By InvestAdvocateLagos (INVESTADVOCATE)-Construction giant, Julius Berger Nigeria Plc has announced the appointment of Detlev Lubasch as director and the new managing director (MD) of the company effective July 1, 2014. The company in a statement to the Nigerian stock exchange (NSE) said the appointment of Lubasch came on the heels […]
Capital Market
ECP Africa Fund II to Divest 50.6% stake in Continental Re
By InvestAdvocateLagos (INVESTADVOCATE)- ECP Africa Fund II PCC and its partners (the ECP Fund II Consortium) has said they will divest 50.6 percent stake in Nigerian reinsurance firm, Continental Reinsurance Plc, the company said in a notice to the Nigerian stock exchange (NSE). According to the notice, C-Re Holding is […]
Zimbabwe Government, Stockbrokers Cut Stake in Bourse Before IPO
The Zimbabwe government and stockbrokers in the nation’s stock market agreed to halve their combined stake in the bourse to 50 percent before an initial public offering. The 50 percent share of the Zimbabwe Stock Exchange will be valued at $5 million, according to a memorandum of understanding signed today […]
