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AI Capital Launches Singapore Flagship Fund

AI Capital

SINGAPORE, March 9, 2023 – Artificial Intelligence has ushered in a new and exciting phase of technology, where the presence of AI will become ubiquitous, indispensable and powerful across our modern world. Whilst AI will result in the revolutionary acceleration of technology and transformation of industries, AI equally holds the promise of positive social impact throughout Asia, Africa and other emerging markets. [Read more…]

Clearlake Capital-Backed FloWorks Acquires Genesis Systems

HOUSTON and SANTA MONICA, Calif., Sept. 13, 2021  – FloWorks, backed by Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”), today announced it has acquired Genesis Systems, a distributor of control valve, regulator, and valve automation products and systems. FloWorks is a leading MRO focused specialty valve, rotating equipment, and flow control distribution platform differentiated by its specialty products and technical solutions for industrial markets. Financial terms of the transaction were not disclosed. [Read more…]

New Marriott Vacations Worldwide in Orlando

ORLANDO, January, 2020 – Marriott Vacations Worldwide Corporation  announced today it has signed a contract with an affiliate of Unicorp National Developments, Inc. to develop its new global corporate headquarters. [Read more…]

AWIEF announces keynote speakers for 2019 Conference

CAPE TOWN, South Africa, October 21, 2019 –  AWIEF – The Africa Women Innovation and Entrepreneurship Forum has announced the keynote speakers for its prestigious annual conference taking place at the Cape Town International Convention Centre (CTICC), 29-30 October 2019 for the advancement of women in Africa as innovators and entrepreneurs. [Read more…]

Healthy.io raises $60 million

TEL AVIV – Israel’s Healthy.io said on Thursday it raised $60 million in funding and received clearance from the U.S. Food and Drug Administration for its smartphone-based urine albumin test to aid in diagnosing chronic kidney disease. [Read more…]

Grab seeks further financing

Grab

SINGAPORE – Grab is looking to raise another $2 billion this year to ramp up expansion, its CEO Anthony Tan told Reuters, just weeks after announcing over $4.5 billion of funding in what has become Southeast Asia’s largest round of private financing. [Read more…]

Digitisation key to financing development

digitising finance

MARRAKESH, Morocco, March 2019 –  Africa must digitise its economies, broaden its tax base, prevent further deterioration of fiscal and debt positions, and aim for double-digit growth to achieve the UN 2030 global goals (SDGs), and the AU Agenda 2063 according to the 2019 Economic Report on Africa released today at the Conference of Ministers. [Read more…]

US economy growth revised

us economy growth

WASHINGTON – The US second quarter economy,  grew  faster than expected, showing its fastest pace in over two years, however the momentum will probably slow in the third quarter as Hurricanes Harvey and Irma temporarily curbed activity. [Read more…]

SAP Recommends Dividend

SAP software

WALLDORF, Germany, Feb. 23, 2017 – The Executive Board and the Supervisory Board of SAP SE (NYSE: SAP) recommend that shareholders approve a dividend of €1.25 per share for the fiscal year 2016 at the Annual General Meeting of Shareholders. [Read more…]

G20 leaders pledge boost for economic recovery

G20 leaders economy boost

The Group of 20 (G20) leaders have called for more collective action to achieve strong, sustainable and balanced growth that can be universally beneficial for economic recovery. [Read more…]