IFC expects decline in foreign direct investments in Kenya
Foreign direct investments is estimated to drop at least 40 percent in 2020 and 2021 from its 2019 baseline
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Revolut hires new Singapore CEO to boost Asia business
Revolut has appointed Mr James Shanahan who was previously the COO of insurtech Singapore Life
Saudi plans to increase VAT from 5% to 15% from July onward
It will also will discontinue cost of living allowance starting next month
Emirates to raise debt to survive coronavirus crisis
The carrier said a recovery in travel was at least 18 months away
UAE launches initiative to strengthen Islamic finance
The initiative was launched by the Ministry of Finance in partnership with Dubai Islamic Economic Development Centre and the Islamic Development Bank
Nigerian healthtech Helium Health secures funding for expansion
The startup raised $10 mn in Series A funding
Sheraa launches $1 mn fund to help startups cope with the pandemic
Sheraa is part of Sharjah's initiative to build a sustainable startup ecosystem in the emirate
Dubai records real estate transactions worth Dh3.62 bn in April
The market recorded 1824 transactions in the month of April
Visa becomes Nium’s new investor in its recent equity funding round
It is reported that Nium is Visa's third investment following Gojek and Grab in Southeast Asia
ZEP-RE urge African insurers for greater technological adaptation
Digitalisation of insurance process has become important due to the coronavirus pandemic