By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)- Tony Elumelu, chairman of African investment company, Heirs Holdings has been named the 2015 Business Leader of the Year at the eighth annual Africa Investors (Ai) CEO Investment Summit, which was held in New York, United States last week. Africa’s finest business and government leaders […]
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Forte Oil sells 17% Equity to Mercuria Energy Group, receives regulatory approvals
September 24, 2015/Proshare The deal is done. Mercurial, the world’s third largest independent energy traders and asset operators has been successful in its bid to acquire a 17 per cent stake in Forte Oil Plc, a Nigerian indigenous petroleum products marketer and power generating company. With this deal, Mercuria enhances […]
AXA acquires 18.6% stake in utility company Eranove
September 14, 2015/Africa Global Funds AXA Group through AXA’s Real Estate division, has taken a 18.6% stake in the Eranove Group, a West African utility company with operations in power generation, transmission and distribution, from the Bouygues Group. Laurent Clamagirand, CIO of AXA, said: “The combined factors of a severe […]
