Anthem Asia raises USD 34.5 million fund
Yangon-based investment group Anthem Asia has announced that its debut fund, Anthem Asia Myanmar SME Venture Fund, has raised USD 34.5 million in commitments from three institutional investors, according to a report in the Myanmar Times. The fund, wh
Parami to establish ‘mini-grid’ in Magway Region
Local company Parami Energy has reportedly reached a deal with the Myanmar government to develop a “mini-grid” system for about 1,500 households in villages in Yesagyo Township in Magway Region. An article in the Myanmar Times said the agreement
MySQUAR launches inbound money transfer service
London-listed MySQUAR, a technological company with Myanmar operations, has reportedly launched an inbound remittance service in the country, months after it acquired mobile payment operator MyPAY Myanmar as part of a US$ 2.6 million deal. An article
Myanmar gives go ahead for Deedoke hydro project
The Ministry of Electricity and Energy has issued a notice to proceed for the Deedoke hydropower project in Mandalay Region, according to an article in Frontier. The report said that officials from the ministry signed the agreement with the developer
Awba Group opens agrochemical factory
The Myanma Awba Group, one of the country’s largest agricultural companies, has opened a private agrochemical factory in northern Yangon, as part of a partnership with the International Finance Corporation (IFC). The USD 35 million Hmawbi Agricultu
