By Juliet Shwe Gaung
ONGO is making a consumer launch in 2017.
Create JV to invest in power generation in off-grid areas
Its Myanmar investments include Tekkatho, Phandeeyar, Proximity Designs, Namiti
Ooredoo is launching a mobile money service named M-Pitesan.
ONGO is backed by Ronoc Asia.
Latest round of funding values the company at a high seven-digit figure.
Myanmar Investments International (MIL) is finalizing investments in Myanmar through two new joint venture in the pharmaceutical and tourism sector.
Cambodia’s Wing Money and Mingalabar Holdings Pte Ltd have forged a joint venture for mobile financial services in Myanmar while Japan’s JFE waste-to-energy plant has been commissioned. Wing Money enters Myanmar though a JV with Mingalabar Holdings Pte Ltd Cambodia’s leading mobile banking service provider, Wing Money, has forayed into… Read more »
Southeast Asia-focussed SolarHome, a provider of solar energy for rural off-grid households, is looking at investing up to $25 million in Myanmar over the next five years, Phoo Pyae Pyae Soe, head of communications, said. It is currently targeting to raise and invest up to $1.5 million in Myanmar in 2018. SolarHome –… Read more »
IFC will also put in $20m debt in the project.