Dangote and BUA Trade Words, Renewing Rivalry
After a brief truce brokered by former Kano State governor Abdullahi Ganduje, Aliko Dangote, President of Dangote Group, and Abdussamad…
Day: November 6, 2023
GlaxoSmithKline Consumer Nigeria Announces Scheme for Shareholder Dissolution
GlaxoSmithKline Consumer Nigeria Plc has proposed a Scheme of Arrangement for the dissolution of the company, following the UK-based pharmaceutical…
Nigeria’s Market Interest Rates Rise, Reigniting Foreign Investor Interest
Nigeria is re-emerging as an attractive destination for foreign investors following a rise in market interest rates and steps to…
Diezani Allison-Madueke Seeks Prayers as UK Court Hears Bribery and Corruption Case
Former Minister of Petroleum Resources, Diezani Allison-Madueke, appeared before a Southwark Crown Court judge in the UK over a case…
Businessman Chief Cletus Ibeto Faces Bench Warrant for Alleged N4.8 Billion Fraud
Justice I.O. Ijelu of the Lagos State High Court issued a bench warrant for businessman Chief Cletus Ibeto’s arrest after…
President Bola Tinubu May Reshape Cabinet as Ministerial Retreat Concludes
President Bola Tinubu may consider reshaping his cabinet following the conclusion of a three-day Ministerial retreat. The President’s recent appointment…
FTX Founder Sam Bankman-Fried Convicted: What Happens Next?
FTX founder Sam Bankman-Fried has been convicted of orchestrating a multibillion-dollar fraud on the cryptocurrency exchange’s customers. Here’s what to…
Nigeria Gains Traction with Foreign Investors as Economic Reforms Pick Up
Following a slowdown in reforms, Nigeria is back on the radar of foreign investors. The Central Bank of Nigeria’s decision…
AFC Successfully Exits Investment in Ghana’s Takoradi Port Expansion Project
Africa Finance Corporation (AFC), the leading infrastructure solutions provider in Africa, has successfully exited its 35% equity investment in Atlantic…
Norrsken22 Closes $205 Million Fund to Propel African Tech Startups
Norrsken22, a Pan-African venture capital firm, has successfully closed its debut fund at an impressive $205 million, surpassing its initial…
Sanlam Private Equity Sells Majority Stake in Absolute Pets to Woolworths
Sanlam Private Equity, the private equity division of Sanlam Investments, has announced the successful sale of its majority stake in…
British International Investment Commits $26.5 Million to Enhance Food Security in Africa
British International Investment (BII), the UK’s development finance institution, has pledged a substantial investment of $26.5 million to AFEX, Africa’s…
Standard Bank Group Launches Energy Transition Fund to Drive Sustainable Growth in Africa
Standard Bank Group (SBK), in collaboration with Liberty, has initiated an Energy Transition Fund with an initial seeding of R3…
AAIC Investment Raises $40 Million for Africa Innovation & Healthcare Fund II
AAIC Investment has announced the successful second close of the Africa Innovation & Healthcare Fund (AHF) II, securing an additional…
Pearl Capital Partners Launches $6.4 Million Credit Facility Fund to Aid Smallholder Farmers in Uganda
Pearl Capital Partners (PCP) has introduced a credit facility fund totaling $6.4 million, with support from the Netherlands embassy. This…