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)
- ExxonMobil, QIPP 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)
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)
