Online distributor of African movies, Iroko Partners, has received US$2 million funding from a Swedish firm, which it has said it will use to take its service to cable and satellite TV partners in the US and Europe
Finance
Sudan puts economic hopes in US$1 billion sugar factory
Sudan has opened its long-awaited US$1 billion White Nile Sugar factory, which is expected to lift the country out of its current economic decline
AfrAsia Kingdom Zimbabwe upgrades banking system
AfrAsia Kingdom Zimbabwe has launched the implementation of a system that will upgrade the group’s core banking to Globus R10
Tax relief proposed to encourage South African MNC trade across continent
Experts have welcomed proposals on double taxation in the Taxation Laws Amendment Bill released by the South African National Treasury to aid the countrys multinational companies do business across the African continent
Equity firm invests in East Africa’s largest shopping destination
Private equity firm Actis has confirmed that its next real estate investment will be in Garden City, a 32-acre development off Nairobis Thika Highway