The UK’s development finance arm British International Investment (BII) plans to invest $6 billion in Africa over the next 5 years. The funding will be invested in various forms including debt and equity financing. Read more in #TCDaily.
E-commerce giant Amazon is reportedly growing tired with delays to the completion of the $274 million multi-purpose complex in Cape Town. Further delays could see Amazon terminating the developer agreement, and scrapping the entire project. Read more in #TCDaily.
Just in case you missed it, Russia has placed a ban on crypto. During the weekend, President Vladimir Putin signed a law banning digital payments across the Eurasian nation. Read more in #TCDaily.
Amazon Prime is investing more in Nollywood. Yesterday, a Nigerian production house, Nemsia Films, announced that it closed an exclusive slate deal for 3 commissioned feature films with the American streaming giant. Read more in #TCDaily.