

Aradel Holding confirms Shell acquisition deal
Aradel Holdings Plc (formerly NDEP), one of Nigeria’s major integrated indigenous energy Companies, listed on the NASD Exchange and the FMDQ, has confirmed its acquisition through Aradel Energy Limited of an equity interest in Shell Petroleum Development Company (SPDC) Limited, Nigeria.
According to the company, this acquisition is premised on the signing of a landmark transaction between Renaissance Africa Energy Company Limited, and Shell International PLC to acquire its 100 percent shareholding in the SPDC. Read more


Laser Light and WIOCC Sign $129M Partnership
Laser Light Companies and WIOCC, Africa’s digital backbone, have signed a five-year $129 million (USD) master services agreement. As part of the terms, Laser Light will contract with WIOCC for capacity on terrestrial and subsea cables in and around Africa and support services. In turn, WIOCC will use Laser Light for its global connectivity needs beyond its current network footprint and bring the Laser Light service portfolio to its African clients.
The agreement will commence upon initial operations of the Laser Light networking platform expected to begin at the end of 2023 with Africa being part of its Beta Program roll-out in partnership with Nokia announced in June.


NDEP PLC Unveils New Brand Identity, Becomes Aradel Holdings
Niger Delta Exploration & Production Plc (NDEP), a fully integrated energy company with interests in multiple oil and gas assets, has recently announced its rebranding as Aradel Holdings to better reflect its long-term strategy of becoming Africa’s leading organization in the delivery of sustainable energy solutions that support economic growth. The unveiling of the new brand identity took place on Friday, 4th August 2023, at an exclusive grand launch event.


Bunmi Adeoye to Speak at the AVCA 2023 Conference
The Countdown is on for the 19th AVCA Annual Conference scheduled to hold in Ciaro, Egypt from the 1st – 5th May 2023.
The AVCA 2023 Annual Conference themed” Retrospection & Prospection: Transforming Africa through Private Capital”, will focus on unlocking lasting, transformative change in Africa through private capital, and have its speakers/attendees think ambitiously and explore discussions about how private capital can build and contribute to a prosperous African future.
Bunmi Adeoye, Principal, ACA, will be speaking at the Infrastructure Roundtable on Monday, May 1st, 2023. We employ you to join us!
The Annual AVCA Conference brings together world-class investors, policymakers, and business leaders for interactive sessions, solutions-driven dialogue, and dynamic networking.
For more information on the AVCA Conference, please click here.


Okey Enelamah to Speak at the AVCA 2023 Conference
African Venture Capital Association (AVCA) will play host to the largest Africa focused industry gathering of investors, experts, founders and practitioners for its 19th Annual Conference in Ciaro, Egypt this year, from the 1st– 5th May 2023.
The AVCA 2023 Annual Conference is themed” Retrospection & Prospection: Transforming Africa through Private Capital”, and will focus on unlocking lasting, transformative change in Africa through private capital, and have its speakers/attendees think ambitiously and explore discussions about how private capital can build and contribute to a prosperous African future.
As co-sponsors of the AVCA Conference this year, ACA Delegates will also be speaking on different panels at the Conference. Okey Enelamah, Chairman & Co-founder, ACA, will be speaking at the first panel for the PE Conference, titled “Unlocking Opportunities for Private Capital in Africa: Navigating Global Uncertainty.
The Annual AVCA Conference brings together world-class investors, policymakers, and business leaders for interactive sessions, solutions-driven dialogue, and dynamic networking.
For more information on the AVCA Conference, please click here.