Monday, 18 January 2021
Verdant Capital bags Independent Advisory Firm of the Year at 2020 Africa Global Funds Awards
Africa Global Funds, the leading industry journal covering private equity and other asset classes across Africa, awarded this accolade to Verdant Capital in recognition of the firm’s major transaction volumes in 2020 across M&A and private credit and across the Continent. Geographically, Verdant Capital completed transactions in South Africa, Uganda, Kenya, Ghana, Namibia with buyers and investors from the US, Switzerland, Germany, the UK, Japan, the Netherlands, Belgium, the Baltics, South Africa, and Nigeria.
FIFA President supports African football’s restart in Cameroon
FIFA President Gianni Infantino concluded a two-day trip to Cameroon, where he has met with dignitaries of the country and key officials from the Confederation of African Football (CAF) and the Cameroonian Football Association (Fecafoot). The trip coincided with the start of the African Nations Championship (CHAN), which is being hosted in three Cameroon cities from 16 January until 7 February 2021.
Heirs Holdings Acquires 45% of OML 17 from Shell, Total and ENI
Heirs Holdings, the leading African strategic investor, in partnership with affiliated company Transnational Corporation of Nigeria Plc (“Transcorp”), Nigeria’s largest publicly listed conglomerate, announced today the unconditional acquisition of a 45% participating interest in Nigerian oil licence OML 17 and related assets, through TNOG Oil and Gas Limited (a related company of Heirs Holdings and Transcorp), from the Shell Petroleum Development Company of Nigeria Limited, Total E&P Nigeria Limited and ENI. In addition, TNOG Oil and Gas Limited will have sole operatorship of the asset.
Friday, 15 January 2021
Understanding Private Equity and Alternative Investments - FBNQuest
Although there are a variety of options for raising capital and attracting investors, equity is one of the two most sort-after options. It allows a company to give a share of ownership of its business to an investor in expectation of a return as the business grows. Unlike public equity (stock market) with ownership of shares in a public company, private equity (PE) simply means ownership of shares in a private company.
Burna Boy and Diamond Platnumz Lead the Pack in Mama Kampala 2021’s Second List of Nominees With Three Nods Each
The second list of nominees for the upcoming MTV Africa Music Awards Kampala 2021 (MAMA) on 20 February spotlights Nigeria’s Burna Boy and Tanzania’s Diamond Platnumz who top the list with three nominations each. Five talented African musicians – Innoss’B, Master KG, Nomcebo Zikode, Simi, and Wizkid – also topped the second nominees list with two awards each.
Chappal Appoints Ufoma Joseph Immanuel as Managing Director
Ufoma Joseph Immanuel has been appointed as the Managing Director of Chappal Petroleum Development Company ‘Chappal’, effective January 2021. Ufoma is also one of the founding partners of Chappal, an ESG focused energy independent established to extract deep value from distressed brownfield Upstream opportunities in the Niger Delta region of Nigeria.
Mouka Donates to NAFRC Training Centre for Ex-Service Military Personnel, Ensures Continuous Support
Mouka made a wholesome donation of 10 professional computer systems to the Nigerian Armed Force Resettlement Centre (NAFRC). This was to support the centre's vision of becoming a world-class training institution for ex-servicemen and women who have made the nation proud in their duties as military officers while in active service.
Tuesday, 12 January 2021
Pfizer appoints Patrick van der Loo as Regional President for Africa and the Middle East
Pfizer has announced the appointment of Patrick van der Loo as Regional President for Africa and the Middle East (AfME) region. Patrick's Pfizer experience spans more than 20 years in leadership roles with multiple successes across geographies. In his new role as Regional President for AfME, Patrick will lead commercial operations to bring scientific breakthroughs in vaccines, oncology, rare diseases, internal medicine, hospitals, and inflammation & immunology, to serve patients.
Monday, 11 January 2021
TAJBank Drives Educational Infrastructural Development in Akwa Ibom
… Minister of Niger Delta Affairs Urges Bank to Open Branch in Uyo
TAJBank, Nigeria’s most innovative Bank has reiterated its commitment to contributing its quota to the growth and development of the Nigerian education sector.
LASUTH Re-emphasizes COVID-19 Second Wave
...debunks Myth that the Pandemic is Over
It has been clear for some weeks that Nigeria is experiencing the second wave of the COVID-19 outbreak. There has been a rapid and steady rise in the number of positive cases reported daily as well as a rise in the positivity rate. The positivity rate rose from an average of about 8% in November and presently stands at an average of 28%.
Wednesday, 6 January 2021
Qualcomm Appoints Cristiano Amon As Chief Executive Officer-Elect
...Steve Mollenkopf Takes A Bow as CEO After 26 Years at the Company
The world’s biggest supplier of mobile phone chips Qualcomm on Tuesday announced president and chip division head, Cristiano Amon, as its new chief executive officer.
Onyema becomes Group CEO of Nigerian Exchange Group as Popoola emerges Exchange Limited’s CEO
The National Council of the Nigerian Stock Exchange has announced the completion of the ongoing demutualization and the appointment of Oscar Onyema as the new Group Chief Executive Officer, Nigerian Exchange Group Plc. Temi Popoola and Tinuade Awe also emerged as CEOs of Nigerian Exchange Limited and NGX Regulation Limited respectively.
Monday, 4 January 2021
Siemens Gamesa seals its first wind farm project in Ethiopia, expanding its leadership in Africa
...100 MW wind farm will help power over 400,000 Ethiopian households
The company will deliver 29 SG 3.4-132 wind turbines to state-owned utility Ethiopian Electric Power (EEP) for the Assela project; the 100 MW wind farm will help power over 400,000 Ethiopian households; the wind farm is set to be commissioned by Spring 2023, and will save more than 260,000 tons of CO2 emissions per year.
Universal Music Group announces Strategic Leadership Appointments within Africa
Universal Music Group (UMG), the world leader in music entertainment, today strengthened its position as the leading music company in Africa by announcing a strategic expansion of its Sub-Saharan Africa leadership team. These appointments underscore UMG’s ongoing commitment to support and grow Africa’s domestic music ecosystems, while also creating new opportunities for African talent to reach new audiences globally.
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