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African Infrastructure Investment Managers and Helios Investment Partners invest in Nigeria's Starsight Power Utility
05-02-2018 | 10:13:12
African Infrastructure Investment Managers, one of Africa’s leading infrastructure equity investment managers and a member of Old Mutual Alternative Investments, has announced an investment in Starsight Power Utility.
African Reinsurance Corporation becomes member of Africa Finance Corporation
01-02-2018 | 12:29:45
African Reinsurance Corporation announces its membership of Africa Finance Corporation (AFC), and becomes the first multi-lateral financial institution to invest in AFC.
Milost Global acquires Primewaterview Holdings Nigeria
11-01-2018 | 13:54:52
American private equity firm Milost Global Inc. has announced that, together with its African subsidiary, Isilo Capital Partners it has closed the acquisition of a 100 percent interest in Primewaterview Holdings Nigeria.
Private equity-backed Viathan issues Nigeria's debut 10-year guaranteed naira bond
08-01-2018 | 12:00:13
Private equity-backed Viathan Group has issued Nigeria’s debut 10-year corporate infrastructure bond in local currency to raise 10 billion naira ($32 million) at a yield of 16 percent to fund power assets.
[Nigeria] Farmcrowdy closes on seed funding of $1m
19-12-2017 | 09:38:00
Farmcrowdy, a Nigerian digital agriculture platform which allows Nigerians to venture in and sponsor agriculture, has announced that it had closed on seed funding of $1 million from international and local investors.
FSDH Merchant Bank announces investment by AFIG Funds
25-09-2017 | 09:30:15
FSDH Merchant Bank has announced that AFIG Funds, a leading African private equity fund manager has, through the Atlantic Coast Regional Fund (ACRF), completed an investment in the Bank.
[Column] Tony Elumelu: Why Africapitalists will build a continent’s future
21-09-2017 | 06:45:00
Africa is a place of real business opportunity that the world should be alive to. I know, having built businesses that now operate in 20 African countries and through creating a program over 10 years that is funding and mentoring 10,000 African entrepreneurs.
Biogaran takes over Swipha’s activities in Nigeria with eye on generic medicines for local market
27-03-2017 | 09:29:40
Biogaran, a French pharmaceutical company specialized in generic and biosimilar medicines, and a subsidiary of Servier, have announced the takeover of all the activities of Swipha, a Nigerian company that manufactures and distributes pharmaceutical products known for their quality.
IFC Invests $73.5m in Indorama Port to Boost Nigeria’s FX Inflows
13-07-2016 | 10:37:00
The International Finance Corporation (IFC), a member of the World Bank Group, has announced a $73.5million loan facility to OIS Indorama Port Limited, to support the development of a multi-purpose port terminal at Onne in Port Harcourt.
United Capital Pools N51 Billion Loan for Power Firms
24-05-2016 | 11:09:00
United Capital Plc, in partnership with United Bank for Africa (UBA) Plc, has assigned bank guarantees valued at N50.59 billion to the Generation Companies (GenCos) on behalf of the Nigerian Bulk Electricity Trading (NBET) Plc.