By Juliet Shwe Gaung
At least five joint ventures specialising in the life and non-life insurance space are expected to enter the market, with local companies holding majority stake.
Angel investors and family offices from China, the US, Europe and Australia joined the round.
ADB’s contribution to the fund amounts to $10 million.
FastGo has formed a joint venture with local business house Asian Sun Group which is engaged in manufacturing and trading activities.
In Myanmar, Kiu is working with six partner banks including the IFC, Yoma Bank, Co-operative Bank, among others.
OUELH will acquire a 40% stake in Yoma Siloam Hospital Pun Hlaing, which operates three hospitals, one medical centre and two clinics, and a 35% stake in Pun Hlaing International Hospital.
MSH, which previously owned 92 per cent in the company, has taken over MS English, which holds the rights to the Wall Street English franchise.
New Zealand-based online education platform LearnCoach has secured $1.5 million in seed funding while Myanmar agri-mobile platform Greenovator has snagged a six-digit grant from the GSMA Ecosystem Accelerator Innovation Fund.
The establishment of the school will mark the LSE-listed investment firm’s third initiative in the education sector.
YCP will prioritise investments in technology startups that are solving problems in the areas of education, healthcare, and agriculture.