July 8, 2019, Lagos, Nigeria – A number of ACA Portfolio Companies have been listed in the CDC/London Stock Exchange Group Companies to Inspire Africa 2019 Report:
- Bankers Warehouse Plc
- Beloxxi Industries Ltd.
- FilmHouse Ltd
- Niger Delta Exploration and Production Plc
- Swift Networks
Click the link to read more on the full report https://www.lseg.com/resources/companies-inspire-africa/companies-inspire-africa-2019.
July 8, 2019, Lagos, Nigeria – MTN Nigeria has been listed on the Nigeria Stock Exchange by way of Introduction in May 2019, and the shares would be open to Nigerian investors as part of the second phase of the listing. This means that the company was listed in the initial phase, without any public offer or sell-down or initial public offering.
The President and CEO of MTN Group, Mr. Rob Shutter, disclosed that Phase two is targeted at increasing the Nigerian participation in MTN Nigeria, will be a free float of around 35percent.
The Cornerstone Tower, one of the investments from ACA’s Real Estate Fund, Capital Alliance Property Investment Company (CAPIC), achieved a preliminary EDGE certification on April 5, 2019. Cornerstone Towers is the first commercial building to achieve the EDGE certification in Nigeria and this was merited based on the resource-efficient design of the building which will result in reductions in the use of Energy (31%), Water (53%) and other materials embodied (23%), relative to local benchmarks.
EDGE is an IFC innovation which focuses on solutions and targets that enable property developers to build and brand green and sustainable buildings in a fast, easy and affordable way. www.edgebuildings.com.
Source: BBC News
June 6, 2019, Lagos, Nigeria – The management of FilmHouse were featured in an BBC interview on the growing demand for cinemas in Nigeria. Click link to watch the interview. https://www.bbc.com/news/av/business-48480401/growing-demand-for-cinemas-in-nigeria
April 30, 2019, Lagos, Nigeria – ACA Portfolio Company, Filmhouse, led by Kene Okwuosa and Moses Babatope, have been selected to join the Endeavour Network.
Endeavour is a global network of entrepreneurs in 34 countries. The CEO of Endeavour Nigeria, Ms. Eloho Oname, confirmed that the selection panel was very impressed with the Filmhouse team and are excited to work with the company in achieving its expansion objectives.