Sunday Kenya made an agreement with China to finance 90% of the 609.3 kilometer railway project in Nairobi with cost estimate of SH 327 billion or $3.8 billion.
Regions
BlackBerry aims to reverse emerging market slump with budget handset
BlackBerry Ltd launched a low-cost touchscreen device in Jakarta, the Z3, as the embattled smartphone maker looks to revive sales in emerging markets like Indonesia where its once-fervent following has shriveled.
Facebook says it may open sales office in China
Facebook Inc said it may consider opening a sales office in China to provide more support to local advertisers who use the website to reach customers overseas.
Venture capitalist Khosla in court over ending California beach access
Vinod Khosla, co-founder of Sun Microsystems and now a prominent venture capitalist, on Monday testified about his cutting access to a popular beach in a court case that calls into question a California tradition of open access to the state's famed coastline.
Alibaba's Jack Ma: investors and entrepreneurs like husbands and wives
Jack Ma, the founder and executive chair of Alibaba Group Holding, said investors and entrepreneurs can fall out like domestic couples squabbling over their children in a blog post published late on Monday as the Chinese e-commerce juggernaut prepares for its blockbuster initial public offering.
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American billionaire Ronald Lauder through Pan African Investment Company (PIC) funds an undisclosed amount in convertible debt to Kenyan car manufacturing startup Mobius to produce Africa's cheapest car.
We've been examining secondary market demand for certain private equity and venture capital funds - so far we've explored the most sought after U.S. buyout funds and venture capital funds.
Six months ago the U.S. oil industry scored a surprise win against farm groups when the Obama administration proposed slashing the amount of ethanol refiners must blend into gasoline, a move that could save them billions of dollars.
Chase Pharmaceuticals Corporation raises $21 million in a Series B financing round led by New Rhein Healthcare Investors, LLC.
The Florida Venture Forum will host its seventh annual Early Stage Conference May 15 together with the 4th Annual Statewide Collegiate Business Plan Competition in Florida attended by 20 choice ventures positioned for equity financing.
Singapore-based asset manager Dymon Asia Capital has received a commitment worth $500 million from Temasek Holdings to start a hedge fund seeding venture at a time the Asian industry is starting to recover after six years of sluggish growth.
The collapse of the $35 billion merger of New York-based Omnicom with France's Publicis is likely to lead the world's biggest ad agencies to think small as they try to counter the challenge from internet giants like Google.
Infosys Ltd, once a bellwether for India's $100 billion-plus IT outsourcing industry, is losing its cachet as the employer of choice for a generation of young IT workers, with staff leaving at an unprecedented pace as the Bangalore-based company struggles to regain ground lost to rivals.
China pledged on Friday to push ahead with a broad range of capital market reforms as it seeks to encourage more efficient capital allocation, increase foreign investment and improve transparency of its markets.
