Samsung Acquires 20% stake in Meridiam.
Samsung Life Insurance purchased a 20% share in Meridiam, according to an announcement made on April 24 by Meridiam. Meridiam…
Month: May 2023
Prosper Africa Supports Co-investments in Kenya’s Apparel Industry.
Leading companies and investors were gathered in New York City by the U.S. Government’s Prosper Africa project and Embassy in…
XRP and Bunratty Plan Roll Up Strategy for Africa’s Healthcare Market.
By pursuing mergers and acquisitions of small and medium-sized private healthcare enterprises that are in line with its strategic vision…
Vantage Sells Majority Stake in Dynamic Bedding.
The largest mezzanine loan fund manager in Africa, Vantage Capital, has completely sold its interest in Dynamic Bedding, a well-known…
Rohatyn Group makes Investment in Printing and Packaging Firm.
The Rohatyn Group (“TRG”), a specialized global asset management company with a focus on real assets and investment solutions in…
TPG-backed Healthcare Group Secures Financing from IFC.
On April 25, 2023, in Nairobi, Kenya—IFC announced an investment in Kenyan healthcare provider Avenue Group Limited. The funding will…
Amethis Holds First Close for Africa Europe Expansion Fund.
Amethis – a partner member of Edmond de Rothschild Private Equity – is a leading player in private equity dedicated…
Convergence Adds Specialist FinTech Group to Latest Fund’s Portfolio.
42Markets, a financial and capital markets fintech investment group, has secured $10 million in growth funding from Convergence Partners to…
Sanwo-Olu Unveils Lagos’ First Set of Electric Buses.
Governor Sanwo-olu has announced the delivery of the first electric buses for Lagos State’s mass transit system. The governor said…
FG Eliminates the 5% Telecom Tax Exemption.
According to reports, the federal government will move forward with the introduction of a 5% excise tax on mobile phone…
NIN Enrollment Fell 41% in April, According to a Report.
Enrollment in the National Identification Number program fell from 8 million in the first four months of 2022 to 4.67…
Group Requests that the N200 billion CBN Housing Intervention Fund be Released.
The Housing Development Advocacy Network has called on the federal government to pay N200 billion in interventions for low-cost housing…
Customs officers Lose N2 billion in Protest of a 100% Tariff Increase.
Customs officers at the Murtala Muhammed International Airport (MMIA) have described how their protest against the rise in ground handling…
Senate Demands N3.2bn Tractor Loan Repayment.
The Senate has indicted Kaduna’s Agricultural Bank over N3.2 billion loans made to 10 vendors to purchase tractors and other…
CBN: Bank Deposits Fell N210bn in Q1.
Total demand deposits fell by N210 billion between January and March 2023, as Nigerians made huge withdrawals from depository banks.…
Banks Receive more New Notes from CBN.
Nigeria’s central bank said it was supplying banks with more new notes amid growing concerns that redesigned banknotes were disappearing.…