Daily Archives: November 5, 2013
Linio receives USD 50M investment from Latin Idea and existing blue-chip investors: one of the largest e-commerce investments in Latin America
Mexico City, November 5th, 2013. – Linio, the leading and fastest growing e-commerce business in Latin America, today disclosed that Latin Idea, a prominent Mexico-based private equity fund, has joined the company as an investor. Existing investors – which include JP Morgan Asset Management, Investment AB Kinnevik, the Tengelmann Group, Summit Partners, and Rocket Internet – also participated in the financing round of USD 50M in fresh capital for Linio.
GENEVA, Switzerland, November 5, 2013/African Press Organization (APO)/ – On 1st November 2013 IOM Tanzania, under the Capacity Building for Border Management (CBBM) project, rolled-out a biometric enrollment system for residence permits at Immigration Department HQ in Dar es Salaam.
KIGALI, Rwanda, November 5, 2013/African Press Organization (APO)/ – The recently operational East Africa Exchange (EAX) (http://www.africaexchange.com) concluded the first regional trade auction from its Rwanda head office, successfully selling 50 metric tons of maize at 398 USD per metric ton between a Ugandan seller and Rwanda buyer. The auction took EAX one step closer to its ambition to create “one African market” and has given further credence to the importance of regional commodity trading.