Lenders drop $1.25bn to back Indorama’s fertiliser expansion
Post AMUGE
March 25, 2024
For third production line of 1.4mmt capacity Firm agrees to greenhouse gas strategy Cynthia Ezekwe Indorama Eleme Fertiliser and Chemicals Limited, a leading producer of urea in sub-Saharan Africa, has secured a significant financing package worth $1.25 billion to enable the expansion of its fertiliser production capacity. This investment is expected to have […]
Marleta Communications pioneers a new era of digital excellence for businesses
Post AMUGEMarch 22, 2024
Cynthia Ezekwe Marleta Communications, a Pan-African public relations and communications services provider, is set to introduce an innovative approach to public relations, social media, search engine optimisation (SEO), to revolutionise the way businesses communicate and operate. This approach, which combines creativity with strategy, is unique to the industry and has been designed to meet the […]
Moniepoint advocates digital adoption among Nigerian family businesses to promote sustainability
Post AMUGEMarch 21, 2024
Onome Amuge Nigeria’s family businesses face a number of obstacles when it comes to growth and development, but one of the most critical is the lack of digital sophistication. Despite the proliferation of digital technology, only a fraction of family businesses have prioritised their digital capabilities, with the majority still relying on outdated and inefficient […]
Access Bank closes new deal to acquire National Bank of Kenya
Post AMUGEMarch 20, 2024
Cynthia Ezekwe Nigeria’s leading financial institution, Access Bank Plc, through its parent company, Access Holdings Plc, has signed a binding agreement with Kenya’s KCB Group Plc (KCB) to acquire the entire share capital of the National Bank of Kenya Limited (NBK) from KCB. The development, which was published on the Nigerian Exchange Limited […]
Zenith Bank partners Niteon to revolutionise Africa’s export industry
Post AMUGEMarch 19, 2024
Cynthia Ezekwe Zenith Bank, one of Nigeria’s leading financial institutions, has announced a groundbreaking partnership with Niteon Inc., a B2B enterprise company that provides export and supply chain solutions. The collaboration aims to transform Africa’s export landscape by facilitating access to global markets and simplifying the export process The partnership with Zenith Bank is considered […]
Heirs Technologies taps Obong Idiong as new CEO
Post AMUGEMarch 14, 2024
Business a.m Heirs Technologies has appointed Obong Idiong as its new chief executive officer, a move that highlights the company’s commitment to digital transformation. The leading digital transformation company, in a statement made available to Business a.m, assured that with Obong at the helm, Heirs Technologies, it will continue to deliver its vision of empowering […]
Aig-Imoukhuede returns to chair Access Holdings after 10 years
Post AMUGEMarch 13, 2024
Business a.m Aigboje Aig-Imoukhuede, who, along with late Herbert Wigwe, the immediate past group chief executive officer of Access Holdings Plc, was the brain behind the acquisition and transformation of Access Bank Plc in 2002 and led it as group managing director and chief executive officer before retiring in 2013, is making a strategic return […]
Ecobank lands $250 Million bridge-to-bond loan from Afreximbank and AFC
Post AMUGEMarch 13, 2024
Joy Agwunobi Ecobank Transnational Incorporated (ETI), one of Africa’s leading banking groups, has secured a $250 million loan from the African Export-Import Bank (Afreximbank) and Africa Finance Corporation (AFC), to support the trade finance and general corporate activities of the group. The loan, which is an unsecured bridge- to- bond will provide liquidity and flexibility […]
UBA partners AGF in $100m project to grow SMEs in Africa
Post AMUGEMarch 13, 2024
Cynthia Ezekwe In a move that promises to have a major impact on the African business landscape, the African Guarantee Fund (AGF) and United Bank for Africa (UBA) have joined forces to provide up to $100 million in loans to small and medium-sized enterprises (SMEs) and business owners across 20 African countries. The support provided […]
UK-Angola Chamber of Commerce welcomes Thomas Gerrard-Reis as chairman
Post AMUGEMarch 12, 2024
Business a.m The UK-Angola Chamber of Commerce has appointed Thomas Gerrard-Reis as its Chairman for the 2024-2026 term. Gerrard-Reis brings a wealth of experience and expertise to the role, with a long history of promoting bilateral trade and investment between the UK and Angola. He was officially introduced to the Chamber’s members at a recent […]