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Flash Note: Huaxin Cement Acquires Majority Stake in Lafarge Africa Plc

December2, 2024/CSL Research Lafarge Africa Plc has notified the Nigerian Exchange (NGX) that its majority shareholder, Holcim Group, has entered into an agreement to sell its entire 83.81% stake in the company to Huaxin Cement, a leading Chinese cement manufacturer. The transaction, valued at approximately US$1 billion, marks Holcim’s exit […]

AFC Receives Top Honours as Financial Adviser of the Year at the 2024 IJInvestor Awards

Every year, the IJInvestor Awards celebrates the best fundraising, deployment, and mergers and acquisitions activities within the energy and infrastructure sectors November 29, 2024/AFC Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, has received top honours as Financial Adviser of the Year at the 2024 IJInvestor Awards. Held […]

United Capital Weekly Pan African Monitor Friday 29-November-2024

November 29, 2024/United Capital Research Anglophone West Africa (WAEMU) Nigeria Nigeria’s GDP grows by 3.46% in Q3 2024 Nigeria’s economy recorded a 3.46% y/y growth in Gross Domestic Product (GDP) during Q3-2024. The growth represents an improvement over the 2.54% recorded in the same period of 2023 and a slight […]