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BRIEF: Eskom raises $780 million
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BRIEF: Eskom raises $780 million

South Africa’s struggling power utility company has raised about $780 million. According to Bloomberg, the loan was raised from BRICS Bank, a financial institution created by BRICS (Brazil, Russia, India, China and South Africa itself) countries. South Africa’s Eskom has been facing serious funding problems to upgrade its power infrastructure, […]

Coca‑Cola HBC acquires Bambi
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Coca‑Cola HBC acquires Bambi

Coca‑Cola HBC AG said is hhas acquired Bambi. Bambi is Serbia’s leading confectionery. The group said it acquired Bambi from funds advised by Mid Europa Partners, a leading buyout investor in Central and Eastern Europe, for an enterprise value of €260 million, subject to certain closing adjustments. Completion of the […]

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DFSA recovers unpaid fines from UK insurance broker

The Dubai Financial Services Authority (DFSA), the independent regulator of financial services conducted in or from the DIFC, has successfully enforced payment of a fine imposed on an individual. The DFSA said the enforcement action demonstrates its commitment to take the necessary steps to enforce the regulatory actions it imposes. […]

Software developer, Andela raises $100 million funding
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Software developer, Andela raises $100 million funding

Nigeria’s Andela, software development and outsourcing company has just raised an additional $100 million in fresh funding. The latest round is was raised from U.S. Vice President Al Gore’s sustainability-focused investment firm, Generation Investment Management. The latest funding round will mean Andela has raised about $180 million. Generation’s interest in […]