Wasim Uz Zaman

ShopUp is a leading Bangladeshi startup revolutionizing the country's B2B distribution network. Founded in 2018, it has raised over BDT 3,500 Crore in foreign investment. Through platforms like Mokam & REDX, ShopUp connects manufacturers with local retailers, ensuring stable prices & efficient logistics. It’s digitizing FMCG distribution, reducing middlemen, and expanding to the Middle East via a merger with Saudi-based Sary to form “Silk,” aiming to take Bangladeshi products global.

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I am very pleased to share that the Asian Development Bank (Asian Development Bank (ADB)) has signed a $30 million sustainability-linked loan facility agreement with Envoy Textiles Limited (Envoy) in #Bangladesh— our first #sustainability-linked loan in the country. Long-term commercial loans are not easily available to private sector companies in Bangladesh. ADB’s loan helps bridge this gap by providing long-term USD financing. The Envoy Sustainability-Linked Loan Project will contribute to setting a new standard for the #garment sector in Bangladesh by advancing environmental sustainability and industrial modernization. ADB’s sustainability-linked loan will enable Envoy to expand its production capacity, invest in renewable energy, and further reduce its environmental footprint. Global demand for #denim remains strong — offering a positive outlook for Bangladesh’s ready-made garment (#RMG) industry, a key driver of the country’s economy. RMG industry contributed 11% to GDP in FY2023 and generated more than 80% of total export earnings in FY2025. Envoy will use the loan to build a new automated and more #energy-efficient spinning unit to increase its yarn production; install 3.5 MWp of rooftop #solar panels at the factory; and refinance short-term local working capital loans. The unit will have an annual yarn production capacity of 4,550 tons, which will primarily be used for the in-house production of denim fabrics. Congratulations to Envoy Textiles Limited for taking this important next step in the company's sustainable growth. Saiful Islam, FCMA. With sincere thanks to our external counsel Ashurst, Alfred Ng for their outstanding work. https://lnkd.in/erzf523S https://lnkd.in/e7ikFYEm   #ADB # DevelopmentFinance #PrivateSectorFinancing #SustainableTextile

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BRAC Bank PLC has crossed the $1 billion mark in market capitalisation, becoming the only bank in Bangladesh to reach this milestone, according to a press release. As of 24 July, its share price stood at Tk 68.8, significantly above the face value of Tk 10, taking its market capitalisation to Tk 13,691 crore with 199 crore listed shares. Sponsor-directors hold 46.17%, foreign investors 33.79% the highest among local bankswhile local institutions and general investors hold 13.28% and 6.76%, respectively. With an authorised capital of Tk 5,000 crore and paid-up capital of Tk 1,991 crore, the bank reports steady improvement in key financial indicators. #BRACBank #BrandUpdates #Markedium

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Community Bank Bangladesh PLC Partners with North South University to Empower Startups Dhaka, [18AUGUST2025] – Community Bank Bangladesh PLC and North South University (NSU) have recently signed a Memorandum of Understanding (MoU) to collaborate in supporting NSU Startup Next – one of the country’s leading university-run incubators. Under this partnership, Community Bank Bangladesh PLC will act as the banking and mentoring partner for Startup Next incubatees. The Bank will provide tailored banking and cash management solutions while extending mentorship support to young entrepreneurs. It is noteworthy that this mentorship initiative will be executed through the Community Bank Startup Incubator, the first bank-run incubator for startups in Bangladesh. This initiative reflects Community Bank’s strong commitment to fostering innovation and contributing to the growth of Bangladesh’s startup ecosystem. The MoU was exchanged between Professor Abdul Hannan Chowdhury, Vice Chancellor, North South University (and Chairman, Grameen Bank), and Mr. Kimiwa Saddat, Managing Director (Current Charge), Community Bank Bangladesh PLC. The signing ceremony was attended by distinguished representatives from both institutions, including Dr. AKM Waresul Karim, Dean, School of Business and Economics, North South University Samuel Mursalin, Director, NSU Startups Next, Dr Ariful Islam, Head of Corporate & Branches, Community Bank PLC; and Mr. Mamunur Rahman, Head of ADC & MD’s Coordination Office, Community Bank PLC. Speaking on the occasion, Mr. Kimiwa Saddat stated: “Community Bank is proud to partner with North South University in shaping the next generation of entrepreneurs. Through our Startup Incubator and banking expertise, we are committed to providing startups with the financial tools, mentorship, and confidence they need to thrive.” Professor Abdul Hannan Chowdhury added: “This collaboration with Community Bank opens new opportunities for our students and startup founders. By combining academic knowledge, innovation, and professional banking support, we aim to strengthen Bangladesh’s startup ecosystem.” This partnership signifies a milestone in university–industry collaboration and underscores the shared vision of both institutions to nurture entrepreneurship, innovation, and sustainable business growth in Bangladesh. #communitybank #communitybankbangladeshplc #MOUSigning #NorthSouthUniversity

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🌐 BanglaBiz: Bangladesh’s Single Digital Gateway for Investors For the first time, all of Bangladesh’s Investment Promotion Agencies are connected through a single digital gateway 👉 https://banglabiz.gov.bd/ A big thank you to the Japan International Cooperation Agency (JICA) for partnering with BIDA to build this unified portal, making it easier for investors to access services across Bangladesh. BanglaBiz has connected: ✅ Bangladesh Investment Development Authority (BIDA) ✅ Bangladesh Economic Zones Authority, Chief Adviser's Office ✅ Bangladesh Export Processing Zones Authority (BEPZA) ✅ Bangladesh Hi Tech Park Authority (BHTPA) ✅ Bangladesh Small and Cottage Industries Corporation (BSCIC) ✅ Public Private Partnership Authority, Bangladesh (PPPA) The portal features include a centralized landing page with direct service links, an interactive “How to Apply” tool and a management dashboard for tracking performance. BanglaBiz marks the start of Bangladesh’s journey toward a fully integrated Investor Single Window Platform (ISWP) — designed to streamline investment, reduce barriers, and strengthen investor confidence. #InvestBangladesh #BanglaBiz #DigitalGateway

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৫ মন্তব্যসমূহ

A bold step towards promoting Responsible Drinking and safer roads 🚗🍻 Gorkha Brewery is proud to announce the launch of “Drink Responsibly”-campaign in collaboration with Nepal’s leading ride-hailing platform, Pathao. Taking place across Kathmandu Valley, this awareness campaign is the first-ever partnership in Nepal between a brewery and a ride-hailing platform. It aims to promote responsible drinking by encouraging consumers to choose safer transport options and actively discourage drinking and driving — a practical, purpose-led initiative to build a more conscious drinking culture. “This campaign is more than just a message – it's a step toward building awareness and shifting mindsets. It reflects our strong commitment to social responsibility and the power of local partnerships to create real impact.” says Rojan Amatya, Marketing Director at Gorkha Brewery. This is how Together Towards Zero and Beyond becomes real - through collaboration, innovation, and bold action on the ground. #ResponsibleDrinking #SaferRoads #GorkhaBrewery #CarlsbergGroup

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