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UK fintech Revolut valued at $75 bn: source to AFP
UK fintech Revolut valued at $75 bn: source to AFP
by  AFP

British fintech company Revolut has been valued at $75 billion in a secondary share sale, placing it in the leagues of Europe's biggest traditional banks, a source told AFP Monday. A source close to Revolut said on Monday that it is allowing employees to sell shares at a valuation of $75 billion, significantly higher than its previous $45 billion valuation.

Mauritania's Tah takes over as Africa's 'super banker'
Mauritania's Tah takes over as Africa's 'super banker'
by  AFP

Mauritania's former economy minister Sidi Ould Tah took office Monday as head of the African Development Bank, vowing to build a "robust and prosperous" continent despite US aid cuts. The 60-year-old was Mauritania's economy minister from 2008 to 2015 before heading the little-known Arab Bank for Economic Development in Africa for a decade.

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