Commonwealth News
South Africa’s Shoprite chalks up 20% annual profit rise
One of Africa's biggest retailers, Shoprite, delivered a 20.3% rise in annual earnings despite lockdown and restrictions. According to the company it is hoping to sell its assets in Madagascar and Uganda this financial year. Read the original article here:...
Autochek acquires ROAM Africa’s online car platforms Cheki Kenya and Cheki Uganda
Nigeria’s automotive tech company, Autochek agrees to acquire automotive marketplaces Cheki Kenya and Cheki Uganda from Ringier One Africa Media (ROAM). With the acquisition, Autochek will expand its footprint with seamless access to auto financing across the African...
Commerce ministry notifies procedure for imports under India-Mauritius trade pact
India's commerce ministry notifies tariff rate quota (TRQ) and procedure for import of goods that are covered under India- Mauritius free trade agreement. India-Mauritius Comprehensive Economic Cooperation and Partnership Agreement (CECPA) is a free trade pact that...
Bangladesh’s largest B2B commerce startup ‘ShopUp’ raises $75 million led by Valar Ventures
Bangladesh’s largest B2B commerce startup ShopUp raises $75 million in its Series B funding round led by Peter Thiel’s Valar Ventures. With the new investment, the company has raised over $100 million. It also marks the first investment by Valar Ventures and Prosus...
Congratulations to all the Commonwealth countries
It's a wrap!! The winning trail of Commonwealth Para athletes comes to an end with flying colours. We wish them luck for future endeavours.
Australian neo-bank Volt partners with crypto exchange BTC Markets
Australian neobank Volt partners with cryptocurrency exchange BTC Markets (BTCM) to offer its banking services to crypto customers with real-time notifications and automatic payments. Neobanks are fintech firms that have been recently licensed in Australia to improve...