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 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.
MTN Group, Africa's biggest mobile phone operator, has said that it assigned a $231 million shareholder loan to phone tower group, IHS Holding Ltd, impacting its 2017 profits.
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.
Hilton and Transcorp Hotels Plc, a subsidiary of Transnational Corporation of Nigeria Plc have signeda 20-year extension to the current agreement to manage the iconic Transcorp Hilton hotel in Abuja.
The hotel sector in Sub-Saharan Africa has evolved during the past decade due to high demand growth, entrance of new global brands and increasing supply in major markets.
Based on August 2017 data from STR, Africa currently shows 301 hotel projects in the pipeline, accounting for 57,011 rooms, or 11.0% of the continent’s existing room supply.
Protea Hotels by Marriott, part of Marriott International, Inc. has opened Protea Hotel by Marriott, Owerri Select in South-Eastern Nigeria, a development, which further consolidates its presence in the country.
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.
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.