Mirova acquires SunFunder to drive global impact investing ambition
Anthony Nlebem
July 11, 2022
BY Business a.m. Mirova, a management company dedicated to sustainable investment, has announced the acquisition of SunFunder to help accelerate its ambition to become a global leader in impact investing. Mirova acquired 100 percent of SunFunder’s equity on June 3, 2022 and is looking to use SunFunder’s teams and expertise to strengthen its local investment […]
MTN partners ETAP to reward Nigerian drivers
Rosemary IwualaJuly 6, 2022
BY ROSEMARY IWUALA MTN Nigeria, Africa’s leading telecommunications company, has teamed up with ETAP, a mobility technology company that creates solutions and incentives to improve driving experience across Nigeria, to reward drivers for maintaining good driving behaviour. ETAP’s game-changing products include an app that uses advanced telematics to monitor driving behaviours like speed, acceleration, braking, […]
Businesses told to prepare for Arab Spring, #EndSARS type social unrest
Businessam StaffJuly 4, 2022
BY Business a.m. Businesses around the world have been told there is a strong possibility of a rise in social unrest of the type of the Arab Spring that spread across many Arab countries and the #EndSARS movement in Nigeria, and that they need to be prepared. This time such civil unrest in many countries […]
Julius Berger appoints Daura, Anya as independent directors
Businessam StaffJuly 4, 2022
BY Business a.m. The board of directors of Julius Berger Nigeria Plc has appointed Adamu Saidu Daura, a former ambassador and Chidi Anya to the company’s directorate as directors. Cecilia Madueke, Julius Berger’s company secretary, in a statement, said the appointments were made at a board meeting held in June, 2022. Daura and Anya appointments […]
MTN Nigeria gets commendation for supporting education
Grace AirhuleJuly 1, 2022
BY GRACE AIRHULE MTN Nigeria has received commendation from the Lagos State government for its support for e-learning in primary and secondary schools across the state. The telecom giant received the commendation at the second edition of the Education Summit organised by the Lagos State Ministry of Education in collaboration with the Office of […]
Kidogo named top 10 finalist for 2022 Klaus J. Jacobs Best Practice Prizes
Businessam StaffJune 29, 2022
BY Business a.m. African childcare initiative Kidogo has been named among top 10 finalists of ($602,000) CHF 600,000 Klaus J Jacobs Best Practice Prize 2022 for advancing education. The Klaus J. Jacobs Best Practice Prizes, awarded every other year, recognise non-profits, businesses, and social ventures bringing forth innovative solutions to some of education’s biggest challenges. […]
DKK, FX liquidity provider, plans Africa expansion as revenues top £63m
Businessam StaffJune 28, 2022
BY Business A.M. DKK Partners, an emerging markets foreign exchange liquidity provider, is set to roll off its planned major expansion into Africa after it saw its revenues top £63 million in its latest annual financials. Last year its revenues were £60 million and it says the £3 million growth this year had been driven […]
Big Data: TEXEM, UK tasks Nigerian organisations on data driven decision making
Businessam StaffJune 27, 2022
BY Business.a.m TEXEM, a United Kingdom based firm, is urging Nigerian organisations to use available opportunities to embrace data-driven decision-making. Such a strategy would give room for better performance and sustainable success, the firm said. In a statement issued by the firm and signed by Caroline Lucas, its director, special projects, TEXEM stressed on the […]
Nigeria’s LaVida Studios secures $50m financing, 10-project deal with Story Lab US
Rotimi AkinruliJune 24, 2022
BY ROTIMI AKINRULI LaVida Studios, a Nigerian production company, has secured a $50 million production investment as well as a three-year collaboration deal with Dentsu International-owned The Story Lab. The deal with The Story Lab U.S. is for 10 films and television properties focused on bringing African stories to the global stage using scripted and […]
10 years after Pringles’ takeover, Kellogg plans to split into 3 businesses
Grace AirhuleJune 22, 2022
BY GRACE AIRHULE Kellogg, an American multinational food manufacturing company, is splitting into three independent public companies focused on cereals, snacks and plant-based foods, the company announced on Tuesday. The move, coming a decade after Kellogg purchased Pringles for $2.7 billion, is aimed at simplifying its structure and sharpening its focus on the snack business. […]