Commonwealth News
New Zealand’s Xero to acquire Calgary’s TaxCycle in a deal to expand Canadian presence
Xero, a New Zealand-based accounting software platform announces the acquisition of Calgary based tax solution software startup TaxCycle for a total of $75 million CAD. The deal is expected to end by December 31 on account of the company’s commitment on expanding its...
India, Nigerian firm partner to boost retail textile sector
Leoht Africa partners with the Indian Chamber of Commerce to boost the retail sector of Nigeria’s textile industry. Debmalya Banerjee, regional director of the Indian Chamber of Commerce, Kolkata, said India being one of the largest growers of cotton in the world and...
Agrotech launches XAF100 mln fundraising operation with a promise of cumulated 350% return over 5 years
Yellow’Coq, an agrotech specialising in mass production, distribution, and transformation of made-in-Cameroon poultry, launched a XAF100 million crowdfunding operation. Yellow’Coq intends to improve its overall capacity in the short term and plans to set up an African...
Kenya’s Copia plans e-commerce expansion in Rwanda, Tanzania
Kenya's B2C e-commerce company Copia Global plans to expand to Rwanda and Tanzania as part of its Africa-wide growth strategy. The company model aims to increase e-commerce availability to people who do not have internet access. Through a network of about 30,000...
Ramcharan Company bags $2.2 billion order from Ghana firm to supply waste to energy units
India's Chennai-based Ramcharan Company, a chemicals-trader-turned-renewable energy specialist inks a $2.2 billion order from the Ghana-based Masri Company. The deal will convert waste to energy with the potential to generate 300 MW of power in the African nation. Its...
Nestlé Malta kicks off tree-planting initiative at Fort Rinella Nature Park
Nestlé Malta partners with a local NGO called Fondazzjoni Wirt Artna to plant over 100 trees at the Fort Rinella nature park in Kalkara. It is also in line with its global goal to plant 200 million trees by 2030. Nestlé will also take on the upkeep and care for these...