CDC opens offices in Kenya and Nigeria to increase investments

CDC opens offices in Kenya and Nigeria to increase investments

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AFRICA – The United Kingdom’s government-owned development finance institution, commonwealth Development Corporation (CDC), has opened offices in Kenya and Nigeria as part of its strategy trade ties with African countries. According to Nick O’Donohoe, chief executive of the CDC Group, the new…

Pan African Towers sign US$20.06m infrastarctural investment deal

Pan African Towers sign US$20.06m infrastarctural investment deal

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NIGERIA – The Pan African Towers (PAT) and a Canadian firm, WATT Renewable Corporation, have signed an infrastructure investment financing agreement to address the energy needs of Nigeria’s telecoms industry. Chief Operating Officer and founder, WATT Renewable Corporation, Oluwole Eweje, said the…

Syntaxis launch US$33m equity fund to bridge financing gap for SMEs in Africa

Syntaxis launch US$33m equity fund to bridge financing gap for SMEs in Africa

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NIGERIA – Syntaxis Capital Africa, an independent fund manager for Sub-Saharan Africa has launched US$33.19 million private equity fund to bring financing to Small and Medium Enterprises (SMEs)in Nigeria and other selected African countries. The main goal of the funding is to…

The Carlyle Group invests US$40m in Nigeria’s online travel agency Wakanow

The Carlyle Group invests US$40m in Nigeria’s online travel agency Wakanow

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NIGERIA – The American alternative asset management and financial services corporation, The Carlyle Group has announced that it will invest US$40 million in one of West Africa’s largest online travel agencies, Wakanow.com. According to the private firm, the equity will come from…