Africa's largest trading block is attracting attention of global investors and businessmen. The recent 'Africa 2016' investment forum held in Egypt had participation of over 1,500 businessmen and government representatives. Foreign investors have called for more reforms and policy changes among African nations.
Investors
Stuart Ayres: More Venture Capital For Startup Businesses in New South Wales
New South Wales Minister of Trade Stuart Ayres concerns on more needs of venture capital to raise start up business. He also said that venture capital is important, giving example on how US succeeded in using venture capital.
Revl Received $2 Million Seed Fund for Developing Shake-reduction Smartphone Camera
The San Francisco startup and smartphone maker Revl has been seed funded of $2 million by venture capitalist Bill Tai along with other investors like Frog Ventures, Y Combinator, Lars Rasmussen and James Lindenbaum.
OJK’s New Regulation on Licensing and Organization of Venture Capital Companies
OJK Issued a new regulation with regards to Venture Capital Companies. The new provision changes the licensing and organization of venture capital companies, and includes sharia law and sharia-based legal entities.
Jacob Zuma fails to fulfill economic promise to South Africa
President Jacob Zuma is at the center of criticism over lack of infrastructure facilities to attract foreign capital and global companies. All quarters of the society are calling for government's commitment to restore business confidence on South Africa.
Latest News
Usher and Robert Downey Jr. join a list of investors to help fund online learning platform MasterClass in its Series B round. In total, the round raised $15 million as the company plan to further expand its area of subjects as well as adding new instructors.
Black Bear Diner had secured an investment from private equity fund PWP Growth Equity. The financial backing will be allocated to expand growth and coverage in new and existing markets. The restaurant plans to add new locations and grow to 155 restaurants in the U.S while retaining its unique concept.
The latest quarterly survey of Fenwick & West LLP found most Silicon Valley companies that raised venture funding in the fourth quarter of 2015 softened.
This year’s African economic summit was ended with calls to boost trade and investment on the continent. The conference aims to strengthen Africa’s place in the world economy through investment and to establish Egypt as a gateway for foreign investments.
Investment inflows into oil and gas projects are dropping significantly. The investments in oil projects in 2016 is forecast to fall below £1 billion from the five-year annual average of £8 billion.
It was confirmed on Monday that Israeli company Ravello was acquired by Oracle for $500 million. Ravello joins Oracle's cloud business with high hopes to take on giant tech companies like IBM, Google, Microsoft, and Amazon.
Asian stocks rebounded on Monday ahead of G20 Finance Ministers meeting, which is scheduled on this weekend. Investors are positively looking to reassurances about global economy growth.
Baltimore private equity firm Ecosystem Investment Partners (EIP) announced on Tuesday that they closed its third fund at $303 million, overriding its target of $200 million. With such amount of equity capital commitments, Monument Group Inc. is to serve again as exclusive placement agent.
Indian businessman Ajay Piramal has entered into venture capital (VC) space by establishing a new VC funding entity 'Montane Ventures.' The new VC fund focuses on early-stage funding requirements. Piramal has infused $50 million into Montane Ventures will mobiles $150 million additionally from external resources.
