News & Events

Coca-Cola India is investing in Thrive, marking FMCG’s first startup investment in India. Thrive is all set to challenge Zomato and Swiggy’s duopoly in the food-ordering business. The startup is currently raising capital at a pre-money valuation of INR 104.68 crore, with Coca-Cola India acquiring a 15% stake in the Mumbai-based online food ordering and delivery platform. The timing is crucial as restaurant partners express dissent with the duopoly concerning high commissions and arm-twisting tactics.

Read the original article here: https://yourstory.com/2023/04/coca-cola-india-thrive-investment-food-ordering-startup-zomato-swiggy

In 2011, the country adopted a new constitution that guaranteed equal rights for men and women, and in 2016, Gabonese voters elected the country’s first female vice president. Despite these gains, women in Gabon still face significant challenges and Women’s Rights Day advocates for greater gender equality and empowerment. On this day, various events and activities are organised nationwide to celebrate women’s achievements and promote gender equality. These events include conferences, seminars, workshops, and cultural performances.

The United Republic of Tanzania receives a staggering $1.2 billion in foreign direct investment (FDI) during the first quarter of 2023, as per Tanzania Investment Centre (TIC) records. It shows a remarkable 52.4% increase in investment compared to the same period in 2022. This upsurge is attributed to the improving economic climate and the Government’s ongoing mega-infrastructure projects. The investment is aimed at 93 projects that are expected to generate a minimum of 16,400 employment opportunities.

Read the original article here: https://www.africa-newsroom.com/press/tanzania-continues-to-claim-top-position-as-one-of-the-best-investment-destination?lang=en