Investment+ October 2018

Enko Capital Managers (“ECM”), managers of the Enko Africa Private Equity Fund (“EAPEF”), a private equity investor targeting mid-cap growth companies across Africa, has completed an investment to provide expansion capital to Imperial Homes Mortgage Bank Ltd,…

Nigerian investment platform Microtraction has announced its seventh deal, with an undisclosed investment in Lagos-based fintech Riby. Microtraction’s principal investment officer Dayo Koleowo made the announcement on the investment platform’s Medium profile yesterday (29 October). Riby’s smart…

The Adamawa Government on Sunday said it had signed an agreement with a foreign investor to commence cement production in the state. Ms Shanti Sashi, the state Commissioner for Mineral Resources, disclosed this to the News Agency…

Robust performance from Nigeria and Ghana operations have lifted MTN Group subscriber base to 225.4 million in the third quarter 2018 financial results ending September 30 released yesterday. MTN added 2.5 million new subscribers within the period,…

Counting on the dividends of previous participation in Lagos International Trade Fair, Japan through its external trade organisation, JETRO in Nigeria, seeks mammoth opportunities to invest in Nigeria, considering the country as the biggest market in Africa,…

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, at the weekend said two modular refineries would be commissioned in Delta and Rivers states in December. Speaking at the 2018 graduation of the Petroleum Training Institute…

Uber Nigeria on Friday announced its strategic partnership with the Lagos State Employment Trust Fund to create business and economic opportunities for Small and Medium Enterprises and startups. Lola Kassim, the General Manager, Uber West Africa, made…

The Nigeria Police Force has expressed readiness to partner with Innoson Vehicle Manufacturing Co. Ltd. for the production of Armoured Personnel Carriers (APC) to assist in crime fighting. The Inspector-General of Police, Mr Ibrahim Idris, expressed the…

It is indeed a good one for the Nigerian fintech industry as 3 Nigerian startups have been included among the #Fintech250 fastest growing fintech startups in the World. The 3 Nigerian startups are; Payments company, Paystack; Remittance…

An independent power project in Lagos with a capacity of 1.5 megawatts is set to be inaugurated by the Federal Government. The Sura Shopping Complex IPP, which was built by a private sector developer, Solad Power Holdings,…