VENTURE CAPITAL POST

Elina Lepomäki, a right wing MP from National Coalition Party, has announced vying for party leadership with Alexander Stubb, the Finnish Finance Minister. In Finland, party leaders generally steps down from the cabinet membership, also following defeat in leadership challenge. NCP is scheduled to elect its new chair during the party congress in June.

If Greece is forced out of the euro zone, other countries will inevitably follow and the currency bloc will collapse, Greek Finance Minister Yanis Varoufakis said on Sunday, in comments which drew a rebuke from Italy.

San Jose, US-based networking giant Cisco invested $6 million in the Badia Impact Fund to back tech startups in Jordan as part of a $10 million venture capital investment already committed in May 2011.

In a bid to match Silicon Valley's success, the European Commission (EC) launched the Startup Europe Partnership tech startup accelerator and the European Digital Forum think tank at the World Economic Forum in Davos.

Namibia Power Corp (NamPower) plans to raise NAD5 billion (USD496 million) to fund the expansion of its transmission networks and power generation over the next five years, according to the firm's managing director.