Chinese ride-hailing firm Cao Cao raises $589 mn for market expansion
Cao Cao will develop its own purpose-built vehicles for ride hailing
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Kenyan insurtech MotiSure launches API platform to provide personal accident cover
The company sampled over 400 bike riders on why they did not sign up for pre-existing insurance solutions
Safaricom Ethiopia launches recruitment drive before its launch
The company aims to build a team of 100 employees by June 2022
Oil Giant ADNOC sells a minimum 7.5% stake in Abu Dhabi IPO
This is the second public flotation of the Abu Dhabi owned oil company
Four central banks test digital currency for cross-border transactions
The Central banks of Australia, Malaysia, Singapore and South Africa team up with regulators to develop prototypes of shared platforms
Egypt to launch a digital tax collection platform in September
The latest tax collection platform will collect and document taxes of all entities online
Alibaba’s logistics arm Cainiao to strengthen its logistics services in Singapore
In order to do so, Cainiao Network has partnered with Grocery Logistics of Singapore
ChainEx launches an automated instant trade-on deposit feature
The company will also allow traders and residents from other countries to access the ZAR market
UAE’s major lenders announce $4 bn profit during H1: Moody’s
Moody’s reported that four major bank’s combined net profit increased from last year, but returns on assets remain below pre-pandemic levels
Bank of England appoints former Goldman Sachs expert as chief economist
Huw Pill will become the chief economist of the Bank of England after working at Goldman Sachs till 2018