airbus A350 prepares to take off after a ceremony at the aircraft builder's headquarters in Colomiers near Toulouse, France, September 27, 2019. REUTERS/Regis Duvignau PARIS (Reuters) - France and the European Union are close to a deal on a bailout for Air France, which
Lyft Sets Crucial Date in Race to I.P.O.
Venezuela’s domestic airline industry suffers amid economic crisis
A Laser Airlines plane taxis on a runway at Simon Bolivar airport in Caracas, Venezuela July 2, 2018. REUTERS/Marco Bello Venezuela’s domestic airline industry is struggling to maintain operations due to hyperinflation and shortages of spare parts, according to an industry association, making it increasingly hard to obtain tickets and causing
Lyft valuation hits $15.1 billion after fresh $600 million in funding
Lyft has raised an additional $600 million in a Series I financing round led Lyft has raised an additional $600 million in a Series I financing round led by Fidelity Management & Research Company, pushing its post-money valuation to $15.1 billion. The company's value has more than doubled in the past 14
Buffett proposed to invest $3 billion in Uber, but talks failed: Bloomberg
FILE PHOTO: Warren Buffett, CEO of Berkshire Hathaway Inc, pauses while playing bridge as part of the company annual meeting weekend in Omaha, Nebraska U.S. Billionaire Warren Buffett had proposed to invest $3 billion in Uber Technologies Inc [UBER.UL] earlier this year, but the talks failed following disagreements over the deal’s
Shipowners lament inability to access $2bn CVFF
Lagos - Local operators in the shipping industry have decried the inability to assess the Cabotage Vessel Financing Fund, which they say must have risen to over $2bn. The CVFF is derived from two percent of the contracts awarded under the Cabotage regime. It was designed to enable indigenous shipping companies
Exports the Salvation for Zim Economy – RBZ
Photo: A Tobacco-farmer. ZIMBABWE’S tobacco yields have been growing since 2008, according to figures obtained from the Tobacco Industry marketing board (TIMB). Harare (The Herald) - Zimbabwe's economic problems are largely a function of production deficiencies, which require the country to exploit the current pro-business environment to increase productivity for export
Grab, Uber rival in Asia raising $2.5bn in new financing
Southeast Asian ride-hailing firm Grab said Monday it expects to raise $2.5 billion in financing, mostly from China’s Didi Chuxing and Japan’s Softbank, as it strengthens its lead over rival Uber. Didi, China’s ride-hailing leader, and mobile giant SoftBank will invest up to $2.0 billion while $500 million is expected to