By Juliet Shwe Gaung
IFC has invested in about 18 private companies in Myanmar to date.
Daiwa Securities Group will take 10% stake in Frontiir Co Ltd.
MFIL will use debt to facilitate financing to local entrepreneurs and MSMEs.
IFC will be injecting $1.5 million for a stake in Maha Agriculture Public Company.
Trust Venture Partners & Information Matrix CEO Thaung Su Nyein also joined.
It has fully deployed its first $50m fund making five investments since 2014.
Kargo beat 7 other early-stage tech startups from the country.
It surpassed its fundraising target.
The initiative is being planned with a corpus of $293,000 available for local startups.
Myanmar Digest: Nippon Concrete Industries’ JV starts concrete pole production; DHL to invest $113.9m locally
Japan’s Nippon Concrete Industry enters JV for concrete pole plant. DHL will invest $113.9 million to for supply chain business.