April 11, 2019/AfDB On 1 April 2019, the Board of the African Development Bank approved an institutional support grant of $4.8 million to the African Union (AU) to accelerate the momentum of the African Continental Free Trade Area Agreement (AfCFTA), which received its 22nd ratification on 2 April, bringing the […]
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Axxela Now 100 Percent Owned by Helios
April 4, 2019/Modion Communications Axxela Limited (“Axxela”), sub-Saharan Africa’s preferred fast-growing gas & power portfolio company, has formally announced the acquisition of Oando’s remaining 25 percent interest in Axxela by Helios Investment Partners (“Helios”), a leading private equity firm with a focus on investments in Africa. This follows Helios’ initial purchase […]
Local Bourse Continue Losing Streak, Dips -0.99% Following a Rout in Consumer Goods Stocks
April 2, 2019 By Paschal Ijeh InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian equities market on Tuesday closed negative as the benchmark index shed 0.99 percent to close at 30,226.77 points, following a rout in the Consumer Goods stocks. “Thus, the Month-to-Date and the Year-to-Date return decreased to -2.62 percent and -3.83 percent […]
