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Earnings Update: WAPCO, DANGCEM & BUACEMENT

April 18, 2024/Cordros Update We update our views on WAPCO (BUY, TP: NGN48.24), DANGCEM (SELL, TP: NGN460.77) and BUACEMENT (SELL, TP: NGN60.84). For WAPCO, we revised our TP upwards by 8.5% to NGN48.24/s and maintain our “BUY” recommendation on the stock. The re-rating was driven by our expectation of improved sales in 2024E coupled with the […]

Global Verification Body Verra Certifies d.light’s Clean Cookstove Projects in Sub-Saharan Africa

Initiative to distribute 600,000 clean cookstoves in Kenya, Nigeria and Uganda is verified by leading certifier as a trusted source of high-quality carbon credits April 18, 2024/d.light  A series of pioneering projects by d.light, the global provider of transformational household products and affordable finance for low-income households, to distribute 600,000 energy-efficient […]

The Africa Fertilizer Financing Mechanism Receives $7.3Million to boost Agricultural Productivity and Smallholder Farmers’ Income

Funding targets food production and income growth for 800,000 smallholder farmers April 18, 2024/AfDB Global Affairs Canada has provided $7.3 million in funding to the Africa Fertilizer Financing Mechanism (AFFM) to enhance sustainable agricultural productivity and smallholder farmer livelihoods, particularly women and youth across Africa. The financing will aid the […]