BBC sells Lonely Planet at £80m loss

Mar 19, 2013 | News

The Times The BBC has vowed never to make another takeover in the vein of Lonely Planet after its commercial arm booked an £80 million loss on the disastrous deal. The Australian publishing brand beloved of backpackers has been sold for £51.5 million to Tennessee...

Amethis Finance invests $10.5m in Kenya’s Chase Bank

Mar 15, 2013 | News

African Venture Capital Association 13 March 2013 Amethis Finance has completed its first private equity investment by injecting USD10.5 in Chase Bank, Kenya. Chase Bank is the fastest growing and one of the most innovative Kenyan banks. It offers a full range of...

Summit in $26m Jumia deal

Mar 14, 2013 | News

Summit Partners has invested a reported $26 million (€20million) in Egypt-based e-commerce company Jumia. The investor is understood to be taking a stake in the company through a German-based holding company. The funds are expected to be used to accelerate the...

Daimler aims to raise Kamaz stake

Mar 14, 2013 | Central & Eastern Europe, News

FRANKFURT/MOSCOW, March 11 (Reuters) – German truckmaker Daimler said on Monday it aimed to raise its stake in Russian peer Kamaz, after Kamaz’s Russian shareholder said talks had stalled over price. Daimler, which owns 11 percent of Kamaz directly, has a...