By Juliet Shwe Gaung
Yangon has seen 846 foreign investments approved for a total of $20.2 billion.
nexlabs had earlier received a six-digit investment led by Singapore VC Vulpes and Bilbros Capital Partners.
The Central Bank of Myanmar has issued a licence to Myanmar Credit Bureau Limited, a JV between Myanmar Bank Association and Singapore’s Asian Credit Bureau Holdings.
TPG-backed Apollo Towers Myanmar is seeking to merge with rival Pan Asia Majestic Eagle.
The Myanmar Investment Commission has approved a spate of investments from Diamond Dragon Co Ltd, Singapore’s Fraser & Neave and US coffee chain Starbucks.
The three firms which are poised to join YSX include Great Hor Kham, Myanmar Agro Exchange and logistics player Ever Flow River.
IFC is considering a proposal to extend up to $3 million equity financing and a local currency equivalent loan of up to $10 million to Keb Hana Microfinance Limited (KHMF).
Myanmar Finance International Limited (MFIL) will use the loan to further expand its loan portfolio and open new branches in Yangon and Bago.
In May last year, Food2U raised a six-digit amount from individual investors
The proceeds of the latest financing will enable Maha Agriculture Microfinance to reach out to an additional 6,000 farmers