African Rainbow Capital Fund INAV up 4.6%

Shares of growth firm, African Rainbow Capital soared over 12 per cent yesterday following the release of first half results. The investment holding company said two of its investee companies - digital bank Tyme and freight and logistics firm, Linebooker had reached breakeven in the past six months. ARC also said it expects is banking division in the Philippines to be profitable in 2025 while it was getting ready to open a new branch in Vietnam. Joining CNBC Africa for more is Johan van der Merwe, co-CEO, African Rainbow Capital.
Fri, 15 Mar 2024 06:31:58 GMT