IGT raises $122m for telecoms tower building

Irrawaddy Green Towers (IGT) has borrowed US$122 million from a group of European development finance institutions to fund part of its rollout. The syndicated loan forms part of a $230 million IGT investment plan, although the firm’s total infrastructure investment is likely to be even higher, said a spokesperson at one of the lenders. Dutch […]

Online Retailer Daraz Raises €50 Million

Daraz, an online retailer in Asian frontier markets, has secured €50 million ($55.9 million) in its first major financing round. The investment comes from the CDC Group – the UK Government’s Development Finance Institution (DFI) focused on supporting and developing businesses in Africa and South Asia – as well as Daraz’s existing investor Asia Pacific […]