BNP Paribas, CIC, and Eurazeo launches $446 mn Cooperation Fund
The fund will invest in European companies looking to expand in China
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Nigeria startup Sparkle receives digital banking licence
The startup is also collaborating with Visa, Microsoft and PwC Nigeria to gain industry expertise
South Africa-based healthtech BusyMed secures funding
The funds came from local venture capital firm LionPride
South Africa resumes domestic air travel for businesses
The country is also weighing options to resurrect its flag carrier with state funds
Emirates to add 50 more destinations this month
The carrier resumed passenger flights to nine destinations across the world on May 21
Latam Airlines files for bankruptcy protection; Chile to throw a lifeline
It is the largest carrier in the world to request emergency reorganisation as the pandemic continues
Adnoc to cut crude nominations by 5% for July
The decision is in line with OPEC’s last month’s decision to reduce supplies
DBSA in talks with lenders to bridge gap in debt capital markets
The disturbances in debt capital markets is slowing down the bank's efforts to sell bonds
Russia, OPEC discuss oil cuts ahead of scheduled June meeting
Some OPEC members are considering output cuts till the end of 2020
UK-based fintech Checkout.com acquires Australia’s PinPayments
The deal will allow Checkout.com access Australia’s $33 bn ecommerce market and expands the company’s reach in APAC