Highlights of December…

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STARTUPS

  • CowryWise was listed as one of the “50 World-Changing Startups to Watch in 2019 (read here)
  • Logistics startup Kobo360 raised $6M, expands in Africa (read here)
  • Impact Hub Lagos collaborated with Siemens on Hack Edo (read here)
  • MDaaS raised $100k From Ventures Platform (read here)

NEW INVESTMENTS, REINVESTMENTS & EXPANSIONS

  • African Natural Resources and Mines Limited plans $600m iron ore, steel production in Kaduna (read here)
  • AFC invested $25m Equity in Infracredit (read here)
  • Symbol Mining began construction of separation plant at Nigerian zinc project (read here)
  • Petrolex plans $3.6bn oil refinery for Ogun (read here)
  • ExxonMobilQIPP to invest $1.6bn on power, gas in Akwa-Ibom (read here)
  • Kaduna State signed MoU with DLO Energy Resources to develop 30MW Solar PV plant (read here)
  • Frigoglass in €25-30 million Nigerian glass investment (read here)
  • Shell signed FID on Assa North Gas project (read here)
  • Green Africa Airways, Boeing sealed $11.7 billion aircraft deal (read here)
  • ABB to diversify investments in Nigeria (read here)
  • Carlyle Group invested $40 million in Wakanow.com (read here)
  • Taxify expanded to Benin (read here)
  • itex expanded services, unveiled new brand identity (read here)
Read:  FIRS Expose 55,000 Tax Defaulter

MERGERS & ACQUISITIONS

  • Diamond Bank confirmed merger talks with Access Bank (read here)
  • Sirius Petroleum to acquire stake in Nigeria oil project (read here)

ECONOMY

  • Federal government certified Cross River garment factory’s products for export (read here)
  • NSE, Nasdaq sign new trading agreement (read here)
  • CAC registered 69,000 companies in 2 months (read here)
  • NEXIM entered into a $1bn trade facilitation pact with African Export-Import Bank for Nigeria  (read here)
  • Nigeria’s first gold refinery gets underway (read here)
  • ACCI signed pacts with Chinese council, 20 others (read here)
  • Trade Across Border: FG approved two PPP projects (read here)

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